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Extreme TMA System

  • #9,541
  • Apr 20, 2012 8:23am Apr 20, 2012 8:23am
Quoting flaw
Hubby, Semafor indicator repaints a lot. If you're trading M5 you better
check the higher time frame too. EU just broke WPV, better wait for a better
price. Frank
flaw can you post your weekly and monthly pivot indicator ? tks a lot
  • #9,542
  • Apr 20, 2012 8:29am Apr 20, 2012 8:29am
Quoting harry45
Do not understand what You mean.See att.pic
Now I understand. thanks
  • #9,543
  • Apr 20, 2012 8:33am Apr 20, 2012 8:33am
I use the normal semaphor and for me works good. I like to see a H - L - LH double top formation with the numbers for shors and L - H - HL double top formation for longs.

In conjunction with a clear fail at pivot point, S/R lvl or round number + TMA Extreme rules before pull the trigger.

I trade m5 - m15 but also get a sense of what others time frames are doing.

I'll star post some live trades next week.

nice weekend for all
  • #9,544
  • Apr 20, 2012 8:43am Apr 20, 2012 8:43am
dear Al :

attach Pic of GBPUSD for drawing of breath 1-2-3 pattern @ April,20 ~

is it correct ??

brs,

SCOTT-ibm
~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_123pat_0420_m15.gif Size: 22 KB
  • #9,545
  • Apr 20, 2012 8:51am Apr 20, 2012 8:51am
Hey guys I was here b4 and now I am back hopefully for a while. Anyways I was just curious, why do we use the ha candles? I mean the system doesn't say anything about the ha candles. Is it just there for us so we don't chicken out before it reaches the other side of tma or is there something else?
  • #9,546
  • Apr 20, 2012 9:00am Apr 20, 2012 9:00am
Quoting bfis108137
Hey guys I was here b4 and now I am back hopefully for a while. Anyways I was just curious, why do we use the ha candles? I mean the system doesn't say anything about the ha candles. Is it just there for us so we don't chicken out before it reaches the other side of tma or is there something else?
It is in the Entering Trade and Trade Exits area on Page 1 maby elsewhere in the thread also. Search Heiken Ashi or HA
  • #9,547
  • Apr 20, 2012 9:04am Apr 20, 2012 9:04am
Hi there, can anyone please tell me if it matters in what session this system is used? Londen session only, or any time?
  • #9,548
  • Apr 20, 2012 9:18am Apr 20, 2012 9:18am
Quoting tomthepoppop
It is in the Entering Trade and Trade Exits area on Page 1 maby elsewhere in the thread also. Search Heiken Ashi or HA
I don't know how I missed that. Although usually the candles is the right color when you get the signal. Also it looks like crude might be shaping up for a very nice signal either towards the ny close or ext week.
  • #9,549
  • Apr 20, 2012 9:22am Apr 20, 2012 9:22am
Quoting tomthepoppop
It is in the Entering Trade and Trade Exits area on Page 1 maby elsewhere in the thread also. Search Heiken Ashi or HA
There's some good info on Al's thoughts on HA candles in post 3755 on page 251 or in Al's Wisedom Vol. 2 pdf

Hope that helps

Robert
  • #9,550
  • Apr 20, 2012 9:24am Apr 20, 2012 9:24am
Quoting harry45
Frank,if You use mentioned settings(7-28-102-204) and,for instanse, red4 (204sett.)appears on H1 or H4 as upper point ,You should get confirmation(to avoid repaint and be sure You have real maximum) -stochastic or other indi.
Theh You have Great probability PA will go down towards the red4 min.You have the whole cycle.Points 1,2,3 are intermediate HI-LO(Max-Min for M5,M15).
Try another great Russian indi MZZ9 fibo,it shows fibo channels differnt TF from
M1 till MN.
Regards
Harry, Thank you very much for the new indi. I'll study it. Also thank you for your explanation. But semafor 3 does the same thing. It shows a cycle from 3 to 3 in 3 waves. I can see 4 waves is more profitable than 3 but takes much longer time to complete a cycle. May be that's the trade-off. Frank
Wishing my last name were LESS
  • #9,551
  • Apr 20, 2012 9:35am Apr 20, 2012 9:35am
Please can any pro's tell confirm the option expiry times for NY/LON? thanks in adv!
Tracking the Specialists.
  • #9,552
  • Apr 20, 2012 9:48am Apr 20, 2012 9:48am
Quoting tomthepoppop
Hey guys - Just my observation but doesn't this do the same thing that the "spike indicator" did previously. We got rid of it because it repainted so frequently you never knew when you were getting a good signal. Can't we look at the slope indicator in conjunction with the candles themselves and if you want stochastics or some other confirmation and get the same result? I'm looking for your opinion because I am not very technical - just visual.

Tom
You're absolutely correct. Semafor indi almost does the same thing as spike indi.
It does repaint. When there is a nearby new HH or LL this indi repaints.

TMA system tries to trade the swing highs and swing lows. It's impossible to pick the exact high or low every time. We're definitely going to make mistakes. That's why Al introduced recovery method to deal with the mistakes. But there're still people like to trade with stop losses. Semafor is just one of the methods trying to do that. It's not a final product, but with my limited experience I found it does help to maximize the profit.

The method you mentioned I'm sure should work also. I'm just suggesting an alternative. Frank
Wishing my last name were LESS
  • #9,553
  • Apr 20, 2012 9:54am Apr 20, 2012 9:54am
Quoting JoaoOliveira
flaw can you post your weekly and monthly pivot indicator ? tks a lot
I just used the THV indi Al provided on page 1.
Wishing my last name were LESS
  • #9,554
  • Apr 20, 2012 10:45am Apr 20, 2012 10:45am
Is this a valid setup to go for long? A valid setup for rule 1, 3 and 4 but not rule no 2. Am i too late going in now? TMA slope is indicating BUY only. Or do i have to wait for the HA to cross from the bottom band direction to the top to enter a long position?
Attached Image (click to enlarge)
Click to Enlarge Name: m15 gu.jpg Size: 139 KB
  • #9,555
  • Apr 20, 2012 11:20am Apr 20, 2012 11:20am
Quoting tomthepoppop
doesn't this do the same thing that the "spike indicator" did previously.
Of course it does! It is even worse than the spike indicator IMHO, at least the spike indicator has those grey dots that show the repainting in the past.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,556
  • Apr 20, 2012 11:22am Apr 20, 2012 11:22am
Quoting Connected
Reported
+1

Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,557
  • Apr 20, 2012 11:28am Apr 20, 2012 11:28am
Euro/London open is a good choice through to NY. Lots of opportunities if you are patient. TMA method works in any session.

Quoting wrnr
Hi there, can anyone please tell me if it matters in what session this system is used? Londen session only, or any time?
Tracking the Specialists.
  • #9,558
  • Apr 20, 2012 11:32am Apr 20, 2012 11:32am
Quoting CaymanTrader
It took 636 pages and 9534 posts for a few people here to figure out that Al is just a liar and doesn't know shit what he does in the market. If that guy ever had a live account, he sure blow it to zero...
"Great minds discuss ideas. Average minds discuss events. Small minds discuss people." -- Eleanor Roosevelt
If I Change, the whole World changes!
  • #9,559
  • Apr 20, 2012 11:37am Apr 20, 2012 11:37am
perfect!

Quoting Forex Girl
"Great minds discuss ideas. Average minds discuss events. Small minds discuss people." -- Eleanor Roosevelt
Tracking the Specialists.
  • #9,560
  • Apr 20, 2012 11:38am Apr 20, 2012 11:38am
Nothing is for sure..... all the rules and indicators were lined up for a Short (slope kept on repainting though) about 9 hrs ago...GBPJPY & GBPUSD.... except the trend was still up...

Price was playing way outside the 4HR band..... for sure it was going to come back down soon...

But the Shorts cost me dearly...... my system went off line before I could enter SL's just before leaving for work this morning...... but I thought it was OK.

But I was over confident....Tonight, coming home, I was in for a shock seeing my 'balance' (or what change is left!) ...... never too old to learn I guess??

My 2 best buddies now...... SL and Trend..!

Your comments welcome ..... any reasons I can learn from ....why I should not have taken the trades.

Thank you kindly.
Newbie.
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