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Extreme TMA System

  • #7,641
  • Mar 29, 2012 8:01am Mar 29, 2012 8:01am
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.
Painting 1-2 bars later could prove to be a useful filter for the more conservative trader. He would always wait those 1-2 bars after the normal entry signal to see if the arrow paints, thereby putting him in the trade, if still valid, after it is underway.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,642
  • Mar 29, 2012 8:10am Mar 29, 2012 8:10am
Quoting penet
Al what do you think about eur/gbp long ? H1 is going up and price is reaching it's lower band
I'm no Al, but I see it this way. H1 is indeed overdue to go up. Bands are clustering at the lower H1 band and staying inside H4 channel. However, the small charts need to complete going down first, then start up. I see M15 still needing to go down more. It is highly likely M5's down move is done, but it needs to make another one.

You could buy if you get a valid signal, but be ready for drawdown. (Not guaranteed, just the way I see it.)

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,643
  • Mar 29, 2012 8:16am Mar 29, 2012 8:16am
Quoting Alorente
Number on indi and the dashboard.
Didn't you ask me to change the indi to adjust the size. I thought the profit targets where for the larger bands. Also there are no numbers on the dashboard. So either I am missing the question or the answer.
  • #7,644
  • Mar 29, 2012 8:18am Mar 29, 2012 8:18am
Quoting DrDave
I'm no Al, but I see it this way. H1 is indeed overdue to go up. Bands are clustering at the lower H1 band and staying insdie H4 channel. However, the samll charts need to complete going down first, then start up. I see M15 still needing to go down more. It is highly likely M5's down move is done, but it needs to make another one.

You could buy if you get a valid signal, but be ready for drawdown. (Not guaranteed, just the way I see it.)

DrDave
Thanks for answer. I've never used TMA with 5m to confirm entry for 15m and 1h. Thanks again i will try this
  • #7,645
  • Mar 29, 2012 8:22am Mar 29, 2012 8:22am
[quote=Surfnomad;5524081]
Quoting merlincocai

Nanningbob can you also share what 2 MAs you use and your S/R Indicator.

Thanks Robert
Last two posts

http://www.forexfactory.com/showthread.php?t=308304
download the 10.1 folder.
  • #7,646
  • Mar 29, 2012 8:23am Mar 29, 2012 8:23am
Quoting penet
Thanks for answer. I've never used TMA with 5m to confirm entry for 15m and 1h. Thanks again i will try this
When I walk to the intersection, I always look left because the cars coming from the left side are closer to me. After I was run over in the middle of the crosswalk by a car from the right, I started checking that side, too.
To free Gazans of Hamas, use whatever it takes.
  • #7,647
  • Mar 29, 2012 8:27am Mar 29, 2012 8:27am
Quoting penet
Thanks for answer. I've never used TMA with 5m to confirm entry for 15m and 1h. Thanks again i will try this
Also, have you seen even 1 M5 HA candle with a top wick yet? If not, is it even possible that M15 could be turning up?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,648
  • Mar 29, 2012 8:27am Mar 29, 2012 8:27am
Quoting DrDave
When I walk to the intersection, I always look left because the cars coming from the left side are closer to me. After I was run over in the middle of the crosswalk by a car from the right, I started checking that side, too.
Hahahahaha good one
  • #7,649
  • Mar 29, 2012 8:31am Mar 29, 2012 8:31am
Quoting DrDave
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
Hi Dave,

Interesting point. I just flicked over to an M5 chart on a couple of pairs and it made for some very interesting viewing.

More on this later...
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,650
  • Mar 29, 2012 8:31am Mar 29, 2012 8:31am
Quoting Alorente
Paradox, is it possible to change the H1 and H4 TMA size on the Info indi, to reflect a 3.0 ATR Multiplier instead of 2.0? That way the TMA Size will reflect the actual size shown on the screen. The M15 does not need to be changed, since that is at the 2.0 default on the chart.

Thanks.
Here is the info indicator with the properties you requested.
Attached File(s)
File Type: mq4 ExtremeTMAInfo.mq4   21 KB | 366 downloads
  • #7,651
  • Mar 29, 2012 8:31am Mar 29, 2012 8:31am
I think 2 of the most useful an underused words that we can implement are "What if...?"

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,652
  • Mar 29, 2012 8:31am Mar 29, 2012 8:31am
Quoting DrDave
Also, have you seen even 1 M5 HA candle with a top wick yet? If not, is it even possible that M15 could be turning up?

DrDave
When I wrote that post i was thinking about forming long entry not taking this trade at that moment
  • #7,653
  • Mar 29, 2012 8:34am Mar 29, 2012 8:34am
Quoting DrDave
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...
DrDave, great post and very interesting! A trade with no bars! lol I've never considered it and excellent if you can make it work!

About my TA quote - I really should have just said that learning more about the technical side can hinder more than help sometimes. For me sorting out my trading mentality was been the biggest help, not learning TA, that's all...

I agree that there's nothing at all wrong with learning more, just that continuous learning will not necessarily ensure your success...

Quote
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.

Spot on...
  • #7,654
  • Mar 29, 2012 8:35am Mar 29, 2012 8:35am
Quoting penet
When I wrote that post i was thinking about forming long entry not taking this trade at that moment
I understand, penet. I didn't even look to see about a valid setup forming. I just thew out some things that maybe you didn't consider when you started checking for a valid setup.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,655
  • Mar 29, 2012 8:40am Mar 29, 2012 8:40am
Quoting DrDave
I understand, penet. I didn't even look to see about a valid setup forming. I just thew out some things that maybe you didn't consider when you started checking for a valid setup.

DrDave
And you helped me because earlier I dont even consider watching 5m Tma to take trade on higher time frame
  • #7,656
  • Mar 29, 2012 8:40am Mar 29, 2012 8:40am
Quoting mogulmedia
I agree that there's nothing at all wrong with learning more, just that continuous learning will not necessarily ensure your success...

Quote:
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.

Spot on...
And even so, considering you are following and contributing to this thread, I conclude that you still look at TA ideas that are new to you.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,657
  • Mar 29, 2012 8:44am Mar 29, 2012 8:44am
Quoting Paradox
Here is the info indicator with the properties you requested.
Paradox, there is one little bug as one cannot adjust the "TMABandSizeH1" and "TMABandSizeH4" to 2.5 as we need for the low atr pairs. It is only possible to enter a round number. Could you adjust the indi, please?

Thank you.
  • #7,658
  • Mar 29, 2012 8:50am Mar 29, 2012 8:50am
Quoting Alorente
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.
Hi Al, thanks for the explanation. However, the rules on page 1 are;

Quote
1- We will first determine trend in the TMA by using the TMA Slope indicator value of the TF you are trading. Ranging TMA (-0.50 to 0.50): Trades can be placed in both directions.
(my highlighting above)

That's saying to me to check the TMA slope of lets say the 15M and if in Ranging levels trade both ways. It doesn't reflect your recent comment above.

Shouldn't there be somewhere in the rules on page 1;

Quoting Alorente
"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."
Just want to clarify. Thanks for your assistance, best regards.
  • #7,659
  • Mar 29, 2012 8:54am Mar 29, 2012 8:54am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting DrDave
And even so, considering you are following and contributing to this thread, I conclude that you still look at TA ideas that are new to you.

DrDave
If you have 2 different indicators that hit 80% correct when alone and then combine them together often you get a lower % correct because they don’t always agree at the same time, add another could be even less accurate indicators are tools just like measuring tapes and levels they confirm.
I do use indicators but only as confirmation after I detect a setup on a chart just my 2 cents.
Of all the things I've lost I miss my mind the most .
  • #7,660
  • Mar 29, 2012 8:54am Mar 29, 2012 8:54am
Quoting DrDave
And even so, considering you are following and contributing to this thread, I conclude that you still look at TA ideas that are new to you.

DrDave
Yeah definitely, I'm always lurking around here seeing what's going on!
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