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Extreme TMA System

  • #9,281
  • Apr 17, 2012 6:15pm Apr 17, 2012 6:15pm
Dear Aren :

thank you for your kindly sharing indic of RK_RSI_EMA,

I install it OK, and found a interesting arrow, some are Red, the other is blue, it look like showing the swing high, and swing low,

attached pic , GBP, AUD, you can see ~

the problem is, sometime accurate, sometime not fit,

Does it need to tune, adjust those parameter inside ??


thanks a lots~

SCOTT-ibm
~~~~~~~~~~~~
  • #9,282
  • Apr 17, 2012 6:28pm Apr 17, 2012 6:28pm
Quoting carlitodog
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.
As I feared, took me out for 40pips

Now looking at USDJPY for an opportuntity to short as per our rules. Any comments on that trade?

I understand that some of you are using recovery trades for when things go wrong.... I feel more comfortable with a hard stop loss so that I can quantify my risk up front. Currently using 40pips, but Al mentions 100 pips at the start of the thread.
What are you all using?
  • #9,283
  • Apr 17, 2012 6:34pm Apr 17, 2012 6:34pm
Quoting carlitodog
As I feared, took me out for 40pips

Now looking at USDJPY for an opportuntity to short as per our rules. Any comments on that trade?

I understand that some of you are using recovery trades for when things go wrong.... I feel more comfortable with a hard stop loss so that I can quantify my risk up front. Currently using 40pips, but Al mentions 100 pips at the start of the thread.
What are you all using?
use a good trend indicator on a higher time frame and don't trade against it.
  • #9,284
  • Apr 17, 2012 6:43pm Apr 17, 2012 6:43pm
Quoting saussiche
use a good trend indicator on a higher time frame and don't trade against it.
I have been comparing EMA's of different periods to do this..
- UJ daily trend is up with retracement to 50 / 100 ema since mid march.
- UJ weekly trend is down since July 2007 (big picture)

What do you see?
  • #9,285
  • Apr 17, 2012 7:08pm Apr 17, 2012 7:08pm
Quoting carlitodog
As I feared, took me out for 40pips

Now looking at USDJPY for an opportuntity to short as per our rules. Any comments on that trade?

I understand that some of you are using recovery trades for when things go wrong.... I feel more comfortable with a hard stop loss so that I can quantify my risk up front. Currently using 40pips, but Al mentions 100 pips at the start of the thread.
What are you all using?
To answer your question - I do not use stop loss - ever
I only use recovery and so far it is working flawlessly both on demo and live trading. I am pretty careful on the trades I take and the market conditions have been pretty good so far and the trades that have gone against me have all 100% come back for a break even or slight profit. Before Al pointed out the recovery system I was using stop loss and was loosing - not any more.

Tom
  • #9,286
  • Apr 17, 2012 7:20pm Apr 17, 2012 7:20pm
You shouldn't use the recovery method with margin though...
  • #9,287
  • Apr 17, 2012 7:36pm Apr 17, 2012 7:36pm
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...

I have taken the Table of Contents and merged them with the .pdf document developed by flaw & outlined by Riddermark (as discussed in the quote). I love having the Table of Contents and in the .pdf each "chapter" should link to the coinciding posts, and the hyperlinks to the coinciding page of FF.

I had to recreate the doc in Word first and then save as a .pdf - my apologies if I have inadvertently left something out.

Do you guys like it, hate it, want me to do the same with the other volumes? I would love to put together a .pdf for specific subjects, like Recovery, or Breathing System.

Thanks to flaw and Riddermark for your work on these documents.

Gina
Attached File(s)
File Type: pdf Al's Wisdom Vol. 1.pdf   391 KB | 880 downloads
  • #9,288
  • Apr 17, 2012 7:40pm Apr 17, 2012 7:40pm
Dear Aren :

thank you for your kindly sharing indic of RK_RSI_EMA,

I install it OK, and found a interesting arrow, some are Red, the other is blue, it look like showing the swing high, and swing low,

attached pic , GBP, AUD, you can see ~

the problem is, sometime accurate, sometime not fit,

Does it need to tune, adjust those parameter inside ??


thanks a lots~

SCOTT-ibm
~~~~~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: aud_rk_rsi_ema_0418.gif Size: 31 KB
  • #9,289
  • Apr 17, 2012 7:51pm Apr 17, 2012 7:51pm
Dear Mike :

I m Confuse by you, after your 5x5 EA, after Cave manager,

repeat it again, again, Do you profit or lose during your test period ?

brs,

SCOTT-ibm

~~~~~~~
  • #9,290
  • Apr 17, 2012 8:00pm Apr 17, 2012 8:00pm
Hi Gina:

Your table of contents added is a a bonus and doubly so if you do the recovery and breathing system.

Trish
  • #9,291
  • Apr 17, 2012 8:16pm Apr 17, 2012 8:16pm
Dear Aren :

thank you for your kindly sharing indic of RK_RSI_EMA,

I install it OK, and found a interesting arrow, some are Red, the other is blue, it look like showing the swing high, and swing low,

attached pic , GBP, AUD, you can see ~

the problem is, sometime accurate, sometime not fit,

Does it need to tune, adjust those parameter inside ??


thanks a lots~

SCOTT-ibm
~~~~~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_rk_rsi_ema_0418.gif Size: 43 KB
  • #9,292
  • Apr 17, 2012 8:27pm Apr 17, 2012 8:27pm
Dear Aren :

thank you for your kindly sharing indic of RK_RSI_EMA,

I install it OK, and found a interesting arrow, some are Red, the other is blue, it look like showing the swing high, and swing low,

attached pic , GBP, AUD, you can see ~

the problem is, sometime accurate, sometime not fit,

Does it need to tune, adjust those parameter inside ??


thanks a lots~

SCOTT-ibm
~~~~~~~~~~~~
  • #9,293
  • Apr 17, 2012 8:28pm Apr 17, 2012 8:28pm
GBP Pic of Rk_rsi_ema
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_rk_rsi_ema_0418.gif Size: 43 KB
  • #9,294
  • Apr 17, 2012 9:25pm Apr 17, 2012 9:25pm
Quoting scott-ibm
Dear Aren :

thank you for your kindly sharing indic of RK_RSI_EMA,

I install it OK, and found a interesting arrow, some are Red, the other is blue, it look like showing the swing high, and swing low,

attached pic , GBP, AUD, you can see ~

the problem is, sometime accurate, sometime not fit,

Does it need to tune, adjust those parameter inside ??


thanks a lots~

SCOTT-ibm
~~~~~~~~~~~~
from the incidictor, when RSI(5) crosses MA(3), give you signal(arrow),now awing high or low. when we use it , better refer with TMA in top or bottom, good positon.
  • #9,295
  • Apr 17, 2012 9:44pm Apr 17, 2012 9:44pm
Where do we get this indicator?
  • #9,296
  • Apr 17, 2012 9:49pm Apr 17, 2012 9:49pm
Quoting saussiche
Where do we get this indicator?
u can find it.
  • #9,297
  • Apr 17, 2012 10:01pm Apr 17, 2012 10:01pm
Quoting aren
u can find it.
Does it repaint?
  • #9,298
  • Apr 17, 2012 10:16pm Apr 17, 2012 10:16pm
Quoting saussiche
Does it repaint?
i didn't find that.
  • #9,299
  • Apr 17, 2012 10:17pm Apr 17, 2012 10:17pm
Would it be at all possible to add an alert (with email if possible) to the TMA Slope Normalized Scalping indicator to alert when it goes below or above the -0.5 / +0.5? That would be a very useful alert if possible. Thanks in advance
  • #9,300
  • Apr 17, 2012 10:48pm Apr 17, 2012 10:48pm
Quoting Alorente
zzbrm finally fixed it for me. Thanks.
Al,

Thanks for responding!

Could you provide an updated version of that indicator? I'd like to see what change(s) had to be made.

Keep up the excellent work! You're obviously a very good mentor.

Best Wishes,
-Frank
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