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Extreme TMA System

  • #11,121
  • May 27, 2012 6:32pm May 27, 2012 6:32pm
Best of good fortune to all this week. Monday is a US holiday so expect thin markets during the late European session and very thin during the US afternoon session, prime time for HFT stop hunts. The failure of the euro to incinerate over the weekend has caused gaps which may close quite soon but this may be the week of the retracements we've been anticipating.

Lee
"The more I practice the luckier I get." Gary Player
  • #11,122
  • May 27, 2012 7:27pm May 27, 2012 7:27pm
Quoting Alorente
The 12 MA smoothed is the Magic System. If that is what you are referring to you are correct.
Thank you to everybody who has replied to my request for a Moving Average indicator for the TMA Slope. The 12 MA smoothed in the quote above is using TMA data, not TMA Slope data. I'll keep looking and if I find anything, I'll post it.

Thanks,
Frank
  • #11,123
  • May 27, 2012 10:08pm May 27, 2012 10:08pm
Quoting frollollc
Thank you to everybody who has replied to my request for a Moving Average indicator for the TMA Slope. The 12 MA smoothed in the quote above is using TMA data, not TMA Slope data. I'll keep looking and if I find anything, I'll post it.

Thanks,
Frank

I have found that if I open a chart with no indicators and then make TMA Slope my first indicator, I can then drag a moving average from the navigator onto the TMA Slope window. I then set the "apply to" parameter to "First Indicator's Data". Now I have a moving average of the TMA Slope displayed in the TMA Slope window. The moving average behavior is strange, probably because TMA repaints. It may prove to be useless information.
  • #11,124
  • May 27, 2012 10:11pm May 27, 2012 10:11pm
Hi Again, third post here.

I have traded in Demo for the first week and I got to say 'pretty interesting'!
i had a large Drawdown but more wining trades than losing trades so an interesting combination.

CaveManager still beats me, I read the pdf 4 times on the train, and also looked it up in the forum and there is nothing that can answer me this question (maybe because they are too basic?!) i am 100% new to MT4.

1) If I want to use the 3 exit options offered by this EA , do I have to open 3 lots/positions? Maybe obvious but the pdf v1.1 actually confused me by saying you can only have 1 LOT with Cavemanager at a time.

2) Reading Al's blog all the way, would it be accurate to say that if he used this EA he would put a STOP of 100 pips? Being it so, then would you agree it does not make sense to use the Trailing Stop option since 100 pips is just too far for any T SP to actually work?

3) According to Al's system if we choose an aggressive exit, we should use a trailing stop of a third (1/3) of the total amount of pips from band to band. In the example if it was 60 pips, then trailing will be 20 pips.

In that case, if PA moves 20 pips the stop will move also by 20 pips. Assuming this is correct, this is less aggressive than the normal exit option where we move 20 pips if the band to band distance is 40 pips, isn't it?

Thanks in advance to anyone who takes the time to answer this.
  • #11,125
  • May 28, 2012 2:26am May 28, 2012 2:26am
Quoting frollollc
..................... make TMA Slope my first indicator, I can then drag a moving average from the navigator onto the TMA Slope window. I then set the "apply to" parameter to "First Indicator's Data"....................................................
Its not necessarily be that way all the time. You can add any other indicators first then add TMA Slope followed by MA. Now you choose "Previous Indicator's Data" parameter. You will get same result
Lets make some green pips
  • #11,126
  • Edited 4:27am May 28, 2012 4:10am | Edited 4:27am
Hi guys hope u had a great weekend, here's our daily Trading read,

Fundamentals :

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

Some Technicals :
-EUR/USD:
"You can't relax your guard as concerns remain over the problem in Spain. There still is a good likelihood that the euro will fall to test the $1.20 mark." Mizuho Corporate Bank (based on WSJ)
-GBP/USD
"Morgan Stanley said the pound had joined the euro at the top of its preferred currency selling list." (Reuters)
-USD/JPY
"Whether it wants to or not, the BOJ won’t have a choice but to increase asset purchases if the yen strengthens significantly."
Shinkin Asset Management Co. (based on Bloomberg)
-USD/CHF
"The situation over the past few weeks has worsened and has become a lot more uncertain. At the same time, we are observing a considerable upward pressure on the franc. Investors are looking for a safe haven."
Thomas Jordan, SNB President (based on Bloomberg)

Summary :

-Euro Starts the Week With a Bounce Following New Greek Polls.
-This correction is maybe the correction that we've been waiting for, disguised in the form off a Greek opinion polls that showed Sunday that the pro-bailout New Democracy conservatives overtook the far-left anti-austerity Syriza ahead of a general election set for June 17.The markets was waiting patiently for one small positive piece of news from Europe and specially from Greece to make a correction.
-still we are in a bear market regarding the Euro and We don’t want to attempt to pick the bottom in this market as it has been selling off hard with no obvious price action signs of a reversal on the horizon Traders can watch the 4 hour or daily charts for potential price action trading sell signals this week on any retraces back to resistance.

Calendar :

-Thin Calendar and markets today because of the memorial day holiday in the US.
-The most important factor this week is the US jobs Report on Friday.

Daily trading wisdom :
-‘I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful. Simple as that and simple is always better.’ - Warren Buffet -
Master Your Setup, Master Your self. (NQoos)
  • #11,127
  • May 28, 2012 4:27am May 28, 2012 4:27am
Thanks Bassramy
Vandag is die dag.....
  • #11,128
  • May 28, 2012 4:28am May 28, 2012 4:28am
Quoting Leokira
Thanks Bassramy
Read it again i updated, you are most welcome.
Master Your Setup, Master Your self. (NQoos)
  • #11,129
  • Edited 4:56am May 28, 2012 4:28am | Edited 4:56am
Due to bank hollidays, I didn't enter any real trades (I wish I would have), but did only demo trades on Friday and weekend (including today). Results:
- Friday entry long EURUSD @1.2517, closed with little under 100 pips today
- Friday entry long, AUDUSD @0,9759, close with 57 pips plus
- Sunday: EURJPY short @100,22, closed with 30 pips plus
- Today, DAX short from 6414, closed with 42 pips plus

- There were also AUDUSD and EURUSD short trades that ended with 35 pips loss each (SL hit) today.

I missed few (3-4) of good trades on Friday due to lack of time, which would also bring about 250 pips in total. But ok, no entry, no loss, no win.


Still, total is about +160 pips. Starting again tomorrow with real positions.

Note: I use a bit different settings, but so far so good.


BR
  • #11,130
  • May 28, 2012 6:32am May 28, 2012 6:32am
There is somebody else waiting for short positions on AUDUSD ?
Seems to happen very soon in h1, but on daily chart there is a clear long.
Am i right ?

BR.
There is no place for wimps
  • #11,131
  • May 28, 2012 8:27am May 28, 2012 8:27am
Quoting BraunTrade
There is somebody else waiting for short positions on AUDUSD ?
Seems to happen very soon in h1, but on daily chart there is a clear long.
Am i right ?

BR.
Happening now.
Attached Image (click to enlarge)
Click to Enlarge Name: au 15m chart.jpg Size: 158 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,132
  • May 28, 2012 8:44am May 28, 2012 8:44am
Quoting bassramy
Happening now.
So my friend, lucky you had. I was going to work at the moment of the entry signal. Thanks for share it with me. It is so good to have a confirmation.

Now, i will wait for a reversal signal.

BR.
There is no place for wimps
  • #11,133
  • May 28, 2012 10:06am May 28, 2012 10:06am
Quoting Grins
Best of good fortune to all this week. Monday is a US holiday so expect thin markets during the late European session and very thin during the US afternoon session, prime time for HFT stop hunts. The failure of the euro to incinerate over the weekend has caused gaps which may close quite soon but this may be the week of the retracements we've been anticipating.

Lee
The world is still in waiting mode to see what form the big bazooka of Merkel/ECB will be. The silence is in part due to the Greek election, which no one wants to influence one way or the other. Any move seen to influence the election can be counterproductive as seen by the effect caused by Lagarde´s comments over the weekend. Still, June 17th is a long time to wait, while Spanish bond rates keep climbing (6.50% today). Something will be done before then, in my view. In the wake of this silence, it is somewhat surprising to see the resiliency of the euro. Many pundits are scratching their heads wondering why the euro is still above 1.25.

When something constructive is announced, the move higher should be powerful.
Observation is the path to discovery.
  • #11,134
  • May 28, 2012 10:06am May 28, 2012 10:06am
Dear all :

I want to thanks to Mr.Jose ( id:rumbaut ) , because his FXCX indic help our Taiwan TMA team to re-confirm our entry point at TMA system, We want to say our appreciation highly to Mr.Jose.

Road test Photo attached ~

We also found that TMACD also can help us to re-confirm our entry point too.~~

TMACD , tune to ( 3,240)
FXCX tune to 10



SCOTT-ibm

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FXCX forex trend repaint — Hello all ... Note: I uploaded my tpl and asked for any suggestion to improve it. My idea is wait for strategy like Al with TMA 15m but trade this possible entry only with 1m ...


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Quoting Alorente
The system works. The two main reasons why it works are:

1- It forces you to wait until there has been an extended move in the previous direction before letting you enter the trade. This, according to many great traders and TA guys like John Murphy, is the number one condition to look for before accepting a trade.

2- It gives you a clear target of when to get out. How many times did we have a profit in a trade, just to see it evaporate because we didn´t exit on time?

Following an established trend is all well and good but many times when...
Attached Image (click to enlarge)
Click to Enlarge Name: fxcx_tmacd_m15_jose.gif Size: 40 KB
  • #11,135
  • May 28, 2012 10:46am May 28, 2012 10:46am
Quoting Alorente
The world is still in waiting mode to see what form the big bazooka of Merkel/ECB will be. The silence is in part due to the Greek election, which no one wants to influence one way or the other. Any move seen to influence the election can be counterproductive as seen by the effect caused by Lagarde´s comments over the weekend. Still, June 17th is a long time to wait, while Spanish bond rates keep climbing (6.50% today). Something will be done before then, in my view. In the wake of this silence, it is somewhat surprising to see the resiliency of...
Indeed. I see the New Democracy party is leading in the polls and the Democratic Left is insisting on a promise from Syriza they will shun austerity and keep the Euro before backing them. This is going to be a roller coaster ride, and even after the elections it's going to be wild. Greeks are, ummmm, demonstrative, lol. Politicians are talking out both sides of their mouths as they do when seeking election and Greece cannot abandon austerity and accept ECB money forever.

This is a great time to be a trader.

As to why the Euro is elevated, we need only look to PBOC, SNB, Fed and some less visible players for that answer.

I saw Spain's bonds were higher, get up around 175% and I may buy some.

I need to catch up on the Greek bonds issue, last I heard the new bonds were being written under UK guidelines which would give control over Greek debt to (essentially) Merkel. I hope the Greeks squashed this.

On another note, I'd love to see the Euroscares fade a bit so we could focus more on China, I've been short audnzd since 12/20/2011 and need some bad Chinese data to get that baby heading back down.



Lee
"The more I practice the luckier I get." Gary Player
  • #11,136
  • May 28, 2012 3:30pm May 28, 2012 3:30pm
hey folks been following this.

I just am wondering what is the function of the actual Dashboard?

Is it just a mere guideline or is it what we should be following?

Has anybody followed it directly and seen any profitability?

Also can i be pointed towards a certain page on the thread where it is possible to view the set up most people have for their screen. I have loaded the template but it doesn't seem to be what youse are using at the moment.

I can load 'Lorentes Big Template' but the numbers get in the way to the right and it is missing some key indicators.

I am abour 3% into this, but i have read around 100 pages of the thread, is there any page to direct me to setting up the key indicators and a general guideline.

or is it best to follow the DASHBOARD?

Thanks
  • #11,137
  • May 28, 2012 4:02pm May 28, 2012 4:02pm
Quoting Alorente
Normtold, have you had additional problems with Pepperstone or is this an isolated occurrence. I ask because I am currently opening an account with them and I would like to know. I have my accounts currently with FxPro, who incidentally, do allow hedging.

Hi Al and the others,

Did you end up opening an account with Pepperstone? What are your impressions by now? Any of you have a live account with this broker?

I have been on demo for the past 3 months with Oanda Canada, as this was my first choice broker and was very happy with it. I tried to open an account with them this past week, but they have a new requirement for new clients. All Canadians must comply with the new rule from IIROC, which is to qualify as an accredited investor (must have either 200k annual salary or 5000k net assets... ).
  • #11,138
  • May 28, 2012 7:57pm May 28, 2012 7:57pm
[ATTACH][ATTACH]
Attached Image


It must be a very new requirement. The Oanda Canada website says there is no minimun deposit
Attached Image
  • #11,139
  • May 28, 2012 9:08pm May 28, 2012 9:08pm
Sorry to bother you guys and pollute this thread, but I came across an indicator few weeks ago and lost it. It was a macd with 4 colour histogram called macduy or something. Anyone know it and can share ?

Thank you!
  • #11,140
  • May 28, 2012 11:58pm May 28, 2012 11:58pm
Hey, click on the top right corner and you should see an attachment icon: you can find all downloads there (I don't know the one u are looking for)
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