Extreme TMA System | Page 566 | 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

  • #11,301
  • Edited 9:43am Jun 1, 2012 9:04am | Edited 9:43am
I'm short in EU. At last candle open, candle briefly went red and Trix breifely went red before I could even capture the picture, then colors turned right back. Spread also widened to +10 on me.

We'll see if I get taken for a ride on another wild spike.

P.S. Up +22 pips so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eulastfridaytrade.gif Size: 26 KB
  • #11,302
  • Jun 1, 2012 9:36am Jun 1, 2012 9:36am
I'm using synergy TDI to confirm entry. I noticed that when green line is above top blue or below lower blue line and turns in opposite direction this would be good place to sell or buy. Is anyone also using this indicator in that way?
  • #11,303
  • Jun 1, 2012 9:42am Jun 1, 2012 9:42am
Quoting ncc74656
I'm using synergy TDI to confirm entry. I noticed that when green line is above top blue or below lower blue line and turns in opposite direction this would be good place to sell or buy. Is anyone also using this indicator in that way?
Someone else here is. Was that you I was talking too about it?

Try it if it helps you. I dont see the need myself. I tried TDI three other times with different methods. I fricken hate that indicator. It's a lot like stochastic cross method, looks good in hindsite. All it really does though make lines that are sillhoute of price.

It's the king of repainters too.

IMO TDI is a worthless POS on anything less than the 4H timeframe. Even then the traditional entry of the TDI is always very late of the best entry, and often gets you in where price is going to reverse hard.
  • #11,304
  • Jun 1, 2012 9:53am Jun 1, 2012 9:53am
Quoting KumoDragon
I'm short in EU. At last candle open, candle briefly went red and Trix breifely went red before I could even capture the picture, then colors turned right back. Spread also widened to +10 on me.

We'll see if I get taken for a ride on another wild spike.

P.S. Up +22 pips so far.
Kumo,

When you took that trade TMA Slope was still positive on the m15? I am not totally clear if you should wait for the -.25 TMA on the time frame you are trading or are just taking the trade off of the negative TMA on the 4h.
  • #11,305
  • Jun 1, 2012 10:02am Jun 1, 2012 10:02am
Quoting KumoDragon
I'm short in EU. At last candle open, candle briefly went red and Trix breifely went red before I could even capture the picture, then colors turned right back. Spread also widened to +10 on me.

We'll see if I get taken for a ride on another wild spike.

P.S. Up +22 pips so far.
P.P.S Up +36 locked +5 because it's friday and I dont want to hold on to a trade as the day wears on and price stops moving for the weekend.
  • #11,306
  • Jun 1, 2012 10:16am Jun 1, 2012 10:16am
@ KumoDragon

great job. thank for help and your patience with me.

i need more practice for that system. so next week to the some place...
  • #11,307
  • Jun 1, 2012 10:23am Jun 1, 2012 10:23am
Quoting starlighter
the some for eurjpy short
for both trades i would still waiting. SL on entry
  • #11,308
  • Jun 1, 2012 10:27am Jun 1, 2012 10:27am
Quoting harvman5
Kumo,

When you took that trade TMA Slope was still positive on the m15? I am not totally clear if you should wait for the -.25 TMA on the time frame you are trading or are just taking the trade off of the negative TMA on the 4h.
For long OR short 15M can be within ranging numbers. ranging numbers = -.25 to +25. So, it was still in ranging numbers on 15M on my chart, while the 4H was negative.

So, technically positive is +.26 or more.
  • #11,309
  • Jun 1, 2012 10:30am Jun 1, 2012 10:30am
wow!
Attached Image (click to enlarge)
Click to Enlarge Name: 预测成功1.PNG Size: 273 KB
  • #11,310
  • Jun 1, 2012 11:08am Jun 1, 2012 11:08am
Hey!

After using it without problems, I got some technical issues:

The table is mostly empty and it says "MT4 does not have all the data yet", the values on the right are all 9.0 and the graph of the TMASlope does also not work at all. I use a Win 7 Prof 64-bit and MT4.00 build 432.

Does anyone else have this problem?
  • #11,311
  • Jun 1, 2012 11:55am Jun 1, 2012 11:55am
does anybody here know if the downward trend in uk markets will continue and for how long..?
  • #11,312
  • Jun 1, 2012 12:14pm Jun 1, 2012 12:14pm
Quoting pclick2010
does anybody here know if the downward trend in uk markets will continue and for how long..?
If anyone, "knew," they would be a millionaire trader from the future, who travels back in time to make use of his knowledge.
  • #11,313
  • Jun 1, 2012 1:32pm Jun 1, 2012 1:32pm
Quoting tomthepoppop
Sandrutza - Thanks for the explanation but I still can't get it to do correctly.
1. I right click on 12 MA 2. The dialog box comes up and shows 12 MA, smoothed, close 3. I click on "close" and the dialog box pops up and I click on "First Indicators Data" 4. I click on "OK" and return to my screen
No change - so I go back and look - guess what - 12MA dialog box shows it is based on "close" not on "first indicators data". Over and over this happens. I do not know what else to do. It may not make much difference because it...
1.Can you post a screenshot of the way your template graph looks?
2. Are you using the Lorente Magic System.tpl without any modifications?
3. Did you make sure the first indicator in the list of indicators was the Exreme TMALine of your current template ?

Here, I attached the template I am using, with the 12 smoothed MA of the TMA center line on it. Try loading my template and change the GMT hours shift according to your broker for the pivots indicator (mine is +2h from GMT). Let me know if this works
Attached File(s)
File Type: tpl tma magic system.tpl   21 KB | 573 downloads
  • #11,314
  • Jun 1, 2012 1:38pm Jun 1, 2012 1:38pm
Quoting sandrutza
1.Can you post a screenshot of the way your template graph looks?
2. Are you using the Lorente Magic System.tpl without any modifications?
3. Did you make sure the first indicator in the list of indicators was the Exreme TMALine of your current template ?

Here, I attached the template I am using, with the 12 smoothed MA of the TMA center line on it. Try loading my template and change the GMT hours shift according to your broker for the pivots indicator (mine is +2h from GMT). Let me know if this works
Thanks again Sandrutza - I finally got what you were saying. I literally had to make sure the first indicator was the TMA line - Then all was well. I appreciate your time.
Tom
  • #11,315
  • Jun 1, 2012 1:52pm Jun 1, 2012 1:52pm
Quoting tomthepoppop
Thanks again Sandrutza - I finally got what you were saying. I literally had to make sure the first indicator was the TMA line - Then all was well. I appreciate your time.
Tom
Good!
  • #11,316
  • Jun 1, 2012 2:24pm Jun 1, 2012 2:24pm
Quoting KumoDragon
I'm short in EU. At last candle open, candle briefly went red and Trix breifely went red before I could even capture the picture, then colors turned right back. Spread also widened to +10 on me.

We'll see if I get taken for a ride on another wild spike.

P.S. Up +22 pips so far.
Wow, man... you had A LOT of luck here.

Consider also higher time frames like h1 and h4. You had extremenly strong bullish signal on higher time frames, so the only reason you got out of this one with profit is, that sentiment overall is bearish. Even based on TMA system, this was a good h1 move up.

I know it's Friday and all (player cashing in profits) etc, but if you have been following news last few days, US, China and Asia overall are starting to feel the effect of cheaper €, which makes their economies less competitive at home and makes them hard to sell to Europe.

This might be the beggining of retracement. We'll see next week.

BTW: although I didn't have time to trade a lot last few days, I had a small gold long position opened. I opened as min15 channel ATR4 hit h1 ATR4 channel and price penetrated them both.
I think it's needless to say, that based on PA I hit TP.


BR
  • #11,317
  • Jun 1, 2012 3:01pm Jun 1, 2012 3:01pm
Quoting tp0440
Wow, man... you had A LOT of luck here.

Consider also higher time frames like h1 and h4. You had extremenly strong bullish signal on higher time frames, so the only reason you got out of this one with profit is, that sentiment overall is bearish. Even based on TMA system, this was a good h1 move up.

I know it's Friday and all (player cashing in profits) etc, but if you have been following news last few days, US, China and Asia overall are starting to feel the effect of cheaper €, which makes their economies less competitive at home and makes...
Well the fact that it already moved up over 173+ pips left a lot of room for my short, which was eventually stopped out for +5 anyway. I would have held on to it, but being Friday and all I just let it go.

That's the beauty of AL's method and IMO the core reason it works, that is to go short you wait for an extreme long movement and visa versa.

Trying to predict the market by news will get you no where fast trading, someone say one thing one day then someone reverses the opinion the next day, or some unexpected even changes the outlook. IMO trying to predict the overall direction of the markets is a fools game. I day trade, so I'm not worried if it's going to reverse the next day and go 200 pips the other way. I just go for small chunks of the 15 when it looks good, and when I can lock in postive and try and let it ride.

I just avoid placing trades during news releases that make it spike. I find the news, besides the spikes, is more or less built into the market moves.

I looked at the higher time frames, I always do. I did not see any strong bullish signals. I just saw that price had been going down for a while. That doesn't automatically signal strong bullish. If you scroll back you'll see EU has had no problem going quite a bit lower once its hit around these numbers.

P.S. But, yes, no matter what anyone would like to think to the contrary their is always an element of luck mixed in with whatever method one trades.
  • #11,318
  • Jun 1, 2012 3:17pm Jun 1, 2012 3:17pm
"Even based on TMA system, this was a good h1 move up."

Actually if you look at the numbers for 1H and use the same rules as you use for 15M, and use the higher time frame and not go long if the numbers disagree, it would NOT have been a good long.
  • #11,319
  • Jun 1, 2012 3:29pm Jun 1, 2012 3:29pm
1, 2 pages ago I posted about not working indicators, now I found something really weird. On most of the pairs it works perfectly, also with the table and so on. But e.g. EURUSD, USDCHF and GBPUSD just wont show anything on the TMASlope indicator and for the numbers (all are 9.0).

Any ideas or something?
  • #11,320
  • Jun 1, 2012 3:32pm Jun 1, 2012 3:32pm
We agree actually. All I meant with h1 long was, PA hit extreme low position, which would if there were not a strong downtrend, be a very strong long signal.

Overall I am also min15 trader as you, but I use a bit different settings. And I actually monitor on same chart min15, h1 and h4 TMA, so I can get a better overall perspective.

With regards to news: generally it's alreay incorporated in price, so again we agree. But what creates reversals or retracements is a series of news against the trends. And this is happening for the last 2-3 days. One or a few individual news can cause spike, but won't change trend. But durable flow if news against major trend will actually cause it to turn arround. That was my though and for this reason I was looking today for long. I was not arround to enter any serious trades, hence only small position on gold, but it was actually spot on.

BTW: congrats on great series of trades!

BR
41 traders viewing now