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Extreme TMA System

  • #10,621
  • May 15, 2012 3:55am May 15, 2012 3:55am
Quoting biganc
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.
Thanks. I know I was a bit to quick on the trigger several times, but in described situation I was not.

I guess it was just a trade that didn't work... :-(
  • #10,622
  • May 15, 2012 4:01am May 15, 2012 4:01am
Thanks you for your answer also.

My plan was to enter double position next time there will be a solid signal and close with minimal or no loss.

But, due to market situation, NZD is reall in strong trend down now. H1 wave is in reality already for more than 2 weeks bellow h4 channel. As system is repainting itself, it only shows 1 week, but reality is 2+ weeks.

Final outcome was, I was probably not agressive enough with recovery trading.

BR


Quoting Ever E. Man
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 a 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...
  • #10,623
  • May 15, 2012 4:45am May 15, 2012 4:45am
Quoting tp0440
Thanks you for your answer also.

My plan was to enter double position next time there will be a solid signal and close with minimal or no loss.

But, due to market situation, NZD is reall in strong trend down now. H1 wave is in reality already for more than 2 weeks bellow h4 channel. As system is repainting itself, it only shows 1 week, but reality is 2+ weeks.

Final outcome was, I was probably not agressive enough with recovery trading.

BR
You might try trading very small so that a counter move doesn't hurt your account.

Personally, I like having two accounts so that I can hedge with one. If a trade goes against me more than an amount I'm comfortable losing, I can put on a hedge until it comes back. If it doesn't come back, I'm only at risk the amount I was down before I put on the hedge. If it comes back, I can take off the hedge and go for BE.

This could work as an alternative to SL (and getting whipsawed), or recovery.

A final thought: Al's been very generous with his advice. He's kept a lot of traders out of trouble (although he's very busy with other things right now, and may not be able to respond in a timely fashion.)

If he's on the thread, you might ask his advice before you pull the trigger (but after you 've done as thorough analysis as you can, including MTF, PA and global economic news, etc.)

Good luck, and best wishes!
The mind thinks, the heart knows...
  • #10,624
  • May 15, 2012 5:01am May 15, 2012 5:01am
Quoting tp0440
Thanks you for your answer also.

My plan was to enter double position next time there will be a solid signal and close with minimal or no loss.

But, due to market situation, NZD is reall in strong trend down now. H1 wave is in reality already for more than 2 weeks bellow h4 channel. As system is repainting itself, it only shows 1 week, but reality is 2+ weeks.

Final outcome was, I was probably not agressive enough with recovery trading.

BR
Hello tp0440, your education is the basic level. The Forex is all possible. Forex trading is a probability. Because no system is 100% safe. Always have a contingency when each system falls on the exam. Because there is money MANAGEMENT strategies. The Forex is envisaged where prices will go. Will go up or down. Who is 100% safe to go eur / usd down? No one. Maybe someone who has a third eye, or see the future. Therefore, at some level that can do for us that is interesting, our decision was the strong possibility that prices will go up for example. But this does not mean that prices go up 100%. It's just a big probability and nothing more. Is it 60%, 80% or 99% is not important but there is always a 1% possibility that we were wrong. All technical indicators, such as bands, with which it is about, support and resistance, pivot, and other indicators give us only the potential level where we can go with big probability that the price to go in our direction. But I repeat, this does not mean that it is 100% safe. Because there are stop loss orders prior to entering the trade we have in mind and later on the platform to determine and set us to save the ego of the great losses. When you lose some trejd, take that as a bad decision and that you paid with little money. That you have to I will decide and it should be about 2% of your account / day. Neither more nor less.
There are many things that have to learn but I think it should start right from understanding, leverage, margin call, margin, money management. Go to these sites and read all about it. Give yourself time and patience to learn to be good trader in the future.
http://www.babypips.com/school/
http://www.informedtrades.com/f111/
sorry about my english
  • #10,625
  • May 15, 2012 5:22am May 15, 2012 5:22am
Hi everyone,
this is my first post, and I want to introduce myself:
my name is Rafał(el), I'm from Poland. My passion for forex start 1,5 year ago, I don't earn any money yet, but I'm working hard everyday to do this.

First I want to thanks Mr. Lorente for everything that He write to us and what He divide with us. Goodness is bigest value in earth, it will back to you sonner or later.

Secondly I want to ask some questions(for Mr. Al or others who know answers). Past few day there is 2 new tpl and I'm very confused, with one I should use to get most chances on my favor? There is new indi 2012Sema4x, I know what it's point on chart, but how it works? What for we need Ichimoku cloud? As S/R, or other way?
Now Im use new Lorente large chart with mid line(ATR 3.0?) from lorente magic system tpl and THVTrix. I think it is optimal set of tools..

Last question, right to Mr. Lorente. In past post You write that You don't look at Extreme TMA lines, only as a confirmation... It really set my world on head.. extreme tma lines with slope indi isn't essential of this system? How do You find your entry without extr tma lines?

Thank for response.
Greetings n sorry for my english..
  • #10,626
  • May 15, 2012 5:59am May 15, 2012 5:59am
Quoting Mr C
Attachment

Bassramy or anyone else who knows how you can remove the trix window while keeping the analyse window box up in the corner ?
Thanks,
Dear sir,

I like to draw your attention to the fact that this template is AL's template and not mine, credit should be giving where credit is due.

Attached is the template, if you need the indicators too just ask and i will be more than glad to help you.

Regards.
Attached File(s)
File Type: tpl alorente extreme tma.tpl   19 KB | 583 downloads
Master Your Setup, Master Your self. (NQoos)
  • #10,627
  • Edited 7:26am May 15, 2012 7:14am | Edited 7:26am
Quoting tp0440
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,...
I still don't understand: do you trade M15 or H4? No offense, but I think you don't know it yourself!

If you trade M15, you're supposed to place your stop-loss under the previous M15 low. Did you do that? I don't think so! Otherwise your loss would be something around 20-25 pips.

And if you don't want to place a stop-loss under previous low, if you want to trade using Recovery - then you have to use a very small lot size, like Al recommended, and if you did that, you wouldn't get a heavy loss, you would lose a couple of percents.

If you trade H4, you're supposed to look at D1 and Weekly and then make a decision, and I'm sure you didn't do that and it was one of the reasons you failed. And, of course, Al doesn't recommend trading H4, he tested it and he was not very happy about the results. All other Al's tests (M1, M5, M15, H1) went great, so why did you choose the only timeframe that is not so good?

So, although you think you followed all the rules, I see that on the contrary you broke all the rules!

And there's another thing: if you want to discuss your trade, we need to see your trade! Why don't post two pictures, M15 and H4, and show where you entered?

P.S. And I don't toy around with few $ or demo accounts... But I trade my own modification, not the Al's system from post 1.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,628
  • May 15, 2012 7:43am May 15, 2012 7:43am
Quoting imbonitore
When you lose some trejd, take that as a bad decision and that you paid with little money. That you have to I will decide and it should be about 2% of your account / day. Neither more nor less.
imbonitore, you've made a very good point! MM is as important as the following the system's rules!

Quoting tp0440
BTW: I'm no begginer in finances or forex
Quoting imbonitore
Hello tp0440, your education is the basic level...



... There are many things that have to learn but I think it should start right from understanding, leverage, margin call, margin, money management. Go to these sites and read all about it. Give yourself time and patience to learn to be good trader in the future.
http://www.babypips.com/school/
http://www.informedtrades.com/f111/
sorry about my english
imbonitore, you're absolutely right! The guy says that he is not a newbie, and at the same time he doesn't understand the basic MM rule: never risk more than 2-3%...

P.S. imbonitore, your English is just fine!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,629
  • May 15, 2012 7:50am May 15, 2012 7:50am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Hi Al I tried your Alorente Extrem TMA.template and the analyse window box does not work it always has the same display is there a way to activate it without loading the THVX4 Trix V1.0.

The reason is I use other indicators in the lower windows and would like to remove the windows with the trix lines from my screen.

Also sorry to Bassarmy for giving credit that was not due and thank you for the offer of indicators, I thought you had it working on your chart, that is what impressed me not the template as everyone else here I give credit to Al for the system.

Thanks,
Of all the things I've lost I miss my mind the most .
  • #10,630
  • May 15, 2012 7:52am May 15, 2012 7:52am
Quoting imbonitore
Hello tp0440, your education is the basic level. The Forex is all possible. Forex trading is a probability. Because no system is 100% safe. Always have a contingency when each system falls on the exam. Because there is money MANAGEMENT strategies. The Forex is envisaged where prices will go. Will go up or down. Who is 100% safe to go eur / usd down? No one. Maybe someone who has a third eye, or see the future. Therefore, at some level that can do for us that is interesting, our decision was the strong possibility that prices will go up for example....
Thanks for your post. I went through babypis.com some time ago. I also try to educate more and more, but like I said: I hit exactly the trade which failed. But don't worry, although loss is not small, it'll not ruin my account.

BR
  • #10,631
  • May 15, 2012 7:54am May 15, 2012 7:54am
Quoting Favorite
I still don't understand: do you trade M15 or H4? No offense, but I think you don't know it yourself!

If you trade M15, you're supposed to place your stop-loss under the previous M15 low. Did you do that? I don't think so! Otherwise your loss would be something around 20-25 pips.

And if you don't want to place a stop-loss under previous low, if you want to trade using Recovery - then you have to use a very small lot size, like Al recommended, and if you did that, you wouldn't get a heavy loss, you would lose a couple of percents.

If you trade...
I went with open SL due to the rules of revocery, as I stated. I'm doing it still actually. I just wanted to know, if somebody has a good advice about what happened.

And there is no point in showing you precisely what I did on TMA system as it is a repainter, isn't it?

I trade min15 as a base, but with h1 and h4 TMA channels in sight. It gives a much better perpsective on the market overall.

And for conclusion: you are just full of yourself, aren't you?

BR
  • #10,632
  • May 15, 2012 8:06am May 15, 2012 8:06am
Quoting tp0440
I went with open SL due to the rules of revocery, as I stated. I'm doing it still actually. I just wanted to know, if somebody has a good advice about what happened.

And there is no point in showing you precisely what I did on TMA system as it is a repainter, isn't it?

I trade min15 as a base, but with h1 and h4 TMA channels in sight. It gives a much better perpsective on the market overall.

And for conclusion: you are just full of yourself, aren't you?

BR
He may be a bit heavy handed at times, but he always means well. He is a very, very good trader and his remarks are just his way of giving advice. He never means it personally and he always gives you something to think about and or look at again or something to consider. He is definately our friend --- and by the way so is Imbonitore. Both guys are just pretty much direct and to the point -- not flowery like me. Best of luck and good trading to you.
Tom
  • #10,633
  • May 15, 2012 8:14am May 15, 2012 8:14am
Quoting tp0440
Thanks for your post. I went through babypis.com some time ago. I also try to educate more and more, but like I said: I hit exactly the trade which failed. But don't worry, although loss is not small, it'll not ruin my account.

BR
Bild medium position.jpg
Attached Image (click to enlarge)
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  • #10,634
  • May 15, 2012 8:14am May 15, 2012 8:14am
Good advice appretiated. Contstructive criticism also. Stops here.

Thanks again to everyone. Good pip hunting to you all.

BR
  • #10,635
  • May 15, 2012 8:17am May 15, 2012 8:17am
Hi Al,
I'm trying your new amazing template; Lorente Magic System.tpl I know you use the ATRMultiplier input = 2.0 for TMA bands at all TFs. But at TMASlope Ind. and at Extreme TMAInfo Ind. you set this input= 3.0. Do we have to change this input to 2.0?
  • #10,636
  • May 15, 2012 8:22am May 15, 2012 8:22am
Quoting tp0440
And there is no point in showing you precisely what I did on TMA system as it is a repainter, isn't it?
TMA repaints, but PA doesn't! You're talking about Al's advice - then I want to see WHEN EXACTLY it happened!

Quoting tp0440
I trade min15 as a base, but with h1 and h4 TMA channels in sight. It gives a much better perpsective on the market overall.
If you trade with H4 channel for a better perspective, you should know that price can go 200-500 pips below H4 TMA channel before it changes the trend, and plan the trades accordingly.

Quoting tp0440
I went with open SL due to the rules of revocery, as I stated. I'm doing it still actually. I just wanted to know, if somebody has a good advice about what happened.
And I gave you a good advice: follow the rules! If you plan the Recovery, you have to start the Recovery when price went 100 pips against you, not 250 pips! And what is even more important: if you trade with the Recovery you must have a very small lot size, like Al recommended. Obviously you didn't follow his size's recommendations, that's why you got such a heavy loss. If you follow the Recovery rules, your loss is only a couple of percents.

Quoting tp0440
And for conclusion: you are just full of yourself, aren't you?
Yes, I am! Do you have a problem with it? Take it or leave it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,637
  • May 15, 2012 8:25am May 15, 2012 8:25am
I did start at -100 pips with recovery.

And yes, I'll take the advice part of your posts, thank you. The attitude you can keep. It's not worth anything.

BR
  • #10,638
  • May 15, 2012 8:25am May 15, 2012 8:25am
Quoting grivera
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.
Of course I am all over the news. If not I may exit too early or too late when the market panics. You have to know the context in which you are trading.
Observation is the path to discovery.
  • #10,639
  • May 15, 2012 8:26am May 15, 2012 8:26am
Quoting imbonitore
Bild medium position.jpg
This is what I told you about. Strategy or MM .... You must first determine where to enter and where the best level to enter .... do not rush and be patient .... but then it goes to market orders execution ..... Entry 1 ....ROC is -1.18% and our loss was -1.18% from the account, but we expect gains of 3.93% of the account ... In the case of entering 2 or 3 you see number what you lose and what you get ....... Finally, if we totally mistake regarding orders our total loss was from-1.18 to -3.41%. For me it is nothing .... But if pass all three orders is the gain of 3.93% to 27.19%.... This can be done on a daily, weekly or monthly, or day trading, swing trading or long term trading. You can choose what you will doing that but that's the principle of disciplined work and disciplined increase in accounts
  • #10,640
  • May 15, 2012 8:29am May 15, 2012 8:29am
Quoting tp0440
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,...
NZD came out with terrible employment figures 8 days ago and itīs been down ever since. At the same time UsdIndex gas been higher for 11 days. Iīve mentioned several times that it was very risky to trade against Usd. Having said that, I expect a nice pullback and rebound for risk currencies now that the Greek negotiations are over.

You have to read the news.
Observation is the path to discovery.
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