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Extreme TMA System

  • #7,761
  • Mar 30, 2012 12:18pm Mar 30, 2012 12:18pm
Quoting Markillo
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??
Just look at the ATR on ExtremeTMA Info indi.
Observation is the path to discovery.
  • #7,762
  • Mar 30, 2012 12:20pm Mar 30, 2012 12:20pm
Hi Marnic
Please, what are the indicator arrows.
Thanks
Michaela




Quoting marnic
set alertsoncurrent to FALSE, this will alert you only after the candle closes
  • #7,763
  • Mar 30, 2012 12:21pm Mar 30, 2012 12:21pm
Quoting mchlpetrikov
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
I was using the rules on 5M and exiting at center line of the 5M TMA on that day. On several trades I pulled the trigger earlier if I saw price was stalling. I do not recommend using M5 charts unless you have years of experience with them. If you have little experience you should use H1 charts and exit at opposite band or before if you see price stalling at an S/R level or the Coral and 200 MA.
Observation is the path to discovery.
  • #7,764
  • Mar 30, 2012 12:56pm Mar 30, 2012 12:56pm
Quoting Alorente
No. I am trying out H4 this week, which means a trade may go for several days.
Hello Al, when you trade H4 do you use your last template with M15 H1 and H4 TMA and MTF analysis or only H4 TMA?

Thank you
Sabrina
  • #7,765
  • Mar 30, 2012 12:58pm Mar 30, 2012 12:58pm
Quoting sabrys5769
Hello Al, when you trade H4 do you use your last template with M15 H1 and H4 TMA and MTF analysis or only H4 TMA?

Thank you
Sabrina
I use the template that I placed in the packet file. I like to see all three TMAs. That helps me with the H4 entry. I make sure the M15 and H1 are ready for entry also. You can get extra pips that way.
Observation is the path to discovery.
  • #7,766
  • Mar 30, 2012 1:08pm Mar 30, 2012 1:08pm
Hey Al,i was gonna attempt trading 5 mins. Correct me if im wrong but you dont attempt recovery if the Higher Tf such as the 15 mins is moving in opposite direction? Do you attempt recovery when general trend is in your favor? And thirdly when you do not attempt recovery what is your SL?
  • #7,767
  • Mar 30, 2012 1:13pm Mar 30, 2012 1:13pm
Quoting grechmar
Hey Al,i was gonna attempt trading 5 mins. Correct me if im wrong but you dont attempt recovery if the Higher Tf such as the 15 mins is moving in opposite direction? Do you attempt recovery when general trend is in your favor? And thirdly if you do not attempt recovery whats is your SL?
I like to wait for M15 to be ranging before entering recovery. I treat it like a new trade. My SL is for emergency only at -100 pips. I cancel it when price gets close to it and I enter recovery instead, then I place it another -100 from the second entry.
Observation is the path to discovery.
  • #7,768
  • Mar 30, 2012 1:13pm Mar 30, 2012 1:13pm
Quoting Alorente
You should move to H1. It is much easier, with more time for entry and exit. Mistakes are much less likely.
Thank you Al I appreciate the recommendation.

Have a great weekend

Robert
  • #7,769
  • Mar 30, 2012 1:20pm Mar 30, 2012 1:20pm
Quoting Alorente
I like to wait for M15 to be ranging before entering recovery. I treat it like a new trade. My SL is for emergency only at -100 pips. I cancel it when price gets close to it and I enter recovery instead, then I place it another -100 from the second entry.
So, even for 5 min TF trades or scalps, you still attempt recovery?
  • #7,770
  • Mar 30, 2012 1:20pm Mar 30, 2012 1:20pm
Been using your tma system (somewhat modified for weeks now with good and also improving results. Only use 4 and 1 hr. 4hr is longer but much better at nailing end of move. I have had greater success also using divergence in MACD and CCI plus the TRIX for conformation. I am really please. Your TMA high frame slope gives me a great visual map of where the price is though. Thanks! Do you usually wait for at least trix to turn colors before placing your swing trade? seems logical
  • #7,771
  • Mar 30, 2012 1:23pm Mar 30, 2012 1:23pm
Having tried H4 trades all week, I donīt recommend you use it. You should only Use H4 or D1 if you cannot monitor your computer. The returns are so much smaller with these time frames that I donīt think it is worth it. There is also a high probability of price reversing before reaching the opposite band and thus making you lose the pips you had and leaving you feeling like a fool. This has happened to me 5 times this week. I could have made 500 pips and they all virtually disappeared due to price reversing. I committed to trading H4 the full week so I canīt wait for Monday where I go back to M15.

I like H1. You can get 2 or 3 trades a day with H1 and price gets to the other H1 band much more often than with H4 and the pip size is around 100 between the bands, which can allow you to average 100 to 150 pips a day normally. My favorite is still M15 to the opposite band. You get a lot more trades a day. Maybe 10 to 15 or so and with a TMA size of 40 to 50 pips, there are a lot of pips to be made and it is much more relaxed than M5.
Observation is the path to discovery.
  • #7,772
  • Mar 30, 2012 1:24pm Mar 30, 2012 1:24pm
Quoting grechmar
So, even for 5 min TF trades or scalps, you still attempt recovery?
Yes.
Observation is the path to discovery.
  • #7,773
  • Mar 30, 2012 1:25pm Mar 30, 2012 1:25pm
Also, I am stalking gbp/usd for a sell entry. Waiting for trix to turn red on 4hr and hopefully a break of that stubborn 1.5975 area that has rejected down move all day. Thoughts?
  • #7,774
  • Mar 30, 2012 1:26pm Mar 30, 2012 1:26pm
I have never tried 15min, might try that. thanks
  • #7,775
  • Mar 30, 2012 1:27pm Mar 30, 2012 1:27pm
Quoting willismd
Been using your tma system (somewhat modified for weeks now with good and also improving results. Only use 4 and 1 hr. 4hr is longer but much better at nailing end of move. I have had greater success also using divergence in MACD and CCI plus the TRIX for conformation. I am really please. Your TMA high frame slope gives me a great visual map of where the price is though. Thanks! Do you usually wait for at least trix to turn colors before placing your swing trade? seems logical
Yes. Fast Trix color change (Not Slow Trix) but not necessary to wait for close. Even if itīs a fraction of a second, thatīs good enough for me to pull the trigger.
Observation is the path to discovery.
  • #7,776
  • Mar 30, 2012 1:27pm Mar 30, 2012 1:27pm
Quoting mchlpetrikov
Hi Marnic
Please, what are the indicator arrows.
Thanks
Michaela
It's a MTF Heiken Ashi indicator set to only show arrows.
Attached File(s)
File Type: mq4 Heiken_Ashi MA T3-MTF-ArrowsONLY.mq4   12 KB | 626 downloads
  • #7,777
  • Mar 30, 2012 1:32pm Mar 30, 2012 1:32pm
Quoting willismd
Also, I am stalking gbp/usd for a sell entry. Waiting for trix to turn red on 4hr and hopefully a break of that stubborn 1.5975 area that has rejected down move all day. Thoughts?
Iīm short GU on H4. Been short all week waiting for the other band and so far not happening.
Observation is the path to discovery.
  • #7,778
  • Mar 30, 2012 1:42pm Mar 30, 2012 1:42pm
Hello teacher like me if he could explain whether operations of 15 m if we get into buying the slope I at least never lame +5 and green and if we have a divergence trix is better? thanks and best regards Xavier
  • #7,779
  • Mar 30, 2012 2:11pm Mar 30, 2012 2:11pm
Quoting Alorente
I committed to trading H4 the full week so I canīt wait for Monday where I go back to M15.
That kind of commitment, sticking with a discipline, even though in the back of your mind you're sure it is far from optimal, benefits us all with absolutely priceless knowledge. I know its only one week but it must of felt like torture. It is only through these trials that we truly discover the road to pursue.

I for one really do appreciate that.

M15 it is then. I too am looking forward to next week.
  • #7,780
  • Mar 30, 2012 2:24pm Mar 30, 2012 2:24pm
Quoting traveliron
That kind of commitment, sticking with a discipline, even though in the back of your mind you're sure it is far from optimal, benefits us all with absolutely priceless knowledge. I know its only one week but it must of felt like torture. It is only through these trials that we truly discover the road to pursue.

I for one really do appreciate that.

M15 it is then. I too am looking forward to next week.
For successful trade, the cold head is necessary, having closed the successful transaction, do not hasten, do not trade, calm down, differently you are waited by failure!!!I do not recommend studies in trade as a demo, open cent of an abacus is better!!!
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