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Extreme TMA System

  • #10,601
  • May 13, 2012 9:41am May 13, 2012 9:41am
Quoting Riddermark
Beto,

Thanks for your responses. However, I must have not been clear on #2 so I will rephrase;

In MT4 where you see your open trades there is the "Margin level" shown as a percentage.

Is there a way to tell the EA - Don't make a Recovery trade if margin is below 200% or 300 / 800 / 1000% etc ?

Thanks for your help.

Best regards.
You made an interesting point, I never thought it that way... Let me find out how this could be done.

Thanks.
  • #10,602
  • Edited May 14, 2012 10:38am May 13, 2012 2:02pm | Edited May 14, 2012 10:38am
Quoting jayjonbeach
Note if the horizontal black line is breached one of the Alternate counts (not shown) will have been the correct one. (Really if it gets over the heavy resistance hump we have to wonder about it)

TMA-wise, we have Weekly saying my count might be wrong. Daily, H4 and H1 are all over-extended and like my count a good bit
I should have mentioned one more thing. I see two main ways to play this.

Short it right now with a nice tight SL (if so inclined to use them) right above the resistance (like ~ 30 pips above to help rule out a fakeout) or the more prudent approach of waiting to see how PA reacts again with this level and a clear signal on which way it's going. Both shooting stars on the Daily were confirmed BUT shortly after price came back up once again to test the resistance.

Since I'm already in, you know which approach I took only I was impatient with this one and got short even lower than the current price

Edit - ps I am now heavily short this thing and it just impulsed down beautifully from top. I think I will try to keep shorting it on any bounces all the way down as long as it keeps cooperating. I got in right near the top and just about every TMA was overextended when I did.
  • #10,603
  • May 14, 2012 10:31am May 14, 2012 10:31am
Quoting bassramy
This is exactly what i was talking about, i agree 100 % with you even more, thank you for your comments.
Thanks for your great attitude!
The mind thinks, the heart knows...
  • #10,604
  • May 14, 2012 11:12am May 14, 2012 11:12am
Quoting ill_be_back
Sorry the thread is Experts Tool Box not Extreme Tool Box
thanks
Yes, I found it and I am reading through it, but we will not be able to use it for our systems. The options that we need are not part of the EA.
Observation is the path to discovery.
  • #10,605
  • May 14, 2012 11:14am May 14, 2012 11:14am
Quoting jayjonbeach
Hi Al. I thought you and others might find this weekly EUR / AUD chart interesting. As you know I am currently a little underwater on this one, so with a little time now I went a little deeper into the chart than my original reasons for entering short.

I stuck quite a few details on the chart, you might have to zoom in to see them all including targets, fibs, wave relations, classic TA etc.

All highly speculative of course. Note if the horizontal black line is breached one of the Alternate counts (not shown) will have been the correct one....
Your theory is possible but there are several others that are also valid. Weīll see what happens...
Observation is the path to discovery.
  • #10,606
  • May 14, 2012 11:18am May 14, 2012 11:18am
Quoting jayjonbeach
I should have mentioned one more thing. I see two main ways to play this.

Short it right now with a nice tight SL (if so inclined to use them) right above the resistance (like ~ 30 pips above to help rule out a fakeout) or the more prudent approach of waiting to see how PA reacts again with this level and a clear signal on which way it's going. Both shooting stars on the Daily were confirmed BUT shortly after price came back up once again to test the resistance.

Since I'm already in, you know which approach I took only I was impatient...
Be careful. There is a big probability of a snap back rally for risk currencies in the next few days. It could even start today.
Observation is the path to discovery.
  • #10,607
  • Edited 11:35am May 14, 2012 11:21am | Edited 11:35am
Quoting Alorente
Be careful. There is a big probability of a snap back rally for risk currencies in the next few days. It could even start today.
Thanks AL. I am not up on my currency knowledge as you know so any guidance in that department is much appreciated. EW wise I am expected a wave 2 bounce any moment and TA wise a bounce off an upward TL.

Quoting Alorente
Your theory is possible but there are several others that are also valid. Weīll see what happens...
Yes there is always an almost equally valid alternate count in EW, which makes it VERY tricky to use and I warn most people to not even use it. For me its just one tool in the box so don't rely on only it by a long shot.
  • #10,608
  • Edited 8:18pm May 14, 2012 11:36am | Edited 8:18pm
I think my very first post in this thread a month or so ago was praise for Al after analysing the system, and it bears repeating, plus more, after using it for the last 3 days.

In all my years of Trading and Charting, and I have been ALL over the Internet and studied TA for 5000+ hours really learning WAY more than I ever needed to before I ever started trading and at this point consider myself a very well rounded and highly skilled Technician, and please I am not one to ever brag or ever say such things like this ever as I have no need for that kind of false pride and really dislike arrogant people, trust me, I just want to very strongly make the following points and didn't know how to otherwise emphasize the truths in these statements: I have NEVER, seen anyone, using a TMA Moving Average. What the F*ck ??? Lots and lots of people use Bolinger Bands to show where price might be overextended, and they are alright and I even use them myself as a very rough guide in the background. Well the TMA bands are about 30 times better! I just can't believe they have been around all this time, yet no one in the masses uses them nevermind on multiple TF's (I did see that one other thread on FF that started before this one, but I seen this one first). It was a hidden gem, a little goldmine of TA waiting to be discovered and thank goodness AL found it, analysed it, and shared it with us. The TMA slope Indy is a thing of beauty too. I have the Extreme Spike loaded on my charts as well as the White Semafor and I use VSA studies as well as EMA and Macd guidance (more than one platform running) and of course PA and Classic TA, Fibs etc. Yes some of these things repaint, it matters not. If they didn't, they would be outlawed, think about it. They are just a rough guide, when they show up you know it could be the end of a move and is likely at least close to the end, same with the overextension of the Bands. There is no Grail, but damn it I like these Bands, and especially combined with EW talk about a top and bottom picking combo...

Anyway, Al, hats off to you once again for bringing this all together, and thank you for graciously sharing it here with all. I know right now I will always have these on my charts, very grateful
  • #10,609
  • May 14, 2012 12:35pm May 14, 2012 12:35pm
A question I've always wanted to ask VSA traders - how the hell can you use volume when there is no centralised exchange??

I've 20+ years in this game but you're never too old to learn.
  • #10,610
  • Edited May 15, 2012 6:52am May 14, 2012 1:04pm | Edited May 15, 2012 6:52am
Quoting handy148

I've 20+ years in this game but you're never too old to learn.
A grounded truth, that


VSA - I think you are asking me this question. I am no expert on the subject, it is actually one of my weaker TA points ATM. There are a couple good threads here on FF and of course many good books, which I need to re-read (my memory is unfortunately poor) and even some good videos around.

Unfortunately, Volume, while not completely centralized as you state, is also manipulated, and much more so in the Stock Market (one of the reasons I moved my Day Trading to Forex). The whole f*cking game is rigged as I'm sure you know, and why wouldn't it be since we are talking about the "biggest horse race" in the World, in a very corrupted society.

Regardless, volume, is one of the very key indicators to reversals. As long as you have access to good liquidity (and preferably not through some crooked MM), not "all" the big players moves are hiding.

The subject is far too deep to go into in one post, hopefully that mostly answers your question though.

Edit - Just a pic for a quick visual
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  • #10,611
  • May 14, 2012 1:09pm May 14, 2012 1:09pm
Quoting jayjonbeach
I think my very first post in this thread a month or so ago was praise for Al after analysing the system, and it bears repeating, plus more, after using it for the last 3 days.

In all my years of Trading and Charting, and I have been ALL over the Internet and studied TA for 5000+ hours really learning WAY more than I ever needed to before I ever started trading, and consider myself better than any TA analyst I have ever seen (guess the really good ones are too busy to be on the net??) which are in the 1000's, and please I am one to never brag...
Thanks. I also love TMA. The more I use it and the more proficient I become with it, The more I like it. Of everything we have looked at since we started this thread, I feel MTF TMA together with Slope indy and Trix have become permanent on my charts. Each one individually is fantastic, but used in combination they are very powerful and they make trading a lot of fun.
Observation is the path to discovery.
  • #10,612
  • May 14, 2012 1:21pm May 14, 2012 1:21pm
Quoting Alorente
Thanks. I also love TMA. The more I use it and the more proficient I become with it, The more I like it. Of everything we have looked at since we started this thread, I feel MTF TMA together with Slope indy and Trix have become permanent on my charts. Each one individually is fantastic, but used in combination they are very powerful and they make trading a lot of fun.
I am truly astounded that in all my many many travels and books read I have really not seen these being used anywhere. After really analysing this over the last month and now using it, it boggles my mind. Its a form of "cheating" as far as I am concerned (like VSA), especially when combined with other things.

Hard to give it more praise than that.
  • #10,613
  • May 14, 2012 1:28pm May 14, 2012 1:28pm
I have a question I hope someone doesn't mind answering.

I have searched the thread to no avail, and I have tried to figure it out myself also to no avail.

How the heck do you get a Daily TMA to show up?

I tried to enter in 1440 and when I click okay etc no line appears on my chart?

Tried several times, must be missing something.

TIA
  • #10,614
  • May 14, 2012 1:36pm May 14, 2012 1:36pm
Quoting jayjonbeach
I have a question I hope someone doesn't mind answering.

I have searched the thread to no avail, and I have tried to figure it out myself also to no avail.

How the heck do you get a Daily TMA to show up?

I tried to enter in 1440 and when I click okay etc no line appears on my chart?

Tried several times, must be missing something.

TIA
Itīs probably there but you just canīt see it unless you condense the Price scale on the right. A daily TMA at 2.0 ATR Multiplier has a whopping 500 pip size.

Below is my template with 4 TMAīs M15, H1, H4 and D1 (Aqua bands).
Attached File(s)
File Type: tpl lorente large chart.tpl   39 KB | 539 downloads
Observation is the path to discovery.
  • #10,615
  • Edited 5:32pm May 14, 2012 2:08pm | Edited 5:32pm
Quoting Alorente
Itīs probably there but you just canīt see it unless you condense the Price scale on the right. A daily TMA at 2.0 ATR Multiplier has a whopping 500 pip size.

Below is my template with 4 TMAīs M15, H1, H4 and D1 (Aqua bands).
Thanks AL I will try it in a bit.

I just re-entered Eur AUD short with a tight stop after a full wave 2 retrace and 50% FR and resistance. Volume very telling, as are the bands and a few other things If it goes too much higher I'll just stop out and re-analyse. It might hunt for the 61.8 as wave 2's usually do. Edit - some hours later, it is not very sure any more whether the move up was done, got out for a small profit and waiting for break of current range
  • #10,616
  • May 14, 2012 3:40pm May 14, 2012 3:40pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
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Bassramy or anyone else who knows how you can remove the trix window while keeping the analyse window box up in the corner ?
Thanks,
Of all the things I've lost I miss my mind the most .
  • #10,617
  • May 15, 2012 2:18am May 15, 2012 2:18am
AL, do you keep in mind the economic news when you trade or you just trade by what the charts are telling you?

Thanks in avance.
  • #10,618
  • May 15, 2012 2:34am May 15, 2012 2:34am
Hi.

The numerous statemets how good this wokrs is for now still encouraging, but TMA actually lead me to a considerable loss.

After quite some good demo trades I entered long on NZDUSD for real and held it as PA was WAY lower that h4 band and at the time price was ranging. So, based on the system, PA should go to the top of h4 channel (or at least h1!). Price fell 250 pips since, made practially no move up since entry.

Yes, I read all the instructions. My idea was to use min15 band, but in conjunction to h1 and h4. When all 3 are penetrated, enter with this confluence and aim at least for h1 band in the opposite side. Perhaps I only had bad luck with this Greek fiasko, but regretably my first real trade based on TMA system is in deep sh*t.

Later on I decided to read more of this thread and noticed that even Al was stating on May 2 or 3, that NZDUSD would be a great buy at the time. So... where did I go wrong? I simply hit one of the trades that didn't work out, or am I missing something? (BTW: I'm no begginer in finances or forex).

Also... is anybody here trading some serious money, or are most of the people toying arround with few $ or demo accounts?

BR
  • #10,619
  • May 15, 2012 3:28am May 15, 2012 3:28am
I have found what works best for me trading the 15m is to make sure
if I am going long, both the 1hr and 4hr are positive and if I am going short to make sure the 1hr and 4hr are negative. I was not confirming the 1hr and 4hr direction and occasionally ran into trouble.
  • #10,620
  • Edited 11:47am May 15, 2012 3:41am | Edited 11:47am
Quoting tp0440
...
Also... is anybody here trading some serious money, or are most of the people toying arround with few $ or demo accounts?

BR
Sorry to hear about your loss. Any system will have them.

The idea is to go into a trade with the attitude that the trade is going to fail, not succeed, and have a serious risk control plan in hand ahead of time in case it does.

Don't plan on winning. Plan on what you'll do if a trade goes against you. What did you plan to do in that case BTW?

As far as serious money, Imbonitore and Alorente both trade large size, and there are others, I believe, depending on what you consider serious money.

Good luck in future trading this system.
The mind thinks, the heart knows...
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