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Extreme TMA System

  • #8,361
  • Apr 8, 2012 5:23pm Apr 8, 2012 5:23pm
Quoting faxing
Hello Ill,

First of all, the idea that hedging is prohibited in the U.S. to save us all from ourselves is naive, to say the least. If they wanted to save us from losing money they could limit spreads, allow straddles around news without context issues, etc...


Second, I do not believe anyone here needs a grade school lesson. Mathematically, you are correct. There is no difference between locking and unlocking as there would be between being stopped out of a trade and re-entering at a later time. However, psychology is a huge factor when trading....
With respect, also I stated it was only my opinion. You are also right, it might be usefully to hedge just to fill good mentally and eventually "see no loss" in closed trades but in forex the point is not to feel good mentally or psychologically in forex you want to make money.
I also just wanted to make people aware and state the disadvantages using this technique of hedging, i does not help at all. We are into this jungle called forex for the MONEY, other ways I will find others things to do in my free time.

Everybody knows if you have an edge in forex and win more than 50% - 52% you can use regular stop loss R/R1/1 and you can make millions. The only problems is - Do you have an edge? Do you know/do/know something that other people don't?
By using recovery money management or "adding to a losing trade" you have to use very small lots as you already pointed out, and some people are successful - like nanningbob but it is also widely used when you don't have/not sure to have any edge.

By the way in some of your previous posts you said something about an Ea that helps you scale in when you place an order. I would be also interested in checking it out.

with respect, Julian.
  • #8,362
  • Apr 8, 2012 5:30pm Apr 8, 2012 5:30pm
Quoting iulli
Everybody knows if you have an edge in forex and win more than 50% - 52% you can use regular stop loss R/R1/1 and you can make millions.
No, not everybody. I don't know it and I don't think that not knowing it makes me what you call "an amateur trader".

About this "making millions if winning more than 50%-52% with regular stop loss R/R1/1" - can you give some examples, please?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #8,363
  • Apr 8, 2012 5:51pm Apr 8, 2012 5:51pm
Quoting iulli
Hedging the same pair is prohibited for a reason in US.
You can't be serious! Do you really think that the government takes care of the traders?

Quoting iulli
In my opinion this shows exactly the difference between a professional trader and amateur trader.
So according to you the professionals use SL and the amateurs use locking (by the way, it is locking, not hedging)? But we know that 95% of the traders are losers, and I think 99.9% of these losers use SL. Can you explain that?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #8,364
  • Apr 8, 2012 8:28pm Apr 8, 2012 8:28pm
Quoting iulli
With respect, also I stated it was only my opinion. You are also right, it might be usefully to hedge just to fill good mentally and eventually "see no loss" in closed trades but in forex the point is not to feel good mentally or psychologically in forex you want to make money.
I also just wanted to make people aware and state the disadvantages using this technique of hedging, i does not help at all. We are into this jungle called forex for the MONEY, other ways I will find others things to do in my free time.

Everybody knows if you have an...
Hello Julian,

I understand your point of view. However, I disagree that "feeling good psychologically" does not help you make money trading forex. Half of this game is mental. If it were simply a mechanical exercise, all we would need is a formula out of a book to become successful.

Have you ever noticed that it seems easier to make money in a demo account than in a live trading account? Why do you think that is? Psychology, your mental state when trading. If you are relaxed and feel in control at all times, you tend to make better decisions. Sometimes, that is the only edge you need.

Additionally, I spoke via email to Steve Hopwood today regarding the entry ea you spoke about. We have revised it several times. Steve is a perfectionist in the most wonderful sense of the word. We hope to have a final version tomorrow. I will play around with it a few days using micro lots. After it has been tested a bit, I will send you a copy or post it on this thread. I hope it is of some benefit to you. PM me or post here what you think of it.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,365
  • Apr 9, 2012 1:38am Apr 9, 2012 1:38am
Quoting Olarion1975
Hi Exciter135,

please find my answers below.

1. I always used the latest dashboard at that time. The dashboard v.32 I've been using since April 5 (trix fast color change and divergence OFF). My settings are always default, I only adjusted the GMT offset for the pivot calculation.

2. My trigger was mainly the M15 TMA band, a few times the H1 band. I never traded the H4 timeframe.

3. Yes, this is my sequence before entering a trade.

4. No. I only used the TMA bands and slope values with the default template on the M15 chart for...
Hi Olarion,

Sent you a PM wrt the above. Appreciate if you can have a look and respond when you get some time. Many thanks !

Darshana.
  • #8,366
  • Apr 9, 2012 1:42am Apr 9, 2012 1:42am
Quoting DrDave
Added another contract a few hours ago to my short position. Will hold these until about 128 and then evaluate.
Price has gotten down to 129, and is looking like it will go to the D1 bottom band before a significant retracement. Closed one of the short positions for 130 pips. Have the buy hedge active and the remaining short positions open.

In the future, when I open a hedge to make a retracement trade, I'll put in a hard stop loss. I'll evaluate further where to put the TP for retracements.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,367
  • Apr 9, 2012 1:44am Apr 9, 2012 1:44am
Quoting faxxion
Hello Julian,

I understand your point of view. However, I disagree that "feeling good psychologically" does not help you make money trading forex. Half of this game is mental. If it were simply a mechanical exercise, all we would need is a formula out of a book to become successful.

Have you ever noticed that it seems easier to make money in a demo account than in a live trading account? Why do you think that is? Psychology, your mental state when trading. If you are relaxed and feel in control at all times, you tend to make...
I'm not sure that a good mental state helps a trader make money as much as it helps the trader to not lose money.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,368
  • Apr 9, 2012 4:10am Apr 9, 2012 4:10am
dear Mr.Al :

Attached the EJ M15 Chart, at EJ chart, we can view the 1-2-3 Pattern,

Does 1-2-3 Pattern is over, complete,, it build up a bottom around H1, H4 lower Band now ??


please advice us, thank you in advance ~~


SCOTT-ibm / taiwan office
~~~~~~~~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_M15_123_Pattern.JPG Size: 107 KB
  • #8,369
  • Apr 9, 2012 4:29am Apr 9, 2012 4:29am
Quoting scott-ibm
dear Mr.Al :

Attached the EJ M15 Chart, at EJ chart, we can view the 1-2-3 Pattern,

Does 1-2-3 Pattern is over, complete,, it build up a bottom around H1, H4 lower Band now ??


please advice us, thank you in advance ~~


SCOTT-ibm / taiwan office
~~~~~~~~~~~~~~~
If i understand correctly the breathing system should this mean that EJ will shoot up during the next few days?
  • #8,370
  • Apr 9, 2012 5:15am Apr 9, 2012 5:15am
Quoting grechmar
If i understand correctly the breathing system should this mean that EJ will shoot up during the next few days?
I too thought of it if the nobility on 100 %, wished to write at a forum, it would be desirable to know opinion of our teacher Alfredo!
  • #8,371
  • Edited 5:48am Apr 9, 2012 5:42am | Edited 5:48am
Very slow due to bank holidays...anyhow, banked +45 pips (5 trades) already...
I rather take quick +10 pips profit on each trade today than wating for a home run.

PS:
I will answer everybody who PM'ed me in the evening.
  • #8,372
  • Apr 9, 2012 5:54am Apr 9, 2012 5:54am
Have a look at the M5. It has an up leg to the top band, and now is making a pullback. If the pullback stops above the prior swing low, and especially if it reaches only about the midline, look for the next up leg to go higher than the prior swing high. That should take price back up to the top band.

(H1 and M15 are overdue to go up, and M5 has to do it first.)

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,373
  • Apr 9, 2012 6:37am Apr 9, 2012 6:37am
Although slow today on higher time frames, the 5 min still gives plenty of setups, enjoying practising on demo, this may be a good one in a few bars time.
Attached Image
  • #8,374
  • Apr 9, 2012 7:53am Apr 9, 2012 7:53am
Quoting eltax100
Although slow today on higher time frames, the 5 min still gives plenty of setups, enjoying practising on demo, this may be a good one in a few bars time.
I agree, on a slow day you better switch to a lower time frame like M5 to make your pips.
On high volatile days you are better off with M15 and H1.

Cheers,
Olarion
  • #8,375
  • Apr 9, 2012 8:17am Apr 9, 2012 8:17am
Screenshot of EURUSD options positioning.

Very large PUT open-interest at 2990 and overhead PUT open-interest at 3085.

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD4-9-12.jpg Size: 251 KB
  • #8,376
  • Apr 9, 2012 9:01am Apr 9, 2012 9:01am
USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-09_1556.png Size: 83 KB
  • #8,377
  • Apr 9, 2012 9:07am Apr 9, 2012 9:07am
Quoting Olarion1975
Very slow due to bank holidays...anyhow, banked +45 pips (5 trades) already...
I rather take quick +10 pips profit on each trade today than wating for a home run.

PS:
I will answer everybody who PM'ed me in the evening.
Olarion, can you post some charts ? tks
  • #8,378
  • Apr 9, 2012 9:45am Apr 9, 2012 9:45am
Quoting Bary
I use no stop loss initially as I intend to use recovery. I move my stop to a S/R level once I have good profit about +20 or so and take profit at opposite M15 band or when I feel it's going to reverse or PA has run it's course. I trade the same rules as Olarion. Most trades have been when PA is past the M15 band and at a S/R level with other rules meet. I am starting to take some trades off the H1 band and hang on for more pips.
Today , i think more but better than ask you and Olarion1975

Do you wait candle close after place order ?

Example : UC (M15)
If price above band . 4 Rules are value . Appears a red candle .
But after candle close , price in between bank(0.9987) . Do you place order here or wait different signal ? (Because i think at the moment price already not above band(1 rule in 4 rule entry) for should i think it not value) . Do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: 4-9-2012 9-39-52 PM.png Size: 53 KB
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  • #8,379
  • Apr 9, 2012 9:52am Apr 9, 2012 9:52am
1 10000 2 divergencie in trix and slope 3 tma 15 m and tma 1 hour and 4 heiken red
  • #8,380
  • Apr 9, 2012 10:24am Apr 9, 2012 10:24am
nice spread

Quoting maxryan9999
Today , i think more but better than ask you and Olarion1975

Do you wait candle close after place order ?

Example : UC (M15)
If price above band . 4 Rules are value . Appears a red candle .
But after candle close , price in between bank(0.9987) . Do you place order here or wait different signal ? (Because i think at the moment price already not above band(1 rule in 4 rule entry) for should i think it not value) . Do you think ?
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