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Extreme TMA System

  • #8,021
  • Apr 3, 2012 12:34pm Apr 3, 2012 12:34pm
Quoting grechmar
With you on that one however expect a 20 pip return. Why are you aiming at 10 pip?
for that pair is enough to me 10 pips profit ... I'm not greedy (just today)
  • #8,022
  • Apr 3, 2012 12:36pm Apr 3, 2012 12:36pm
Quoting grechmar
Hmm, less trades with double the lot size? With tight SL's?
Interesting, really, but Al, do you thnk it would work?

And faxxion, how many signals are you getting in a day when including divergence for a signal? And what percentage of trades hit your SL and then turned in your favor when you had closed the trade?
Hello Grechmar,

I have not been at my PC all day, but I have caught 2 trades on M15.

William
may you find what you seek and trade what you find
  • #8,023
  • Apr 3, 2012 12:38pm Apr 3, 2012 12:38pm
Quoting Alorente
This is the calm before the Fed Minutes storm. I expect the Minutes to show that QE3 is not really being discussed as a realistic option. That will hurt the EUR and GBP and help USD and JPY. WeŽll see...
5 min bands to 5 minutes under the bands on 15 minutes gbp/usd ... Perhaps one good correction to long and final move down
  • #8,024
  • Apr 3, 2012 12:41pm Apr 3, 2012 12:41pm
Quoting faxxion
Hello Meta.

Thank you very much. Did you code this?

William

Hello William,

no I had it done. In the next version rule 4 are included.

Meta
  • #8,025
  • Apr 3, 2012 12:41pm Apr 3, 2012 12:41pm
Quoting faxxion
Hello Again Alfredo,

Once again, thank you for the timely response.

Also, I would like to say thank you to you and Carl for all of the hard work done behind the scenes. The rest of us will never know the time and sacrifice this requires, yet we all benefit. I am truly appreciative.

[color=black][font=Verdana]The reason I like the current Dashboard with divergence as a filter is that I feel it gives a much stronger signal....
I agree with you William, I would rather catch just a few really good trades for double pip value than several smaller ones. I am not currently using stops but that might be necessary if lot sizes are increased.
  • #8,026
  • Apr 3, 2012 12:54pm Apr 3, 2012 12:54pm
Quoting grechmar
Would you think that profits from these lower no. of trades(at x2 lots) would be considerably lower?
Keeping in mind that recovery trades take up the place of other new trades.

I think though, that if the number of trades is small say 4 every day, and you have a SL of 20p, you would end having days where you just end up with no profit and some 20 pip loss.
I really donŽt know. The bottom line is what counts. As long as you are making money, it is all valid. Because of my personality, I need many trades. IŽm a little like a juggler. The more balls the better.
Observation is the path to discovery.
  • #8,027
  • Apr 3, 2012 1:00pm Apr 3, 2012 1:00pm
Quoting grechmar
Would you think that profits from these lower no. of trades(at x2 lots) would be considerably lower?
Keeping in mind that recovery trades take up the place of other new trades.

I think though, that if the number of trades is small say 4 every day, and you have a SL of 20p, you would end having days where you just end up with no profit and some 20 pip loss.
Hello Grechmar,

In no way am I comparing my trading style to Alfredo's, or anyone else's for that matter. I am just trying to let him know why I like the divergence filter.

Just so you understand my logic, let's take a hypothetical $10,000 account.

If I am using a SL of 30 pips and I know I may have a maximum of 6 trades at any given time, my riskis 180 pips. If I want to keep my daily account risk at 2% or less, then I can trade .10 lots. If all six trdes are profitable for 30 pips each, I will profit 180 pips or $180.00.

On the otherhand let's say I only get 2 signals simultaneously using the divergence filter. If I am confident in the trade and I can place my SL just 10 pips from my entry just above/below the last swing high/low. Now I can trade 1 full lot. My risk is the same. If they both get stopped I have risked 20 pips, $200 or 2% of my account. However, if they are successful and make 30 pips each, as in the previous example, I have made $600.00.

It is just a better risk/reward in my view. I realize that the downside is trade diversification. It is far more likely that 2 trades will be stopped out than 6 trades being stopped out. That is the trade off. That also underscores the need for the stonger signals.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,028
  • Apr 3, 2012 1:07pm Apr 3, 2012 1:07pm
Quoting Alorente
This is the calm before the Fed Minutes storm. I expect the Minutes to show that QE3 is not really being discussed as a realistic option. That will hurt the EUR and GBP and help USD and JPY. WeŽll see...
Al's crystal ball calls it again
  • #8,029
  • Apr 3, 2012 1:16pm Apr 3, 2012 1:16pm
wow the market has certainly become 'alive'
Tracking the Specialists.
  • #8,030
  • Apr 3, 2012 1:16pm Apr 3, 2012 1:16pm
Quoting imbonitore
for that pair is enough to me 10 pips profit ... I'm not greedy (just today)
Congrats on your GBP short by the way
Close to your TP now ?
  • #8,031
  • Apr 3, 2012 1:19pm Apr 3, 2012 1:19pm
Quoting Connected
wow the market has certainly become 'alive'
Yeah, this was cool
  • #8,032
  • Apr 3, 2012 1:27pm Apr 3, 2012 1:27pm
Quoting DrDave
Finally long on USDCAD 0.9906. H1, M15, M5 ranging. TP 0.9922
TP hit after about 2.5 hours.
To free Gazans of Hamas, use whatever it takes.
  • #8,033
  • Apr 3, 2012 1:28pm Apr 3, 2012 1:28pm
Big AL,

Do you expect EU to retrace from here?
Follow me to the Promised Land
  • #8,034
  • Apr 3, 2012 1:31pm Apr 3, 2012 1:31pm
EurAud hits opposite 15min band...thanks Al!


Quoting Alorente
EurAud ready for short with a Trix divergence to boot.
  • #8,035
  • Apr 3, 2012 1:32pm Apr 3, 2012 1:32pm
This is the sentence that will kill the Eur going forward:

"A couple of members indicated that the initiation of additional stimulus could become necessary if the economy lost momentum or if inflation seemed likely to remain below its mandate-consistent rate of 2 percent over the medium run."

Wall Street expected a majority considering additional QE. Only 2 considered it, so no chance of QE unless the economy falls off a cliff again.
Observation is the path to discovery.
  • #8,036
  • Apr 3, 2012 1:42pm Apr 3, 2012 1:42pm
Quoting xlitang
Big AL,

Do you expect EU to retrace from here?
could be dangerous to go long on usd at this point
A good trader follows his rules, but great trader knows when to break them
  • #8,037
  • Apr 3, 2012 1:59pm Apr 3, 2012 1:59pm
Feel bad for having missed that, could have gone both ways i guess. Al, do you reckon this move will contniue to 4 hr band or do we have a day of retracement tomorrow?
  • #8,038
  • Apr 3, 2012 2:13pm Apr 3, 2012 2:13pm
Quoting grechmar
Feel bad for having missed that, could have gone both ways i guess. Al, do you reckon this move will contniue to 4 hr band or do we have a day of retracement tomorrow?
i don't think any retrace tomorrow, maybe freaky friday
A good trader follows his rules, but great trader knows when to break them
  • #8,039
  • Apr 3, 2012 2:17pm Apr 3, 2012 2:17pm
Quoting ill_be_back
i don't think any retrace tomorrow, maybe freaky friday
If QE is nt being considered a retracement would'nt be unreasonable.
  • #8,040
  • Apr 3, 2012 2:23pm Apr 3, 2012 2:23pm
Hello Everyone,
First of all I would like to say a HUGE thank you to this thread and system. I would like to know if someone could tell me how to place a line that runs through the middle of the bands? I am looking to use this as a place to tp on part of my position and it would be easier than having to recalculate after the close of each bar. Thank you for your help!
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