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Extreme TMA System

  • #7,621
  • Mar 29, 2012 6:54am Mar 29, 2012 6:54am
Quoting mogulmedia
Hi, please check your PM, thanks!
Mogul I too have an interest in supply & demand trading could you please also share with me anything that may help me along that path.

Thanks

Robert
  • #7,622
  • Mar 29, 2012 6:59am Mar 29, 2012 6:59am
Quoting maudur
By_Tor,

Here is a good document from B.S trading with kenneth lee. What he teaches is from sam seiden.
Hi Maudur,

Thanks for sending that over. I'll check it out at some point today!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,623
  • Mar 29, 2012 7:06am Mar 29, 2012 7:06am
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...
That´s like saying that a heart specialist will only become confused when diagnosing the ailment the more knowledge of cardiovascular disease he has. Or a judge will make worse decisions with a fuller understanding of the law because that will only confuse him.

Of course, the most important aspect of trading is self control, discipline, self confidence and knowing yourself and your limitations, but having as much knowledge of the market´s, technical and fundamental aspects, only increases your self confidence and makes you a better professional. Trading is like any other profession. The more you know and the more experience you have applying that knowledge, the better you will become.
Observation is the path to discovery.
  • #7,624
  • Mar 29, 2012 7:08am Mar 29, 2012 7:08am
Hello - just a couple of quick questions about the Trix.

1. Would it please be possible for future versions to include an alert signal when a divergence arrow is painted on the chart? This would be very useful for those watching multiple charts or not wanting to look at the screen all day.

2. Exactly how soon after the divergence is detected is the arrow painted? Does it require the next 1 or 2 bars to close for confirmation?

Many thanks!
  • #7,625
  • Mar 29, 2012 7:12am Mar 29, 2012 7:12am
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!
This is my very first post on FF and I would like to thank Al for his wonderful and caring attitude for trying to help up trade more successfully in the Forex markets. I would also like to thank everybody else who have contributed to this thread too... I will keep reading with great interest.

mogulmedia, what you say is so true to what has happened to me... please PM me too with any recommendations. Thanking you in advance.
  • #7,626
  • Mar 29, 2012 7:15am Mar 29, 2012 7:15am
Quoting Alorente
That´s like saying that a heart specialist will only become confused when diagnosing the ailment the more knowledge of cardiovascular disease he has. Or a judge will make worse decisions with a fuller understanding of the law because that will only confuse him.

Of course, the most important aspect of trading is self control, discipline, self confidence and knowing yourself and your limitations, but having as much knowledge of the market´s, technical and fundamental aspects, only increases your self confidence and makes you a better professional....
Sorry I wasn't clear.

I didn't mean that you can trade with no TA knowledge.

I mean't that people get disillusioned into thinking that the more they know about TA the more money they will make. That is not true. There is no correlation between knowing more and profiting more.

Ask anyone here and if they answered honestly, I'm sure they would say that their profits rarely increased every time they learned more TA.
  • #7,627
  • Mar 29, 2012 7:18am Mar 29, 2012 7:18am
Quoting jucaorma
its a a long trade ? EU

thanks
Personally, I wouldn't take that, as there is a high impact news release on the USD in about ten minutes. If you're trading off an M15 signal, chances are you're looking at a short term trade. This kind of news release could just as easily work against you.

As always; just my opinion!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,628
  • Mar 29, 2012 7:20am Mar 29, 2012 7:20am
Quoting Vorsprung
Hello - just a couple of quick questions about the Trix.

1. Would it please be possible for future versions to include an alert signal when a divergence arrow is painted on the chart? This would be very useful for those watching multiple charts or not wanting to look at the screen all day.

2. Exactly how soon after the divergence is detected is the arrow painted? Does it require the next 1 or 2 bars to close for confirmation?

Many thanks!
Yes, it is painted after a few bars so it would not work for a signal, but we have other ways of building divergence signals, both visually and through code. We will be including it soon.
Observation is the path to discovery.
  • #7,629
  • Mar 29, 2012 7:39am Mar 29, 2012 7:39am
Quoting Alorente
Yes, it is painted after a few bars so it would not work for a signal, but we have other ways of building divergence signals, both visually and through code. We will be including it soon.
Thank you very much for the reply, and your fascinating thread!
  • #7,630
  • Mar 29, 2012 8:16am Mar 29, 2012 8:16am
Any MT4 experts here please?

I downloaded a lot of history for something else I was doing and it's completely screwed my charts. My Extreme TMA H1 is now vertical lines and looks like period separators.

I've tried deleting the indi and reinstalling but same result.
  • #7,631
  • Mar 29, 2012 8:33am Mar 29, 2012 8:33am
Quoting handy148
Any MT4 experts here please?

I downloaded a lot of history for something else I was doing and it's completely screwed my charts. My Extreme TMA H1 is now vertical lines and looks like period separators.

I've tried deleting the indi and reinstalling but same result.

Try to download history By attached script(approx. 30 min).
Best Regards
Attached File(s)
File Type: mq4 s-Downloader.mq4   11 KB | 392 downloads
  • #7,632
  • Mar 29, 2012 8:34am Mar 29, 2012 8:34am
Quoting handy148
Any MT4 experts here please?

I downloaded a lot of history for something else I was doing and it's completely screwed my charts. My Extreme TMA H1 is now vertical lines and looks like period separators.

I've tried deleting the indi and reinstalling but same result.
Try to establish MT4 on other disk
  • #7,633
  • Mar 29, 2012 9:07am Mar 29, 2012 9:07am
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...
I agree 100% with you.
Some new traders can think, if the price touch one line , then change becuase this touch.
Or can think if the X line point UP means market is go UP.
TA is mostly used for Big Boys to profit taken the other side of the trade.
I read and buy many books about PA or Ordew flow, but still have the same problem.
The market is moving for information outside the charts.
News, Central Banks, stop hunt, Barrier Options, Big Boy money never follow "history" charts.
S/R areas have the same problem as well patterns.
Any system are profitable ( if can sell a lot of then...)
All system works in some condition of the market.
Finaly you need some TA at least for see where are the last trap traders.
  • #7,634
  • Mar 29, 2012 9:19am Mar 29, 2012 9:19am
[quote=nanningbob;5522737]Guys you can beat a horse to death with a stick and pile indicator upon indicator. You cannot avoid a losing trade. If you meet all the rules 100% and GM decides to cash a check from the French Govt. from a sale made last year price aint goin in your direction. No amount of planning, changing rules, more indicator, adjust indicators, fundamental or news knowledge is going to change that market move. Forex is a place for business transactions. Traders are only a very very small part of Forex. Professional traders trade with billions of dollars but the market deals in Trillions. You take your best shot and see what happens. Most of the time it works, sometimes it does not. Some of your screens are starting to look like a jungle and I cant even see the price line on your screen. I trade 2MA lines and S/R indicator on my screen, that is it. There are professional traders who only trade with the 200MA and trendlines. Keep it simple or you are all going to go crazy. This is a nice method and it works I am trying to adapt it to a 4H chart. But dang at least keep enough clearance on your screen to see the price.

Can you share your S/R indicator?
  • #7,635
  • Mar 29, 2012 9:32am Mar 29, 2012 9:32am
[quote=merlincocai;5524018]
Quoting nanningbob
Guys you can beat a horse to death with a stick and pile indicator upon indicator. You cannot avoid a losing trade. If you meet all the rules 100% and GM decides to cash a check from the French Govt. from a sale made last year price aint goin in your direction. No amount of planning, changing rules, more indicator, adjust indicators, fundamental or news knowledge is going to change that market move. Forex is a place for business transactions. Traders are only a very very small part of Forex. Professional traders trade with...
Nanningbob can you also share what 2 MAs you use and your S/R Indicator.

Thanks Robert
  • #7,636
  • Mar 29, 2012 9:39am Mar 29, 2012 9:39am
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...
Ha-ha! I love these kinds of posts where the extreme condition is presented (here, no indicators, only price bars) by someone that uses it successfully, demonstrating that at least one person can do it.

At the other extreme, last week I sent a friend screen captures of a trade that I made that had only indicators on it, NO PRICE BARS! So really, I take exception to your remark "Learning more and more technical analysis will only confuse you..." Correct me if I misintepreted that, but I think you are saying that learning more TA equates to adding more indicators to your charts.

I think there is nothing wrong with doing some investigating of a TA method that you don't know, then if it doesn't appear to help you, don't use it. I suspect that is exactly what you have done, and determined that no other TA method that you looked at has added to your results using only PA.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,637
  • Mar 29, 2012 9:46am Mar 29, 2012 9:46am
I made an M1 trade yesterday and took screen captures. Here is a screen capture of the EURUSD M1 immediately after my sell. The other screen shot is shortly after exiting with 12 pips at the bottom band. (Note that the band moved up as was expected.)
Several bands clustered. Price was at or below the bottom band. I’m looking for a place to go SHORT, which is the much bigger trend direction.
M1 went into ranging mode and made a run up band-to-band. Top band is right at a big round number 1.3200 for a resistance line. TRIX turned over. (I also have another indicator that turned over). Closed 2 down candles, so entered.
Targeted 1.3287a bit above the bottom band because I expect the bands to repaint higher due to this up move. Put an emergency stop-loss quite far above based on swing high on M5. (My Internet connection has been erratic today, so don’t want to lose it without a stop in place.)
I forget now which time frame that solid green line is, but I think it is the bottom band of the M5. M1 goes up to pull down further the bigger charts, NOT to run a new up trend.
FOOD FOR THOUGHT Note price started in my direction, fell to about the midline, then rallied. This is normal behavior; 5-10 candles in one direction before some kind of correction occurs. NOTE: That follows W.D. Gann’s remarks that TIME is more important that PRICE. When time is up (the 5-10 bars have past means TIME has past), there is some kind of correction, no matter how far price went during that time interval. If price were more important than time, then when price reaches some critical level, no matter how many bars have past, even if just 1 bar, there will be a correction.
DrDave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euM1sell.png Size: 42 KB
Click to Enlarge Name: euM1sell-exit.png Size: 133 KB
To free Gazans of Hamas, use whatever it takes.
  • #7,638
  • Mar 29, 2012 9:55am Mar 29, 2012 9:55am
Quoting jucaorma
its a a long trade ? EU

thanks
Did you check the position of the H1 bands, the M5 bands, and how they were pointing? When trading the M15, I think not enough has been said about looking at the M5 before pulling the trigger.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,639
  • Mar 29, 2012 9:55am Mar 29, 2012 9:55am
Al what do you think about eur/gbp long ? H1 is going up and price is reaching it's lower band
  • #7,640
  • Mar 29, 2012 10:00am Mar 29, 2012 10:00am
Quoting Vorsprung
Hello - just a couple of quick questions about the Trix.

1. Would it please be possible for future versions to include an alert signal when a divergence arrow is painted on the chart? This would be very useful for those watching multiple charts or not wanting to look at the screen all day.

2. Exactly how soon after the divergence is detected is the arrow painted? Does it require the next 1 or 2 bars to close for confirmation?

Many thanks!
The current trix uses regular divergence definition. This requires a peak by definition so you can't get an arrow on current bar only 1 bar back. I think Al is going to be presenting a more nuanced definition of divergence. From what I have seen, of his example of divergence, some of these could be added to the Trix indicator if there is interest.
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