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Extreme TMA System

  • #10,961
  • May 23, 2012 8:23am May 23, 2012 8:23am
im trying you Lorente Magic system and as a big master I would like to receive an advice.

I use it in scalping mode, and after some time i have seen that 1M is the best time frame in this system (please correctme if im wrong)

also as you said i noted that the big white dot repaints, but also i have noticed that when it appears and after that came a cross of the lines, it is a strong signal.

now the big question, if i like to trade 1M witch time frames should i consider?
5M,15m,1H,4H,1D all of them in same direction?? and TMA SLOPE??
  • #10,962
  • May 23, 2012 8:49am May 23, 2012 8:49am
Quoting Alorente
I am short UsdChf, UsdCad and long UsdJpy, EurUsd, GbpUsd and GbpJpy.

Really??? But... there is no technical support for any kind of retracementm yet alone reversal whatsoever. I know all bands are penetrated, but based on what's going on last few weeks, this is not enough anymore. TMA might be great in ranging, but sorry... seems to really suck at trending.

I've combined it with some other strategies and tools. TDI and fibbo to be precise. Confluence of those should give much better input, when it's safe to enter.

BR
  • #10,963
  • May 23, 2012 8:51am May 23, 2012 8:51am
Wowzers, pretty exciting late European session. Extremes are everywhere.

Attached Image (click to enlarge)
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"The more I practice the luckier I get." Gary Player
  • #10,964
  • May 23, 2012 9:28am May 23, 2012 9:28am
Quoting tp0440
Really??? But... there is no technical support for any kind of retracementm yet alone reversal whatsoever. I know all bands are penetrated, but based on what's going on last few weeks, this is not enough anymore. TMA might be great in ranging, but sorry... seems to really suck at trending.

I've combined it with some other strategies and tools. TDI and fibbo to be precise. Confluence of those should give much better input, when it's safe to enter.

BR
I hate TDI. It's the king of repainting and it gets you in moves way to late. Entering on the signal often gets you in where prices is about to retrace in the opposite direction. IMO TDI is pretty worthless on anything below 4H, even then it's entry is late by many pips.

So I have to ask, how many trades did you actually try with this TMA method before you decided, "it sucks at trending," and TDI would improve it? What was your sample size of trades?
  • #10,965
  • May 23, 2012 10:24am May 23, 2012 10:24am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I just got my second notification to look for Recovery my blue line only alerts when move is coming from below, so I am using the red line for reversal this is the reason for test but it has potential now the price is in a cage and I am on alert and I can keep up with my other trades.

PC
Attached Image (click to enlarge)
Click to Enlarge Name: price alert 3.gif Size: 42 KB
Of all the things I've lost I miss my mind the most .
  • #10,966
  • May 23, 2012 10:26am May 23, 2012 10:26am
Quoting KumoDragon
Ya definately need confidence right now. I have none in myself as a trader right now. Took the last six months off of trading after blowing my last small account. Did all the wrong things, moved stop losses further, overleverages, revenge traded. Just ended up in a self feeded death spiral. Now I'm back fresh.

Looking at past trades, every other method I tried or tried to make up, was going short at the bottom or long at the top...basically chasing price after it moved. So inevitibly price would reverse on me hard at entry...a lot.

So,...
This system will look even better to you when we get into those boring ranging markets that all the trend guys hate. You can pile up the pips from band to band on that sort of market, which happens over 70% of the time.
Observation is the path to discovery.
  • #10,967
  • Edited 12:05pm May 23, 2012 10:36am | Edited 12:05pm
Quoting bassramy
oops prices broke badly the support of 1.26234 if it closes like this @ NY CLOSE we are heading for 1.19227 BE AWARE THIS IS SERIOUS. New US Home Sales better than forecast is the TRIGGER. Already @ 1.2582 @ 15.30 GMT. SILVER, GOLD, A/U, G/U, N/U all of these followed.
Here is the EurUsd Weekly chart. I always say, when in doubt, look at the weekly chart.

Look at the three divergences in a row on the Trix. We also have a clear divergence on RSI right now. Compare this fall that began March of 2011 to the previous two (2008) and (2010). Look where the Trix was when they ended. Compare that to where the Trix is today. The difference is striking. The Trix right now is strong. It is not showing a potential collapse in price. It is a coiled Trix, showing a potential strong move up. This mleg down is on its third phase, which should be the last one on this move. I believe we may have seen the end of it here, with this test of the 1.26 low. We´ll see if we get the strong bounce that I am expecting. In any case, even if this is not the bottom, we are due for a bounce from an extremely oversold condition. When you put the pieces together with UsdJpy, UsdCad, UsdChf and many others including the UsdIndex, everything points to a very strong reversal here.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd w.jpg Size: 141 KB
Observation is the path to discovery.
  • #10,968
  • May 23, 2012 11:05am May 23, 2012 11:05am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I just received my 3rd notification to take Recovery and placed order 1st Recovery set red bar to catch the recovery Break Even spot and will decide on next notification if I want to close all trades for Recovery or milk it.
PC
PS: I am using a standard contract for this test and we will see how it works out with spreads removed from profits. BTW In real life I am using smaller contracts.
Attached Image (click to enlarge)
Click to Enlarge Name: price alert 4.gif Size: 45 KB
Of all the things I've lost I miss my mind the most .
  • #10,969
  • Edited 11:07am May 23, 2012 11:06am | Edited 11:07am
Quoting bassramy
Thank you sir its my pleasure,

This is my homework everyday after i check my open positions and do some trading maintenance on them, check my email and before i scan and make any trade.
I llike to have some feedback from other members if that helps cause i feel like nobody is reading this, i know funda is boring sometimes but it definitely gives you the whole and big picture, and I'm a technician talking.
Please take note that I greatly appreciate this analysis as understanding all aspects of fundamental currency news and thier ramifications takes time and effort to learn. Your summaries are very helpful.

Thanks for your time and effort.
  • #10,970
  • May 23, 2012 11:06am May 23, 2012 11:06am
Quoting KumoDragon
I hate TDI. It's the king of repainting and it gets you in moves way to late. Entering on the signal often gets you in where prices is about to retrace in the opposite direction. IMO TDI is pretty worthless on anything below 4H, even then it's entry is late by many pips.

So I have to ask, how many trades did you actually try with this TMA method before you decided, "it sucks at trending," and TDI would improve it? What was your sample size of trades?
We need to set some things in their place. You either mixed some stuff up or you don't know them.

1. TDI is not repainter. TDI is in reality a little bit differently presented RSI with additional info. IT's very good at pinpointing reversals and retracements. It works best on min30-h4 in my oppinion. I use it for quite some time and it works well, but sucks in ranging markets.

2. TMA is a repainter. We all know that, so no sense in complaining about the obvious. But, it also does great exactly where all indicators fail - gives you entries (and targets) in ranging markets.

BTW: If I'm not mistaken even Al wants to use RSI, because it's giving him the information that TMA doesn't. This also gave me the idea to combine TDI and TMA. TDI is better than RSI, so, can't hurt, can it?

Here, let me show what I'm talking about. Perhaps it'll be clearer then. 2 examples from today, how TMA+TDI combo can work in our favor.
And just to be clear: I'm trying to contribute here to the common cause. If you can use this to your benefit - great. If not, ignore it.


First picture shows where TMA gave long signal on EURUSD today. TDI was clearly showing, this is not a good idea.
On the next one, we see USDJPY from earlier today. Al was for some reason not sure to enter the short, but soon after that TDI gave full short signal. Needles to say, it worked perfectly.


BR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd, today.jpg Size: 143 KB
Click to Enlarge Name: usdjpy, today.jpg Size: 138 KB
  • #10,971
  • Edited 11:55am May 23, 2012 11:43am | Edited 11:55am
Quoting tp0440
We need to set some things in their place. You either mixed some stuff up or you don't know them.

1. TDI is not repainter. TDI is in reality a little bit differently presented RSI with additional info. IT's very good at pinpointing reversals and retracements. It works best on min30-h4 in my oppinion. I use it for quite some time and it works well, but sucks in ranging markets.

2. TMA is a repainter. We all know that, so no sense in complaining about the obvious. But, it also does great exactly where all indicators fail - gives you entries (and...
If TDI as a filter works for you great. I had thought about the same thing myself. But, after considering how misleading it is I decided not to even to bother. I didn't like it even in the methods that were centered around it. I've experimented with it live for many months. It's signals can, repaint unpaint and reverse back with every candle.

Its hard for me to tell from your charts because the looks so different from mine but on EU, I saw no long signal anywhere, any bottom spike past the TMA were cancelled out by the trend direction...unless of course you are trying to trade counter trend.

P.S. I have the exact same TDI indicator with the yellow you have. On 15M overlay a standard BolingerBand on price. I found that at least 50% of the time the entry, indicated by green crossing red, under/over yellow, (A+signal for that methd), signalled an entry at the bottom of the BB, which more often that not would retrace to the top for -30 pips or more. The ones that worked out, only did so because of a bolinger band run to the downside/upside. To me it just seems that TDI would confuse the whole set up.
  • #10,972
  • May 23, 2012 11:51am May 23, 2012 11:51am
Quoting Markillo
im trying you Lorente Magic system and as a big master I would like to receive an advice.

I use it in scalping mode, and after some time i have seen that 1M is the best time frame in this system (please correctme if im wrong)

also as you said i noted that the big white dot repaints, but also i have noticed that when it appears and after that came a cross of the lines, it is a strong signal.

now the big question, if i like to trade 1M witch time frames should i consider?
5M,15m,1H,4H,1D all of them in same direction?? and TMA SLOPE??
I think for M1 scalping, the Magic system is the way to go. I agree with you that to have a Semaphor at your back and a cross of the TMA and MA is a very strong signal.
Observation is the path to discovery.
  • #10,973
  • May 23, 2012 12:00pm May 23, 2012 12:00pm
Quoting Mr C
I just received my 3rd notification to take Recovery and placed order 1st Recovery set red bar to catch the recovery Break Even spot and will decide on next notification if I want to close all trades for Recovery or milk it.
PC
PS: I am using a standard contract for this test and we will see how it works out with spreads removed from profits. BTW In real life I am using smaller contracts.
Attachment ...
the recovery system i tried on my mt4 is giving me a message about fail to place the buys or sell at the various levels. not sure whats wrong if it is an installation problem
  • #10,974
  • Edited 12:28pm May 23, 2012 12:14pm | Edited 12:28pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Reply to Chosen bless
Quoting Xabier
is not the same ideal would be an alert to send word when it leaves the tma here is the price I hope it works well alert thanks
I had an idea I asked for help and 3 of us can up with this it's plug & play there are no settings, you open it double click the lines and pull them I am just trying to spend less time in front of my monitor. Hope this helps.

PC

Edit: Somehow I thought the indicator would follow just use the paper clip or go back a few pages it's called Price Alert
Of all the things I've lost I miss my mind the most .
  • #10,975
  • May 23, 2012 12:19pm May 23, 2012 12:19pm
usdchf is being a stubborn child here, I added to a usdcad short on the spike and it has given me a nice cost average, thinking usdchf should do the same.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,976
  • May 23, 2012 12:38pm May 23, 2012 12:38pm
Quoting Grins
usdchf is being a stubborn child here, I added to a usdcad short on the spike and it has given me a nice cost average, thinking usdchf should do the same.

Lee
My USD/CHF says buy only. Also I thought part of this method was to trade with the trend when possible? Or are you counter trend trading?
  • #10,977
  • May 23, 2012 12:38pm May 23, 2012 12:38pm
Quoting Alorente
Do you have a Trix MTF indicator? I would like to see it if you do...
Hello Al,

I attached some MTF Trix indi
I hope they are properly for you

Regards
leonhard
Attached File(s)
File Type: mq4 THV T3 Trix MTF.mq4   5 KB | 588 downloads
File Type: mq4 THV3 MTF_Ichimoku_v1.mq4   4 KB | 544 downloads
File Type: ex4 THV4 TRIX MTF.ex4   23 KB | 561 downloads
  • #10,978
  • May 23, 2012 12:45pm May 23, 2012 12:45pm
Apreciado AL cuando una posicion por ejemplo el eurusd que preveemos por el sistema que va ir long se nos va 100 pips en contra entonces aplicamos la recuperacion cuando llega a los 100 pips en nuestra contra o cuando vemos que los indicadores que usamos nos dicen que vamos long de nuevo aunque eso en muchos casos nos haga pasar de los 100 pips establecidos para aplicar el sistema de recuperacion .gracias y un saludo
  • #10,979
  • May 23, 2012 12:46pm May 23, 2012 12:46pm
Al,
I threw this together for you...
Trix4Kids is required in the indicators folder for this to work.

Carl
Attached File(s)
File Type: mq4 #MTF_TRIX.mq4   5 KB | 694 downloads
  • #10,980
  • May 23, 2012 12:50pm May 23, 2012 12:50pm
Short on UJ. Let's see if I can go 3 for 3 today.
Attached Image (click to enlarge)
Click to Enlarge Name: kumoeuuj23.gif Size: 24 KB
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