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Extreme TMA System

  • #7,901
  • Apr 2, 2012 10:15am Apr 2, 2012 10:15am
feel better than before.

thanks a lot!
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  • #7,902
  • Apr 2, 2012 10:29am Apr 2, 2012 10:29am
Quoting mujtaba
I am confuse about rules can anyone plz explain with pic so I can and many new traders can also take benifit from this wonderful thread.
Mujtaba
This will help, read the guide Lorenzo created this for us

http://dl.dropbox.com/u/24076989/Ext...%20ENGLISH.pdf
Tracking the Specialists.
  • #7,903
  • Apr 2, 2012 10:31am Apr 2, 2012 10:31am
Quoting Nazif
Not to trade on Monday, to lose money!
You mean you, yourself, should not trade on Monday because you can't make money? Because I shorted GBPJPY at 132.69 about 5 hours ago and it hit my TP at 132.50. So what is the problem with Monday??

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,904
  • Apr 2, 2012 10:34am Apr 2, 2012 10:34am
Hello Frollollc other new members

The way I see it the TMA slope was in the SELL zone and the price was more or less at the upper 5M band. for me it was always a short trade especially when it cleared both the 200 EMA & the Coral. Also if you note the TMA lines are sloping down. I find the TMA Slope crucial to entering a trade. Also my chart seems to be different to yours and obviously I am looking at the situation much later. As Al says be careful especially around the FPV pivot level.

I have found personally I had to read page 1 rules carefully & many times to get the rules in my head. After which practice, practice on demo before going live.

Incidently AL & all the other great contributors to this thread, congratulations are in order. AL correct me if something is not right in what I say

Dedyal
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  • #7,905
  • Apr 2, 2012 10:40am Apr 2, 2012 10:40am
Dr Dave, Al, or anyone else wish to comment on the safety of trading on a Friday. Some use the term Freaky Friday because PA may be erratic on that day. Thanks for any comments.
  • #7,906
  • Apr 2, 2012 10:46am Apr 2, 2012 10:46am
Quoting bdedyal
Hello Frollollc other new members

Also my chart seems to be different to yours and obviously I am looking at the situation much later.

Dedyal
You are correct...the chart has repainted since the 5 min scalp entry that I posted. Additionally, I believe Al stated that the 5 min scalp strategy was unrelated to the TMA strategy and therefore the TMA lines and the TMA slope need not be considered for entry.
  • #7,907
  • Apr 2, 2012 10:47am Apr 2, 2012 10:47am
Hello

By the way I removed the Trix indicator to simplify the chart. Yes Dr Dave nothing wrong trading Monday (& for that matter Friday). I find Monday can be a day when you get very decent moves.

Dedyal
  • #7,908
  • Apr 2, 2012 10:56am Apr 2, 2012 10:56am
good setup for buy on eurcad
A good trader follows his rules, but great trader knows when to break them
  • #7,909
  • Apr 2, 2012 11:03am Apr 2, 2012 11:03am
Here is a current chart of a 5 min scalp that would have worked. The main difference I see as compared to my earlier attempt is that the 1st test is a higher low. The other trade had a 1st test that was an equal low (or even slightly lower). I'll watch for that the next time.....1st test must be a higher low.
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  • #7,910
  • Apr 2, 2012 11:05am Apr 2, 2012 11:05am
Quoting ill_be_back
good setup for buy on eurcad
I see sell range only? 15min eurcad?
  • #7,911
  • Apr 2, 2012 11:06am Apr 2, 2012 11:06am
Quoting maxss280
I see sell range only? 15min eurcad?
yes will wait till it turns to ranging
thanks
A good trader follows his rules, but great trader knows when to break them
  • #7,912
  • Apr 2, 2012 11:07am Apr 2, 2012 11:07am
9th trade of the day.All winner hopefully including this one
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  • #7,913
  • Apr 2, 2012 11:32am Apr 2, 2012 11:32am
Quoting bdedyal
Hello Frollollc other new members

The way I see it the TMA slope was in the SELL zone and the price was more or less at the upper 5M band. for me it was always a short trade especially when it cleared both the 200 EMA & the Coral. Also if you note the TMA lines are sloping down. I find the TMA Slope crucial to entering a trade. Also my chart seems to be different to yours and obviously I am looking at the situation much later. As Al says be careful especially around the FPV pivot level.

I have found personally I had to read page 1 rules carefully...
Yes. I agree with everything you said.
Observation is the path to discovery.
  • #7,914
  • Apr 2, 2012 11:35am Apr 2, 2012 11:35am
Quoting frollollc
You are correct...the chart has repainted since the 5 min scalp entry that I posted. Additionally, I believe Al stated that the 5 min scalp strategy was unrelated to the TMA strategy and therefore the TMA lines and the TMA slope need not be considered for entry.
It is true that I only mentioned those 2 rules, but scalping should always be done in the direction of the trend and with a careful eye on S/R lines, Coral and 200SMA as we have mentioned in many posts.
Observation is the path to discovery.
  • #7,915
  • Apr 2, 2012 11:36am Apr 2, 2012 11:36am
Quoting frollollc
Here is a current chart of a 5 min scalp that would have worked. The main difference I see as compared to my earlier attempt is that the 1st test is a higher low. The other trade had a 1st test that was an equal low (or even slightly lower). I'll watch for that the next time.....1st test must be a higher low.
Yes. Always be suspicious of a test that slightly breaks the low, especially if it seems to break a S/R line.
Observation is the path to discovery.
  • #7,916
  • Apr 2, 2012 11:51am Apr 2, 2012 11:51am
Sorry for this basic question:
The new packet.zip include 4 different templates. High Atr (small & large) Low Atr (small & large).
Could someone explain exactly and under which conditions when to use each of these templates ? Thanks in advance.
  • #7,917
  • Apr 2, 2012 11:53am Apr 2, 2012 11:53am
Quoting effluvium
Sorry for this basic question:
The new packet.zip include 4 different templates. High Atr (small & large) Low Atr (small & large).
Could someone explain exactly and under which conditions when to use each of these templates ? Thanks in advance.
read read read this question has been answered countless time
A good trader follows his rules, but great trader knows when to break them
  • #7,918
  • Apr 2, 2012 11:58am Apr 2, 2012 11:58am
Quoting ill_be_back
read read read this question has been answered countless time
As you may have noticed, I no longer answer questions that have been asked and answered repeatedly. In fact, if you see that I donīt answer a question, you can bet your bottom dollar that it has been answered many times and a simple search will take care of it.
Observation is the path to discovery.
  • #7,919
  • Apr 2, 2012 12:05pm Apr 2, 2012 12:05pm
In my tests with H1 bands the past few days, I have noticed that H1 slope values of -0.25 to +0.25 always end up going to the other H1 band. So far, It seems that price retests the band until the H1 channel is moving sideways, before the move to the other side.
Observation is the path to discovery.
  • #7,920
  • Apr 2, 2012 12:17pm Apr 2, 2012 12:17pm
Quoting Alorente
In my tests with H1 bands the past few days, I have noticed that H1 slope values of -0.25 to +0.25 always end up going to the other H1 band. So far, It seems that price retests the band until the H1 channel is moving sideways, before the move to the other side.
An example of this is GU. Since the band is above 0.25, price is stopping at center line and returning to the original band. Keep an eye on it. When H1 goes under 0.25, it most probably move to the bottom band.
Observation is the path to discovery.
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