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Extreme TMA System

  • #8,401
  • Apr 9, 2012 6:15pm Apr 9, 2012 6:15pm
[quote=mary4x;5554808]
Quoting faxxion
...I spoke via email to Steve Hopwood...regarding the entry ea.... We have revised it several times..... We hope to have a final version tomorrow. I will play around with it a few days using micro lots....

Hey, William, how is the EA coming along?
Hello Mary,

I just emailed Steve Hopwood a few minutes ago. I expect to have it in the next day or so.

Please do not get your hopes up. It is simply an entry tool that some may find helpful. You still have to decide when to trade. This is just another way of scaling into a trade and controlling risk/reward.

Who knows though, by the time Steve is done it might also make your coffee.

Sincerely,

William
may you find what you seek and trade what you find
  • #8,402
  • Apr 9, 2012 7:02pm Apr 9, 2012 7:02pm
Hello All

Is anyone trading ETX. TMA on the 4hr? If so could you please tell me what kind of results you had. Is there any setting changes you made to the indicators?

Thanks for the help and feedback.
  • #8,403
  • Apr 9, 2012 8:46pm Apr 9, 2012 8:46pm
Quoting dogdays
Hello All

Is anyone trading ETX. TMA on the 4hr? If so could you please tell me what kind of results you had. Is there any setting changes you made to the indicators?

Thanks for the help and feedback.
I am working on a 4H and Daily version now. It wont be quite the same thing but will be using the TMA slope indicator with 10.0 reads. To make it work I had to change some of the settings and use different Pivot lines. Testing it live now and waiting for certain indicators to be written. If a programmer is interested in changing some indicators for me that would be helpful. What I need is for all the indicators to be using the same math formulas so they are consistent with each other. I also need some color changes to made inside the indicators. PM me if you are interested in helping. I have one person working so far on the project. When done I will send it to AL for his comments. Then I hope to open a separate thread for those that want to trade 4H and Daily charts.
  • #8,404
  • Apr 9, 2012 8:59pm Apr 9, 2012 8:59pm
You can trade the Asian session but the max move is usually 20-40 pips on a move. The move is usually done by 10-11 EST USA time. I often take 15-30 pip quickies during the Asian. Price will often retrace and do the same thing later in the day but a bigger move. If you look at daily candles you will often see a small wick at the end of the candle. This is the end of day retracement which usually starts 2-3 hours into the JPY session. I just bank those small profits every day. Will have 1-3 of them almost every day.
  • #8,405
  • Apr 9, 2012 9:42pm Apr 9, 2012 9:42pm
Quoting nanningbob
I am working on a 4H and Daily version now. It wont be quite the same thing but will be using the TMA slope indicator with 10.0 reads. To make it work I had to change some of the settings and use different Pivot lines. Testing it live now and waiting for certain indicators to be written. If a programmer is interested in changing some indicators for me that would be helpful. What I need is for all the indicators to be using the same math formulas so they are consistent with each other. I also need some color changes to made inside the indicators....
Thanks for the info. Sounds great. Looking forward to what you come up with. Sorry not a programmer so can't help.
  • #8,406
  • Apr 10, 2012 12:54am Apr 10, 2012 12:54am
Quoting dogdays
Hello All

Is anyone trading ETX. TMA on the 4hr? If so could you please tell me what kind of results you had. Is there any setting changes you made to the indicators?

Thanks for the help and feedback.
Hello dogdays,
i have use TMA on the H4 without changes any setting to the indicators,
My results are not bad but much smaller than others tf, the big problem with it is that if you wait for the price to touch the opposite band there is a high probability of price reversing before this happens.
Often i used the coral and 200 sma like exit points.
You can also read Al's comments about it in pages 519 and 520.
I'm also waiting for nanningbob's work...

ciao
Sabrina
  • #8,407
  • Apr 10, 2012 12:58am Apr 10, 2012 12:58am
Quoting Favorite
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?
Please research how the casinos are making money and how much.

This thread gives you a good example of finding an edge. Now find a way of not using the recovery and still be profitable and... voila.. you found the holy grail.
  • #8,408
  • Apr 10, 2012 1:08am Apr 10, 2012 1:08am
hello is posible?
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-10_0803.png Size: 67 KB
  • #8,409
  • Edited 1:25am Apr 10, 2012 1:12am | Edited 1:25am
Quoting Favorite
You can't be serious! Do you really think that the government takes care of the traders?



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?
Yes I can explain that very easy. Please research or re-read what I said. Best way to make money in forex is by using a stop loss but with the same idea of faxxion of using big lots but no locking or hedging (it is the same thing the way it was stated) just a regular stop loss.
Faxxion is right. When you use recovering or "adding to your losses" you have to go to a very small lot possibile so recovering can be possibile.

So we want to be in the game with bigger lots, not need to stay for days anymore in the market just take quick our losses and winners, of course our winners being more often than loosers. That is how you make money with minimum risk of ruin, and not blowing your account.

99% or whatever procent of people lose is because they have no edge, or the edge is too small and not covering the spread.

Yes I am an amateur in trading. I am still learning.

There is truth to the saying that the wise focus on managing the risk. The fools focus on the profit.
  • #8,410
  • Apr 10, 2012 1:47am Apr 10, 2012 1:47am
Today went surprisingly well considering that it's a bank holiday. This system performs better than most in these conditions.
  • #8,411
  • Apr 10, 2012 1:56am Apr 10, 2012 1:56am
EU is finding support for now at 1.31 level
  • #8,412
  • Apr 10, 2012 2:14am Apr 10, 2012 2:14am
I have to start posting entry pics, as I'm really struggling. I'm only taking trades that are confirmed signals on the panel.

Here is the latest trade that has gone south on me.

EURJPY on the 15Min TMA got a buy signal and as you can see the HA turned blue.

http://www.forexfactory.com/attachme...1&d=1334041384


An hour later It has continued its downward path, giving that one blue HA (just enough for panel to show a "buy")

http://www.forexfactory.com/attachme...1&d=1334041384

It may be that I need to be more patient, but this is where I start to struggle when deciding when to close a bad trade, and when to wait out the PA.

Any and all input is appreciated.
  • #8,413
  • Apr 10, 2012 2:44am Apr 10, 2012 2:44am
Quoting odellcash
I have to start posting entry pics, as I'm really struggling. I'm only taking trades that are confirmed signals on the panel.

Here is the latest trade that has gone south on me.

EURJPY on the 15Min TMA got a buy signal and as you can see the HA turned blue.

http://www.forexfactory.com/attachme...1&d=1334041384


An hour later It has continued its downward path, giving that one blue HA (just enough for panel to show a "buy")

http://www.forexfactory.com/attachme...1&d=1334041384

It...
I'm not sure if it's just me but I can't see your attached images. You may have to try re-posting them or something so we can all see them.

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #8,414
  • Apr 10, 2012 3:27am Apr 10, 2012 3:27am
Quoting OzFXtrader82
I'm not sure if it's just me but I can't see your attached images. You may have to try re-posting them or something so we can all see them.

John
ah man really?

I used the "Manage Attachments" button, uploaded, and used the url from that. Am I doing that right?
  • #8,415
  • Apr 10, 2012 3:31am Apr 10, 2012 3:31am
Quoting odellcash
ah man really?

I used the "Manage Attachments" button, uploaded, and used the url from that. Am I doing that right?
I can't see them either.
  • #8,416
  • Apr 10, 2012 3:34am Apr 10, 2012 3:34am
Quoting odellcash
ah man really?

I used the "Manage Attachments" button, uploaded, and used the url from that. Am I doing that right?
Do not use the url.....save your chart as a file that you can easily find. Use manage attachments and upload that file. It should then appear in your post.
  • #8,417
  • Edited 11:30am Apr 10, 2012 3:44am | Edited 11:30am
[quote=odellcash;5555722]I have to start posting entry pics, as I'm really struggling. I'm only taking trades that are confirmed signals on the panel.

Here is the latest trade that has gone south on me.

EURJPY on the 15Min TMA got a buy signal and as you can see the HA turned blue.

http://www.forexfactory.com/attachme...1&d=1334041384


An hour later It has continued its downward path, giving that one blue HA (just enough for panel to show a "buy")

you did nothig wrong, but u have to look at the big picture, today overall all the jpy currency pairs r going south, the blue candle that appeared was just a temp retrace, u should have looked at the other jpy currency pairs

http://www.forexfactory.com/attachme...1&d=1334041384
A good trader follows his rules, but great trader knows when to break them
  • #8,418
  • Apr 10, 2012 4:10am Apr 10, 2012 4:10am
Quoting frollollc
Do not use the url.....save your chart as a file that you can easily find. Use manage attachments and upload that file. It should then appear in your post.
that's what I did. I uploaded it using the manage attachments and they appear with a link. Not sure how to not use a url. When I click the "insert image" button, the only option it gives me is a url.
  • #8,419
  • Apr 10, 2012 4:18am Apr 10, 2012 4:18am
Quoting odellcash
that's what I did. I uploaded it using the manage attachments and they appear with a link. Not sure how to not use a url. When I click the "insert image" button, the only option it gives me is a url.
Don't insert image...just upload it
  • #8,420
  • Apr 10, 2012 4:29am Apr 10, 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
~~~~~~~~~~~~~~~
No. 3 is not complete. It is the current move. Look at the slope indi. If the move was complete you would see a divergence. The last drop in the slope is the biggest drop. That indicates there is more downside coming.
Observation is the path to discovery.
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