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Extreme TMA System

  • #10,681
  • Edited 11:16pm May 15, 2012 11:07pm | Edited 11:16pm
Quoting michaelhryu
I've begun to read the manual booklets. There are 5 templets in the package. Which one should I use, please?

In fact, I download the all five templets, and installed the EAs as well as the indicators, as instructed. But my charts look differnent from your chart in Page 1 Post 1. I was wondering if I missed anything.
Your answer lies pretty much in what Al said in your quote, doesn't it?

It's not a good idea to try to bring everything ever written on the thread so far together into a near perfect system. That will not work unless you have Al's, or nanningbob's, or Favorite's experience, and obviously, you don't. Neither do I.

Al's advice: stick to the infomation and the indi's, tmplt's, EA's, on page 1. That is a complete system, and Al keeps it up to date. As your quote mentions, the other templates, EA's, and indi's that have been offered are for more advanced traders.

No system is 100%, and this is true of this one. Don't assume that if you get the right EA's, indi's, etc. that the first live trade you put on is going to be a winner, as others have done. This sets you up for staying too long in a losing trade. If it is a winner, you may begin to think the next one will be a winner as well and make the same mistake.

There is no substitute for experience, so do not expose yourself to excessive risk until you have more.

Have a plan for the trade moving against you that will not hurt your account, risk only 2% or less, for example. No matter which system you decide to use, without good money management you will lose your money.

Good luck in your trading!
The mind thinks, the heart knows...
  • #10,682
  • May 15, 2012 11:44pm May 15, 2012 11:44pm
Quoting nanningbob
Hi AL, just thought I would let you know that we trade the higher time frames but when they want to use the lower TF I tell to come to you. I think our systems compliment each other very well. People who have traded your system seem to catch on very quickly to mine and meld the two very quickly. Good luck and continue your good work. I still enjoy reading your commentary on different pairs.

I have a question for you, we know that the gbp and eur have been linked in price movement over the years. Do you think there is any possibility they could...
Hello nanningbob

I was reading your system and really is very good, I thanks all the gurus here like you, Al, Favorite (sorry if i miss some) because you are sharing good systems like this.

I was checking your 10.2 TMA slope v.1.4B 4.30, and really looks very good, is any way your programmer can modify it to set it as non MTF ind?

Thanks again
Jose
  • #10,683
  • May 16, 2012 12:50am May 16, 2012 12:50am
Quoting Alorente
Here is a neat template I have created and been experimenting with. It is ideal for trending markets and it wonŽt hurt you too much on Ranging ones because you get very few crossing signals. The aqua line is a TMA center line with the bands made invisible (Black). The Red line is a really neat MA IŽve come up with. It is a 12 Period MA of the TMA data itself.

You can trade it as always in, Buy when Aqua line crosses above Red line and Sell when Aqua line crosses below Red line.

I traded it in one of my live accounts and did quite well. Lost...
AL, I love the magic template, but while testing it i noticed is very heavy on CPU usage. Would you know why it take so many resources? and do you think there is something that can be done to lower the CPU usage??? Thanks for all you do. Regards JLC
  • #10,684
  • May 16, 2012 2:05am May 16, 2012 2:05am
Quoting Alorente
This is a similar drop to the one on 4/13. The top arrow signals where I think we are, maybe forming another Italian Boot. The bottom arrow signals where we may be going. That would turn the 200 MA slightly lower. WeŽll see.
I downloaded all the files in the Packet.zip, and put "lorente large chart.tpl" on my charts. However, my chart does not look like yours. My chart does not display "THV V4 Info" indi. What should I do, please?
  • #10,685
  • May 16, 2012 2:46am May 16, 2012 2:46am
Did you add all the indicators in the Packet file on page 1 to you Indicator folder on MT4?

You need to have those indicators on your platform for them to show up on the template.
  • #10,686
  • May 16, 2012 2:55am May 16, 2012 2:55am
Quoting michaelhryu
I've begun to read the manual booklets. There are 5 templets in the package. Which one should I use, please?

In fact, I download the all five templets, and installed the EAs as well as the indicators, as instructed. But my charts look differnent from your chart in Page 1 Post 1. I was wondering if I missed anything.
IŽm using the Lorente Large Chart template.
Observation is the path to discovery.
  • #10,687
  • May 16, 2012 2:56am May 16, 2012 2:56am
Quoting evolution9
thanks for the magic method .have used it with great success on 15m while checking 1h and 4h charts. just great thanks Al.
evo
Thanks, Evo. Please keep us informed on your daily results.
Observation is the path to discovery.
  • #10,688
  • May 16, 2012 3:01am May 16, 2012 3:01am
Quoting normtold
Did you add all the indicators in the Packet file on page 1 to you Indicator folder on MT4?

You need to have those indicators on your platform for them to show up on the template.
Yes I did add all the indis in the Packet file to my MT4 Indicator folder.

What eactly is the name of the indi for "THV V4 Info" on the chart, anyway?
  • #10,689
  • May 16, 2012 3:04am May 16, 2012 3:04am
Quoting nanningbob
Al am I seeing this right?

Well, I am going to switch my focus to the USD. It is gaining strength across the board on every currency. If you see money flowing heavily to the dollar that means something is up and people are looking for safety. Is the Greek thing going to cause a crisis again?? You have to remember whenever there is a super fundamental at work all indicators become useless and you go with the super story. Looks like one is brewing. I hope I am wrong on this one though.
Bob, as I have said repeatedly in the past, EurUsd is headed to parity by Fall. However, I expect a violent counter rally here to maybe close the gap to 1.3080. After that move is done, we should reestablish the glidepath to parity.

As far as Greece is concerned, they are headed for new elections and it all points to a Siriza win. The ultra leftist party that wants the deals renegotiated. Expect Greece to be pushed out of the Euro. The big problem right now is Spain. 10 Year bonds are yielding 6.5% this morning. This is untenable. It is Spain and Italy that can cause the total collapse. Keep your eyes focused on this:

http://www.bloomberg.com/quote/GSPG10YR:IND

A persistent rate above 6% will accelerate the panic.
Observation is the path to discovery.
  • #10,690
  • May 16, 2012 3:08am May 16, 2012 3:08am
Quoting Alorente
IŽm using the Lorente Large Chart template.
Thanks a lot! I am afraid, but my chart does not disply THV V4 Info; it has only two indis: RSI and TmaSlope_Norm. This makes me wonder why?
  • #10,691
  • May 16, 2012 3:12am May 16, 2012 3:12am
Quoting Analda3
AL, I love the magic template, but while testing it i noticed is very heavy on CPU usage. Would you know why it take so many resources? and do you think there is something that can be done to lower the CPU usage??? Thanks for all you do. Regards JLC
Yes, it does take a lot of juice to run. I am thinking of buying a new ultra fast computer to run it. I will keep my other 4 computers for the Extreme TMA system and all other charts.
Observation is the path to discovery.
  • #10,692
  • Edited 4:19am May 16, 2012 3:14am | Edited 4:19am
Daily Read,

Fundamentals :
http://www.ft.com/intl/markets/currencies
http://online.wsj.com/public/page/ne...s-trading.html
http://www.bloomberg.com/news/currencies/
http://www.fxstreet.com/news/forex-n...e-9ce14d4044c2

Fundamentals Summary : Greece worries and concerns, euro weakness,dollar strength.

Trading Wisdom of the day:
"It is a funny thing about life; if you refuse to accept anything but the best, you very often get it. -W. Somerset Maugham "

Have a profitable trading day.
Master Your Setup, Master Your self. (NQoos)
  • #10,693
  • May 16, 2012 3:14am May 16, 2012 3:14am
Quoting michaelhryu
I downloaded all the files in the Packet.zip, and put "lorente large chart.tpl" on my charts. However, my chart does not look like yours. My chart does not display "THV V4 Info" indi. What should I do, please?
The template in the zip file is the latest version. Many members wanted THV4 off the template so I removed it.
Observation is the path to discovery.
  • #10,694
  • May 16, 2012 3:28am May 16, 2012 3:28am
excellent analysis!!!!!!!!!!!!
  • #10,695
  • May 16, 2012 3:29am May 16, 2012 3:29am
There are many reasons why I expect a rebound here on EurUsd aside from having to close the gap. I listed some of them on the chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 167 KB
Observation is the path to discovery.
  • #10,696
  • May 16, 2012 4:00am May 16, 2012 4:00am
Quoting Alorente
There are many reasons why I expect a rebound here on EurUsd aside from having to close the gap. I listed some of them on the chart attached.
Al you will buy eur/usd counting on rebound ? Beacuse I'm thinking about gbp/usd than eur/usd.
  • #10,697
  • May 16, 2012 4:09am May 16, 2012 4:09am
Quoting Alorente
Bob, as I have said repeatedly in the past, EurUsd is headed to parity by Fall. However, I expect a violent counter rally here to maybe close the gap to 1.3080. After that move is done, we should reestablish the glidepath to parity.
Al, my analysis would agree with you on the target, if this is how things play out.

Definitely something to watch, big picture
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.GIF Size: 35 KB
  • #10,698
  • Edited 4:46am May 16, 2012 4:14am | Edited 4:46am
Quoting Alorente
There are many reasons why I expect a rebound here on EurUsd aside from having to close the gap. I listed some of them on the chart attached.
I agree 100% almost all Pairs are over extended and if we believe in TMA Elasticity concept we should expect @ least a correction to the H4 upper band, technically speaking. One small reminder that this system ecxels in ranging markets and now we are in trending markets in 50% of the pairs, so be careful you guys who try to use it in trending markets.
Master Your Setup, Master Your self. (NQoos)
  • #10,699
  • May 16, 2012 4:44am May 16, 2012 4:44am
Important for GBP/USD Traders
http://www.forexfactory.com/news.php?do=news&id=362425
Master Your Setup, Master Your self. (NQoos)
  • #10,700
  • May 16, 2012 5:43am May 16, 2012 5:43am
Hi Al,

You've been talking about watching the news and how you do it vigorously so you can make long term judgments on the direction of each particular currency. After all the years of you trading as well as life experience in business you have a solid grasp on the subject of how financial news effects currency.

However, I think for many of us it is very challenging to handle the deluge of facts whether economic/political/central bank decisions etc.

In addition to wading through the news ourselves and learning slowly, would you have any recommendations of competent currency commentators (in addition to yourself on this thread) who have a good track record deciphering the currency news for major fundamental changes that would effect long term currency movement?

Another reason being while I hope you will be on this thread for years to come so we can benefit from your generous trading advise and also hear your news analysis, it's possible that may not be a reasonable expectation due to life's general future responsibilities.

Thanks for your help.

Best regards.
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