Extreme TMA System | Page 480 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #9,581
  • Apr 20, 2012 1:49pm Apr 20, 2012 1:49pm
Quoting laciera
How do you people deal with the TMA SLOPE indicator repainting?

I have noticed at the point of trade when price crosses the band.
I will miss the trade because slope has not yet hit 0.50+
but later it shows it did ?
With practice you can clearly see where it will repaint too. It is not an issue once you master it.
Observation is the path to discovery.
  • #9,582
  • Apr 20, 2012 1:51pm Apr 20, 2012 1:51pm
For those who are down GBP and/or EURUSD -100 to -200, I just want to share that I was down on a live account over -1000 pips each on 2 trades about 6 months ago and they came back to BE without using Recovery.

It took weeks for that to happen but it happened. If I used Recovery it would have been much sooner seeing it in hindsight.

If you bet small enough and wait long enough odds are high you will get a BE on large negative trades.

Just my .02c.

Best regards.
  • #9,583
  • Apr 20, 2012 1:55pm Apr 20, 2012 1:55pm
Quoting Immvp
And this is the other post I made without reply. Is this thread only for the masters where the newcomer isn't accepted?
You can have a blue candle cross the band and then wait for a color change to enter the order. The candle that crosses the band does not have to be red. I believe you need to read the rules more carefully.
Observation is the path to discovery.
  • #9,584
  • Apr 20, 2012 1:56pm Apr 20, 2012 1:56pm
Quoting sabrys5769
I'm also short on GU from 1.6120, this is a recovery trade (my first... very difficult...) i know i made a great mistake on my entry.. so if i will be able to do this it will be a great thing for me...
Youīll be ok, Sabry. Recovery will work for you.
Observation is the path to discovery.
  • #9,585
  • Apr 20, 2012 1:57pm Apr 20, 2012 1:57pm
Quoting aren
enjoy it.
Hi aren.
May I ask you how stable this indicator is?
Do you have succes with it?
  • #9,586
  • Apr 20, 2012 2:01pm Apr 20, 2012 2:01pm
Quoting Alorente
You can have a blue candle cross the band and then wait for a color change to enter the order. The candle that crosses the band does not have to be red. I believe you need to read the rules more carefully.
So this was a valid Short trade to enter at the first red candle there, Am I right AL? I just wanna make sure if I understand the rule correctly.
  • #9,587
  • Apr 20, 2012 2:05pm Apr 20, 2012 2:05pm
Quoting Riddermark
For those who are down GBP and/or EURUSD -100 to -200, I just want to share that I was down on a live account over -1000 pips each on 2 trades about 6 months ago and they came back to BE without using Recovery.

It took weeks for that to happen but it happened. If I used Recovery it would have been much sooner seeing it in hindsight.

If you bet small enough and wait long enough odds are high you will get a BE on large negative trades.

Just my .02c.

Best regards.
If you bet small enough and wait long enough odds are high you will get a BE on large negative trades.

You know what? We talk a lot about different aspects of trading which are helpful, but if you only have to remember one thing, remember the phrase in bold face above. If you do this always, you will beat the markets consistently. Remember, price returns to a price level 99% of the time. The key is playing small enough for two reasons:

1- So you can use Recovery without putting a strain in your account, in order to cut your BE time in half.

2- So you can continue trading while your negative trade recovers.

With practice, you will win over 90% of the time with Extreme TMA. You may always have a trade in recovery but the large percentage of winners will make the difference.
Observation is the path to discovery.
  • #9,588
  • Apr 20, 2012 2:11pm Apr 20, 2012 2:11pm
Quoting Immvp
So this was a valid Short trade to enter at the first red candle there, Am I right AL? I just wanna make sure if I understand the rule correctly.
Yes. Once the candle crossed the outer band, the trade is valid. Now youīre waiting exclusively for the candle to flash red for a second. It doesnīt matter where the candle is anymore. It could be much further across the band or it could be slightly inside it. Once it turns color, you enter the trade.
Observation is the path to discovery.
  • #9,589
  • Apr 20, 2012 2:18pm Apr 20, 2012 2:18pm
Quoting Alorente
Youīll be ok, Sabry. Recovery will work for you.
By the way, this morning I entered recovery with both GU and EU. We are in the same boat.
Observation is the path to discovery.
  • #9,590
  • Apr 20, 2012 2:20pm Apr 20, 2012 2:20pm
Quoting Alorente
Yes. Once the candle crossed the outer band, the trade is valid. Now youīre waiting exclusively for the candle to flash red for a second. It doesnīt matter where the candle is anymore. It could be much further across the band or it could be slightly inside it. Once it turns color, you enter the trade.
Thank you AL for your patience in replying our answers. Your kindness will be rewarded
  • #9,591
  • Apr 20, 2012 2:25pm Apr 20, 2012 2:25pm
Quoting Alorente
By the way, this morning I entered recovery with both GU and EU. We are in the same boat.
You may say to yourself: "I thought Al was holding EU till 1.2600"?

That is true, but I entered recovery and I will close the trade at breakeven as I always do. AFTER I close the trade, I will evaluate it again and if I still feel the same way I did, I will reenter it. Remember, you can always reenter the trade, but it is important to fix in your mind the thought that Recovery is for exactly that. For Recovery. Always exit a Recovery trade at BE. Donīt fall to the temptation to turn a bad trade into a winner. Exit the trade and then reenter it as a NEW trade. Believe me, it makes a difference in your mindset.
Observation is the path to discovery.
  • #9,592
  • Apr 20, 2012 2:27pm Apr 20, 2012 2:27pm
Quoting Alorente
By the way, this morning I entered recovery with both GU and EU. We are in the same boat.
me too
A good trader follows his rules, but great trader knows when to break them
  • #9,593
  • Apr 20, 2012 2:39pm Apr 20, 2012 2:39pm
Quoting flaw
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...
~~~~~~~~~~~~~
DEAR Flaw :

Do you means that Semafor indic is used to confirm our entry point, but it only give us reference only ? not confirmation signal ?? just like spike before ?? or it is better than spike indic ??

or it need to improve itself by coding ??


happy weekend ~~

SCOTT-ibm

~~~
  • #9,594
  • Apr 20, 2012 3:02pm Apr 20, 2012 3:02pm
Quoting Immvp
What is wrong with this thread? I was asking for help from fellow members here but no one seem to even care to reply and help me out. Aren't we supposed to help each other here? I am assuming only the high-count number of posters get their replies.
Quoting Immvp
And this is the other post I made without reply. Is this thread only for the masters where the newcomer isn't accepted?
Quoting Immvp
I have read Post 1 a lot of times but I was afraid of being wrong, so i confirmed my question again before i enter my position but no one replied. Thanks Al for replying.
Hi Immvp,
I hope you will not take the following observations personally, because they are not meant to be personal.

1. Where does it say that this thread is about educating beginning traders? I can't find it and I just reread page 1 (which took up my time) to see if any reference to educating beginning traders was there and I couldn't find one. Beginning traders often expect other more experienced traders to hold there hand so they can learn to trade like an experienced trader, but this is very time consuming and not what the thread is about. This thread is about testing and developing a profitable system based on the indicators that Al has found useful, adding new indicators if they prove useful, and developing indicators for specific situations that arise. The traders on this thread have been very successful at this endeavor. It is a group effort, each contributing according to their abilities. Never has it been stated that the goal of the thread is to educate new traders.
What abilities do you have that can move this project forward exactly? I'm sure that if you have something worthwhile to contribute, Al and others would be interested and you would get a prompt response, if the other traders are not busy at the time. Constant and repeated questions from beginners slow the progress of the thread, and, in fact, Al previously stated that if you ask a question that has already been asked, it's obvious that you have not put in the time and effort in to educate yourself, so he would refuse to respond. In other words, dear trader, READ THE THREAD THROUGH COMPLETELY BEFORE ASKING QUESTIONS, AND EDUCATE YOURSELF TO THE BEST OF YOUR ABILITIES BEFORE HAND TO SHOW THAT YOU ARE WILLING TO WORK. READING PAGE 1 IS JUST THE BEGINNING! THE THREAD IS FULL OF USEFUL INFORMATION THAT MANY EXPERIENCED TRADERS HAVE CONTRIBUTED. USE IT AS THE RESOURCE THAT IT IS.

2. There is nothing personal about not getting answered, so please stop acting like a child demanding attention. There are very few traders active at this time of day, and many are thinking of other things besides giving you a free elementary education.

3. The traders on this thread are extremely generous with their time and if they are not busy, they will be happy to hold your hand and deal with your insecurities as best as they can. This is not a requirement, it is a gift of their precious time to you. So, honor it, please.

4. No offense meant, but you are the first whiner that I have encountered on the thread, though I may have missed a few, as I, too, am busy and have lots at home to deal with right now. There is no place for whiners here. We are not required to do anything for you, personally, or otherwise, so coming onto this thread is a privilege, not are requirement. Treat it as such. Something that I will give you free of charge, that is invaluable to a new trader, is that whinning is a sure fire way to be an unsuccessful trader. Successful trading is all about attitude, so start there, work hard and you will not go wrong.

5. This is thread is invaluable, and free, so if you start demanding service, you need to cough up the money and find a paying service, that has the requirement to service its customers.

I have absolutely nothing against you, personally, so please do not respond as if I do. Show your maturity by taking responsibility and responding in the same constructive manner that interactions on this thread are commonly conducted, please.

Best wishes to you for a successful trading endeavor, and all your endeavors in life.
The mind thinks, the heart knows...
  • #9,595
  • Apr 20, 2012 3:08pm Apr 20, 2012 3:08pm
Quoting Alorente
Of course itīs coming down. The question is when. Thatīs why it is so important to play small per position. You have to figure that the market will take a lot longer to do what you want than you think. You have to leave yourself the staying power to wait it out. The setup is perfect. Outside the M15, H1 and H4 bands. The next move is to the bottom of the H1. Patience and maneuvering room are essential.
Yes, I know it, Al... But, sometimes the big picture is so perfect.
have a nice week end. You deserve it!

If I Change, the whole World changes!
  • #9,596
  • Apr 20, 2012 3:22pm Apr 20, 2012 3:22pm
Hello Al,

Could/Would you please add the attached PDF file to your "Packet.zip." It is the correct documentation for the version of CaveManager that you are currently distributing for the thread.

CaveManger v1.3 is also attached. This is just for convenience, if nothing more.

Have a marvelous weekend!

Regards,
-Frank
Attached File(s)
File Type: ex4 THV CaveManager v1.3.ex4   34 KB | 489 downloads
File Type: pdf THV CaveManager EA v1.3.pdf   45 KB | 1,014 downloads
  • #9,597
  • Apr 20, 2012 3:32pm Apr 20, 2012 3:32pm
Quoting fmuir
Hello Al,

Could/Would you please add the attached PDF file to your "Packet.zip." It is the correct documentation for the version of CaveManager that you are currently distributing for the thread.

CaveManger v1.3 is also attached. This is just for convenience, if nothing more.

Have a marvelous weekend!

Regards,
-Frank
Thank you Frank. I appreciate that. Have a nice weekend.

You too, Forex Girl.

And everyone else also...
Observation is the path to discovery.
  • #9,598
  • Apr 20, 2012 3:38pm Apr 20, 2012 3:38pm
Quoting Alorente
Thank you Frank. I appreciate that. Have a nice weekend.

You too, Forex Girl.

And everyone else also...
Hope your weekend goes well! Hasta luego, Amigo!
The mind thinks, the heart knows...
  • #9,599
  • Apr 20, 2012 3:44pm Apr 20, 2012 3:44pm
Good nite all

Next week will be a traders dream - of course aren't they all?

Anyone remember "Goodnight Mrs Calabash - wherever you are. Who said it and what was it in reference too?
  • #9,600
  • Apr 20, 2012 3:48pm Apr 20, 2012 3:48pm
Quoting Alorente
You may say to yourself: "I thought Al was holding EU till 1.2600"?

That is true, but I entered recovery and I will close the trade at breakeven as I always do. AFTER I close the trade, I will evaluate it again and if I still feel the same way I did, I will reenter it. Remember, you can always reenter the trade, but it is important to fix in your mind the thought that Recovery is for exactly that. For Recovery. Always exit a Recovery trade at BE. Donīt fall to the temptation to turn a bad trade into a winner. Exit the trade and then reenter...
Thank you Al, what you teach us is invaluable to me.
Have a nice we
11 traders viewing now