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Extreme TMA System

  • #10,821
  • May 18, 2012 2:35pm May 18, 2012 2:35pm
Quoting chosen.bless
Buy Only TMA (Above 0.25): Place ONLY Long trades. Sell Only TMA (Below -0.25): Place ONLY Short trades.

i dont know if i am thinking the opposite of this concept. above 0.25 wouldnt the candle be at the top of the band looking to short the market instead of buying and visversa.
You have a lot of reading to do. A few thousand posts...
Observation is the path to discovery.
  • #10,822
  • May 18, 2012 2:49pm May 18, 2012 2:49pm
Quoting Alorente
You have a lot of reading to do. A few thousand posts...
sorry about that after immediately after i posted i realize i was missing h1 or lower time frame look at the h4 range -0.25 to 0.25

thanks
  • #10,823
  • May 18, 2012 3:53pm May 18, 2012 3:53pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: d1 usdcad51.gif Size: 46 KB
Quoting tp0440
Well, this is to the point how I got "censored " waiting on NZDUSD to get in profit. News came durring my sleeping time and knock my position in no man's land.

I noted yesterday, this USDCAD short is not confirmed. It would likely evolve today if it weren't for news, I admit that, but still... it's tempting, but not confirmed.

BR
FYI, SOON!
Of all the things I've lost I miss my mind the most .
  • #10,824
  • Edited May 20, 2012 1:53am May 19, 2012 3:17am | Edited May 20, 2012 1:53am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
The Cherry on top of Al’s TMA System (any system)


Remember trade small lot sizes it won’t take you out and the money you save on SL’s are profits, also stress won’t eat you up because it’s gone, think small win big. There’s always another trade.
PC,

A Special Thanks to Alfredo who finds time every day to answer all our questions with respect, a true Gentleman.
Of all the things I've lost I miss my mind the most .
  • #10,825
  • May 19, 2012 8:56am May 19, 2012 8:56am
Quoting Alorente
It´s not an issue at this point. I closed the long on Gold for a very nice profit. I did not feel good about carrying it into the weekend, especially since it got so close to 1600. I will read through your long study tomorrow.
hi,Al:
i very like your system,and you help me lots.
what is your country?
i am Chinese.
  • #10,826
  • May 19, 2012 1:35pm May 19, 2012 1:35pm
Quoting Mr C
Attachment
FYI, SOON!
Quoting Alorente
I bought twice today: 79.25 and 79.05.

It may require a little patience but I think this is going to be a big winner.


See, this is one of the problems here. I know we are talking about different pairs here, but I like to see confluence between pairs. OK, JPY is here a complex issue due to possibility of intervntion if it falls to deep, but stilll. To elaborate:
- USDCAD is to fall, so weak US
- EURUSD is to raise, so weak US
- hopefully NZDUSD will raise, so again - weak USD
- And issue. USDJPY is to raise big time. So... strong USD.

In my eyes, something is wrong in this picture. Either USD strenght will continue (and USDJPY can go up soon) and then EURUSD gap will not be closed for quite some time, or USD will give up, but then I wound't enter USDJPY not even with small position.

BR
  • #10,827
  • Edited 9:55pm May 19, 2012 8:37pm | Edited 9:55pm
Just skimmed through the thread.. I've been trading the 5m with symphony for about 2 weeks.. ive had little success but nothing to brag about. I've added the tma slope-scalping to my charts and backtesting it looks amazing for staying out of trades when price is ranging.


Exiting once tma closes grey (ranging).. or if target is hit.. or if price gets too far past the tma extreme

Also for the 5m.. what should I set the channels to?? they seem way too small as they are set to 1h or 4h?

EDIT: Nvm.. I changed the atr multiplier to 3 and I added the center line to the bands. I will only take longs when price is below the center line and only shorts when its above to avoid getting into trades too late.

What do you guys think?? Wish me luck!
  • #10,828
  • May 20, 2012 3:01am May 20, 2012 3:01am
Quoting tp0440
See, this is one of the problems here. I know we are talking about different pairs here, but I like to see confluence between pairs. OK, JPY is here a complex issue due to possibility of intervntion if it falls to deep, but stilll. To elaborate:
- USDCAD is to fall, so weak US
- EURUSD is to raise, so weak US
- hopefully NZDUSD will raise, so again - weak USD
- And issue. USDJPY is to raise big time. So... strong USD.

In my eyes, something is wrong in this picture. Either USD strenght will continue (and USDJPY can go up soon) and then EURUSD gap...
Just a thought... there are 2 parts to the equation: USDCAD to fall, so weak USD OR strong CAD. So even if USD is indeed weak, you only need to have JPY EVEN WEAKER to give the appearance that the USD is strong in the USDJPY pair, indciating the USDJPY will go up. So just because the USD is stronger than JPY doesn't mean in the overall picture that USD is strong.

3 is less than 1000, so 3 is a "weak" number. 2 is less than 3, so 3 is a "strong" number. So 3 can be both "strong" AND "weak" at the same time.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #10,829
  • May 20, 2012 4:38am May 20, 2012 4:38am
Hi Alorente,

Just found your interesting thread and there is a lot of reading to do to understand all the concepts.
Whilst I am wading through the post would it be possible to tell me what indicators you are displaying on your screen now, as there must have been quite a number of changes and I would like to follow what is happening as I read the posts.

Thank you
Allonso
  • #10,830
  • May 20, 2012 5:26am May 20, 2012 5:26am
Quoting allonso
Hi Alorente,

Just found your interesting thread and there is a lot of reading to do to understand all the concepts.
Whilst I am wading through the post would it be possible to tell me what indicators you are displaying on your screen now, ..........................
The latest indicators & template is always on 1st post on 1st page ..inside Packet.zip
Lets make some green pips
  • #10,831
  • May 20, 2012 6:00am May 20, 2012 6:00am
Hi,

Thank you 4rx i have all the contents of the packet.zip but there is a lot of templates and indicators in it and what I want to know is what Alorente currently has loaded on his screens. I can't imagine that every single indicator is needed.

Allonso
  • #10,832
  • May 20, 2012 7:38am May 20, 2012 7:38am
Hi allonso...

You can click the attachments on top right corner ...beside the page number and you can find the templates posted (click hide image).

Anyway I am liking Al's magic template found here ..
http://www.forexfactory.com/showpost.php?p=5660332

Thanks
Lets make some green pips
  • #10,833
  • May 20, 2012 1:06pm May 20, 2012 1:06pm
hey everyone does the white semafor level 3 repaint??

Btw system looks great for determining extremes.. I've added the 30 tma channel to the 5m chart as well as the current TF.

I will be testing this fully this week and let you all know how it goes!! thanks!

BTW i'm using the magic template but with some modifications to match my personal style.
  • #10,834
  • May 20, 2012 1:36pm May 20, 2012 1:36pm
Quoting 4rx
Hi allonso...

You can click the attachments on top right corner ...beside the page number and you can find the templates posted (click hide image).

Anyway I am liking Al's magic template found here ..
http://www.forexfactory.com/showpost.php?p=5660332

Thanks
What timeframe is recommended for Al's magic template, please?
  • #10,835
  • Edited 2:52pm May 20, 2012 2:36pm | Edited 2:52pm
Just thought I should post a chart of the Alternate counts I was mentioning before, its very hard to visualize these things with no chart.

This week should be pivotal for many things.

Of the two counts here on this chart, I think time-wise and due to one of the legs, the Alt count having 4 not finished yet but much later, is the one I prefer.

So these are the bullish Alternate counts, to my otherwise very bearish count of Gold
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  • #10,836
  • May 20, 2012 2:42pm May 20, 2012 2:42pm
Two very important patterns on weekly charts to watch out for.

82 is really big for USD as you can see on this chart.

Eur stopped on strong support (as did Gold), 1.25 is key no matter how its looked at, getting through that will likely set off the other doom scenario I posted a while back. Either of the two upper Necklines could be considered valid as well. I think the long standing downtrend for the Eur, is going to continue before it ever reverses.
Attached Image(s) (click to enlarge)
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  • #10,837
  • May 20, 2012 2:55pm May 20, 2012 2:55pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad d1 trend.gif Size: 34 KB
.
Of all the things I've lost I miss my mind the most .
  • #10,838
  • May 20, 2012 2:58pm May 20, 2012 2:58pm
Quoting Dyekid217
hey everyone does the white semafor level 3 repaint??

Btw system looks great for determining extremes.. I've added the 30 tma channel to the 5m chart as well as the current TF.

I will be testing this fully this week and let you all know how it goes!! thanks!

BTW i'm using the magic template but with some modifications to match my personal style.
Semafor repaints yes... otherwise we all would have been trading from the one to the next making big bucks! Pity hey!
  • #10,839
  • May 20, 2012 4:41pm May 20, 2012 4:41pm
Quoting Mr C
The Cherry on top of Al’s TMA System (any system)


Remember trade small lot sizes it won’t take you out and the money you save on SL’s are profits, also stress won’t eat you up because it’s gone, think small win big. There’s always another trade.
PC,

A Special Thanks to Alfredo who finds time every day to answer all our questions with respect, a true Gentleman.
hey Mr C what happened to your videos i just had a quick look a couple of days ago and when i came back to have a proper look they were gone
thanks evo
  • #10,840
  • May 20, 2012 4:45pm May 20, 2012 4:45pm
Quoting interbucks
Semafor repaints yes... otherwise we all would have been trading from the one to the next making big bucks! Pity hey!
none the less... the channels seem great! seems to me like one wouldnt even really need the semafor
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