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Extreme TMA System

  • #11,081
  • May 25, 2012 3:55am May 25, 2012 3:55am
Quoting Immvp
Al, could you please help me again with the 60 and 200 bars indicator? I do not really understand how to use that.
Please, do a search in this thread. We have explained this at length and you should read it to fully understand it.
Observation is the path to discovery.
  • #11,082
  • May 25, 2012 5:19am May 25, 2012 5:19am
Doing a search I cannot find info on why the CaveManager is greyed out and does not attach to charts. Info really appreciated. Good day all
  • #11,083
  • May 25, 2012 6:16am May 25, 2012 6:16am
Quoting thewriter30
Doing a search I cannot find info on why the CaveManager is greyed out and does not attach to charts. Info really appreciated. Good day all

Try again. it is in the thread. it is a separate EA which needs to be manually triggered. manual on how to use it is included in pdf in the packet.zip.
Hope this helps.

BR Mike
  • #11,084
  • May 25, 2012 6:20am May 25, 2012 6:20am
No comments,
http://www.businessinsider.com/nomur...ections-2012-5
Master Your Setup, Master Your self. (NQoos)
  • #11,085
  • May 25, 2012 6:49am May 25, 2012 6:49am
Looks like the retracement has began!

Attached Image (click to enlarge)
Click to Enlarge Name: USDX2505.png Size: 42 KB
  • #11,086
  • May 25, 2012 7:25am May 25, 2012 7:25am
BR Mike, Hi, thanks for your answer. I found the latest version on the thread. And also the PDF. But When I manually drag and drop it, after setting the input (or even leaving it as is) it just does nothing. Did it happen to you?
Cheers!
  • #11,087
  • May 25, 2012 8:12am May 25, 2012 8:12am
Quoting bassramy
No comments,
http://www.businessinsider.com/nomur...ections-2012-5
I would apply this wisdom to that statement :
Quote
Do not believe in anything because it is spoken and rumored by many.

Lets make some green pips
  • #11,088
  • May 25, 2012 8:30am May 25, 2012 8:30am
[quote=Alorente;5699522]
Quoting musashikilla
I think it is very important notice (I followed this Here is essential reading to understand what is ahead for Japan. This is a historic oportunity to make a fotune. You should take advantage of it.

http://www.telegraph.co.uk/finance/f...-the-West.html
Ambrose Evans-Pritchard is a must read for me. If anyone is interested in the Japan situation please read this.

Al, thanks for the vouch, very kind.

Lee
"The more I practice the luckier I get." Gary Player
  • #11,089
  • May 25, 2012 9:04am May 25, 2012 9:04am
Hey I just put a round number indicator on my chart for the 15M TMA trading. I put this on everything else, dont know why I didn't do it sooner.

Anyways, I think it would make a strong addition to this method. Scrolling back and looking at PA today I can see that quite few entry spikes and exits bounce off the round numbers.
  • #11,090
  • May 25, 2012 9:25am May 25, 2012 9:25am
For those under the same predicament I found the solution. For those newbies out there CAVEMANAGER (to use in the lookup): right click on the chart you added the cavemanger to, then select Expert Advisor from the menu and properties. Go to Common and Activate the Live Trading option.
Voilà, is there, you should see the CM on the top left corner.
Settings: I am trying to get my head around them so no much to say here...

cheers
  • #11,091
  • May 25, 2012 10:31am May 25, 2012 10:31am
Is anyone using Cavemanager? I wonder if it is worth using it or not.
  • #11,092
  • Edited 11:20am May 25, 2012 11:10am | Edited 11:20am
Quoting 4rx
I would apply this wisdom to that statement :


These wisdom words wasn't posted for nothing, i didn't begin to encounter success in my trading until i stopped listening to others specially financial reporters and financial reports and proclaimed Gurus who lagged by a long time the reality and price action, sometimes i really laugh @ some news when i see in my charts the opposite happening or something that happened 3-5 hours ago.

Trade what you see on your charts here and now and don't believe anyone else but your self that's why i do my own research before i begin trading every week and every day to gauge the market sentiment and its posted here .
After observation and analysis, when you find that anything agrees with reason…then accept it and live up to it.

Best Regards.
Master Your Setup, Master Your self. (NQoos)
  • #11,093
  • May 25, 2012 11:22am May 25, 2012 11:22am
Interesting
http://www.fxstreet.com/news/forex-n...c-0042c2827817

I like this Scenario :
Four Euro Divorces But No Funeral (Yet)
http://www.zerohedge.com/news/four-e...no-funeral-yet
Master Your Setup, Master Your self. (NQoos)
  • #11,094
  • May 25, 2012 12:28pm May 25, 2012 12:28pm
Quoting bassramy
These wisdom words wasn't posted for nothing, i didn't begin to encounter success in my trading until i stopped listening to others specially financial reporters and financial reports and proclaimed Gurus who lagged by a long time the reality and price action, sometimes i really laugh @ some news when i see in my charts the opposite happening or something that happened 3-5 hours ago.

Trade what you see on your charts here and now and don't believe anyone else but your self that's why i do my own research before i begin trading every...
Tottally agree. I've been on this forum and other forex forums for years now. In that time I have only run into one person who seemed to be able to predict, with scary accuracy, where price would go next. And he did it in context of current price and actually traded his predictions. He didn't make vague extended forcasts. In all that time......just one guy posted consistent predictions that made him look like the expert he preported to be. That backs up my opinion that most people who predict price are not worth listenting to. Most people who predict are just following trendlines or indicators or some future news that foreshadows said currency to guess. Nothing special, same thing the rest of us do.

Who you may is this guy you ask? A member named cloggie.

Don't bother asking him how he does it. He does not share his knowlege or how he does what he does. And he can be very arrogant. But, I've seen him predict price movements almost to a pip dozens of times.

Besides with this method, you dont need to predict where price will go over the longer term. If you follow the 15M rules you are taking nice chunks of pips out of waves that are going to happen regardless of the longer term direction.

As of today I've won 8 live trades in row with this method. Since the entrances are off of price spikes, they are very good entrances, which is the most important thing for a trade to have good chance of being successful. (I mean scary good. If I had looked at these entrances a week ago, placed by someone else, I'd say he was full of BS and cherry picking.)

I'm being a fanboy here somewhat. But, this method in just a few days has cured me of my worst trading mistake/habit...chasing price after it makes the move long or short and then getting screwed by the retrace.

4 out of those eight trades could easily have been much larger winners had I more experience trading this way. Each of them could have been 100 pips. As it is between 8 trades this week I'm up a total of 221 pips.

P.S. IMO trade live and place your own trades, EA's will screw you and you won't learn the method for yourself.
  • #11,095
  • May 25, 2012 12:40pm May 25, 2012 12:40pm
Quoting bassramy
Interesting
http://www.fxstreet.com/news/forex-n...c-0042c2827817

I like this Scenario :
Four Euro Divorces But No Funeral (Yet)
http://www.zerohedge.com/news/four-e...no-funeral-yet
Thanks Bassramy, Zerohedge is a perma-bear of the first order but has great information. I love the flowchart! Zerohedge remained a bear when Noriel Roubini and Jack Crooks became bulls.

I'm guessing some pure TA traders are tiring of all the fundy talk, I'll scale back now.

Lee
"The more I practice the luckier I get." Gary Player
  • #11,096
  • May 25, 2012 1:38pm May 25, 2012 1:38pm
Quoting KumoDragon
As of today I've won 8 live trades in row with this method. Since the entrances are off of price spikes, they are very good entrances, which is the most important thing for a trade to have good chance of being successful. (I mean scary good. If I had looked at these entrances a week ago, placed by someone else, I'd say he was full of BS and cherry picking.)

I'm being a fanboy here somewhat. But, this method in just a few days has cured me of my worst trading mistake/habit...chasing price after it makes the move long or short and then...
Excellent trading, kudos!
"The more I practice the luckier I get." Gary Player
  • #11,097
  • May 25, 2012 1:59pm May 25, 2012 1:59pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
In the late 90’s I received a booklet in the mail from self-proclaimed guru Ken Roberts the best options trader in the world, I opened my first online account with $10 000 USD Min deposit with express trade, blew it then paper traded for a year, there were no demo accounts or MT4 back then a chart with a few indicators and Ken sent me a promotional coaster to put my coffee cup on in the morning while enjoying my cigar (I don’t smoke).

As a technician I ran everything thru my mind for months until I could see it I could of explained it to my grandmother, I deposited another $10 000 USD and after 7 months I was at $66 000 USD, now my father that had been telling me it’s fixed the families control the market and it’s artificial had a change of heart.

My Dad by definition was a true genius and that’s how I remember him, now he was going to help me triple what I had already gained, we had a falling out and when I closed my account I had less than $3 000 USD and chose peace over trading.

What happened is first he over analysed the news second trading is personal, about 4 years ago I was on my computer and I tried a Fxpro demo on a MT4 platform, I literally had a tear in the corner of my eye, now I had to figure this out I opened an account and over the last 3 years have been successful or should I say up in coming I’m not rich but my account Is getting bigger every day.

Sure I am aware of the news, but when day trading the trend is my friend and I can be in and out of trades while a guru explains where the market will be in 3 months, certain news does get my attention.

My point is your decisions have to be based on your trading style, I love scalping that’s me, my money is in my account almost every night, so the news is less relevant to me then a long term investor.
I value all the wisdom shared by the experienced traders on this site but as I try to teach my nephew I see it’s going over his head and I am focusing on smaller time frames and the system rules so anybody that does not understand right away it all comes together in the end.


PC,
Of all the things I've lost I miss my mind the most .
  • #11,098
  • May 25, 2012 9:21pm May 25, 2012 9:21pm
Al, Here is an interesting article I was reading today about how the EUR/USD and Oil have moved very similarly since 2010.

http://www.businessinsider.com/why-t...falling-2012-5
  • #11,099
  • May 26, 2012 6:32am May 26, 2012 6:32am
Mr. C...

Spidey
  • #11,100
  • May 26, 2012 7:17am May 26, 2012 7:17am
Quoting KumoDragon
Tottally agree. I've been on this forum and other forex forums for years now. In that time I have only run into one person who seemed to be able to predict, with scary accuracy, where price would go next. And he did it in context of current price and actually traded his predictions. He didn't make vague extended forcasts. In all that time......just one guy posted consistent predictions that made him look like the expert he preported to be. That backs up my opinion that most people who predict price are not worth listenting to. Most people...
Dear KumoDragon !



if you did trade the signals at 15 min chart you looked at the H1 H4 D1 charts? I made only one trade. Which is better? When you trade at 15 min chart you look at H1 H4 D1 charts?
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