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Extreme TMA System

  • #10,501
  • May 10, 2012 1:10pm May 10, 2012 1:10pm
Quoting MMGood47
[color=DarkSlateBlue]Hello Al,
You have commented on the UJ and your expectation for it to rise from here, and the Eur is still unclear. You made an observation concerning the basket trade with 4 yen and 4 usd pairs and I wonder what your feeling is on that method at this time. Do you still think that will be a valid trading method in the future?

The reason I ask is because since that basket trade idea was brought up , I have been studying different methods and have finally come to what I feel is a terrific method. In fact I have...
The basket method works in every market as long as you pick the right side of the market. The file I posted is a Risk on/Risk off basket.

PM me your method and weŽll discuss it.
Observation is the path to discovery.
  • #10,502
  • May 10, 2012 1:11pm May 10, 2012 1:11pm
Quoting Xabier
hello AL an traders here is rsi special .greats
Thanks. IŽll check it out.
Observation is the path to discovery.
  • #10,503
  • Edited 4:07pm May 10, 2012 1:16pm | Edited 4:07pm
Quoting dorellino
Hi AL, to be honest with you the TMA bands attracts my attention 99% of the time. The Coral and the 200 sma not that much. I cannot find a reliable way to trade them. I know, because I've read the whole thread, that you haven't discussed this topic deeply (pardon me if I'm wrong). Can you tell us a bit more how you trade and behave with these two snakes ?

Best regards
Max
I donŽt trade them. I use them as confirmation of my market view at any moment. Coral above 200 MA = Bull. Coral below 200 MA = Bear. If distance between the two is increasing, the Bull/Bear is getting stronger. If distance is decreasing the Bull/Bear is weakening.
Observation is the path to discovery.
  • #10,504
  • May 10, 2012 1:19pm May 10, 2012 1:19pm
Quoting Olarion1975
Sure, I will. But later today as I am busy with my office job.

Most of the pips I gained were from positions I opened yesterday in EurAud after it was way beyond the M15 and H1 band. I added on a few times and left it open over night. When I woke, TP was hit on 2 of the 6 positions with a nice profit of +80 pips...

After it, I manually closed the remaining 4 positions with a profit of another +143 pips. 30 min ago I closed my UsdCad short position with +16 pips I opened when price went beyond the M15 and H4 band.

PS: I am almost up...
Great work !! It seems you understand how to work those bands. Keep it up.
Observation is the path to discovery.
  • #10,505
  • May 10, 2012 1:20pm May 10, 2012 1:20pm
Quoting dorellino
Repaints is not evil once you know how it works, actually it's a superb feature that adds to our arsenal, but again you have to know it. Read the whole thread and you will understand, maybe.
You need practice with the system. After many hours with it, you virtually "see" where the bands will repaint to.
Observation is the path to discovery.
  • #10,506
  • May 10, 2012 1:22pm May 10, 2012 1:22pm
Quoting jayjonbeach
That is a fantastic idea. I've got a pretty good grasp on it now I think (haven't quite finished reading everything), and I would still love to see some vids.
Very well jayjonbeach..,good to know that you support this idea..,
Hope to see more support..,i know that free time of some guys here is too little to do this...,but it does not hurt to ask...
There is no place for wimps
  • #10,507
  • May 10, 2012 1:24pm May 10, 2012 1:24pm
Quoting fedesch
Hello Alfredo,

I have been quietly following this thread for the last 3 weeks. I have started reading it from the very beginning and already the philosophy that you put behind your words is very captivating. Clearly you have a lot of experience and common sense, and above all you behave like a gentleman. For all of this and much more I admire you.

I'm glad to see that this thread has attracted a lot of smart and experienced traders that contribute towards a common goal. This is very inspirational. Myself, I'm an EOD CFD trader on stocks (I have...
Thanks for the invitation. I appreciate your compliments. After a few weeks of practice, you will start making consistent profits. It is easier with Forex than with stocks because currency pairs range a lot. The Extreme TMA system is designed specifically for ranging markets. Where all the other systems fail, this one piles up the pips.
Observation is the path to discovery.
  • #10,508
  • May 10, 2012 1:25pm May 10, 2012 1:25pm
Quoting Olarion1975
I've not used it yet because I do not enter strictly at -100 pips, but it looks like a great tool. Well done, beto!

Personally, I like to enter recovery trades manually - simply because I want to see price at least stalling (better turning) before entering. This might also be at -130 pips or -70 pips.
Good point. You treat your recovery trade just like any other order. The rules are the same.
Observation is the path to discovery.
  • #10,509
  • May 10, 2012 1:28pm May 10, 2012 1:28pm
Quoting beto21_cwb
By the way, is anyone using The Recovery System EA ?

I have not received many feedbacks about it... Anyway, I really hope no one needs to use it, but just in case... =)
Beto, IŽve only had one recovery so far since you finished the EA, on AudNzd and it is still open. If things turn sour and I have several to deal with, IŽll certainly use it.
Observation is the path to discovery.
  • #10,510
  • May 10, 2012 1:32pm May 10, 2012 1:32pm
Quoting jayjonbeach
Thank you will try that!

====

Hi Al and all. Here are my updated charts on SPX and USD. They speak for themselves really. Until something resolves I am flat for now. SPX having another test of the NL today.

Saludos
Why are you flat? There are many pairs beyond the M15 and H1 bands. Some even beyond the H4 and D1 bands.
Observation is the path to discovery.
  • #10,511
  • May 10, 2012 1:37pm May 10, 2012 1:37pm
Quoting Olarion1975
BTW, will the EA also close at BE if I would have entered the trades manually before or does the EA only handle trades that were entered by itself?
That's a very good question.

The Recovery System EA was not designed to enter any orders / make trades for you by itself, automatically.

Even though it's an EA, it only handles the already opened orders you made manually.

Say you sold EU, and you need to stay away from the computer for several hours (lunch, sleep, etc). You can use The Recovery System EA to manage this opened trade for you. Simply provide the correct ticket number (of the order you opened manually), a random magic number, and the other settings (pips to enter recovery and the levels), and that's all, you're all set.
  • #10,512
  • May 10, 2012 1:40pm May 10, 2012 1:40pm
Quoting Alorente
Beto, IŽve only had one recovery so far since you finished the EA, on AudNzd and it is still open. If things turn sour and I have several to deal with, IŽll certainly use it.
Ok, and again, I do hope nobody needs to use it !
  • #10,513
  • May 10, 2012 1:54pm May 10, 2012 1:54pm
Quoting Alorente
Why are you flat? There are many pairs beyond the M15 and H1 bands. Some even beyond the H4 and D1 bands.
You're right, and I should have specified. I am Flat on SPX, Gold, USD and Eur until those charts I posted resolve.

I am searching for other trades and trying to do more reading! I need more time, or a double! Or an EA! All the above!
  • #10,514
  • May 10, 2012 2:03pm May 10, 2012 2:03pm
Today I completed the 30th day since I linked one of my accounts with mtfxbook. As you can see, the results are pretty good for one month. All the trades were placed following the Extreme TMA first three rules with one additional condition: The H4 channel has to be going sideways or slanted in the direction of my trade or I donŽt enter the trade. I trade in H1 and I have the H4 and D1 channels on all the charts. As you can see, I did not trade every day and the most I made in any single day was 280 pips. The key is a high percentage of wins (about 90%) and keeping the average loss very small: € 38.96 per losing trade.

I also did not use any stop losses on any of the trades and only used recovery on one of them. Drawdown has been steady at 10% or below except one crazy day when it spiked to 46%. Even on that day, equity margin was still at 200%

To get good results you have to avoid losing trades. For that, you have to be very selective and patient before entering a trade. Let the trade come to you. DonŽt chase it.

I hope seeing these results encourage you to keep at it. The system works. Persistence will pay off for you.

PS- I am thinking of including the condition I mentioned above to the rules. IŽd like opinions, please. I also wanted to note that I did not look at support/resistance levels at all in entering these trades. Actually, I have taken the Pivots indi off all my charts for clarity.
Attached Image (click to enlarge)
Click to Enlarge Name: Results.jpg Size: 328 KB
Observation is the path to discovery.
  • #10,515
  • May 10, 2012 2:10pm May 10, 2012 2:10pm
Al,

As a new learner of this system I would like to extend my gratitude for a very direct and effective trading method.

I have got a long ways to go in this path that I am on, that's for sure. One thing I am curious about is that which method of pivot levels do you prefer to use on THVtzpivotsD indicator? Fib or standard version with this system, also in 15M TF do you think mid levels carry any importance or main S/R levels are more respected? Thank you in advance for your answer. I am also attaching two trades that are active currently, would like to hear your take on them.

On the second chart during the entry slope was less than 0.4 and decreasing, later on it repainted.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym15.jpg Size: 129 KB
Click to Enlarge Name: usdjpym15.jpg Size: 115 KB
  • #10,516
  • May 10, 2012 2:12pm May 10, 2012 2:12pm
Quoting Alorente
Today I completed the 30th day since I linked one of my accounts with mtfxbook. As you can see, the results are pretty good for one month. All the trades were placed following the Extreme TMA first three rules with one additional condition: The H4 channel has to be going sideways or slanted in the direction of my trade or I donŽt enter the trade. I trade in H1 and I have the H4 and D1 channels on all the charts. As you can see, I did not trade every day and the most I made in any single day was 280 pips. The key is a high percentage of wins...
Hey Al, you're the GUY!!! I'm very surprised with your support and your skills, this Forum is nothing without you!
Please may you help us a little bit more with some live trade videos ?
Thanks in advance.
There is no place for wimps
  • #10,517
  • May 10, 2012 2:22pm May 10, 2012 2:22pm
Apreciado AL los resultados son inmejorables ,estoy al lado de un gran trader .Espero aprender de usted muchisimo mas de lo que he aprendido .Darle las gracias por su paciencia y las explicaciones que da . un saludo Xabi
  • #10,518
  • May 10, 2012 2:27pm May 10, 2012 2:27pm
Quoting svezir
Al,

As a new learner of this system I would like to extend my gratitude for a very direct and effective trading method.

I have got a long ways to go in this path that I am on, that's for sure. One thing I am curious about is that which method of pivot levels do you prefer to use on THVtzpivotsD indicator? Fib or standard version with this system, also in 15M TF do you think mid levels carry any importance or main S/R levels are more respected? Thank you in advance for your answer. I am also attaching two trades that are active currently, would...
As I mentioned in my last post, I have removed my Pivots indi from all charts. I can assure you that I have not missed them at all.

As far as your charts, I definitely recommend that you have three TMA channels on all your charts. That is essential to win consistently. I have the H1, H4 and D1 channels and I use H1 TF.
Observation is the path to discovery.
  • #10,519
  • May 10, 2012 2:56pm May 10, 2012 2:56pm
Al,

I know from the original post on page 1 that you have modified ATR multiplier for 1H to 2 for all pairs and use 3 for 4H, but what do you use for the 1D multiplier?
  • #10,520
  • May 10, 2012 3:14pm May 10, 2012 3:14pm
Short GBPCHF
Long AUDUSD & EURGBP

Got in outside the 1h,4h and daily TMA bands(3xatr mulitpliers).
Any thoughts on those?
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