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Extreme TMA System

  • #7,741
  • Mar 30, 2012 8:38am Mar 30, 2012 8:38am
Quoting dorellino
Hi Paradox, it is actually happening many times ( 20, 30, 40) especially if you get the alert via mail and I'm talking about the 1hr bands not even the 15min.
Thx
Max
set alertsoncurrent to FALSE, this will alert you only after the candle closes
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  • #7,742
  • Mar 30, 2012 8:42am Mar 30, 2012 8:42am
Hi Al, can you tell me how you can reach your fabolous monthly return.
Today I was doing some jogging and started making some calculation, and here thay are.
I already asked you something similar but some of your posts here and there got some doubts...

You make let's say averagely 150 pips per day
You use 4% of your capital, which turns out that out of 100k ideal account your position will be 4k ($ 0.4 per pip)
This will turn into a gain of $60 dollars (150 pip x $0.4) per day, $350 per week, $1400 per month, $16800 per year. In other words 16.8% return per year which is still something but not the %75 per month that you once said.

So, since the above example is not our case, in order to reach at least 50% per month, which is incredible, with the same account of 100k we should use a position size 35 times bigger the 4k, or in other words 140k ($14 per pip) .
Which is still very conservative because we are talking of a bit more than 1:1 ratio between account and trades size.
So given your ideal 100k account what is your average trade size? One lot and a bit more?
Problem still is producig 150 pips per day......at least for me.
Thanks thanks thanks for your patience!! Have a good we
Max
  • #7,743
  • Mar 30, 2012 8:44am Mar 30, 2012 8:44am
Quoting marnic
set alertsoncurrent to FALSE, this will alert you only after the candle closes
Love you!
Thanks you made my day! How stupid I did not see that...
Have a great we
Max
  • #7,744
  • Mar 30, 2012 8:47am Mar 30, 2012 8:47am
Quoting dorellino
Love you!
Thanks you made my day! How stupid I did not see that...
Have a great we
Max
Actually I did not see it because on the ExtremeTMALine indi there is not such a parameter, I will use the one you showed me. Thanks again
M
  • #7,745
  • Mar 30, 2012 8:49am Mar 30, 2012 8:49am
Quoting Surfnomad
I only trade 2 pairs EUR/USD & AUD/USD and watch M1, M5, M15 & H1 for each pair on 2 large flat screens. I trade which ever one looks better with regard to PA & where price is in relationship to the various TF bands and the fibs I draw. It requires a lot of focus, patience and discipline. I don't get mad if I miss an opportunity and never chase a trade I just wait for the next bus so to speak. Don't get me wrong I have had DDs of 7,8,9 pips but there are trades where I have virtually no DD so my average is actually 4.1 pips. I base my trades on...
Thank you Robert for that info. I'm trying my best with the M1,M5, but I'm far from successful yet. I'm still missing something somewhere and need all the help I can get. I traded the M15 2 weeks ago and had success 18 out of 20, and I still bragged about it here, but I could not repeat that success again. Its like I'm struggeling now...... and the current program and latest indicators should give me an bigger advantage.....
Thats why I'm looking at lower TF's also, because I'm currently not moving forward.
Are u using the standard indicators here? Any bit of advice will help.
Thank you.
  • #7,746
  • Edited 9:02am Mar 30, 2012 8:51am | Edited 9:02am
Quoting Alorente
I like it.
Hi Al, you mentioned you liked this trade GBPUSD short. I need some clarification please.

H1 and H4 are both pointing up. I believe this would make it an uptrend. If going short here wouldn't that make it a counter trend trade?

I thought you said don't go against h1 slope and also that you don't counter trend trade as a lesson you learned years ago?

I could have misinterpreted so I just need clarification so I trade proper going forward. Thanks. Best regards.
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  • #7,747
  • Mar 30, 2012 9:34am Mar 30, 2012 9:34am
Quoting Riddermark
Hi Al, you mentioned you liked this trade GBPUSD short. I need some clarification please.

H1 and H4 are both pointing up. I believe this would make it an uptrend. If going short here wouldn't that make it a counter trend trade?

I thought you said don't go against h1 slope and also that you don't counter trend trade as a lesson you learned years ago?

I could have misinterpreted so I just need clarification so I trade proper going forward. Thanks. Best regards.

Hi Riddermark - I see the uptrend has exhausted quite a bit. I have the 3 TMA's on my chart, 15M, 1H, & 4H and all bands seems relatively flat...as compared with the uptrend to the far left of the chart.

On a different note: I just dropped down to the 15M chart and noticed how the 1H bands are pointing in the opposite direction, kind of like bollinger bands. An interesting nuance in the indicator.

Have a nice weekend...

Gina
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  • #7,748
  • Mar 30, 2012 9:40am Mar 30, 2012 9:40am
Quoting Alorente
Yes. Most definitely. I see 1.26 by the end of April and 1.17 by mid summer.
Earleir on, you said you wanted to stay in the trade so as not to miss the big move down. So do you expect PA to move some 200 pips down in a small amount of time(hours)?
  • #7,749
  • Mar 30, 2012 9:41am Mar 30, 2012 9:41am
Quoting jucaorma
what you thinking FOREX GIRL ?
I think is too late to post my opinion....But, Iīd sell it. (Was That your question?)

Bye
If I Change, the whole World changes!
  • #7,750
  • Mar 30, 2012 9:43am Mar 30, 2012 9:43am
Quoting normtold
Alorente do you still feel the Gbp/Usd is heading down significantly like in post 5939 on page 396?

http://www.forexfactory.com/showthre...43533&page=396
Yes. It should revisit the bottom H4 band in the coming days.
Observation is the path to discovery.
  • #7,751
  • Mar 30, 2012 9:45am Mar 30, 2012 9:45am
Quoting napalm
Great thread and many thanks . I am a bit uclear as to which template to use is there any explanation of when to use each one please.
High ATR templates for ATR above 70. Low ATR templates below ATR 70.
Observation is the path to discovery.
  • #7,752
  • Mar 30, 2012 10:02am Mar 30, 2012 10:02am
Quoting dorellino
Hi Al, can you tell me how you can reach your fabolous monthly return.
Today I was doing some jogging and started making some calculation, and here thay are.
I already asked you something similar but some of your posts here and there got some doubts...

You make let's say averagely 150 pips per day
You use 4% of your capital, which turns out that out of 100k ideal account your position will be 4k ($ 0.4 per pip)
This will turn into a gain of $60 dollars (150 pip x $0.4) per day, $350 per week, $1400 per month, $16800 per year. In other words 16.8%...
I have detailed this in several posts, but here it goes again:

I use 50:1 leverage with a maximum of 50% of the account invested at any given time. 6% maximum per position or roughly 8 positions maximum at a time if I am not in recovery. Each Recovery counts as an additional position. My best returns are obtained using 5M charts and trading 12 hours a day for a 230 pip average per day. My average winners are 92% with 30 to 40 trades per day and 10 to 20 pips. This is very tiring though and I donīt recommend it.

I definitely am not getting these returns since I started the thread for obvious reasons, one of them being that I am trying longer time frames, Currently H4, to see how well they work with this system.

Below are the results of 3/7 on this thread when I posted the trades real time several times during the day. I ended the day with a 12.2% return. I was using a 10,000 euro account and trading 1 lot per position.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #7,753
  • Mar 30, 2012 10:04am Mar 30, 2012 10:04am
Al,
EURJPY setting up for a short...what do you think? Thanks.
  • #7,754
  • Mar 30, 2012 10:08am Mar 30, 2012 10:08am
Quoting Alorente
I am testing it today. If everything works properly, I will post it tomorrow.
Thank you! Master!!!
  • #7,755
  • Mar 30, 2012 10:08am Mar 30, 2012 10:08am
Quoting interbucks
Thank you Robert for that info. I'm trying my best with the M1,M5, but I'm far from successful yet. I'm still missing something somewhere and need all the help I can get. I traded the M15 2 weeks ago and had success 18 out of 20, and I still bragged about it here, but I could not repeat that success again. Its like I'm struggeling now...... and the current program and latest indicators should give me an bigger advantage.....
Thats why I'm looking at lower TF's also, because I'm currently not moving forward.
Are u using the standard indicators here?...
You should move to H1. It is much easier, with more time for entry and exit. Mistakes are much less likely.
Observation is the path to discovery.
  • #7,756
  • Mar 30, 2012 10:11am Mar 30, 2012 10:11am
Quoting Riddermark
Hi Al, you mentioned you liked this trade GBPUSD short. I need some clarification please.

H1 and H4 are both pointing up. I believe this would make it an uptrend. If going short here wouldn't that make it a counter trend trade?

I thought you said don't go against h1 slope and also that you don't counter trend trade as a lesson you learned years ago?

I could have misinterpreted so I just need clarification so I trade proper going forward. Thanks. Best regards.
Both H1 and H4 are ranging, under 0.50. What I said was not to trade against H1 or H4 if either is against you, meaning above 0.50 for a short or below -0.50 for a long.
Observation is the path to discovery.
  • #7,757
  • Mar 30, 2012 10:13am Mar 30, 2012 10:13am
Quoting grechmar
Earleir on, you said you wanted to stay in the trade so as not to miss the big move down. So do you expect PA to move some 200 pips down in a small amount of time(hours)?
No. I am trying out H4 this week, which means a trade may go for several days.
Observation is the path to discovery.
  • #7,758
  • Mar 30, 2012 10:15am Mar 30, 2012 10:15am
Quoting domino01
Al,
EURJPY setting up for a short...what do you think? Thanks.
Yes. I agree with you. Wait for a red Heiken Ashi candle and a Red Fast Trix before you pull the trigger. R1 looks like a good spot to short.
Observation is the path to discovery.
  • #7,759
  • Mar 30, 2012 10:16am Mar 30, 2012 10:16am
I had such a big trouble with my computer and I lost some information can someone please post again the witch pairs are HIGH ATR and LOW ATR??
  • #7,760
  • Mar 30, 2012 10:17am Mar 30, 2012 10:17am
Hi
Wow, excellent.
I tried this strategy, but I do not understand it. I do not understand when I buy/sell. Sorry my english.
Michaela

Quoting Alorente
I have detailed this in several posts, but here it goes again:

I use 50:1 leverage with a maximum of 50% of the account invested at any given time. 6% maximum per position or roughly 8 positions maximum at a time if I am not in recovery. Each Recovery counts as an additional position. My best returns are obtained using 5M charts and trading 12 hours a day for a 230 pip average per day. My average winners are 92% with 30 to 40 trades per day and 10 to 20 pips. This is very tiring though and I donīt recommend it.

I definitely am not getting these...
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