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Extreme TMA System

  • #11,201
  • May 30, 2012 9:56am May 30, 2012 9:56am
Ok, i'll do this. Thanks guys.
There is no place for wimps
  • #11,202
  • May 30, 2012 10:06am May 30, 2012 10:06am
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.
Thanks for answer.
As we can see now, news from US was against me.. I should wait.. But look at 1D chart, PA is on meeting with 200MA, the same on 1W with Coral (there is some more space). According what Al wrote, it is strong support..
Countertrend is always more risky.. but this is only demo trade and I'm still learning.. I think this one is still valid..
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  • #11,203
  • May 30, 2012 10:36am May 30, 2012 10:36am
Quoting KumoDragon
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.

Hi, how do you use bollinger bands on this system?

Regards
Indicators always obey Price, not the other way.
  • #11,204
  • May 30, 2012 10:51am May 30, 2012 10:51am
I have the following setup for the USDJPY H1. H4 is ranging at -0.03, H1 barely at -0.26 and decreasing into range. Previous bar has formed a hammer in a downtrend. H1 trix fast just turned blue (my color for up). Also I am using the purple colored line (Adaptive Laguerre Filter) to filter out the price action. As you see it does a good job of moving with price and flats it self out during ranging periods. Work of John Ehler, whom has substantial studies in the adaptive and digital signal processing field.
  • #11,205
  • Edited 11:36am May 30, 2012 10:57am | Edited 11:36am
Quoting maxtrader
Hi, how do you use bollinger bands on this system?

Regards
I mainly use it as another price action filter. If I'm looking at a spike I'm considering going short on and price is at the top of BB or above it, I take it as a strong signal to add to the other signals. If price is in the middle or at the bottom for a short, then it doesn't look as good.

I also use it to filter spikes that might just keep going against the trade, instead of rebounding back to the other TMA band. To filter that I look for BB runs that hug the bottom/top bolinger band or are even running outside the top/bottom BB. If it looks like a BB run then I won't enter until price comes back inside the BB.

(edit) To filter out BB runs against a proposed trade I also watch the way the top/bottom BB is printed. If it's splayed up on a sharp angle it could be an indication of a BB run. At that point I look for price to be inside the BB and start bouncing back. If it it outside the BB or running along it I will not get in.

A BB is a great thing to overlay over this method IMO. You'll see very quickly that many of the spike entries end up starting from the bottom/top of a BB. You can see the same thing with a round number indicator (00-50) A lot of good spike entries end up either bouncing off a round number or dancing around a round number before going to the other TMA band.

So, if I see the normal 15M TMA rules line up, plus the top of BB, plus a round number bounce then the trade looks really good to me.

P.S. Bolinger Bands are something I decided to add and not an official part of the AL's original method.
  • #11,206
  • May 30, 2012 10:58am May 30, 2012 10:58am
Quoting svezir
I have the following setup for the USDJPY H1. H4 is ranging at -0.03, H1 barely at -0.26 and decreasing into range. Previous bar has formed a hammer in a downtrend. H1 trix fast just turned blue (my color for up). Also I am using the purple colored line (Adaptive Laguerre Filter) to filter out the price action. As you see it does a good job of moving with price and flats it self out during ranging periods. Work of John Ehler, whom has substantial studies in the adaptive and digital signal processing field.
Screen shot? One picture is worth a thousand words.
  • #11,207
  • May 30, 2012 11:03am May 30, 2012 11:03am
Added it. Sorry.
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  • #11,208
  • May 30, 2012 11:18am May 30, 2012 11:18am
Quoting svezir
Added it. Sorry.

What settings do you use for laguere filter?

Thanks
Indicators always obey Price, not the other way.
  • #11,209
  • May 30, 2012 11:54am May 30, 2012 11:54am
I use, LookBack 20 Median 5 Length 7 and Price Type 4
  • #11,210
  • May 30, 2012 11:57am May 30, 2012 11:57am
I know its not a popular pair but anyone thought about selling CAD/CHF?
A trade might be setting up soon
  • #11,211
  • May 30, 2012 12:07pm May 30, 2012 12:07pm
Hello Everyone:

Does anyone have an EA or any software that can exit a position when the TMA slope bar turns gray after a red or green run? Thanks for any replies.

Bluesky
  • #11,212
  • Edited 6:52pm May 30, 2012 12:28pm | Edited 6:52pm
Gu trade going nicely up +85 with +44 locked.

Al's method produces another near perfect entry. My entry was just 14 pips from the drop on GU today.

Update on GU, Locking in +100 at +115. Probably at a point where it's going to retrace now.
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  • #11,213
  • May 30, 2012 2:19pm May 30, 2012 2:19pm
Quoting Riddermark
This is a tough question to answer ....
Thank you for your input !
  • #11,214
  • May 30, 2012 5:20pm May 30, 2012 5:20pm
Hi all.

I'm noticing following:
- TDI (RSI) divergence (marked with red vertical lines)
- Fibbo expansions hit 161.% today on maximal possible move. Sure it can go beyond, but this is quite extreme
- I marked extreme positions also on RSI and TDI on levels of 80/20 (normally 68/32), RSI hit this level on previous bottom
- Yellow channel is D1 an was penetrated today again and note, I use ATR multiplier 4 instead of 2, so this is very extreme
- PA is near bottom of 9 month deviation channel
- If I'd zoom out more we'd also see TimeSlope divergence on D1
And for some reason, gold shot up like a rocket in the evening today.

We'll despite all of this, EURUSD can still easily drop a lot before retracing, but this are the most firm signs of possible change I've seen in last weeks.

Note: trend is still strong and is bearish. So in no was this means, go long now. Just to be clear.

BR
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  • #11,215
  • Edited May 31, 2012 12:08am May 30, 2012 8:27pm | Edited May 31, 2012 12:08am
1) A couple of things, any of you are in Sydney or AUS or similar time frame so we can eventually share entries/ideas on the spot instead of with 12 hours or more difference?

2) Riddermark : thanks for your answer buddy. I still cannot see how the CaveManager can be configured to simulate Recovery Method, but I am looking at what you pointed out and will investigate further. Thanks again
FOUND THE EA FOR RECOVERY!!!!!!! (http://www.forexfactory.com/showthre...43533&page=670) I guess search is also the path to discovery


3) MT4 NEWBIES: Templates can be modified easily since they are just TEXT files.
For instance, you can modify the 0.5 /-.05 values that are inside lorentes's template. Modify it, save it, re load the template and voilą, you got yourself the latest TMA Slope indicator (as per FIRST page) I do NOT know how to modify the grid though

4) I am a Java programmer but know nothing about MT4 (yet) I am happy to trade my 15+ programming skills for trading skills. I should eventually get to code easily MT4...you cant get something unless you give something...right?

5) KumoDragon: I saw the GU pushing down but did not have a technical explanation to support my trend following gut feeling (and I learned my lesson as I said on my first post the hard way) so I did not entry even though i am in Demo I want to do it all right.
Question is, are you familiar with or can recommend any trend following/swing systems for cases like this? I know some like the one I call the Triangle, where you join lows and highs in an H1 or M15 chart and expect the PA to break either the top or bottom line of the triangle lines (I will post an image tonight if interested)

FOUND TRIANGLE ANSWER: http://www.forexfactory.com/showthre...43533&page=671 (thanks guys)


happy trading!!
  • #11,216
  • May 30, 2012 9:18pm May 30, 2012 9:18pm
Hi Everyone

I have two charts on my screen.
one is FxPro and the other one Ava with EtremeTmaInfo with exactly the same setting( I think?).
but FxPro(-0.5～0.5 )shows Ranging and Ava shows -0.25～0.25 Ranging.
I am confused why this could happened.
I appreciate if anybody could solve my problem.
Thanks.
Santorini
  • #11,217
  • May 30, 2012 9:27pm May 30, 2012 9:27pm
5) KumoDragon: I saw the GU pushing down but did not have a technical explanation to support my trend following gut feeling (and I learned my lesson as I said on my first post the hard way) so I did not entry even though i am in Demo I want to do it all right.
Question is, are you familiar with or can recommend any trend following/swing systems for cases like this? I know some like the one I call the Triangle, where you join lows and highs in an H1 or M15 chart and expect the PA to break either the top or bottom line of the triangle lines (I will post an image tonight if interested)


happy trading!![/quote]

I got in using Al's method. This morning in the US session their was an entry as per the rules. I don't think you need a different method for, "trend following," even in trends their is going to be retrace entries that fit with this method and enter the trend. Just because AL said this method works best in a ranging market doesn't mean their isn't set ups in trends.

Their isn't always an entrance every day, so be patient. So, far I've found an average of 1 -2 entries for every pair I watch. (Of course I dont trade them all as I only have max 2 trades open at a time)
  • #11,218
  • May 30, 2012 10:06pm May 30, 2012 10:06pm
KumoDragon: thanks! yes, there was, you were really switched on! it was just a spike that crossed it. Great for you. Still, according to many Exits are the key to success along with money management and position sizing, right? So how would you put a long term exit (long term can be 2 days or 10) according to the charts? or you need/use fundamental back up?

Santorini: can you post the charts? one answer would be that as you guess, the settings are wrong, so in one template you have +/-0.25 set up and in the other +-0.50 setup

cheers
  • #11,219
  • May 30, 2012 10:28pm May 30, 2012 10:28pm
Hi thewriter30
Thanks for helping me.
I agree that the settings are wrong. but I just copy the ind to other MT4.
so I don't understand how could it be modified!?
Anyway if you know where I can change the settings. please teach me how.
Thanks a lot.
Santorini
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  • #11,220
  • May 30, 2012 11:07pm May 30, 2012 11:07pm
Quoting KumoDragon
I mainly use it as another price action filter. If I'm looking at a spike I'm considering going short on and price is at the top of BB or above it, I take it as a strong signal to add to the other signals. If price is in the middle or at the bottom for a short, then it doesn't look as good.

I also use it to filter spikes that might just keep going against the trade, instead of rebounding back to the other TMA band. To filter that I look for BB runs that hug the bottom/top bolinger band or are even running outside the top/bottom BB. If it looks...
Kumo,

Do you use the standard settings for the Bollinger Bands or something custom?

Thanks.

Best regards.
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