Extreme TMA System | Page 550 | 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

  • #10,981
  • May 23, 2012 12:59pm May 23, 2012 12:59pm
Quoting KumoDragon
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?
I fudge rules I'm a long term USD bull but feel there is a period of consolidation due beginning with a retracement any time now, Al has spoken of it and I agree. The USD has been on a helluva run and things are pointing to a correction. The only pair in which I'm currently long USD is usdjpy and that's because I feel the Yen's safe haven status is going to be lost to the USD.

As to the usdchf, the M5 and H4 are ranging, and all are heading down. usdchf has also bumped it's head on mR3 and been rejected.

Please, please please, do not follow me blindly, if you do you are sure to run into a wall.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,982
  • May 23, 2012 1:12pm May 23, 2012 1:12pm
Quoting Xabier
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
Please PM or email me if you are going to speak in another language.
Observation is the path to discovery.
  • #10,983
  • May 23, 2012 1:12pm May 23, 2012 1:12pm
Quoting crodzilla
Al,
I threw this together for you...
Trix4Kids is required in the indicators folder for this to work.

Carl
Thanks Carl. I appreciate it.
Observation is the path to discovery.
  • #10,984
  • May 23, 2012 1:15pm May 23, 2012 1:15pm
Quoting KumoDragon
Short on UJ. Let's see if I can go 3 for 3 today.
Wow !! Dangerous. UJ is very close to a breakout as I explained in a previous post this afternoon. You may be ok for a few pips.
Observation is the path to discovery.
  • #10,985
  • May 23, 2012 1:17pm May 23, 2012 1:17pm
Quoting Grins
I fudge rules I'm a long term USD bull but feel there is a period of consolidation due beginning with a retracement any time now, Al has spoken of it and I agree. The USD has been on a helluva run and things are pointing to a correction. The only pair in which I'm currently long USD is usdjpy and that's because I feel the Yen's safe haven status is going to be lost to the USD.

As to the usdchf, the M5 and H4 are ranging, and all are heading down. usdchf has also bumped it's head on mR3 and been rejected.

Please, please please, do not follow...
I agree with every word you said. Either we swim together or we sink together...
Observation is the path to discovery.
  • #10,986
  • May 23, 2012 1:18pm May 23, 2012 1:18pm
Quoting crodzilla
Al,
I threw this together for you...
Trix4Kids is required in the indicators folder for this to work.

Carl
What an amazing resource you are!
"The more I practice the luckier I get." Gary Player
  • #10,987
  • May 23, 2012 1:26pm May 23, 2012 1:26pm
Hello Al & All,

Al, Just to Congratulate you on such a fantastic method, as well as on your willingness to help everyone by sharing your vast knowledge and experience FOR FREE, you are really BIG!

We are sure to better our trading by sticking to this thread.

Gracias de corazon!!!
  • #10,988
  • May 23, 2012 1:31pm May 23, 2012 1:31pm
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.
I'm certain many more people benefit from your work than you realize.

Trading without fundys is depriving oneself of an important view of the markets, I get most of my news from Twitter links but your synopsis is wonderful.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,989
  • May 23, 2012 1:32pm May 23, 2012 1:32pm
Quoting Alorente
I agree with every word you said. Either we swim together or we sink together...
Thank you, sir.
"The more I practice the luckier I get." Gary Player
  • #10,990
  • May 23, 2012 2:26pm May 23, 2012 2:26pm
Quoting Grins
I'm certain many more people benefit from your work than you realize.

Trading without fundys is depriving oneself of an important view of the markets, I get most of my news from Twitter links but your synopsis is wonderful.

Lee
After many years of live trading, (I never demoed past a week), I've come to NOT put any trust in anyone's FA/ predictions. I've found more often than not, that while much of what an analysist expects/ predicts might come true in the end depending on how good someone is at it, that between now and what is expected the price often does a wild dance between A&B. So, I just trust my own opinion, which is none, because I try my best just to go with the flow instead of predicting.

Also, there is ALWAYS some news or overreaction to something that makes price dance and jump, often many hundreds of pips against any FA.

Not saying your FA isn't good, but I'm going to take trades per the rules.
  • #10,991
  • May 23, 2012 3:23pm May 23, 2012 3:23pm
Quoting Grins
Thank you, sir.
Make it 3.

My pending USD/CHF short order was hit today at 0.9510. The Recovery EA is set to start at 0.9610, if needed.

I have enjoyed trading at larger TFs (H1 along with H4, as per Al's suggestion) lately. Things seem to be clearer from upper TFs, + is less stressfull, at least for me.

Al, do you have any suggestion for a target ? There are divergences in Trix + RSI in the daily chart.
  • #10,992
  • May 23, 2012 3:28pm May 23, 2012 3:28pm
Quoting Grins
I love this synopsis you provide each day, thanks!

Lee
Thanks, bassramy. I enjoy your postings regarding fundamentals, they're very useful.

Please, keep them coming !!!
  • #10,993
  • May 23, 2012 3:44pm May 23, 2012 3:44pm
I ve been looking my charts and right now im in a big dilema,

H1: -.61
H4: -.47
D1:- .21

SELL ONLY. The price is looking 1.6000 right now in H1 candels changed color 4 hours ago, also trix RSI is over 30 right now.

but facing 4H, the fast trix is under the earth, hasnt changed color, RSI over 30
and candles are still red

there is Michael Boutros, from Daily fx saying that his chart shows him a target of 1.2485

http://www.dailyfx.com/forex/fundame...e_Entries.html

I see de the EUR pushing up, and i see it standing in the next hours around 1.2560 or 1.2670 what do you think guys?
  • #10,994
  • May 23, 2012 3:50pm May 23, 2012 3:50pm
Quoting beto21_cwb

Al, do you have any suggestion for a target ? There are divergences in Trix + RSI in the daily chart.
Beto, I start out with the profit limit at the opposite side of the H4 channel, in the case of usdchf it's around .9380 at the moment. I often take partial profits at stalls or when support is hit. I'm not Al, but that's how I play it.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,995
  • May 23, 2012 3:59pm May 23, 2012 3:59pm
Quoting Markillo
I ve been looking my charts and right now im in a big dilema,

H1: -.61
H4: -.47
D1:- .21

SELL ONLY. The price is looking 1.6000 right now in H1 candels changed color 4 hours ago, also trix RSI is over 30 right now.

but facing 4H, the fast trix is under the earth, hasnt changed color, RSI over 30
and candles are still red

there is Michael Boutros, from Daily fx saying that his chart shows him a target of 1.2485

http://www.dailyfx.com/forex/fundame...e_Entries.html

I...
When in doubt, stay out!

There's a summit going on right now, Merkel has stated they aren't there to do anything, just talk...,

But anything can happen and rumors drive a great deal of PA in that pair.

My take? It's a decent long at these levels but the rumor mill and the summit make it risky.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,996
  • May 23, 2012 4:49pm May 23, 2012 4:49pm
Quoting Grins
Beto, I start out with the profit limit at the opposite side of the H4 channel, in the case of usdchf it's around .9380 at the moment. I often take partial profits at stalls or when support is hit. I'm not Al, but that's how I play it.

Lee
Thank you, Lee. I usually close half position when the center line is hit (right now at 0.9436), and let the other half run to the opposite band, or hit BE.

I asked for Al's opinion as this particular trade is happening in a unique scenario, IMO, a highly overbought USD, with the market surrounded of expectations / news regarding the Greece exit, which could take the USD even higher. I think the USD will continue to go up, but it needs to take a breath before resuming, that's why I entered this trade.

Anyway, it's always good to hear other traders' opinions and ideas. Thanks for sharing.
  • #10,997
  • May 23, 2012 6:20pm May 23, 2012 6:20pm
Quoting Grins
...,gonna need a bigger computer...,

This indicator package is CPU intensive.

Lee

Hi Lee,

I used to think my PC was fast but you are right... these slow my charts way down.

What processor etc. do you recommend (besides 12+ GB of Ram) ?

Thanks.
  • #10,998
  • May 23, 2012 7:58pm May 23, 2012 7:58pm
Some nice systems here:

http://tradingcomputersnow.com/
  • #10,999
  • May 23, 2012 9:06pm May 23, 2012 9:06pm
Quoting Alorente
Here is the EurUsd Weekly chart. I always say, when in doubt, look at the weekly chart.

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.
I'd agree everything is really due for a bounce, but hey, maybe that makes things too easy since everyone is expecting it? Rotten Scoundrels will always keep us guessing...

EUR in on the edge of a BIG cliff.

USD has finally made it to the 82 "magnet" that has been drawing it in for SO long. As you can see, it wasn't just the 'number' and prior high that this had its sights on, there is a MASSIVE pattern here matching the Eur one. Remember these are Weekly charts

My guess is they close it somewhere right on it to keep us guessing for next week. Then next week we see if EUR walks the plank to hell, or lives a little longer and maybe even goes to fill the gap, first.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gif Size: 24 KB
Click to Enlarge Name: sc.jpg Size: 191 KB
  • #11,000
  • May 23, 2012 11:58pm May 23, 2012 11:58pm
I have been asked privately to share these templates, which are the ones I presently use. They are attached below.
Attached File(s)
File Type: tpl lorente large chart.tpl   39 KB | 701 downloads
File Type: tpl lorente magic system with bands.tpl   10 KB | 973 downloads
Observation is the path to discovery.
8 traders viewing now