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Extreme TMA System

  • #7,801
  • Mar 30, 2012 3:38pm Mar 30, 2012 3:38pm
Quoting Alorente
Here is a picture of what I just explained:

Remember, practice makes perfect.
Big AL,

Do you trade Assian Session with M5?
Follow me to the Promised Land
  • #7,802
  • Mar 30, 2012 3:39pm Mar 30, 2012 3:39pm
Quoting xlitang
Big AL,

Do you trade Assian Session with M5?
Of course you can, but Iīm sleeping during Asian session.
Observation is the path to discovery.
  • #7,803
  • Mar 30, 2012 3:43pm Mar 30, 2012 3:43pm
Quoting sabrys5769
Your short GU on H4 like my short EU are clearly counter trend trades, this is the reason why i go out when price has touched the coral line, i think that TMA system can work on H4 with more focus on coral line and 200 sma as exit and entry point.
If you are going to exit before the opposite band then whatīs the point of trading H4? It is better to trade a shorter time frame. The only reason I can see to trading H4 is if you can set a TP on the other band if you have to work or be away from the computer. If you can monitor the trade, M15 is much better.
Observation is the path to discovery.
  • #7,804
  • Mar 30, 2012 3:47pm Mar 30, 2012 3:47pm
Any insight as how to trade for M15 like you just did for M5 below??

----------------
1- Since you are looking for 10 to 20 pips, enter only after a move in the opposite direction of a 20 to 40 pips or more when fast Trix turns your color for a second (See Rule 2 below). From the moment you enter, your Close Order window is open, the pointer of the mouse is on the close button and your finger is ready.

2- Almost every move in M5 tests the bottom at least once. Never enter on the first reversal....
Follow me to the Promised Land
  • #7,805
  • Mar 30, 2012 3:49pm Mar 30, 2012 3:49pm
Quoting xlitang
Any insight as how to trade for M15 like you just did for M5 below??

----------------
1- Since you are looking for 10 to 20 pips, enter only after a move in the opposite direction of a 20 to 40 pips or more when fast Trix turns your color for a second (See Rule 2 below). From the moment you enter, your Close Order window is open, the pointer of the mouse is on the close button and your finger is ready.

2- Almost every move in M5 tests the bottom at least once. Never enter on the first reversal....
No, for M15 or higher, follow the rules on Post 1.
Observation is the path to discovery.
  • #7,806
  • Edited Mar 31, 2012 3:09am Mar 30, 2012 4:08pm | Edited Mar 31, 2012 3:09am
Quoting Alorente
2 other critical factors in M5. Remember first of all what your aim is: 10 to 20 pips. Donīt be tempted to land the big winner in M5.

1- Since you are looking for 10 to 20 pips, enter only after a move in the opposite direction of a 20 to 40 pips or more when fast Trix turns your color for a second (See Rule 2 below). From the moment you enter, your Close Order window is open, the pointer of the mouse is on the close button and your finger is ready.

2- Almost every move in M5 tests the bottom at least once. Never enter on the first...
From the trades you uploaded i noticed that most trades you close for less than 10 pips never more than 15. and does the rules above apply for all currencies or do you ahve prefered ones like eu or gu?

EDIT: : I saw the pic Ever E. Man attached.Just wandering why remove the 15m dotted bands? And do you know how i can move the S/R lines to fit the whole chart, mine are kinda stuck at the last 1/4 of the chart, barely visible.
  • #7,807
  • Mar 30, 2012 4:11pm Mar 30, 2012 4:11pm
Quoting Alorente
Here is a picture of what I just explained:

Remember, practice makes perfect.

Working on a computer infection, so haven't had much time for the thread.
But the thing that jumps out at me about this chart is how perfectly the blue line is first support and then resistance.
Is it part of the M15 TMA? 1H?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M5.JPG Size: 127 KB
The mind thinks, the heart knows...
  • #7,808
  • Edited 4:30pm Mar 30, 2012 4:18pm | Edited 4:30pm
Quoting Ever E. Man
Working on a computer infection, so haven't had much time for the thread.
But the thing that jumps out at me about this chart is how perfectly the blue line is first support and then resistance.
Is it part of the M15 TMA? 1H?
Also, your 40 pip drop looks a little larger than your 50 pip drop.
I know, it's just an example, and a good one!
Thanks!
The mind thinks, the heart knows...
  • #7,809
  • Edited Mar 31, 2012 3:02am Mar 30, 2012 4:19pm | Edited Mar 31, 2012 3:02am
Quoting Alorente
If you are going to exit before the opposite band then whatīs the point of trading H4? It is better to trade a shorter time frame. The only reason I can see to trading H4 is if you can set a TP on the other band if you have to work or be away from the computer. If you can monitor the trade, M15 is much better.
The point is not which Time frame i trade, i choose H4 because i work, the point is to find some entries and exits that allow not to lose many pips when price reversing before reaching the opposite band. I don't know if i explained my thoughts very well.....
  • #7,810
  • Edited Mar 31, 2012 3:25am Mar 30, 2012 4:47pm | Edited Mar 31, 2012 3:25am
Here is my chart and potential trades, tell me if im correct so i know im on the right track please. When you are in a move do you wait it to re test bottom before closing as i did with trade C? And it seems as price sometimes test top twice? tkx a lot for your time and patience

You can see my S/R levels on the right side cannot move them.
EDIT:On second thoughts i would not have closed A/B at centre line since the move appeared it could go till the bottom band. Perhaps its better to take it as a rule to exit at centre line than what i did with trade C.

Attached Image (click to enlarge)
Click to Enlarge Name: 5m scalping.jpg Size: 287 KB
  • #7,811
  • Mar 30, 2012 4:48pm Mar 30, 2012 4:48pm
Well, looks like Al called it a week and went to get some much-deserved rest.

Rest well, old friend! Monday begins another week of repeating yourself 20 times a day!

I'm going to follow suite. As Jimmy Durante used to say, "Good night Miss Calabash, wherever you are." (Yes, I'm old, and you will be too one of these days, if you're lucky! By the way those dinosaurs weren't nearly as big as people say, at least not the ones that I saw! ;^)

To all the fine traders on this thread, "May your days be merry and bright, and may all your trades be winners by next Friday night!"
The mind thinks, the heart knows...
  • #7,812
  • Mar 30, 2012 5:27pm Mar 30, 2012 5:27pm
[quote=Ever E. Man;5529148] "Good night Miss Calabash, wherever you are."

Wasn't that Mrs. Calabash? (If memory serves...) lol
  • #7,813
  • Mar 30, 2012 5:28pm Mar 30, 2012 5:28pm
Quoting Ever E. Man
Well, looks like Al called it a week and went to get some much-deserved rest.

Rest well, old friend! Monday begins another week of repeating yourself 20 times a day!

I'm going to follow suite. As Jimmy Durante used to say, "Good night Miss Calabash, wherever you are." (Yes, I'm old, and you will be too one of these days, if you're lucky! By the way those dinosaurs weren't nearly as big as people say, at least not the ones that I saw! ;^)

To all the fine traders on this thread, "May your days be merry and bright, and may all...
Well said my friend, gn and gl!
  • #7,814
  • Mar 31, 2012 2:16am Mar 31, 2012 2:16am
[quote=mary4x;5529180]
Quoting Ever E. Man
"Good night Miss Calabash, wherever you are."

Wasn't that Mrs. Calabash? (If memory serves...) lol
You're right, of course! Been a while, eh? Tks 4 the memories!
The mind thinks, the heart knows...
  • #7,815
  • Mar 31, 2012 4:08am Mar 31, 2012 4:08am
Quoting grechmar
From the trades you uploaded i noticed that most trades you close for less than 10 pips never more than 15. and does the rules above apply for all currencies or do you ahve prefered ones like eu or gu?

EDIT: : I saw the pic Ever E. Man attached.Just wandering why remove the 15m dotted bands? And do you know how i can move the S/R lines to fit the whole chart, mine are kinda stuck at the last 1/4 of the chart, barely visible.
Trading on M5 apply to any pair, metals, stocks, etc.

You can change the inputs in the Pivots indi to make the lines visible across the entire chart.
Observation is the path to discovery.
  • #7,816
  • Mar 31, 2012 4:11am Mar 31, 2012 4:11am
Quoting Ever E. Man
Working on a computer infection, so haven't had much time for the thread.
But the thing that jumps out at me about this chart is how perfectly the blue line is first support and then resistance.
Is it part of the M15 TMA? 1H?
The Blue line is the 200MA. Yes. It acts as resistance and support.

This chart refers to my method of 5M scalping. We were talking last night about how to do this. Read the previous posts and youīll see.

This is separate from the 15M ExtremeTMA system.
Observation is the path to discovery.
  • #7,817
  • Mar 31, 2012 4:13am Mar 31, 2012 4:13am
Quoting sabrys5769
The point is not which Time frame i trade, i choose H4 because i work, the point is to find some entries and exits that allow not to lose many pips when price reversing before reaching the opposite band. I don't know if i explained my thoughts very well.....
Yes. I know you use H4 because you work. You explained yourself very well.
Observation is the path to discovery.
  • #7,818
  • Mar 31, 2012 4:17am Mar 31, 2012 4:17am
Quoting grechmar
Here is my chart and potential trades, tell me if im correct so i know im on the right track please. When you are in a move do you wait it to re test bottom before closing as i did with trade C? And it seems as price sometimes test top twice? tkx a lot for your time and patience

You can see my S/R levels on the right side cannot move them.
EDIT:On second thoughts i would not have closed A/B at centre line since the move appeared it could go till the bottom band. Perhaps its better to take it as a rule to exit at centre line than what i did with...
Your trades are ok. Donīt wait for a retest to exit. Exit when fast trix changes color. Just follow the rules I wrote yesterday and you will be ok. Yes. Many times tops and bottoms are tested several times.
Observation is the path to discovery.
  • #7,819
  • Mar 31, 2012 5:49am Mar 31, 2012 5:49am
Al - looking at your M5 chart there doesn't appear to be any TMA lines at all - do you completely disregard those for your scalping method, preferring to use Trix instead ??
  • #7,820
  • Mar 31, 2012 6:40am Mar 31, 2012 6:40am
Quoting Alorente
2 other critical factors in M5. Remember first of all what your aim is: 10 to 20 pips. Donīt be tempted to land the big winner in M5.

1- Since you are looking for 10 to 20 pips, enter only after a move in the opposite direction of a 20 to 40 pips or more when fast Trix turns your color for a second (See Rule 2 below). From the moment you enter, your Close Order window is open, the pointer of the mouse is on the close button and your finger is ready.

2- Almost every move in M5 tests the bottom at least once. Never enter on the first reversal....
Hola Alfredo;

With this strategy in 5 minutes, the recovery is also at -100 pips ?.

Un saludo
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