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Extreme TMA System

  • #9,221
  • Apr 17, 2012 6:35am Apr 17, 2012 6:35am
Quoting faxxion
Not a good night for trading lazy. When I went to bed the 6 pairs were up 115 pips. When I woke up 4 pairs had been stopped out for 30 pips loss each. The other 2 were down about 15 pips each. Total -150 pips.
William,
What is the successful rate with evening basket and morning basket?
Follow me to the Promised Land
  • #9,222
  • Apr 17, 2012 6:39am Apr 17, 2012 6:39am
Quoting Alorente
This article takes for granted that long term money likes the playing conditions for the euro currently. The writer doesnīt know that. I am very skeptical of what he says. The euro is in danger and "long term" money knows that as well as short term traders do.
Writer of this text perfectly knows where is going forex market. The writer is one of the best traders in the world for 20 years. His real account is about 3 billion euros. yes.... 3 billion euros!!!!!!!!!!. This forum certainly seems impossible for someone to play with so much money.
All these years I follow his work and never go wrong. In the short term to some unforeseen things happen, but never a long term mistake. Do you think that the USD has a future? and if you have a future, what investors, but large investors wants invest in usd (interest rates at 0%!!!!) I dont think so....
euro must not fall ... And if the whole world will be buying the euro in order to save ... Just look at the news .... any remotely good news is the EU stronger euro, any news from the USA which is not very much good again stronger euro. It seems to happen a total chaos and the collapse of the markets that the euro sank deep down. Switzerland, Japan and other countries to buy euro in times of crisis to save it ... as it is today Switzerland has, to buy euro. Euro falls slowly which is very surprising for a bear trend, but rapidly increases when the bull trend.Personally, I am very cautious when it needs to get into short positions.

what is important? Big investors have not yet entered the market .... but are expected to start later this month or beginning of the next ... whether they will invest in U.S. dollars? whether they will invest in Euro? judge for yourself
  • #9,223
  • Apr 17, 2012 6:41am Apr 17, 2012 6:41am
Al,

can you let us know when the basket meets its entry rule?
Attached Image (click to enlarge)
Click to Enlarge Name: baskt08h1.gif Size: 22 KB
Follow me to the Promised Land
  • #9,224
  • Apr 17, 2012 6:50am Apr 17, 2012 6:50am
Quoting sabrys5769
hello Al,
I have a question about recovery, i read the pdf but i need a clarification:
If i'm short and price goes against me 100 pips but the conditions are not yet correct to enter a trade in recovery,What should i do? Wait for the conditions or take a loss?
Another point: 100 pips are a personal choice or depends On which tf you trade or what currency you trade?

Thank you
Sabrina
You should wait for the conditions and then enter the trade even if it went back under 100 pips.
Observation is the path to discovery.
  • #9,225
  • Apr 17, 2012 6:54am Apr 17, 2012 6:54am
I found what benefited me most from this thread are Al's tips here and there. Hope they can help you too.
Attached File(s)
File Type: pdf Al's Wisdom Vol III.pdf   3.8 MB | 1,285 downloads
Wishing my last name were LESS
  • #9,226
  • Apr 17, 2012 6:58am Apr 17, 2012 6:58am
Quoting imbonitore
Writer of this text perfectly knows where is going forex market. The writer is one of the best traders in the world for 20 years. His real account is about 3 billion euros. yes.... 3 billion euros!!!!!!!!!!. This forum certainly seems impossible for someone to play with so much money.
All these years I follow his work and never go wrong. In the short term to some unforeseen things happen, but never a long term mistake. Do you think that the USD has a future? and if you have a future, what investors, but large investors wants invest in usd (interest...
There is a limit to what democratic governments will do against their selfish interests. The limit is always the next election. Yes, other countries and the IMF will support the euro with lending, but the money that is lost in the support of peripheral economies that have no future outside of a United Europe, must in the end come out of the pockets of Northern European citizens. How long do you think they will put up with their tax money going to weak economies that can never pay it back? Just think about this, since the euro crisis started, every European country that has had an election, has changed government. The next one to fall is Sarkozy. Merkel comes in 2013. Do you think she will follow the losers? I donīt think so. I believe Germany will get tougher as we move through this year and either it forces the weak economies out or Germany herself will exit.
Observation is the path to discovery.
  • #9,227
  • Apr 17, 2012 7:12am Apr 17, 2012 7:12am
Quoting Alorente
There is a limit to what democratic governments will do against their selfish interests. The limit is always the next election. Yes, other countries and the IMF will support the euro with lending, but the money that is lost in the support of peripheral economies that have no future outside of a United Europe, must in the end come out of the pockets of Northern European citizens. How long do you think they will put up with their tax money going to weak economies that can never pay it back? Just think about this, since the euro crisis started, every...
We will never know what happen in the future, not even know tomorrow. For us retail traders just take what market give us one day at a time and let big boys worry about tomorrow. Then we dance with them.
Follow me to the Promised Land
  • #9,228
  • Apr 17, 2012 7:29am Apr 17, 2012 7:29am
Quoting xlitang
We will never know what happen in the future, not even know tomorrow. For us retail traders just take what market give us one day at a time and let big boys worry about tomorrow. Then we dance with them.
True, but itīs fun to speculate about the future...
Observation is the path to discovery.
  • #9,229
  • Edited 8:28am Apr 17, 2012 7:41am | Edited 8:28am
Long ago someone told me "Free advice is worth every penney of it" so as Al says it fun speculating but no one knows what will happen next or that trading and economic forecasting would be easy.
  • #9,230
  • Apr 17, 2012 8:23am Apr 17, 2012 8:23am
Quoting xlitang
For us retail traders just take what market give us one day at a time and let big boys worry about tomorrow. Then we dance with them.
I like the idea of this, but lately the market hasn't given me anything.

Short on AUD; 40pip SL - now looks like it's going to turn around and take me out again...... does anyone care to comment?

I look forward to some feedback / guidance.
Attached Image (click to enlarge)
Click to Enlarge Name: aud17-04.jpg Size: 243 KB
  • #9,231
  • Apr 17, 2012 8:25am Apr 17, 2012 8:25am
Tick tock tick tock, when will the price action ....




DROP
Tracking the Specialists.
  • #9,232
  • Apr 17, 2012 8:29am Apr 17, 2012 8:29am
Quoting Alorente
You should wait for the conditions and then enter the trade even if it went back under 100 pips.
yes, this is clear... I was thinking what to do if price goes against me 150 200 pips without the conditions to enter in recovery, but at this point I think we need to use discretion ...
thanks for your answer.
  • #9,233
  • Apr 17, 2012 8:43am Apr 17, 2012 8:43am
Al,

I created the Basket 6 indi on JMW1070's thread. You should be using Basket6-1 or Basket6-v1. Post the list of pairs you would like as a basket and I will re-code and post the Basket indi specifically for TMA, as well as instructions on how to change the pairs yourself.

For data, as some other member has suggested, Open charts for all pairs, deselect AutoScroll and click cntrl+PageUp till you have sufficient amount of data.

Cheers

Pat
  • #9,234
  • Apr 17, 2012 8:55am Apr 17, 2012 8:55am
Quoting surfandi
i made another simple indicator change.

it is an mtf rsi (also for those who like to watch 1h rsi in smaller tfīs) with the standard line and also dotted points.
i think/hope it helpīs to draw the trendlines more exatly on the rsi...

i wish i would have the coding skills to make it with automatic trendlines - i search the web for it but all i could find was for buying!

i hope i donīt spam the thread!

muchas gracias Al para todos - tu eres una muy buena persona !!!
sorry for my english (i espanol) soy de allemagna
Try this one with open code.Hope it helps
Attached File(s)
File Type: mq4 Divergence_Petr.mq4   64 KB | 547 downloads
  • #9,235
  • Apr 17, 2012 9:18am Apr 17, 2012 9:18am
thank you...
this one looks promising!
  • #9,236
  • Apr 17, 2012 9:19am Apr 17, 2012 9:19am
Quoting Pat1
Al,

I created the Basket 6 indi on JMW1070's thread. You should be using Basket6-1 or Basket6-v1. Post the list of pairs you would like as a basket and I will re-code and post the Basket indi specifically for TMA, as well as instructions on how to change the pairs yourself.

For data, as some other member has suggested, Open charts for all pairs, deselect AutoScroll and click cntrl+PageUp till you have sufficient amount of data.

Cheers

Pat
Thanks.

Can you bring us up to speed what this indi does?
Follow me to the Promised Land
  • #9,237
  • Apr 17, 2012 9:26am Apr 17, 2012 9:26am
Quoting faxxion
Not a good night for trading lazy. When I went to bed the 6 pairs were up 115 pips. When I woke up 4 pairs had been stopped out for 30 pips loss each. The other 2 were down about 15 pips each. Total -150 pips.
I like your 20pip TS idea, that or you could have an exit based on an EMA crossover.
  • #9,238
  • Apr 17, 2012 10:21am Apr 17, 2012 10:21am
Quoting faxxion
Now that I know people are watching, I cannot sleep.

So far the 6 pairs are up about 80 pips with the AUDJPY leading the way.

Maybe I should include a trailing stop.

Before this was just an experiment.

Now I am nervous.
Try not to lose sleep over this, I am sure those that try it will do so on demo.

Found 5 pairs at 3PM GMT. All 0.02 Lots

Eur/Gbp sell looks like it might hit S/L
Eur/Usd long closed half for 36.8 pips, trailing the other half @ 23 pips.
Gbp/Usd long closed half for 24.2 pips, trailing the other half @23 pips.
Usd/Chf sell closed half for 25.3 pips, trailing other half @ 23 pips.
AudNzd buy, closed it all for 5 pips.

Maybe too soon but Ilike to bank profit.
  • #9,239
  • Apr 17, 2012 10:47am Apr 17, 2012 10:47am
Quoting normtold
Try not to lose sleep over this, I am sure those that try it will do so on demo.

Found 5 pairs at 3PM GMT. All 0.02 Lots

Eur/Gbp sell looks like it might hit S/L
Eur/Usd long closed half for 36.8 pips, trailing the other half @ 23 pips.
Gbp/Usd long closed half for 24.2 pips, trailing the other half @23 pips.
Usd/Chf sell closed half for 25.3 pips, trailing other half @ 23 pips.
AudNzd buy, closed it all for 5 pips.

Maybe too soon but Ilike to bank profit.
please help me I do not understand anything.

EUR / USD long closed half for 36.8 pips, trailing The Other Half @ 23 pips.

what program you use when close half and then half
  • #9,240
  • Edited 11:31am Apr 17, 2012 11:12am | Edited 11:31am
I closed half the position manually, and set the S/L manually.

Originally I used the Luktom EA to set my 30 pip S/L and 100 pip TP on all pairs.

Where and when to close is a personal choice.

Please find details of where the idea came from in post 9087.
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