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Extreme TMA System

  • #11,181
  • May 30, 2012 4:03am May 30, 2012 4:03am
Quoting Alorente
I am leaving for a golf trip until Monday. I hope all of you have a successful trading week. Good luck.
Master,
We will miss u.
P.S. Swing that Ace.
Master Your Setup, Master Your self. (NQoos)
  • #11,182
  • May 30, 2012 5:20am May 30, 2012 5:20am
Just took a by the book short on GU 15M. Indies say sell only, so by the suggested rules I will hang on for more until indies say ranging. Of course I'll lock in profit when it looks safe to do so.

Already up 10 pips as I write this.

If this one wins it will be 9 straight live wins with AL's method.
Attached Image
  • #11,183
  • May 30, 2012 5:47am May 30, 2012 5:47am
Quoting KumoDragon
Just took a by the book short on GU 15M. Indies say sell only, so by the suggested rules I will hang on for more until indies say ranging. Of course I'll lock in profit when it looks safe to do so.

Already up 10 pips as I write this.

If this one wins it will be 9 straight live wins with AL's method.
You got it, love those trades.
  • #11,184
  • Edited 6:07am May 30, 2012 6:07am | Edited 6:07am
Quoting thewriter30
Hi All,
I had a similar question some posts ago and really still wondering what the answer is. I can't see how the Cavemanager aligns with Al's approach, unless for only a few WINING trades.

All I see in this blog so far is how to cope with WINING. Great! but losses are unclear to me. CaveManager is an example. I was again with it yesterday on my Demo.

if I want to set a stop of 100 and simulate Recovery Management, I just can't ....so it's really an ad-hoc tool to me (I may be wrong!)
Cavemanger settings varies based on your trade. See here for one of Al's general suggestions.

Best regards.
  • #11,185
  • May 30, 2012 6:28am May 30, 2012 6:28am
Quoting Nes
It is a TEST right now on USD/JPY? I see divergence on Slope, RSI and Trix; there is 61% fibo for last big swing up. Looks like TMA turns upward.
Everything indicates that here will be turn up, am I correct? Am I think in right way with this system?
I know some people are already in on this one but personally I'd wait until it breaks the downtrend line you have drawn and successfully retests that same line on the other side. Yes you may lose some pips not getting in at the bottom but I think that's Ok.

Trading with no SL is IMHO better than trading with a SL. However, one of the least enjoyable things about trading with no stop loss is getting in on the wrong side of a long term downtrend.

Best regards.
  • #11,186
  • May 30, 2012 6:32am May 30, 2012 6:32am
Quoting Riddermark
I know some people are already in on this one but personally I'd wait until it breaks the downtrend line you have drawn and successfully retests that same line on the other side. Yes you may lose some pips not getting in at the bottom but I think that's Ok.

Trading with no SL is IMHO better than trading with a SL. However, one of the least enjoyable things about trading with no stop loss is getting in on the wrong side of a long term downtrend.

Best regards.
You should at least have an emergency stop loss. If you don't it's a matter of when not if, the market cuts a huge swing against your position. when that happens prey you aren't overleveraged.
  • #11,187
  • May 30, 2012 6:43am May 30, 2012 6:43am
Quoting tp0440
Thanks for the answers Al.

I did downsize my overall trading lately. Still, I still need to recover NZDUSD stupid trade I made...

Trading:
Right now (15 min ago) I'm long USDJPY and a little also EURJPY.


BR,
T.
Just curious why you bought E/J? M15 sell only -68 H1 sell only -48 H4 -43
  • #11,188
  • May 30, 2012 6:46am May 30, 2012 6:46am
Quoting Combo
Hi Al!
Entry Rules:

1- We will first determine trend in the TMA by using the TMA Slope indicator value of the TF you are trading. Ranging TMA (-0.25 to 0.25): Trades can be placed in both directions. Buy Only TMA (Above 0.25): Place ONLY Long trades. Sell Only TMA (Below -0.25): Place ONLY Short trades.


When using template "Extreme tma system" ranging TMA -0.5 to 0.5. Why?
It is different when Ranging TMA (-0.25 to 0.25).
You need to adjust the numbers in either the TMA Slope Indicator to -.25 and .25 and/or the Dashboard indicator if you are using that as well. That should adjust the signals that the Dashboard indicator gives.

However, the visual reds and greens you see on the TMA Slope indicator need to be adjusted by a programmer if I recall correctly which still needs to be done. Someone can correct me on that if I'm wrong.

Best regards.
  • #11,189
  • Edited 6:57am May 30, 2012 6:52am | Edited 6:57am
Quoting KumoDragon
You should at least have an emergency stop loss. If you don't it's a matter of when not if, the market cuts a huge swing against your position. when that happens prey you aren't overleveraged.
Yes, you are correct but Al only uses that at night if he has positions open. I assume during daytime he monitors the charts and if a big swing against him happens he will close the trade.

Personally I haven't used an emergency stop loss yet. Reason being is I bet small and stop placing trades when I have a certain number of trades open to keep my account levels really healthy so I am never overlevaraged.

It was explained to me once to visualize a normal piece of paper 8 1/2 x 11" as your whole account. The bets you place are going to be about the size of one stamp on that piece of paper. Very small.
.
It works for me but I may readjust my method at some point to try Al's.

Best regards.
  • #11,190
  • May 30, 2012 6:57am May 30, 2012 6:57am
Quoting Riddermark
You need to adjust the numbers in either the TMA Slope Indicator to -.25 and .25 and/or the Dashboard indicator if you are using that as well. That should adjust the signals that the Dashboard indicator gives.

However, the visual reds and greens you see on the TMA Slope indicator need to be adjusted by a programmer if I recall correctly which still needs to be done. Someone can correct me on that if I'm wrong.

Best regards.
Do you have these indicators/templates already adjusted ?
Can you share with us ?

BR
There is no place for wimps
  • #11,191
  • May 30, 2012 7:01am May 30, 2012 7:01am
Quoting Alorente
I am leaving for a golf trip until Monday. I hope all of you have a successful trading week. Good luck.
Have a great time Al. Good luck.

Best regards.
  • #11,192
  • May 30, 2012 7:07am May 30, 2012 7:07am
Quoting Riddermark
Yes, you are correct but Al only uses that at night if he has positions open. I assume during daytime he monitors the charts and if a big swing against him happens he will close the trade.

Personally I haven't used an emergency stop loss yet. Reason being is I bet small and stop placing trades when I have a certain number of trades open to keep my account levels really healthy so I am never overlevaraged.

It was explained to me once to visualize a normal piece of paper 8 1/2 x 11" as your whole account. The bets you place are going to be about...
Don't say no one warned you. Without a stop it will happen sooner or later.
  • #11,193
  • May 30, 2012 7:13am May 30, 2012 7:13am
Pending Sales of U.S. Existing Homes Decline by Most in a Year -5.5% in April
TALKING ABOUT A NEGATIVE NUMBER.
Master Your Setup, Master Your self. (NQoos)
  • #11,194
  • Edited 7:47am May 30, 2012 7:15am | Edited 7:47am
Gu +40 with +23 locked. Well see if price can dive below 1.5550 round number before stopping me out.
P.S. up 68 with +44 locked behind formation of cotinuation hammer on M15.
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  • #11,195
  • May 30, 2012 7:20am May 30, 2012 7:20am
Quoting KumoDragon
Gu +40 with +23 locked. Well see if price can dive below 1.5550 round number before stopping me out.
Hey buddy, could you share your indicators/templates with me ?
Thanks in advance.

BR.
There is no place for wimps
  • #11,196
  • May 30, 2012 7:21am May 30, 2012 7:21am
Quoting normtold
Just curious why you bought E/J? M15 sell only -68 H1 sell only -48 H4 -43
Extreme oversold situation. PA penetrated min15, h1 and h4 TMA with ATR4 (system says to use 2), which means, a lot of support.

This is not a trade to hold. It's to take about 15-20 pips and run. It gave 27 pips as max and then penetrated down based on news.

Bottom line - it worked, but this is dangerous.

EDIT: in general... don't do that unless you are very sure of what you are doing. And if you decide to do it despite it all, use very small position and/or leverage.


BR
  • #11,197
  • May 30, 2012 7:25am May 30, 2012 7:25am
Quoting BraunTrade
Hey buddy, could you share your indicators/templates with me ?
Thanks in advance.

BR.
My template is based on the lorente large.tpl that comes from the packet listed in this thread. I just added: standard bolinger band, round numbers indicator, trixr4kids.

P.S. the yellow lines you see are my entry and target lines, I placed them there manually.
  • #11,198
  • May 30, 2012 7:39am May 30, 2012 7:39am
Quoting KumoDragon
My template is based on the lorente large.tpl that comes from the packet listed in this thread. I just added: standard bolinger band, round numbers indicator, trixr4kids.

P.S. the yellow lines you see are my entry and target lines, I placed them there manually.
Nice..,so any problem to share with me ? I'm forex newbie, please help this little soul...i'll be very pleased

BR
There is no place for wimps
  • #11,199
  • May 30, 2012 7:52am May 30, 2012 7:52am
Quoting BraunTrade
Nice..,so any problem to share with me ? I'm forex newbie, please help this little soul...i'll be very pleased

BR
Just read AL's first post for rules of his method and try it in demo. You've probably happened upon one of the best methods that are freely available, IMO.
  • #11,200
  • Edited 8:14am May 30, 2012 7:53am | Edited 8:14am
Quoting BraunTrade
Nice..,so any problem to share with me ? I'm forex newbie, please help this little soul...i'll be very pleased

BR
Everything is on FIRST PAGE. You should read Extreme TMA Easy Table of Contents from Riddermark and try to fit template to yourself. Every Time you want to ask for something, you should first use search on the top of the thread, there is 750 pages, it almost sure that someone ask the same on the past..
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