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Extreme TMA System

  • #7,921
  • Apr 2, 2012 10:20am Apr 2, 2012 10:20am
short audusd at 1.04276
A good trader follows his rules, but great trader knows when to break them
  • #7,922
  • Apr 2, 2012 10:20am Apr 2, 2012 10:20am
Quoting frollollc
Here is a current chart of a 5 min scalp that would have worked.
Frollollc, what U.S. time zone are you in? I'm Pacific Coast.
  • #7,923
  • Apr 2, 2012 10:22am Apr 2, 2012 10:22am
Hi Al, what would be your favourite time-frame/chart to trade the Extreme TMA method so far, if you were to trade it each day? Thanks!

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.
Tracking the Specialists.
  • #7,924
  • Apr 2, 2012 10:27am Apr 2, 2012 10:27am
Quoting Connected
Hi Al, what would be your favourite time-frame/chart to trade the Extreme TMA method so far, if you were to trade it each day? Thanks!
M15 to the opposite band, but keeping the trade open for the distinct possibility of going to the H1 band, unless I see Fast Trix change color. The reason I pick M15 is because I get a lot more trade opportunities. I no longer exit at center line of the M15 channel. I wait for the other band. I havenīt noticed whether some times of day are better than others. All seem to be working very well, especially when the trade is placed beyond both the M15 and H1 band.
Observation is the path to discovery.
  • #7,925
  • Apr 2, 2012 10:30am Apr 2, 2012 10:30am
Quoting Alorente
M15 to the opposite band, but keeping the trade open for the distinct possibility of going to the H1 band, unless I see Fast Trix change color. The reason I pick M15 is because I get a lot more trade opportunities. I no longer exit at center line of the M15 channel. I wait for the other band. I havenīt noticed whether some times of day are better than others. All seem to be working very well, especially when the trade is placed beyond both the M15 and H1 band.
It also seems that trades that overlap the M15 band by 15 pips or more, give better results than those that just touch the band.
Observation is the path to discovery.
  • #7,926
  • Apr 2, 2012 10:31am Apr 2, 2012 10:31am
I'm currently long on USD/CAD, USD/JPY and EUR/GBP based on 1 hour TF. My first go at this timeframe. All in range on 1 hr with plenty of empty space in the 4hr TMA for the price to travel.

I think I'll be leaving these to play out overnight - something I'm not used to!

  • #7,927
  • Apr 2, 2012 10:32am Apr 2, 2012 10:32am
Quoting los_pipos
I'm currently long on USD/CAD, USD/JPY and EUR/GBP based on 1 hour TF. My first go at this timeframe. All in range on 1 hr with plenty of empty space in the 4hr TMA for the price to travel.

I think I'll be leaving these to play out overnight - something I'm not used to!

If you leave it overnight, donīt forget to set the TP or use the Cavemanager.
Observation is the path to discovery.
  • #7,928
  • Apr 2, 2012 10:33am Apr 2, 2012 10:33am
Quoting mary4x
Frollollc, what U.S. time zone are you in? I'm Pacific Coast.
I live in New York State in the Eastern time zone. My brokers server is on London time, so that is what my charts will say.
  • #7,929
  • Apr 2, 2012 10:35am Apr 2, 2012 10:35am
Quoting los_pipos
I'm currently long on USD/CAD, USD/JPY and EUR/GBP based on 1 hour TF. My first go at this timeframe. All in range on 1 hr with plenty of empty space in the 4hr TMA for the price to travel.

I think I'll be leaving these to play out overnight - something I'm not used to!

EurGbp is OK, but the other two are Sell Only on M15 and will need the M15 TMA to get into the Range before they move up.
Observation is the path to discovery.
  • #7,930
  • Apr 2, 2012 10:39am Apr 2, 2012 10:39am
Quoting Alorente
EurGbp is OK, but the other two are Sell Only on M15 and will need the M15 TMA to get into the Range before they move up.
Ah! I thought the 15min trend wasn't so relevant when looking at the 1hr TF. My bad, thanks for looking Al.
  • #7,931
  • Apr 2, 2012 10:44am Apr 2, 2012 10:44am
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.
Two perfect setups this morning on H1 TF EJ and UJ short, both hit the lower band... i don't noticed the slope value but next time i keep an eye on it...... i'm thinking about changing TF to trade....
  • #7,932
  • Apr 2, 2012 10:49am Apr 2, 2012 10:49am
Quoting los_pipos
I'm currently long on USD/CAD, USD/JPY and EUR/GBP based on 1 hour TF. My first go at this timeframe. All in range on 1 hr with plenty of empty space in the 4hr TMA for the price to travel.

I think I'll be leaving these to play out overnight - something I'm not used to!

I'll stick my neck out here and say that it looks to me like USDCAD probably won't make it to the top band unless the band drops quite a bit. I think price is likely to reach only about 0.996 or possibly 0.998, then resume the down move. Check again in about 8-10 hours and see what has unfolded.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,933
  • Apr 2, 2012 10:59am Apr 2, 2012 10:59am
Quoting Alorente
It also seems that trades that overlap the M15 band by 15 pips or more, give better results than those that just touch the band.
Interesting! these are the ones to look for, thanks Al
Tracking the Specialists.
  • #7,934
  • Apr 2, 2012 11:00am Apr 2, 2012 11:00am
Quoting DrDave
I'll stick my neck out here and say that it looks to me like USDCAD probably won't make it to the top band unless the band drops quite a bit. I think price is likely to reach only about 0.996 or possibly 0.998, then resume the down move. Check again in about 8-10 hours and see what has unfolded.

DrDave
Thanks fo the input pal. I actually put my TP at 0.998 just because of the psych 1.0 value. Looking at the bigger picture, CAD does seem to be making lower highs over the past 7 days and that trend line would come in just under 1.0 also.

Is your opinion based on technicals?
  • #7,935
  • Apr 2, 2012 11:19am Apr 2, 2012 11:19am
Quoting los_pipos
Thanks fo the input pal. I actually put my TP at 0.998 just because of the psych 1.0 value. Looking at the bigger picture, CAD does seem to be making lower highs over the past 7 days and that trend line would come in just under 1.0 also.

Is your opinion based on technicals?
Yes.
First, just look back on H1 to the prior low. I see about 0.996. Back to the one before that is about 0.995. Now check the area of the high between those lows. About 0.975, isn't it?

And let's not leave out Fib retracments that people are watching. 50% ~0.995, 62% ~0.996, 80% ~0.9975

See how the prior highs and lows are matching up with the Fib retracement values? If you have a group of traders looking for action around the prior highs and lows and another group looking at Fib retracement levels and the 2 groups of traders are seeing the same numbers, don't you think that will make those signifant levels to be watching?

(I also have another technical system that tells me "time is up" for H1's down leg, so it can now start a rally. But unless the bulls get carried away on the rally and turn it into a reversal, there must be another down leg after the rally.)

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,936
  • Apr 2, 2012 11:31am Apr 2, 2012 11:31am
Quoting DrDave
Yes.
First, just look back on H1 to the prior low. I see about 0.996. Back to the one before that is about 0.995. Now check the area of the high between those lows. About 0.975, isn't it?

And let's not leave out Fib retracments that people are watching. 50% ~0.995, 62% ~0.996, 80% ~0.9975

See how the prior highs and lows are matching up with the Fib retracement values? If you have a group of traders looking for action around the prior highs and lows and another group looking at Fib retracement levels and the 2 groups of traders are seeing...
Insightful. Thanks for the post.
  • #7,937
  • Apr 2, 2012 11:40am Apr 2, 2012 11:40am
are these GJ, EJ, UJ ready for long yet??
Follow me to the Promised Land
  • #7,938
  • Apr 2, 2012 11:54am Apr 2, 2012 11:54am
Quoting Alorente
It also seems that trades that overlap the M15 band by 15 pips or more, give better results than those that just touch the band.
This is what I meant in my previous post about the tmatrue curve...
  • #7,939
  • Apr 2, 2012 12:04pm Apr 2, 2012 12:04pm
Thank you kindly

Quoting Alorente
M15 to the opposite band, but keeping the trade open for the distinct possibility of going to the H1 band, unless I see Fast Trix change color. The reason I pick M15 is because I get a lot more trade opportunities. I no longer exit at center line of the M15 channel. I wait for the other band. I havenīt noticed whether some times of day are better than others. All seem to be working very well, especially when the trade is placed beyond both the M15 and H1 band.
Tracking the Specialists.
  • #7,940
  • Apr 2, 2012 12:38pm Apr 2, 2012 12:38pm
Al would you mind updating the post on first page when you get the chance?It's hard to find and follow the rules in such a fast-moving thread.Thanks in advance.
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