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Extreme TMA System

  • #7,601
  • Mar 29, 2012 5:30am Mar 29, 2012 5:30am
Quoting orionhan
Hi Al, I have made several of the same mistake like that too. But what perturbed me is when do we actually enter the trade? At the top of the 15M band? H1 band? or H4 band?

Say if the pricing did manage to hit the H1 or H4 band won't the TMA indicator be sloping upwards as well?

I read page 1 of this thread numerous time and has been following this thread faithfully. I guess I'm really thick in my head. Please enlighten me Thanks!

Warmest regards.
You have to pick the time frame that is best for you. After you pick a TF, make sure that the longer TF is expected to move in the same direction as your trade. For example, if you are trading short on M15 from the upper band, make sure the H1 channel is not moving up. Be sure it is moving at least sideways. Even better if it is moving lower.
Observation is the path to discovery.
  • #7,602
  • Mar 29, 2012 5:30am Mar 29, 2012 5:30am
Quoting jnfer
my eu target 1.3259 or 1.3235
will jump in again after retrace
A good trader follows his rules, but great trader knows when to break them
  • #7,603
  • Mar 29, 2012 5:32am Mar 29, 2012 5:32am
Quoting ill_be_back
will jump in again after retrace
I will close it if 5 min open above 1.3289

ahh,,, we have high impact news in 2 hours..
  • #7,604
  • Mar 29, 2012 5:34am Mar 29, 2012 5:34am
Quoting JollyJoker
Here are the charts in attachment, that made me go for buy trade.
I agree with both of you regarding aud going down in long run, and i am not arguing it. what i am trying to learn here is to use system effectively.
Thing i like about this forum is you guys are not giving us noobs fish, but method to catch the fish.
Respect !!
Al and other experience users, please identify whether it fulfilled all the requirement to trigger a trade ? Did i made mistake in reading something ? if yes please identify ? how likely it will go to top 4H band
It is a pretty obvious mistake. You are a little boat floating in the M15 river, but you are trying to travel against the much bigger H1 and H4 river currents that are moving downstream. You have to wait for H1 to at least be moving sideways before you can expect to go long. Better if it is already moving higher.
Observation is the path to discovery.
  • #7,605
  • Mar 29, 2012 5:37am Mar 29, 2012 5:37am
Quoting By_Tor2114
That's a fantastic goal. I've had many people tell me that you can't make a living as a forex trader, including someone that was a professional forex trader and did very well at it (Go figure!).

It was 7 years ago that I first came across forex trading and 5 years ago that I took a basic course on it. It's now my current objective to make a living from it.

Good luck to us all!
If you want to make a living trading, you better learn tons of technical analysis. I have spent decades learning it. It takes years to understand price movement well. Knowing a system is ok but you need much more than that to become a professional trader.
Observation is the path to discovery.
  • #7,606
  • Mar 29, 2012 5:41am Mar 29, 2012 5:41am
Quoting grechmar
Why close short on eu and short gu straight after?
It wasn´t a bad idea because GU was trailing EU. In the end they will both drop, but EU started dropping first.
Observation is the path to discovery.
  • #7,607
  • Mar 29, 2012 5:42am Mar 29, 2012 5:42am
Quoting Alorente
1- Yes.

2- No. The numbers on the Info indi give you the size of the TMAs with ATR Multiplier of 2.0. I changed ATR Multiplier of H1 and H4. so the real size is larger on the chart.
1 . i already understand .
2 .Should i follow Real size of chart or number on indi ?
Share and Receive
  • #7,608
  • Mar 29, 2012 5:45am Mar 29, 2012 5:45am
Quoting scott-ibm
Dear Penet :

I am focus AUDUSD like you now, I saw your chart of AUDUSD M15,
there is a number 19% , on the top of chart, can I know what is that means ??

thank you ~

SCOTT
~~~~~~~~~
Hey ! No, no ! I've said at that post that this was a Usd/Jpy chart but sign was aud/usd and i need to delete it And that number is BarTimer.
  • #7,609
  • Mar 29, 2012 5:47am Mar 29, 2012 5:47am
Quoting maxryan9999
1 . i already understand .
2 .Should i follow Real size of chart or number on indi ?
Number on indi and the dashboard.
Observation is the path to discovery.
  • #7,610
  • Mar 29, 2012 5:55am Mar 29, 2012 5:55am
Quoting Alorente
If you want to make a living trading, you better learn tons of technical analysis. I have spent decades learning it. It takes years to understand price movement well. Knowing a system is ok but you need much more than that to become a professional trader.
Hi Al,

In your experience, what parts of understanding price movements have best served you? Not looking for a detailed description, just a quick synopsis.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,611
  • Mar 29, 2012 6:04am Mar 29, 2012 6:04am
Quoting Alorente
If you want to make a living trading, you better learn tons of technical analysis. I have spent decades learning it. It takes years to understand price movement well. Knowing a system is ok but you need much more than that to become a professional trader.
And the biggest part i guess is to deal with the mentality and discipline. I feel this is the biggest obstacle for me.
  • #7,612
  • Edited 6:13am Mar 29, 2012 6:12am | Edited 6:13am
Quoting Alorente
If you want to make a living trading, you better learn tons of technical analysis. I have spent decades learning it. It takes years to understand price movement well. Knowing a system is ok but you need much more than that to become a professional trader.
I don't agree. I trade successfully using simple supply/demand. No indicators just pure PA.

Learning more and more technical analysis will only confuse you with the endless number of conflicting bits of information usually resulting in you being so bogged down mentally with ideas that you take no trades at all! Your finger freezes over the mouse and you can't pull the trigger, even though your brain is saying buy/sell!

When you learn so much TA, you can easily find that you have both a good argument for a long trade and a short trade - at the same time!

Learning more and more TA is a paradox. Sure it sounds logical that the more you know, the better you will understand the market. Therefore you would think that the better you understand the market the more profit you will make, right?

If only it was that easy! If it was that easy we would all be making money through trading wouldn't we?! After all we are a clever enough bunch on FF and TA isn't difficult to learn - so why are there so many people not making money at trading?

IMO to become a successful trader, you need to sort out your mentalality, not learn more TA. As hard as it may seem to believe (or you don't want to believe it) the trader himself is the reason he loses, it's not down to a lack of market knowledge...
  • #7,613
  • Mar 29, 2012 6:17am Mar 29, 2012 6:17am
Quoting jnfer
And the biggest part i guess is to deal with the mentality and discipline. I feel this is the biggest obstacle for me.
5 weeks & 500 pages i have learned what someone might have spent 5yrs to learn imagine what we will become after 25 weeks
thanks al
A good trader follows his rules, but great trader knows when to break them
  • #7,614
  • Mar 29, 2012 6:23am Mar 29, 2012 6:23am
Quoting ill_be_back
5 weeks & 500 pages i have learned what someone might have spent 5yrs to learn imagine what we will become after 25 weeks
thanks al
You are very lucky if you can learn discipline and mentality from other's mistakes, many of us just have to make the same msitakes themselves to learn!
  • #7,615
  • Mar 29, 2012 6:32am Mar 29, 2012 6:32am
Quoting mogulmedia
I don't agree. I trade successfully using simple supply/demand. No indicators just pure PA.

Learning more and more technical analysis will only confuse you with the endless number of conflicting bits of information usually resulting in you being so bogged down mentally with ideas that you take no trades at all! Your finger freezes over the mouse and you can't pull the trigger, even though your brain is saying buy/sell!

When you learn so much TA, you can easily find that you have both a good argument for a long trade and a short trade - at the...
Hi Mogul,

A lot of what you said has certainly echoed in my mind. I spent my first little while (Several years ago) learning all the technical stuff and often found that it led me in both directions. This isn't to say that TA isn't an amazing tool.

I'm very interested in the supply and demand side of things, but I've not really known where to start learning it. Someone mentioned a guy called Sam Seiden to me as being good with supply and demand mentality, but I've not really found anything good to read. Do you have any recommendations?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,616
  • Mar 29, 2012 6:34am Mar 29, 2012 6:34am
Quoting ill_be_back
eurusd adr 113 today's move 72 so i fiigured it will retrace before it moves south again
gbp adr 114 today's move 50 so it has room to go another 20 pip before retrace than south again
Hi, could you please explain what is adr and how you figure out a point of retrasement? Is it 2/3 of adr?
Many thanks
  • #7,617
  • Mar 29, 2012 6:41am Mar 29, 2012 6:41am
Quoting By_Tor2114
Hi Mogul,

A lot of what you said has certainly echoed in my mind. I spent my first little while (Several years ago) learning all the technical stuff and often found that it led me in both directions. This isn't to say that TA isn't an amazing tool.

I'm very interested in the supply and demand side of things, but I've not really known where to start learning it. Someone mentioned a guy called Sam Seiden to me as being good with supply and demand mentality, but I've not really found anything good to read. Do you have any recommendations?
By_Tor,

Here is a good document from B.S trading with kenneth lee. What he teaches is from sam seiden.
Attached File(s)
File Type: pdf BS Trading.pdf   5.0 MB | 951 downloads
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  • #7,618
  • Mar 29, 2012 6:42am Mar 29, 2012 6:42am
Quoting By_Tor2114
Hi Mogul,

A lot of what you said has certainly echoed in my mind. I spent my first little while (Several years ago) learning all the technical stuff and often found that it led me in both directions. This isn't to say that TA isn't an amazing tool.

I'm very interested in the supply and demand side of things, but I've not really known where to start learning it. Someone mentioned a guy called Sam Seiden to me as being good with supply and demand mentality, but I've not really found anything good to read. Do you have any recommendations?
Hi, please check your PM, thanks!
  • #7,619
  • Mar 29, 2012 6:46am Mar 29, 2012 6:46am
hello for those who do not have a good program I send the link of a magnificent catch and recording program that is simple and there will http://www.techsmith.com/ jing and downloaded. a greeting Xabier
  • #7,620
  • Mar 29, 2012 6:48am Mar 29, 2012 6:48am
its a a long trade ? EU

thanks
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