Extreme TMA System | Page 404 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #8,061
  • Apr 3, 2012 10:58pm Apr 3, 2012 10:58pm
Quoting faxxion
[color=black][font=Verdana]How do you ‘Unlock’ a trade? Simple. You wait for a strong signal that you are comfortable with. To ‘unlock’ if you want to go long, sell your short. To ‘unlock’ if you want to go short, sell your long. Then start the whole process over. Set a hedge position above/below the previous swing high/low. If you are right this time, you make back your 10 pips plus a profit. If you are wrong, now you have a ‘locked’ position of -20 pips. My personal choice is that if I am wrong, I will try it one more time. If I am wrong 3 times...
William,

Great writing thank you for sharing, I wonder if it would be possible to give an example using a trade eg. a short locking, I must say I don't still quite understand this process, please could you provide a brief imaginery trade scenario with figures so that we can see the trade locking more clearly? Can we use this method with brokers who dont allow hedging? Thanks again!
Tracking the Specialists.
  • #8,062
  • Apr 3, 2012 10:59pm Apr 3, 2012 10:59pm
Ever since Al posted the 1,2,3 test pattern of his breathing system, I have really tried train my eyes to spot this pattern on different time frames and watch the price action vs the coral and the 200SMA. I just spotted a 1,2,3 test on H1 EUR USD. The same pattern is also present on H1 on GBP USD and the reversed pattern on USD CHF. I am looking forward to the coral crossing down soon the 200 SMA. Do you guys think this could signal the the big drop on EU Al has been talking about in the last week ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1-2-3-test coral3.gif Size: 47 KB
  • #8,063
  • Apr 3, 2012 11:06pm Apr 3, 2012 11:06pm
Quoting successlife
Hi Willian.
First thanks !
You need to note the commission cost and some more swap.
I try use this for some time, for me the problems was "where" you unlock
Another things are in Recovery in some point you double, then in small move you can recover a losing trade.
Please continue exploring and share ideas.
Hello SuccessLife,

Wow I did not think anyone was up this late except me.

When to unlock...that was my problem when I first read this idea.

To make it simple, just wait for another solid TMA signal.

Of course you could also unlock without a TMA signal if it was trending strongly in one direction or another. Remember, you can unlock long or short.

William
may you find what you seek and trade what you find
  • #8,064
  • Apr 3, 2012 11:09pm Apr 3, 2012 11:09pm
Quoting Connected
William,

Great writing thank you for sharing, ICan we use this method with brokers who dont allow hedging? Thanks again!
No, you cannot. Locking is hedging.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,065
  • Apr 3, 2012 11:13pm Apr 3, 2012 11:13pm
Quoting Connected
William,

Great writing thank you for sharing, I wonder if it would be possible to give an example using a trade eg. a short locking, I must say I don't still quite understand this process, please could you provide a brief imaginery trade scenario with figures so that we can see the trade locking more clearly? Can we use this method with brokers who dont allow hedging? Thanks again!
Hello Connected,

Unfortunately, you cannot use this strategy with a broker that does not allow hedging. Actually, that is not correct. You can, but it requires that you open another account, one for long positions and one for short.

A recent example was shorting the EURGBP Monday. It was a valid signal, however the trade went up and we would have 'locked'. When I woke up on Tuesday it had moved about 40 pips higher. About 1:30pm it was overextended and the Extreme TMA Dashboard gave a vaild sell signal, so we would have unlocked. The EURGBP dropped 36 pips giving us a 26 pip TP instead of a 10 pip SL.

I hope that helps.

William
may you find what you seek and trade what you find
  • #8,066
  • Apr 3, 2012 11:14pm Apr 3, 2012 11:14pm
Quoting DrDave
No, you cannot. Locking is hedging.

DrDave
Thank you DrDave I tried this with Oanda a few days ago, MT4 displaying a bold message 'Hedging Prohibited' in the trade dialog window!
Tracking the Specialists.
  • #8,067
  • Apr 3, 2012 11:17pm Apr 3, 2012 11:17pm
Hi William, thats great thank you kindly! If we have two seperate accounts we can hedge our positions, interesting indeed. Now I understand the locking! Thanks again!

Quoting faxxion
Hello Connected,

Unfortunately, you cannot use this strategy with a broker that does not allow hedging. Actually, that is not correct. You can, but it requires that you open another account, one for long positions and one for short.

A recent example was shorting the EURGBP Monday. It was a valid signal, however the trade went up and we would have 'locked'. When I woke up on Tuesday it had moved about 40 pips higher. About 1:30pm it was overextended and the Extreme TMA Dashboard gave a vaild sell signal, so we would have unlocked. The EURGBP...
Tracking the Specialists.
  • #8,068
  • Edited 11:48pm Apr 3, 2012 11:17pm | Edited 11:48pm
Quoting Connected
Thank you DrDave I tried this with Oanda a few days ago, MT4 displaying a bold message 'Hedging Prohibited' in the trade dialog window!
Hello Connected,

You can hedge even with non-hedging brokers, it just takes 2 accounts. I will edit my post accordingly.

William
may you find what you seek and trade what you find
  • #8,069
  • Edited 12:21am Apr 4, 2012 12:02am | Edited 12:21am
Quoting faxxion
After that discussion on March 26, I had countless PM’s of traders with the same frustration. One of them was from Mike or ‘Favorite’ as he is known here. He reminded me of a money management strategy that he had outlined very early in this thread. The strategy is called ‘Locking’.

If you would like to go back and read his thoughts, they start on page 48, post 719.

Back then I was still trying to wra[color=black][font=Verdana]p...
I think it was a good post, but there're no illustrations.

Recently fxtr51 provided a great detailed explanation of locking (pictures, examples, math etc.) here (posts 5,13,14,22,62,65,70,74,78,81,84):
http://www.forexfactory.com/showthre...28#post5531128
Gentlemen always play by the rules. If they can't, they change the rules.
  • #8,070
  • Apr 4, 2012 12:03am Apr 4, 2012 12:03am
...the market has a hangover from too much Fed partying yesterday?
Tracking the Specialists.
  • #8,071
  • Apr 4, 2012 12:14am Apr 4, 2012 12:14am
thanks for yours words tom...im very careful with my MM...xDD

short again!!!

http://i40.tinypic.com/bi7ypl.jpg

could going down!

xDD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #8,072
  • Apr 4, 2012 12:17am Apr 4, 2012 12:17am
Quoting Favorite
I think it was a good post, but there're no illustrations.

Recently fxtr51 provided a great detailed explanation of locking (pictures, examples, math etc.) here (posts 5,13,14,22,62,65,70,74,78,81,84):
http://www.forexfactory.com/showthre...28#post5531128
Hello Mike,

Thank you for the compliment.

There are no illustrations because I am just getting started with this method. You are the expert. As I noted in my post, it was your PM about a week ago that made me revisit the topic. I truly appreciate that.

Thank you also for the examples and the link. I now have some studying to do.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,073
  • Apr 4, 2012 12:44am Apr 4, 2012 12:44am
Hi William,

After reading about the "locking" method I wanted to see if I could hedge with my broker. I'm trading with GFT in Australia and read the FAQ's sections and it says the following;

Can I hedge trades using MetaTrader 4?
At GFT, placing a buy and a sell order for the same number of lots in a currency pair is seen as having no position. While you can have both a long and short position in the same currency pair with equal number of lots and see it in MetaTrader 4, we advise customers not to do this. When you print reports in DealBook WEB, you’ll notice that the sell order will close your long position.

What do you make of this? Can I hedge on one MT4 account?

Thanks

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #8,074
  • Apr 4, 2012 12:45am Apr 4, 2012 12:45am
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...
Real Success (personal and economic) in every field does not come from one lucky night, some good days, or from the lottery.
I'm tired of this kind of posts, they are truly insignificant, sorry.
Sorry if I sound rude, but this is the truth in everyday life..... in Forex is THE TRUTH.
I hope you don't get me wrong and understand what I mean...
Have a good one
Max
  • #8,075
  • Apr 4, 2012 12:51am Apr 4, 2012 12:51am
Quoting OzFXtrader82
Hi William,

After reading about the "locking" method I wanted to see if I could hedge with my broker. I'm trading with GFT in Australia and read the FAQ's sections and it says the following;

Can I hedge trades using MetaTrader 4?
At GFT, placing a buy and a sell order for the same number of lots in a currency pair is seen as having no position. While you can have both a long and short position in the same currency pair with equal number of lots and see it in MetaTrader 4, we advise customers not to do this. When you print reports in DealBook...

Hello John,

Yes you can hedge using MT4 if your broker allows it. It sounds like GFT will let you hedge, but I do not understand the statement, "When you print reports in DealBook WEB, you’ll notice that the sell order will close your long position."

If I were you I would check with them first or try it in a GFT demo account.

I hope that helps.

William
may you find what you seek and trade what you find
  • #8,076
  • Apr 4, 2012 12:54am Apr 4, 2012 12:54am
I hope trading is going well for everyone, it was for me until I had a problem with Pepperstone.

Sorry to go off topic but is anyone else here using that Broker?

The platform has been disconnecting a lot recently and when it connected again it closed out 5 of my open positions all at one, I am nowhere near my margin (over 3500%) and do not use an EA.

In the journal at the time are error message "FTP. STOR command failed" whatever that means.
  • #8,077
  • Apr 4, 2012 12:55am Apr 4, 2012 12:55am
Quoting faxxion
Hello John,

Yes you can hedge using MT4 if your broker allows it. It sounds like GFT will let you hedge, but I do not understand the statement, "When you print reports in DealBook WEB, you’ll notice that the sell order will close your long position."

If I were you I would check with them first or try it in a GFT demo account.

I hope that helps.

William
If i understood right, in some brokers you don't just press the 'close' button like in MT4, you have to close your positions by cancelling the trade out, short if u have long, long if you are short. In this way, you wouldn't be able to hedge. with such brokers you need 2 a/cs.
  • #8,078
  • Apr 4, 2012 12:55am Apr 4, 2012 12:55am
Quoting faxxion
Hello Mike,

Thank you for the compliment.

There are no illustrations because I am just getting started with this method. You are the expert. As I noted in my post, it was your PM about a week ago that made me revisit the topic. I truly appreciate that.

Thank you also for the examples and the link. I now have some studying to do.

Your Friend,

William
William!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #8,079
  • Apr 4, 2012 12:56am Apr 4, 2012 12:56am
Quoting faxxion
Hello John,

Yes you can hedge using MT4 if your broker allows it. It sounds like GFT will let you hedge, but I do not understand the statement, "When you print reports in DealBook WEB, you’ll notice that the sell order will close your long position."

If I were you I would check with them first or try it in a GFT demo account.

I hope that helps.

William
Thanks William, I'll do some experimenting and see what happens. To be honest, I am trading live but only with minimal lots so trades arent going to get out of hand the way I am trading at the moment. I like the idea of recovery but haven't had the chance to use it on a trade that has gone against me but the locking approach sounds equally valid.

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #8,080
  • Apr 4, 2012 12:59am Apr 4, 2012 12:59am
Quoting grechmar
If i understood right, in some brokers you don't just press the 'close' button like in MT4, you have to close your positions by cancelling the trade out, short if u have long, long if you are short. In this way, you wouldn't be able to hedge. with such brokers you need 2 a/cs.
Hello Grechmar,

Thank you for the clarification. I thought it was only US brokers who frowned on hedging.

William
may you find what you seek and trade what you find
8 traders viewing now