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Extreme TMA System

  • #8,561
  • Apr 11, 2012 2:33pm Apr 11, 2012 2:33pm
Quoting sabrys5769
I love your posts Ever, no matter how old are you.....

Ciao
Sabrina
You're too kind, really!

I love your posts, as well, Sabrina! You must have a kind heart!

Is this system working for you?
The mind thinks, the heart knows...
  • #8,562
  • Apr 11, 2012 2:53pm Apr 11, 2012 2:53pm
first chart is eu 1h; red arrow points to the close of the rsi14 bumping up against a nice uptrend line where divergence closes; this is the signal to go to the tma chart to look for a pullback entry; after this a new trendline began that rsi seems to be following nicely to stay in the trade.

second chart is eu 15m; yellow vertical dashed line is entry at 2nd fast trix line color change 27 minutes past the 1h rsi closing against the trendline just discussed.

third chart is eu 1m; the same yellow line shows entry was near the top of the trix after 2nd trix fast line color change. Waiting 27 minutes after the 1h rsi trendline retest resulted in a nice slow drop today.

Stop loss above the 1h TMA extreme line.

The trade is still open till 50 pips profit since the usd index continues to climb strengthing the usd. Presently there is 35 pips profit. Today's pivot, the 15m 200sma or the 1h coral may stop the trade soon. But there is some more room to the left for price to drop today.

Hoping this commentary helps you to trade better. Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 1h.png Size: 53 KB
Click to Enlarge Name: eu 15m.jpg Size: 165 KB
Click to Enlarge Name: eu 1m.jpg Size: 140 KB
  • #8,563
  • Apr 11, 2012 2:56pm Apr 11, 2012 2:56pm
Hi all,
Just want to introduce myself. I'm Brian from New Mexico. I mostly trade futures , but I stumbled on this thread while I using the Forex Factory Calender. Once I started reading I kept on it and now I'm interested in Forex. Many thanks to you Al for sharing your knowledge and for this wonderful thread you have. And also thanks to everyone else here for your contributions. I've never used Meta Trader but am going to download it and the packet on page one and give it a whirl. Hopefully I'll be able to contribute in the future. I really appreciate being able to read a thread that is genuinely helpful for traders . Thanks all
  • #8,564
  • Apr 11, 2012 3:03pm Apr 11, 2012 3:03pm
Quoting fmuir
Hello Frollollc,

Could you please verify that this url works? My version of Adobe Reader says that the file is damaged!

Whatever assistance you could provide would be appreciated.

Regards,
-Frank
I used the link and the file downloaded and opened properly.
  • #8,565
  • Apr 11, 2012 3:33pm Apr 11, 2012 3:33pm
Quoting Alorente
A good article that summarizes the difficulty of the situation for the common currency:

http://www.efxnews.com/story/11874/f...st-and-furious
Good article, Al. I've read so many just like it, and I imagine you have too.

Austerity + great heaping helpings of additional debt, even at low interest, does not solve a structural debt problem.

GDP will shrink, political instability will increase, and the only permanent solution is to default, and devalue the currency (as per Argentina), an impossibility with the EUR as it is.

Greece went half way. It won't be enough, though.

Additional remarks for those that are interested:
Attached File(s)
File Type: pdf The Bankers Control The World.pdf   157 KB | 659 downloads
The mind thinks, the heart knows...
  • #8,566
  • Apr 11, 2012 3:38pm Apr 11, 2012 3:38pm
Quoting Ever E. Man
You're too kind, really!

I love your posts, as well, Sabrina! You must have a kind heart!

Is this system working for you?
I'm a newbie Ever, i'm still learning from Al, you and others traders here, but yes.. this system is now working for me.

Thank you
Sabrina
  • #8,567
  • Apr 11, 2012 3:48pm Apr 11, 2012 3:48pm
Quoting abqkidd
Hi all,
Just want to introduce myself. I'm Brian from New Mexico...I've never used Meta Trader but am going to download it and the packet on page one and give it a whirl... I really appreciate being able to read a thread that is genuinely helpful for traders . Thanks all
Welcome aboard, Brian. I traded futures, using NinjaTrader, formerly myself.

One thing that I picked up in my travels is that, if you have Vista, choose to install MetaTrader in the C:<name of your broker> directory, or another directory outside of the default Crogram Files (x86) to avoid potential problems caused by the Windows UAC, which imposes strict restrictions for the default directory.

Yes, I agree, the helpful attitude here is refreshing. Though we do have the occasional odd bird fly in, they don't seem to stay long. Birds of a feather, I suppose.
The mind thinks, the heart knows...
  • #8,568
  • Apr 11, 2012 4:03pm Apr 11, 2012 4:03pm
Quoting sabrys5769
I'm a newbie Ever, i'm still learning from Al, you and others traders here, but yes.. this system is now working for me.

Thank you
Sabrina
Congratulazioni!

I'm still piecing together my system, which will be trading binary options instead of spot forex.
The mind thinks, the heart knows...
  • #8,569
  • Apr 11, 2012 4:11pm Apr 11, 2012 4:11pm
Mr. Imbonitore,
If you don't mind my asking, how is your trading going with this system?

I borrowed your signature, Sabrina. Hope you don't mind!
The mind thinks, the heart knows...
  • #8,570
  • Apr 11, 2012 4:31pm Apr 11, 2012 4:31pm
I borrowed your signature, Sabrina. Hope you don't mind![/quote]

I don't mind Ever, have a good nigth
  • #8,571
  • Apr 11, 2012 4:34pm Apr 11, 2012 4:34pm
Quoting Ever E. Man
Mr. Imbonitore,
If you don't mind my asking, how is your trading going with this system?

I borrowed your signature, Sabrina. Hope you don't mind!

Sorry, Ever:

Chi vuol.....

Even so you are noble member!

King regards and good night
Meta
  • #8,572
  • Apr 11, 2012 4:49pm Apr 11, 2012 4:49pm
Quoting Meta1
Sorry, Ever:

Chi vuol.....

Even so you are noble member!

Kind regards and good night
Meta
Yes, I got the suggestion for "vuol" from the google translator, as well, but it seemed to have a little different meaning. Could it be a slightly different form from Leonardo's period?

I simply cut and pasted the signature from Sabrina's post, above, as you can see. I translated it as "He who would be rich in a day would be hanged in a year!" ~ Leonardo di Vinci. I thought it was both funny, and often true, in life as in trading!

Thanks, and ciao!
The mind thinks, the heart knows...
  • #8,573
  • Apr 11, 2012 6:21pm Apr 11, 2012 6:21pm
Quoting Ever E. Man
Welcome aboard, Brian. I traded futures, using NinjaTrader, formerly myself.

One thing that I picked up in my travels is that, if you have Vista, choose to install MetaTrader in the C:<name of your broker> directory, or another directory outside of the default Crogram Files (x86) to avoid potential problems caused by the Windows UAC, which imposes strict restrictions for the default directory.

Yes, I agree, the helpful attitude here is refreshing. Though we do have the occasional odd bird fly in, they don't seem to stay long. Birds of a...


Hey thanks Ever, I'm on 7 so hopefully ok. Did install from Oanda demo into x86, so hope that's alright and no probs arise.

Yep, that's where I'm at now- futures and Ninja. I never really gave Forex a thought untill I read this thread. wish the market was moving so I could practice
  • #8,574
  • Apr 11, 2012 8:13pm Apr 11, 2012 8:13pm
Quoting abqkidd
Hey thanks Ever, I'm on 7 so hopefully ok. Did install from Oanda demo into x86, so hope that's alright and no probs arise.

Yep, that's where I'm at now- futures and Ninja. I never really gave Forex a thought untill I read this thread. wish the market was moving so I could practice
After NinjaTrader I found MetaTrader simple enough to understand, but not nearly as good in terms of standard indicators. I'm going to use this system to trade binary options and spreads on Nadex, which I think might do well.
Good luck trading. It opens Sunday night, just like Globex. There are some time settings that are in the thread somewhere that I haven't gotten set yet. One is for you broker and one is for your location, I believe. Both are based on GMT. G'night. Off to bed!
The mind thinks, the heart knows...
  • #8,575
  • Apr 11, 2012 9:59pm Apr 11, 2012 9:59pm
Quoting frollollc
Here is a pdf file explaining in detail how to upload and display a chart.

http://www.forexfactory.com/attachme...hmentid=511186

Hi Frollollc,

Thanks for responding to my request. I was able to copy the shortcut from you post and paste it to my browser. The PDF file was downloaded successfully.

Regards,
-Frank
  • #8,576
  • Apr 11, 2012 10:26pm Apr 11, 2012 10:26pm
short audusd at 1.03738
audjpy at 83.927
A good trader follows his rules, but great trader knows when to break them
  • #8,577
  • Apr 11, 2012 10:40pm Apr 11, 2012 10:40pm
Quoting Xabier
I've been watching and doing backtest in tf 5m

You can only forward test this method due to the repainting TMA.
Enter Signature
  • #8,578
  • Apr 11, 2012 10:52pm Apr 11, 2012 10:52pm
Quoting bluewatercat
Frank,

The issue is with the Trix4Kids indicator and no, these errors do not have a detrimental effect on what is displayed on the Dashboard. Trix4Kids was designed to be presented on the screen and does not take into account the dashboard using it without it being displayed in a window.

Another way of saying this is that the ObjectCreate calls are failing since the WindowId is invalid.

The fix is easy:

Wrap the ObjectCreate calls with an if statement:
"if (WindowId != -1) { ...ObjectCreate... }"

This would maintain the exact...
Thanks for figuring this out. I made the changes you requested. I have not actually tested this but it makes sense and should now work nicely through the dashboard.

You can of course make any fixes like this you want in the future and I can always check for latest versions posted here.
Attached File(s)
File Type: mq4 Trix4Kids.mq4   12 KB | 508 downloads
  • #8,579
  • Apr 12, 2012 12:26am Apr 12, 2012 12:26am
Quoting Sarythsaya
You can only forward test this method due to the repainting TMA.
you can use the simulation ea.
USD Est Non Mortuus
  • #8,580
  • Apr 12, 2012 12:48am Apr 12, 2012 12:48am
Quoting Ever E. Man
Yes, I got the suggestion for "vuol" from the google translator, as well, but it seemed to have a little different meaning. Could it be a slightly different form from Leonardo's period?

I simply cut and pasted the signature from Sabrina's post, above, as you can see. I translated it as "He who would be rich in a day would be hanged in a year!" ~ Leonardo di Vinci. I thought it was both funny, and often true, in life as in trading!

Thanks, and ciao!
Yes Ever "Vol" is old Italian language, Leonardo was born in 1452 and during that time Italian language was different from now.
However the meaning is the same and your translation is perfect.

Ciao
Sabrina
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