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Extreme TMA System

  • #8,901
  • Edited 3:29am Apr 15, 2012 3:23am | Edited 3:29am
Quoting Alorente
Faxxion, as you can see you have several members that agree with you. I suggest that you start a thread that moves in the direction you mentioned. This thread will continue to expand on ideas and concepts as it has been doing up to now.

By having parallel threads that focus on similar systems, we are helping more members achieve success. Favorite has done that with good results. Good luck !!
Hello Alfredo,

I am sorry you took the discussion in that direction. I have no intention of starting my own thread. I was simply making an observation.

I could easily contend with a number of your comments, but as I said in the original post, I do not want drama or controversy.

I will continue to follow the thread because you are a good teacher. I just think we have lost our way a bit.

Still Your Friend,

William

P.S. I can tell I have upset you because you never address me as 'faxxion', but always as 'William'. I apologize for any injury I have caused.
may you find what you seek and trade what you find
  • #8,902
  • Apr 15, 2012 3:43am Apr 15, 2012 3:43am
William,

Put 3sma on you 15min chart:-800sma high,800sma low and 800sma close on you 15 min chart and watch what happens when it breaks that channel,it's the same as a 200sma on the 1h chart and the nearly the same as the break of the coral on the 4h chart.

Hopes this can help you in using the 15 min chart

Greetings from Belgium
  • #8,903
  • Apr 15, 2012 4:08am Apr 15, 2012 4:08am
Hola particularmente estoy aprendiendo mucho con AL y estoy estudiando cada mensaje que dice detenidamente para asimilarlo muy bien pues creo que no tiene nada de desperdicio nada de lo que dice .Estoy aprendiendo mas que todos los cursos que he realizado en 3 aņos de pago con unos resultados superiores .Tengo ganas de poder aportar algo positivamente al grupo y en ello estoy esforzandome pero veo que muchos de ustedes me sacan unos cuantos aņos luz .solo me queda agradecer AL todo lo que hace desinteresadamente por nosotros de una manera eficaz y casi personal .le deseo salud un saludo Xabi
  • #8,904
  • Apr 15, 2012 4:15am Apr 15, 2012 4:15am
Quoting Ever E. Man
The indicator was dropped because the Extreme_Spike indicator and the MA cross histogram, as I understand it, were replaced by the TMA Slope indicator, which allows for a better entry point.
I know that that the thread has grown so large that finding anything specific can be hard, but keep trying! All the indicators and instructions on page 1 are current and up-to-date. Good luck!

Hi Guys ,
To all thanks for help in locating Extreme Spike Indi which was dropped
apparently .I missed it in the Key Icon search. I am using the three [MA Crossover/Exreme Spike/TMA Slope] in a stack and finding this very useful. Even an uncoloured spike is VERY relevant . Scroll back on a chart and see the high correlation for a possible trade for all spikes .
This thread is cooking . Its a task just to stay current . Thanks and Good Luck to all participants, esp, Big AL !
  • #8,905
  • Apr 15, 2012 4:45am Apr 15, 2012 4:45am
Hey,
Some guys could find this interesting ,the indicator gives you the dollar index,you can even put some MA on it,it's not mine but could be useful for some.

Greetings

please check it out
Attached File(s)
File Type: mq4 dollarindex3.mq4   3 KB | 923 downloads
  • #8,906
  • Apr 15, 2012 5:05am Apr 15, 2012 5:05am
Quoting faxxion
Hello Alfredo,

I am sorry you took the discussion in that direction. I have no intention of starting my own thread. I was simply making an observation.

I could easily contend with a number of your comments, but as I said in the original post, I do not want drama or controversy.

I will continue to follow the thread because you are a good teacher. I just think we have lost our way a bit.

Still Your Friend,

William

P.S. I can tell I have upset you because you never address me as 'faxxion', but always as 'William'. I apologize for any injury...
Hello William,
I understand you, I read this 3D from the first post and I must say that it was hard for me to follow all the changes because every time I had to start again, but I have great confidence in Alfredo, his knowledge of the market is huge and is this knowledge he wants to teach us. In my opinion he does not want to teach only a simple system but also to understand how to trade in every situation and every type of market and the latest evolution of the system is the proof.
I hope you'll stay here with us, your contribution is very important.

Best Regards
Sabrina

P.S. i hope you understand me, English is not my best.
  • #8,907
  • Apr 15, 2012 6:04am Apr 15, 2012 6:04am
Al I want to apologize for my post also. That was a classic open mouth insert foot moment. It flew contrary to your mission statement you clearly wrote pg1 post 1. I have deleted the post and humbly apologize to you.

Nanningbob.
  • #8,908
  • Apr 15, 2012 6:50am Apr 15, 2012 6:50am
Quoting Alorente
Faxxion, as you can see you have several members that agree with you. I suggest that you start a thread that moves in the direction you mentioned. This thread will continue to expand on ideas and concepts as it has been doing up to now.

By having parallel threads that focus on similar systems, we are helping more members achieve success. Favorite has done that with good results. Good luck !!
I agree with both Al and William's sentiments. This thread has become to me more than just a system thread. Although it has extreme TMA as it's core, the discussions of using it on different time frames, with potentially different indi's and also discussion of fundamental knowledge and Al's breathing system does make it more like a lab, which is absolutely invaluable.

I do also think that if there where specific threads for specific timeframes - say a thread for Scalping Extreme TMA and a thread for longer timeframes, that it may be possible to fine tune even more the system for specific time frames.
  • #8,909
  • Apr 15, 2012 7:10am Apr 15, 2012 7:10am
Quoting Riddermark
Ive done a compilation of Al's posts that I feel are significant. The PDF is currently 65 pages long. There are a few other members posts in there such a nanningbob. DrDave, Ever E Man, etc., but it is 99% Al's posts.

This may help some of the new traders get up to speed on what I believe to be significant points from Al without having to read almost 9000 posts currently.

This was also done in the beginning of this thread by another member I believe his name was "flaw". I have attached his two volumes to this post for easier access. [u]He...
Thanks so much Riddermark for your time in creating this PDF. Although I've been here from the beginning it is a great to have a consolidated source to review now and in the future.
Barry
  • #8,910
  • Apr 15, 2012 7:42am Apr 15, 2012 7:42am
Quoting Alorente
I disagree with you 100%. The evolution of this system with the addition of new ideas and the substitution of indicators for better new ones has made the system a lot better, more solid and more accurate. This is exactly why I started this thread. To make it a laboratory of ideas that would improve the original concepts. I believe the work and contributions of all of you has accomplished exactly that. I canīt speak for the rest of members, but I have clearly improved my results. I am in a streak right now of 28 wins in a row. This in H1 charts...
Once again I thank you AL for all your teachings. What I said in post #8764 is even more relevant now. You haven't taught just a method but also how to view the currency market as a whole and to use that info to make better trades.
William, I understand what you are saying. I have had great success with the 15M TMA system and continued success (more pips per trade) with entries off the H1 bands.
For me I will continue to use the Slope indi. It gives me great confidence when entering trades (when sloping in the direction of my trade and ranging). I will also look at the RSI for greater confidence in my trade and for confirmation to hold the trade longer.
As for the thread direction I'm with you Al and will follow everything you share as you've taken my trading to a LEVEL OF SUCCESS NEVER SEEN BEFORE!
By the way: I still have not had a loosing trade. My account is up @ 65% since Feb 21st. Thanks to Al
Barry
  • #8,911
  • Apr 15, 2012 7:49am Apr 15, 2012 7:49am
Quoting Alorente
Many roads lead to Rome. Elliot Wave analysis is valid but I find it a bit inconsistent. The interesting thing is that when I began creating my breathing system, I had never looked at Elliot Wave. There are many traders that live and die by it. I guess I would be one of them if I hadnīt evolved my system.
Thanks Al,

I don't personally trade EW but thought that in this instance it reinforces your breathing system making the move more probable. But I understand anything goes in forex.

Your patience and mentorship on here is invaluable and I along with many here i am sure, can't wait to see more of your system(s). The rate at which you release information is also spot on IMHO.

Jay, thank you for pointing out the incorrect labelling of move (i) and (ii), it comes to show I still have a long way to go. With the lights of many here and especially Al, the learning curve for me is alot steeper now, it has been flatline for too long

I also hope to be able to contribute in future.

THANKS ALL!
  • #8,912
  • Apr 15, 2012 8:59am Apr 15, 2012 8:59am
Quoting faxxion
Hello Alfredo,

I am sorry you took the discussion in that direction. I have no intention of starting my own thread. I was simply making an observation.

I could easily contend with a number of your comments, but as I said in the original post, I do not want drama or controversy.

I will continue to follow the thread because you are a good teacher. I just think we have lost our way a bit.

Still Your Friend,

William

P.S. I can tell I have upset you because you never address me as 'faxxion', but always as 'William'. I apologize...
Hi William,

I understand what you're trying to say. I'm lost with so many aspects that have emerged from this system. I also agree with Alfredo when he said the system is dynamic, but I prefer to keep the first line of reasoning. So, What Have I done? I read all the topics and select those that meet my trading method within the line of the original system (Extreme TMA).
Anyway, I'll keep following this thread, because I have learned from Alfredo much more than any other school or method. And He is so generous as many of you here.

Bye
If I Change, the whole World changes!
  • #8,913
  • Apr 15, 2012 9:23am Apr 15, 2012 9:23am
Quoting faxxion
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades now? If not, what are we doing?

Look at the changes.

We had a defined approach to day trading with 4 simple rules. Now we have a 10 point checklist for a single entry with a monolith of technical analysis. We had a concrete set of indicators.
I understand what you are saying, however it seems very clear to me that the bases of all of your assumptions and statements stem from this: "We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades now?"
which is flawed since the answer is YES. Imho, the changes ARE making up for more accurate trades and i even have more confidence as with the advanced system than with the simple original one. As Al, said earlier in this thread, no system can be as simple and expected to be profitable in the long term. I believe that AL is not only great but a superb teacher. He gave us a system at Lvl. 1 and together we developed it to a system at lvl.10, where we could understand what lead from lvl 1 to lvl10. I think AL had much more going on when presenting the simple system in page 1 but he handed it to us bit by bit in order for us to understand it.

Attached Image
  • #8,914
  • Apr 15, 2012 9:33am Apr 15, 2012 9:33am
Quoting faxxion
Hello Alfredo,

I am sorry you took the discussion in that direction. I have no intention of starting my own thread. I was simply making an observation.

I could easily contend with a number of your comments, but as I said in the original post, I do not want drama or controversy.

I will continue to follow the thread because you are a good teacher. I just think we have lost our way a bit.

Still Your Friend,

William

P.S. I can tell I have upset you because you never address me as 'faxxion', but always as 'William'. I apologize for any injury...
Sorry William, the reason I addressed you as faxxion is from reading it in the Hall of Fame. I have been editing the first post repeatedly the past few days. You will always be William to me.

You donīt know me, friend. I never become upset about anything. Sorry if it sounded that way in writing. I really believe it would be a good idea if you opened a new thread for the more conservative members who prefer more traditional methods of trading with stop losses, hedging and less changes in the system.

I donīt believe we have lost our way at all because, as Dr. Dave says, what we have is exactly what I set out to build with help from all the members who have contributed.
Observation is the path to discovery.
  • #8,915
  • Apr 15, 2012 9:51am Apr 15, 2012 9:51am
Quoting nanningbob
Al I want to apologize for my post also. That was a classic open mouth insert foot moment. It flew contrary to your mission statement you clearly wrote pg1 post 1. I have deleted the post and humbly apologize to you.

Nanningbob.
Bob, there is no need to apologize for anything. We all grow in our understanding when opinions of all kinds are stated. I love discourse and I am a firm believer in free expression of opinions. I was only stating that the path that this thread has taken is exactly what I intended since my first post. There are a lot of ways to trade. As you look at a potential trade from many angles, your knowledge improves and the level of confidence increases. As Sabry states, it was never my intention to limit this thread to one system. I believe firmly that as members learn to use the many tools in the toolbox, their confidence will increase and that will help many to becoming professional traders some day. The markets are in constant change. The system that works today may not work tomorrow. Having many weapons in the arsenal is essential to consistently winning in the markets.
Observation is the path to discovery.
  • #8,916
  • Apr 15, 2012 9:54am Apr 15, 2012 9:54am
Hello Al

If you open any currency chart, let's say on the H1, do you have any suggestions what a person would look for to start the first breath? Thanks for your reply.
  • #8,917
  • Apr 15, 2012 9:57am Apr 15, 2012 9:57am
Quoting los_pipos
I agree with both Al and William's sentiments. This thread has become to me more than just a system thread. Although it has extreme TMA as it's core, the discussions of using it on different time frames, with potentially different indi's and also discussion of fundamental knowledge and Al's breathing system does make it more like a lab, which is absolutely invaluable.

I do also think that if there where specific threads for specific timeframes - say a thread for Scalping Extreme TMA and a thread for longer timeframes, that it may be possible to...
I agree. More focused threads on various aspects of this one would be very beneficial. I just donīt have the time for additional threads. My mother, who recently has quickly become blind from glaucoma, has moved to live with me since three weeks ago and tending to her absorbs a large part of my day. It would be great if some of you start spinoff threads that would focus more on specific aspects of what we are discussing here.
Observation is the path to discovery.
  • #8,918
  • Apr 15, 2012 9:58am Apr 15, 2012 9:58am
Quoting Deepfxtrader
Hey,
Some guys could find this interesting ,the indicator gives you the dollar index,you can even put some MA on it,it's not mine but could be useful for some.

Greetings

please check it out
Thanks. I will try it out. Iīve been looking for something like this for quite a while.
Observation is the path to discovery.
  • #8,919
  • Apr 15, 2012 10:04am Apr 15, 2012 10:04am
Quoting Bary
Once again I thank you AL for all your teachings. What I said in post #8764 is even more relevant now. You haven't taught just a method but also how to view the currency market as a whole and to use that info to make better trades.
William, I understand what you are saying. I have had great success with the 15M TMA system and continued success (more pips per trade) with entries off the H1 bands.
For me I will continue to use the Slope indi. It gives me great confidence when entering trades (when sloping in the direction of my trade and ranging)....
Iīm very happy to hear of your success, Bary. I recommend you practice the RSI trendlines system until you master it. Even if you donīt take trades from it, it will serve you as confirmation for your TMA trades and that will build more confidence. After all, it is confidence in your own knowledge and experience in putting it into practice, that will lead you to become an excellent full time trader.
Observation is the path to discovery.
  • #8,920
  • Apr 15, 2012 10:12am Apr 15, 2012 10:12am
Quoting Bary
Thanks so much Riddermark for your time in creating this PDF. Although I've been here from the beginning it is a great to have a consolidated source to review now and in the future.
Bary,

Happy it has been helpful to you. Anything that will make learning this system and AL's other teachings in an efficient way is a good idea in my humble opinion.

Best regards.
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