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Extreme TMA System

  • #10,921
  • May 23, 2012 2:16am May 23, 2012 2:16am
Quoting Markillo
where are we now? should we go long targeting 1.3000 closing the open gaps? or Should we wait for the cross and take the free fall of EURUSD??

Waht do you think big AL?
I am still playing it Long to close the gap at 1.3080.
Observation is the path to discovery.
  • #10,922
  • May 23, 2012 2:19am May 23, 2012 2:19am
Quoting BraunTrade
Anybody else got this one ?
very happy
Yes. I reentered long last night at 79.50. I was lucky I couldnīt sleep and got in.
Observation is the path to discovery.
  • #10,923
  • May 23, 2012 3:49am May 23, 2012 3:49am
@ Alorente

I am beginner with your system and at first great job of you.

It would be nice if you can post your entries in chart here nearly live. So i can understand your system better.

Thanks
  • #10,924
  • May 23, 2012 4:17am May 23, 2012 4:17am
Where i can switch on the alert when the courses outside the band?
Attached Image (click to enlarge)
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  • #10,925
  • May 23, 2012 4:24am May 23, 2012 4:24am
If EURGBP on W1 close below 1.2630 next target is 1.19....
quote=Alorente;5691828]I am still playing it Long to close the gap at 1.3080.[/quote]
  • #10,926
  • May 23, 2012 4:26am May 23, 2012 4:26am
Quoting starlighter
@ Alorente

I am beginner with your system and at first great job of you.

It would be nice if you can post your entries in chart here nearly live. So i can understand your system better.

Thanks
Sorry, I am giving you the rules of the system. I wonīt post entries and exits. Trading decisions are very personal. Good luck, friend.
Observation is the path to discovery.
  • #10,927
  • May 23, 2012 4:27am May 23, 2012 4:27am
Quoting Alorente
Yes. I reentered long last night at 79.50. I was lucky I couldnīt sleep and got in.
Nice!! Blessed sleeplessness... Mr. Al, again thank you very much for all effort that you have in help us.

all the best.
There is no place for wimps
  • #10,928
  • May 23, 2012 4:29am May 23, 2012 4:29am
Quoting lucatony29
If EURGBP on W1 close below 1.2630 next target is 1.19....
quote=Alorente;5691828]I am still playing it Long to close the gap at 1.3080.
[/quote]
I still do believe that EurUsd may reach parity by the fall, but first I expect it to climb to at least 1.30. UsdIndex should test 80 also and close the gaps it left behind.
Observation is the path to discovery.
  • #10,929
  • May 23, 2012 4:47am May 23, 2012 4:47am
Quoting Alorente
Just make the font smaller on the inputs. Thatīs what I did.
~~~~~~~~~
Dear Alfredo :

I heard from local radio this morning, all people withdraw money from Bank of Spain and bank of Greece, it will cause Greece and Spain bank system crash fast ??

is this news true ??

brs,

SCOTT-ibm

------------------------
  • #10,930
  • May 23, 2012 5:22am May 23, 2012 5:22am
Is now good time to go short USDCHF? Trix is red, Tma Slope goes down and it is above H4 Tma on M15 chart. But H4 & H1 Tma slope are 0.45. Or should I wait until H4, H1 and M15 Tma Slope are less than 0.25?
  • #10,931
  • May 23, 2012 5:36am May 23, 2012 5:36am
Daily Read,

Fundamentals
-http://www.bloomberg.com/news/currencies
-http://online.wsj.com/public/page/news-currency-currencies-trading.html
-http://www.ft.com/intl/markets/currencies
-http://www.cnbc.com/id/15837548/cid/97220/sh/3

Technicals :
-Australian dollar sinks to six-month lows
-http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2012/05/23
-Yen falls on Fitch sovereign downgrade
-Euro drops after Papademos says euro exit risk is ‘real’

Summary :
EURO Weak four month low on greece
Aussie dollar down under, six month low on greece
Yen up on BOJ Fund decision then crash down later today on Fitch sovereign downgrade
Dollar Hits 20-Month High; Greece Exit Fears Dent Euro.

Calendar :GMT TIME
Forcast Previous
12:30pmCAD Core Retail Sales m/m 0.5% 0.5%
12:30pmCAD Retail Sales m/m 0.4% -0.2%
2:00pmUSD New Home Sales 335K 328K
2:30pmUSD Crude Oil Inventories 0.8M 2.1M

Daily Trading Wisdom:
"The task of beating the market is not difficult, it is the job of beating ourselves that proves overwhelming. -Martin Pring "

Have a nice profitable Day

Regards.
Master Your Setup, Master Your self. (NQoos)
  • #10,932
  • May 23, 2012 6:25am May 23, 2012 6:25am
I think I now have a better way to use this system in my own way. Combining it with TRIX MTF is working with me.
  • #10,933
  • Edited 7:39am May 23, 2012 6:45am | Edited 7:39am
Hi Guys,

I have the following question and I was wondering whether you could help.

Based on Al's post no. 10752, the "current" template is "Lorente large chart".

Could you please let me know where in the thread i can find explanation on "lorente large chart", including info on trix cross, option, action - i just don't get it precisely

I also see that "LLC" is missing the name of the currency in trade and the big - price tag. I also can not fix the candle (it does not show proper time left to end).
Can anyone help to fix it?

I would be grateful for any suggestions.

BR,

Mike
  • #10,934
  • Edited 7:54am May 23, 2012 7:17am | Edited 7:54am
Quoting BraunTrade
Anybody else got this one ?
very happy
By the rules wouldn't that be a non trade, because the slope value was negative 73?

Nevermind, I see now that you meant that you took the short entry from the long spike. I thought you were marking your entrance with the circle instead of the exit. Congrats.
  • #10,935
  • May 23, 2012 7:28am May 23, 2012 7:28am
Ok, two more noob questions for today.

1.In the earlier versions of the template the extreme spike idicator was used. Once price goes outside the bands and all the other numbers line up, how do we decide if a spike is spike and not just movement outside the band?

Just personal judgment?

2. On past verisons of the template their was heiken ashi. In the directions it says to sell/buy as the first HK candle changes color. Being that their is no longer HK candles are we waiting for a correctly colored normal candle to close?
  • #10,936
  • May 23, 2012 7:44am May 23, 2012 7:44am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Mr C
I need to combine the TMA bands with the price alert indicator posted above, any way it could automatically follow the bands and alert when the candles cross, I am working on it but I still stutter with the metaquotes language and I am in the learning process.
Thanks, PC
Thanks, PC

PS You seem to know about computers.
Of all the things I've lost I miss my mind the most .
  • #10,937
  • May 23, 2012 7:57am May 23, 2012 7:57am
Quoting Mr C
Thanks, PC

PS You seem to know about computers.
Morning Mr. C.
Yup, I was in info technology (software, databases) for a long time, but MT4 coding is something I wish I knew more about. I usually explore sites such as codebase.mql4.com and anything I can find. Always looking for useful indicators and the right setup for me. It's been trial-and-error for almost 2 years now, but I think with TMA and a couple other things, I hope to start doing better.... used some EA's a while back but lost a lot more than I won.

This has been the most useful thread I've read... so many great teachers.
  • #10,938
  • Edited 8:32am May 23, 2012 8:06am | Edited 8:32am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Spidey
Morning Mr. C.
Yup, I was in info technology (software, databases) for a long time, but MT4 coding is something I wish I knew more about. I usually explore sites such as codebase.mql4.com and anything I can find. Always looking for useful indicators and the right setup for me. It's been trial-and-error for almost 2 years now, but I think with TMA and a couple other things, I hope to start doing better.... used some EA's a while back but lost a lot more than I won.

This has been the most useful thread I've read... so many great teachers.
I agree about EA’s this would be an indicator only and would follow all Al’s rules, like you forex Megadroid sucked me dry. I love assistants but they never are allowed to initiate my trades just let me know something I told it I need to know at a certain time I am not trying to automate the trades just the info.
Thanks, PC

PS: You say” this has been the most useful thread I've read... so many great teachers”.
Like I said in my first post after years on this forum just taking indicators and idea’s from different threads I finally signed up after reading what Al had to say he is not full of it like most and even do we never met he has my respect, this is the only forex thread, forum or post I have ever participated in and I am better for it.
Of all the things I've lost I miss my mind the most .
  • #10,939
  • May 23, 2012 8:24am May 23, 2012 8:24am
I'm watching EU for a possible short. Price just peeped over the top and gently went back down. Is this not enough of a movement outside the TMA to consider a short if I get a red candle?
Attached Image (click to enlarge)
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  • #10,940
  • May 23, 2012 8:25am May 23, 2012 8:25am
Quoting scott-ibm
~~~~~~~~~
Dear Alfredo :

I heard from local radio this morning, all people withdraw money from Bank of Spain and bank of Greece, it will cause Greece and Spain bank system crash fast ??

is this news true ??

brs,

SCOTT-ibm

------------------------
No it isnīt. People in Spain are living every day their normal lives, the restaurants and bars are still full and they travel during weekends as always. Donīt listen to what the media says. It is their business to make a drama out of everything.
Observation is the path to discovery.
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