Extreme TMA System | Page 538 | 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

  • #10,741
  • May 16, 2012 8:05pm May 16, 2012 8:05pm
Quoting Alorente
I agree with you. In fact, I just shorted it.
Hi Al. shorting usdcad is against the slope indi which is still a buy. Can you elaborate?
Thanks
Max
  • #10,742
  • May 16, 2012 8:39pm May 16, 2012 8:39pm
Quoting dorellino
Hi Al. shorting usdcad is against the slope indi which is still a buy. Can you elaborate?
Thanks
Max
When I entered USD/CAD it was above the H4 line and TMA H1 was above the H4 TMA and it was banging against FPV - My second entry came as it banged against R1 - Now the Slope Indi was not in the ranging yet but was headed down - It now is in the Ranging area on H1 which is the timeframe I entered in.
Now that just means it is running out of steam on the upstream so I used some discretion since I was not going to stay up all night and I entered. I do not use Stop Loss - I use Recovery. I have used it probably 8 times and all have been successful - So I do not worry about it - It will come down. Soon. Just my opinion. Thanks - Tom
  • #10,743
  • May 16, 2012 9:56pm May 16, 2012 9:56pm
Quoting rumbaut
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
Probably could but I am sure you have programmers here that can do that. I think I looked at one and didnt think it was a good fit. I think ZZ has a MTF already on his thread so you could check there.
  • #10,744
  • May 17, 2012 1:17am May 17, 2012 1:17am
Hello Guys and Al,

I am so sorry to interrupt the great thread!

I just found TMA Extreme and i am so excited to try it.

I have downloaded the zip file on the first page of this thread, I have read all the pdf files contained but still need someone to please give me a simpl break down entry criteria.

Like a 1. 2. 3. step process.

My 2nd question, The high ATR, large or small or the Low Atr Large or small?

Whats the basic difference.

I know this is annoying but please help me.

Al, thanks so much for creating such a beast!
  • #10,745
  • May 17, 2012 1:29am May 17, 2012 1:29am
Quoting dorellino
Hi Al. shorting usdcad is against the slope indi which is still a buy. Can you elaborate?
Thanks
Max
I just went in very small for a counter trend rally I expect to happen today and tomorrow. Nothing big.

I agree. The trend is still higher. This trade is a scalp trade for 50 to 100 pips max, which does not follow the Extreme TMA rules. I donīt recommend that you follow it. Unless you have good timing, counter trades should not be tried. I usually stay far away from them, with an exception every once in a while just for fun.
Observation is the path to discovery.
  • #10,746
  • May 17, 2012 3:11am May 17, 2012 3:11am
What you have is a Flag Pennant continuation pattern with an Elliot Wave Triangle as the Flag. Target is usually the length of the pole. The move out of Triangles like this is usually explosive, however the bigger the TF the bigger the reaction. This is on M10. Note the big Candle out of the Flag was a fakeout from yesterday, price retreated back inside, the the "Triangle" grew bigger since then.

All speculative of course. Everything could be wrong, no crystal ball
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pennant.GIF Size: 68 KB
Click to Enlarge Name: EW.GIF Size: 46 KB
  • #10,747
  • May 17, 2012 3:51am May 17, 2012 3:51am
Anyone can confirm that the indi we largely use when displayed on Daily it does not work properly?
It happens that if I set the parameters of Extreme TMA to 240 or 60 min and switch the chart to Daily view the band will show as it was set to 1440 (daily).
Anyone experiencing this?
Thanks
Max
  • #10,748
  • May 17, 2012 3:53am May 17, 2012 3:53am
Hello guys,
I've been reading a lot so far until now and to be honest, thru all the changes, Al is the system

Market is always in changing and you'll never find a indicator that will fit in it all the time. From start of the topic there was a lot of changes. New indie, bad indie. Now 'we' change the slope to -25/+25.

Personal I trade from my phone in H1. I've managed to develope a system signal based. I keep the MT4 on a dedicated service 24/7 online and when my phone start to ring, I use MT4Connected.ex4 (google, free service) to connect to my MT4 thru the mobilephone. Mostly because I save a lot of time and keep me out of stress.

I use Al's slope indie for a "big picture" when I decide to take or not to take a signal. I use also WeeklyOpen indie developed in naningbob's thread and shahrooz67 $hah oscilator to see in H1 what happens in H4 and D1.(not repaint issue)

Combined, they look like this:
http://i50.tinypic.com/fyojmp.gif

So, my trading style contain 3 'parts':
-Position part - where I decide when to buy/sell, signal part; (1% per position)
-Semi-automatic management of my opened positions;
(Multi purpose trade manager.ex4 here)
-Naningbob recovey system (no SL when I have a bad trade)

The 2 big issues:

With Al's new rules for slope indie and TMA bands, I'm confused because when slope start to rise and go to "BUY ONLY", already touched the sell band and you'll never know when is a beggining of a uptrend or just go in a ranging one so will turn down, and you can't study the history also because of the repaint issue. Maybe this is just me.
I'll apreciate if you guys can explain this one to me, because I can't explain myself, how to keep a referince about this when decide to take a trade.

Second issue is about my EA trade manager and recovery part.
I use BE option and trailing stop, no TP.
So, when price go 13 pips in favor, the EA put a SL to BE to protect my positions. (30-40% of good trades closed to fast because of this, but also 30-40% of bad trades go out and I'm like "phew... , this was close")

Trailing stop part, 30 pips trail, with option to close a part of the position when certain levels touched.

Problem here is when I have a recovery trade in action. How to not use a trailing stop to this one?
The EA manager has a "recovery section" for naningbob's system, but not working because of the BE and trailing stop part is automated. How to separate them?
I open my positions manually, so is no "magick number" involved.
Do you have any ideas or maybe another EA manager that works both ways?

Big thanks.
Kenn
  • #10,749
  • May 17, 2012 4:59am May 17, 2012 4:59am
Al, it is funny how after you threw in the towel, the market proved you right. Do you still think we will close the gap, continue down, or settle near 1.26xx range?
  • #10,750
  • Edited 5:34am May 17, 2012 5:22am | Edited 5:34am
Daily Read,

Fundamentals :
http://www.fxstreet.com/fundamental/...al/2012/05/16/
http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies

Summary :
.Fed minutes show possible need for further stimulus; a $ at Europe's mercy
.Pound falls against dollar as BoE cuts growth forecasts
.Greece Woes
.Euro starts to crack as investors eye exit
.Euro Consolidates
.ECB Stops lending to some Greek banks to limit its risk

Technically speaking :
Just My Opinion :
Markets are over extended, correction is due, PA bearish exhaustion is seen, unless one more piece of bad news take the prices further down we should see at least a consolidation and at most a minor correction taking in consideration the more and more bad news form europe.
Personnely i don't buy in a down trend, in a down trend i only take short signals and vice versa, period.

Daily Trading Wisdom:
"The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavor. -- Vince Lombardi"

Have a good profitable Day.
Master Your Setup, Master Your self. (NQoos)
  • #10,751
  • May 17, 2012 5:39am May 17, 2012 5:39am
For GU Traders.
My opinion next target 1.54500 bottom of the up W1 Trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: gu d1.gif Size: 42 KB
Master Your Setup, Master Your self. (NQoos)
  • #10,752
  • May 17, 2012 5:55am May 17, 2012 5:55am
Quoting synaptium
Hello Guys and Al,

I am so sorry to interrupt the great thread!

I just found TMA Extreme and i am so excited to try it.

I have downloaded the zip file on the first page of this thread, I have read all the pdf files contained but still need someone to please give me a simpl break down entry criteria.

Like a 1. 2. 3. step process.

My 2nd question, The high ATR, large or small or the Low Atr Large or small?
We donīt use the High/Low ATR templates any more. We use the Lorente Large chart template that treats all pairs the same, at 2.0 ATR Multiplier...
We donīt use the High/Low ATR templates any more. We use the Lorente Large chart template that treats all pairs the same, at 2.0 ATR Multiplier which is the default value in ExtremeTMALine and Slope indicators.

You should try to read the entire thread. There is a wealth of information there to help you become an expert trader.
Observation is the path to discovery.
  • #10,753
  • May 17, 2012 6:01am May 17, 2012 6:01am
Quoting jayjonbeach
What you have is a Flag Pennant continuation pattern with an Elliot Wave Triangle as the Flag. Target is usually the length of the pole. The move out of Triangles like this is usually explosive, however the bigger the TF the bigger the reaction. This is on M10. Note the big Candle out of the Flag was a fakeout from yesterday, price retreated back inside, the the "Triangle" grew bigger since then.

All speculative of course. Everything could be wrong, no crystal ball
Analyzing the Daily chart of UsdIndex, EurUsd, Gold and S&P500, I expect consolidation in UsdIndex to 80 and then breakout to a new high. Of course, anything can happen...
Observation is the path to discovery.
  • #10,754
  • Edited 7:04am May 17, 2012 6:52am | Edited 7:04am
Quoting Alorente
Analyzing the Daily chart of UsdIndex, EurUsd, Gold and S&P500, I expect consolidation in UsdIndex to 80 and then breakout to a new high. Of course, anything can happen...
Was a nice move already, it could go past 82 but that has been a looming target for it for some time. It should at least pause there and probably correct I'm sure, assuming it goes another 0.20 but the Triangle confirmed and price acted accordingly.

I think Pennant target is ~ 82.60, I have not checked long term charts yet for Supply areas. Triangle target, which I would consider more reliable, is roughly 82. Triangles signal the final move of a leg, so once its done whether that is, it should correct to a Fib.

Gold has been doing a good job of resisiting so far, but I see a little bear flag that wants to break down, inside a much bigger one, have not finalized my EW count on it, but I think its close to done. Edit - It looks done alright, it just exploded, was likely waiting for USD, hard to say what this is yet though, could even be a fakeout the NY MM's don't play nice for sure. Let's see, and let's see if the buck makes it to 82, there is nothing stopping it up here where it is now
  • #10,755
  • May 17, 2012 7:08am May 17, 2012 7:08am
Quoting aren
Thank you!
I want you to share this indie.

colord candle and MA? etc.

Thanks!
Attached Image
  • #10,756
  • May 17, 2012 7:27am May 17, 2012 7:27am
Quoting dorellino
Anyone can confirm that the indi we largely use when displayed on Daily it does not work properly?
It happens that if I set the parameters of Extreme TMA to 240 or 60 min and switch the chart to Daily view the band will show as it was set to 1440 (daily).
Anyone experiencing this?
Thanks
Max
You can see larger TF channels than the chart TF but you canīt see smaller TF channels on larger TF charts. They all revert to the chart TF. Why? I donīt know but it has always been that way.
Observation is the path to discovery.
  • #10,757
  • May 17, 2012 7:36am May 17, 2012 7:36am
Quoting grechmar
Al, it is funny how after you threw in the towel, the market proved you right. Do you still think we will close the gap, continue down, or settle near 1.26xx range?
I was out too early because I was expecting the test of the neckline from underneath to occur sooner. In the end, it should end up the same. I am long now and the neckline should be tested at 1.30 and around there I will short again. I never expected the test of the 1.2640 low BEFORE the test of the broken neckline. Sometimes the market does irregular things.
Observation is the path to discovery.
  • #10,758
  • May 17, 2012 7:44am May 17, 2012 7:44am
Quoting bassramy
Daily Read,

Fundamentals :
http://www.fxstreet.com/fundamental/...al/2012/05/16/
http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies

Summary :
.Fed minutes show possible need for further stimulus; a $ at Europe's mercy
.Pound falls against dollar as BoE cuts growth forecasts
.Greece Woes
.Euro starts to crack as investors eye exit
.Euro Consolidates
.ECB...
I usually do not counter trend either. I did this time because of the gap left open at 1.3080. I said the other day that I went back into history on EurUsd till 1993 (All the data I have) and not one time has a weekly gap been left open. In this case there are 2 gaps in a row that are open. If I was a betting man, which I am not, I would bet heavily that the gap at 1.3080 will be closed in the next 2 or 3 weeks.
Observation is the path to discovery.
  • #10,759
  • May 17, 2012 7:49am May 17, 2012 7:49am
Quoting kennowski
Hello guys,
I've been reading a lot so far until now and to be honest, thru all the changes, Al is the system

Market is always in changing and you'll never find a indicator that will fit in it all the time. From start of the topic there was a lot of changes. New indie, bad indie. Now 'we' change the slope to -25/+25.

Personal I trade from my phone in H1. I've managed to develope a system signal based. I keep the MT4 on a dedicated service 24/7 online and when my phone start to ring, I use MT4Connected.ex4 (google, free service) to connect to...
I'm confused because when slope start to rise and go to "BUY ONLY", already touched the sell band and you'll never know when is a begining of a uptrend or just go in a ranging one so will turn down, and you can't study the history also because of the repaint issue.

Sorry but I donīt understand what you are saying here. You can trade in both directions when the slope is ranging: -0.25 to 0.25, so I donīt understand your point.

As far as Breakeven stop or Trailing Stop, I donīt use either. I usually exit at the point where Slope is entering the range again. On Buy, when it reenters under 0.25 or in a Sell, when it reenters above -0.25. I donīt believe in stops of any kind. Thatīs what Recovery is for.
Observation is the path to discovery.
  • #10,760
  • May 17, 2012 7:55am May 17, 2012 7:55am
Quoting bassramy
For GU Traders.
My opinion next target 1.54500 bottom of the up W1 Trendline.
I think GU has gone as low as it will go on this wave. It went just over the Daliy TMA band AND it hit the 200 MA on the Daily, which is almost impossible to break on the first try. It should rebound here and then go back down to at least 1.5640 which is the 61.8% Fib retracement of the big rise it had. I donīt think even this will hold. In the end, It may revisit the low of 1.52
Observation is the path to discovery.
10 traders viewing now