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Extreme TMA System

  • #7,941
  • Apr 2, 2012 2:56pm Apr 2, 2012 2:56pm
Quoting xlitang
are these GJ, EJ, UJ ready for long yet??
Not until they are ranging in M15. Another few hours.
Observation is the path to discovery.
  • #7,942
  • Apr 2, 2012 2:58pm Apr 2, 2012 2:58pm
Quoting eremix
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.
I´ll review the wording and adjust them if necessary. I think they are pretty clear, though.
Observation is the path to discovery.
  • #7,943
  • Apr 2, 2012 3:04pm Apr 2, 2012 3:04pm
I ve been waiting for some signals ussing the new dashboard and i havent gotten, Im trying to get some pips scalping in the 5m have only gotten one signal today!!

has someone had good trades today???
  • #7,944
  • Edited 3:44pm Apr 2, 2012 3:37pm | Edited 3:44pm
Hola Alfredo,

I have a few quick questions regarding the new dashboard and how you decide to take the signals. In an earlier response to Sabry, it sounds like a signal is not given until all of the rules are met plus a couple of filters like Fast Trix.

If the one higher time frame is between -.50 and .50 (ranging by our definition), is the dashboard signal alone enough to put you in a trade? Or do you look for other confirmations? If so, what else do you look at? Do you wait until candle close?

I realize that trades 15-20 pips beyond the bands are preferred, but we get signals that are only 3-5 pips beyond the bands. In your opinion, are these valid signals?

And two follow-up questions: Do you take all valid signals, assuming you have not exceeded your maximum allowed number of trades (six I believe)? Do you only take valid trades on M15 or do you also take MTF signals?

Thank you in advance.

William
may you find what you seek and trade what you find
  • #7,945
  • Apr 2, 2012 3:57pm Apr 2, 2012 3:57pm
today others +100 pips in eurjpy...

thanks for the indis again, AL,
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,946
  • Apr 2, 2012 4:37pm Apr 2, 2012 4:37pm
usd/jpy and usd/cad pending longs on ranging signal?


Al, thanks for your work again. Made some good trades today in 15 min. I think it the best time frame. I think the trix is an amazing addition
  • #7,947
  • Apr 2, 2012 4:53pm Apr 2, 2012 4:53pm
Quoting Favorite
PipMonster1, don't use your template for this! Open a new, clean chart, install ExtremeTMA and don't add any other indicators!
Thanks Favorite - I'll try that.

PipM
  • #7,948
  • Apr 2, 2012 4:54pm Apr 2, 2012 4:54pm
Quoting Alorente
You need build 409 or higher to run the Dashboard.
Thanks Alorente - updates here we come................
  • #7,949
  • Apr 2, 2012 9:45pm Apr 2, 2012 9:45pm
Last night I left an EJ short trade open, with no SL or TP. And, for my surprise, when I got back from work today, I closed it for a VERY NICE +144 pips of profit. HOW COOL IS THAT ? Please note I'm still demo trading, but that's one more step to build my confidence prior to going live.

Also, you guys may want to check this article. "Unkle Al" seems to be right again !

Forecast: EUR/USD to Fall to 1.15 in First Half of 2012 http://www.dailyfx.com/forex/fundame..._for_2012.html
  • #7,950
  • Apr 2, 2012 9:54pm Apr 2, 2012 9:54pm
Quote
Please note I'm still demo trading, but that's one more step to build my confidence prior to going live.
Please note, you can´t build confidence leave open trade without any protection
You make that only becuase you are in demo.
Is better for you and your money, make the "same" you will do with real money.
If not you are gambling.
  • #7,951
  • Apr 2, 2012 10:02pm Apr 2, 2012 10:02pm
Quoting successlife
Please note, you can´t build confidence leave open trade without SL.
You make that only becuase you are in demo.
Is better for you and your money, make the "same" you will do with real money.
Hi successlife, thanks for advising. Sorry, I forgot to mention that I did leave a pending short order (same lot size) 100 pips away (up) from the entry point. I did not leave any SL, but the pending order for Recovery instead, as per Al's instructions.

Anyway, thanks for pointing that out. I would NEVER enter a trade without any sort of plan (in this case, it's the recovery method in case things go wrong).

Thanks once again ! It's been a great experience to have experienced traders guiding us.
  • #7,952
  • Apr 2, 2012 10:15pm Apr 2, 2012 10:15pm
good condition to enter buying in eurjpy.

http://i39.tinypic.com/33p565i.jpg

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,953
  • Apr 2, 2012 10:40pm Apr 2, 2012 10:40pm
Quoting tnavi
good condition to enter buying in eurjpy.

http://i39.tinypic.com/33p565i.jpg

regards!
my sense tells me to wait for a short while.... buying low.
Bull chaser.......Bulldog & Bulldozer.
  • #7,954
  • Apr 3, 2012 12:50am Apr 3, 2012 12:50am
Can anyone post the entry with pic plz
Mujtaba
  • #7,955
  • Apr 3, 2012 2:46am Apr 3, 2012 2:46am
Quoting Alorente
As you may have noticed, I no longer answer questions that have been asked and answered repeatedly. In fact, if you see that I don´t 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.
Al, allow me to make a suggestion.
Should not be easier to simply write the reason for the two templates on page one, rather than driving people and you mad with this question?
Anyway, I'll answer to Effluvium: you will swithch tpl according to the atr value, if atr >70 you will use the high atr tpl.
Atr is a value that is showed on the info on the chart
Thx
Max
  • #7,956
  • Apr 3, 2012 3:16am Apr 3, 2012 3:16am
Quoting zamri
my sense tells me to wait for a short while.... buying low.
Japanese bank Nomura has apparently issued a trade recommendation selling EUR/JPY at 109.50 with a target of 106.00 and a stop at 111.00.
Reasons for the trade are cited as all the latest factors for the rise are running out of steam, such as US Treasury yields, recent BOJ easing and lack of improving data in the Eurozone
EUR/JPY’s sitting at 109.53


be careful
  • #7,957
  • Apr 3, 2012 3:17am Apr 3, 2012 3:17am
Given the position of the Coral in relation to the 200 MA for both GJ & EJ , is a short signal setting up?
  • #7,958
  • Apr 3, 2012 3:38am Apr 3, 2012 3:38am
Quoting faxxion
Hola Alfredo,

I have a few quick questions regarding the new dashboard and how you decide to take the signals. In an earlier response to Sabry, it sounds like a signal is not given until all of the rules are met plus a couple of filters like Fast Trix.

If the one higher time frame is between -.50 and .50 (ranging by our definition), is the dashboard signal alone enough to put you in a trade? Or do you look for other confirmations? If so, what else do you look at? Do you wait until candle close?

I realize that trades 15-20 pips beyond the bands...
Hello William,

Version 29 of the Dashboard gives signals that comply with the 4 rules on Post 1 plus Heiken Ashi color change, Fast Trix color change and Divergence. Because we have noticed very few signals with all these filters, we are going to remove the Divergence condition for the next version.

The Dashboard signal is good enough to enter a position.

I´ve noticed that trades 15 pips beyond the band are better, but under 15 pip signals are also valid.

I take the best signals available at that moment. Sometimes I will wait a while for a great signal that is about to occur, while not taking others that are not as strong. I am partial to GJ, EU, GU. AU. They are my favorite pairs but all of them are valid. And yes, I do take signals based on M15 but also analyzing the H1 and H4 channels, looking for all of them to be ranging or moving in my direction.
Observation is the path to discovery.
  • #7,959
  • Apr 3, 2012 3:43am Apr 3, 2012 3:43am
Quoting beto21_cwb
Last night I left an EJ short trade open, with no SL or TP. And, for my surprise, when I got back from work today, I closed it for a VERY NICE +144 pips of profit. HOW COOL IS THAT ? Please note I'm still demo trading, but that's one more step to build my confidence prior to going live.

Also, you guys may want to check this article. "Unkle Al" seems to be right again !

Forecast: EUR/USD to Fall to 1.15 in First Half of 2012 http://www.dailyfx.com/forex/fundame..._for_2012.html...
Beto, 2 comments.

Try to leave a TP set when you leave an open trade at night.

Regarding EU, I have opened a substantial number of contracts on the short side that I will leave open till the summer to catch the bulk of the fall that I expect will happen in the next 3 months. I have done the same thing with GU which I also expect to fall. Of course, I will trade other contracts as usual using the M15 TMA.
Observation is the path to discovery.
  • #7,960
  • Apr 3, 2012 3:47am Apr 3, 2012 3:47am
Quoting imbonitore
Japanese bank Nomura has apparently issued a trade recommendation selling EUR/JPY at 109.50 with a target of 106.00 and a stop at 111.00.
Reasons for the trade are cited as all the latest factors for the rise are running out of steam, such as US Treasury yields, recent BOJ easing and lack of improving data in the Eurozone
EUR/JPY’s sitting at 109.53


be careful
I agree with Imbo. I cannot think of any logical reason why USD or JPY would go substantially lower against the Euro, but I can think of many reasons why the Euro can collapse. Be careful with Euro longs of any kind going forward.
Observation is the path to discovery.
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