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Extreme TMA System

  • #11,421
  • Jun 6, 2012 3:22pm Jun 6, 2012 3:22pm
Grins thank you very much. already understood. to see if together we make this great system of alfredo better than us leave the great master a Greeting
  • #11,422
  • Jun 6, 2012 8:15pm Jun 6, 2012 8:15pm
Hi Alorente,your rule of tma slope is -0.25 to 0.25.Why you do not change the parameter of tma slope into -0.25 to 0.25?
  • #11,423
  • Jun 7, 2012 3:00am Jun 7, 2012 3:00am
Where are all the experts of this thread?

I think the sharing notes is usefull, but if you won't participate, it'll die.

Note: EURUSD is showing hidden bullish divergence forming up. Assesment: sideways or fall in London session, potential bullish breakout later.


BR
  • #11,424
  • Jun 7, 2012 3:07am Jun 7, 2012 3:07am
Quote
All the rules you need are in the #1 post. Read that while looking at charts until you understand it.

Kumo, I understand the rules, I made some successful trades and recovery, I'm not "beginner" here. You misunderstood me, I just want to share my traiding plan because I want to know some opinion about it, and maybe someone find something useful in it.
Everyone trading in their own way, everyone have their own plan, thats why not every single system is for everybody.. I have my path of decision, you have your path of decision.. Key is to learn from people who have similar thinking or methodology. We have same system so we can post our tips here.. sound simple right
I learn from you post and pic, so thanks a lot and I wish you well

Immvp - ATR (average true range) is projection of how far price can go in single day, so you can place your TP to be hit in same day that you trade. It is not infallible indicator so be careful.

Greetings.
  • #11,425
  • Jun 7, 2012 3:14am Jun 7, 2012 3:14am
Quoting cwench
Hi Alorente,your rule of tma slope is -0.25 to 0.25.Why you do not change the parameter of tma slope into -0.25 to 0.25?
simple -> He did not have time to do it.
If you want someone to take you by the hand and led to the Forex hall of fame with 1bilion on your acount - check your expectations

just kidding
  • #11,426
  • Edited 4:08am Jun 7, 2012 3:32am | Edited 4:08am
Quoting KumoDragon
Ya, but the numbers for 15M is "Buy ONly." On my chart 31, so if it falls a bit in the numbers it would be a range trade per the rules.

P.S. I'm acidently already in AU, as I mistook another pairs numbers for AU's. I would not have entered has I looked at the right numbers. Right now I'm -13 pips on AU.

If you look on higher time frame AU, bounced off of 9900 before. Hoping it does that now, but looking more like its going to pop that to hit stops up there.

EU, looks like it could be setting up for a short, price is approaching the...
Exactly thats why i used the Patience word, just for info like i said yesterday (Remember Trader vic's 2b Pattern)the A/U Is beginning a bullish trend because of the strong GDP numbers, taking in consideration that 50% of the world especially Europe is in recession.
Aussie Numbers :

Yesterday :
GDP q/q : Actual Forecast Previous

1.3% 0.5% 0.6%
Today :
Employment Change : 38.9K -2.2K 7.0K

Unemployment Rate : 5.1% 5.1% 5.0%

Guys These are very strong numbers coming from down under, no wonder the Aussie Gained all across the board.
My Opinion : After maybe a small bear correction the bullish trend will resume, at least the numbers are saying so (+0.8% more than forecast GDP) and numbers don't lie.
Attached Image (click to enlarge)
Click to Enlarge Name: au h1.gif Size: 39 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,427
  • Edited 5:10am Jun 7, 2012 4:28am | Edited 5:10am
Quoting Grins
Always good to see you here, my eyes are on eurusd as well, watching candles.

Lee

edit; 1.2625 is an important level for eurusd, it could run this high.
Yes and this is the retest so get ready to short, just remember that E/U is in short term bullish trend so don't set your Limit too far maybe the bottom of the h1 Band or the 200MA is a logical Target, remember that this is considered counter trend trade.
Just observe the 3 TMA Bands and the 200MA and how they behaved (m15 turning down from the top of h1 band, h1 going up and h4 leveling off and start to change direction).
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15.gif Size: 44 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,428
  • Jun 7, 2012 4:59am Jun 7, 2012 4:59am
Quoting bassramy
Yes and this is the retest so get ready to short, just remember that E/U is in short term bullish trend so don't set your Limit too far maybe the bottom of the h1 Band or the 200MA is a logical Target.
Just observe the 3 TMA Bands and the 200MA and how they behaved (m15 turning down from the top of h1 band, h1 going up and h4 leveling off and start to change direction).
Agree. 200Ma still dropping down. Expecting EU turn down at R1 line???
  • #11,429
  • Jun 7, 2012 5:07am Jun 7, 2012 5:07am
Our Daily Research meeting:

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

Summary :
Same talk all over the newswires stimulus,stimulus,stimulus.
Australia GDP surges in first quarter,Fastest acceleration in growth for five years.
Euro, Growth Currencies Firm on Stimulus Hopes.
Yen weakens on prospect of intervention,Japanese currency loses ground against the dollar,Japan weighs its fifth currency intervention in two years.
Stimulus hopes spur risk rally,Investors look to central bank meetings.

Calendar today :
Heavy heavy calendar today for all the pairs, be careful.

Trading wisdom of the day :
"Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half. --Bruce Kovner"

I like to share with you this :
EURO :
"We monitor all developments closely and we stand ready to act."
- Mario Draghi, ECB president

Please accept all my respect and have a good profitable day.
Master Your Setup, Master Your self. (NQoos)
  • #11,430
  • Jun 7, 2012 5:58am Jun 7, 2012 5:58am
just a quick thanks to all of the experts keeping the post alive. I am reading you !

(edit) Just something a read today I thought it was worth re-sharing: Trades on D1 tell us the trend and Al does not go against it. So if HA is blue you go long or nothing. (hope I got it right)

Hernan
  • #11,431
  • Jun 7, 2012 6:02am Jun 7, 2012 6:02am
Quoting thewriter30
just a quick thanks to all of the experts keeping the post alive. I am reading you !

Hernan
Yes, me too.... thanks a mill for the info and charts still coming through...!
Every bit of info helps making me a better trader to be profitable one day (soon). Thank u kindly.
  • #11,432
  • Jun 7, 2012 6:32am Jun 7, 2012 6:32am
Quoting tp0440
Where are all the experts of this thread?

I think the sharing notes is usefull, but if you won't participate, it'll die.
tp0440, I'm sure you don't think I'm "an expert" of this thread, but I can explain why I'm not going to post here anymore.

This thread is Al's creation, it was very popular thanks to Al, not only because he's a very good trader and a very good teacher, but also because of his personality. Nobody can replace him and this thread will die no matter what other participants do.

That happened to the very popular "Trading Made Simple" thread after Big E left the thread, and that happens to any popular thread when the topic-starter leaves it.

Yes, it is not fair, but that's life, and life is unfair.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,433
  • Jun 7, 2012 7:46am Jun 7, 2012 7:46am
Quoting Favorite
tp0440, I'm sure you don't think I'm "an expert" of this thread, but I can explain why I'm not going to post here anymore.

This thread is Al's creation, it was very popular thanks to Al, not only because he's a very good trader and a very good teacher, but also because of his personality. Nobody can replace him and this thread will die no matter what other participants do.

That happened to the very popular "Trading Made Simple" thread after Big E left the thread, and that happens to any popular thread when the topic-starter...
I'm not judging (who am I to judge?) who is the expert. For me it's more about the community. Community as, everybody can provide an added value to the thread and we can all profit.

With regards to you personally... ok, we had a rough start, you are probably not the easiest personality to handle, but I think you can play the game.

Overall I think you are correct with the oppinion, that without Al, this thread will sooner or later die. Probably sooner. I find that unfortunate as this community was able to provide good info. Not only about the TMA system, but overall economic situation. Ther's a lot of data out there, but lack of quality info. But you can already notice, that with Al's departure, also other members are posting less or are already gone.

To bad.

BR
  • #11,434
  • Jun 7, 2012 2:33pm Jun 7, 2012 2:33pm
Hello everyone. Just a quick question to see if people had success with this method in the NY session?

Thanks,
Mac
  • #11,435
  • Jun 7, 2012 3:40pm Jun 7, 2012 3:40pm
Quoting macattack98
Hello everyone. Just a quick question to see if people had success with this method in the NY session?

Thanks,
Mac
A quick reply: Yes

Lee
"The more I practice the luckier I get." Gary Player
  • #11,436
  • Jun 7, 2012 4:33pm Jun 7, 2012 4:33pm
Quoting Favorite
tp0440, I'm sure you don't think I'm "an expert" of this thread, but I can explain why I'm not going to post here anymore.

This thread is Al's creation, it was very popular thanks to Al, not only because he's a very good trader and a very good teacher, but also because of his personality. Nobody can replace him and this thread will die no matter what other participants do.

That happened to the very popular "Trading Made Simple" thread after Big E left the thread, and that happens to any popular thread when the topic-starter...
Sad, but true probably. It's a different strategy than most and is quite good when used properly. I was developing a strategy similar to Als, but mine was based upon envelopes. Al was light years ahead of me so I quickly adopted his chart set up. I can't trade it as well as Al, or even KumoDragon yet but it will remain in my templates and used whenever I feel the rubber band is stretched as far as it should go.

Every strategy needs to be altered to fit the user and anyone taking the time to adapt this strategy to themselves will make money, the information is here, many times over. It began as a successful strategy and has been tweaked any number of times in the interest of making it more universally easy to understand and trade.

Lee

Lee
"The more I practice the luckier I get." Gary Player
  • #11,437
  • Jun 8, 2012 1:37am Jun 8, 2012 1:37am
1 look at the trend in 4h and 1 day but mostly in 4h 2 step to 15 minutes and I point the price alert pivots between the 2 which is the price 3 I hope the price comes out of the tma and touching as a pivot and I watch you run out of money and there is a divergence of trix (important). if he turns using the recovery system with 90 100 pips which is very effective sl try putting a 1% in each operation do not want to stress if I use the recovery and I have to wait a few days
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-06-08_0818.jpg Size: 145 KB
Click to Enlarge Name: 2012-06-08_0820.png Size: 75 KB
Attached File(s)
File Type: mq4 PriceAlert.mq4   5 KB | 480 downloads
  • #11,438
  • Edited 4:48am Jun 8, 2012 3:31am | Edited 4:48am
Quoting bassramy
Yes and this is the retest so get ready to short, just remember that E/U is in short term bullish trend so don't set your Limit too far maybe the bottom of the h1 Band or the 200MA is a logical Target, remember that this is considered counter trend trade.
Just observe the 3 TMA Bands and the 200MA and how they behaved (m15 turning down from the top of h1 band, h1 going up and h4 leveling off and start to change direction).
Follow up on yesterday's E/U trade, i took profit @ the bottom of the H1 TMA and The pair still going strong, expect a bounce of this TMA band but wait for the slope to range.

Usually i don't like to post my trades but this is for those who are skeptical about the usefulness of this strategie (Thank u Alorente) and yes this trade was initiated and managed during the interlap sessions (London after noon and Newyork session) for those who are asking.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M15.jpg Size: 256 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,439
  • Jun 8, 2012 4:20am Jun 8, 2012 4:20am
Daily Research Meeting :
Fundamentals :

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

Summary :

-Well that's it and like we said in our previous meetings Bullish correction did not drag EUR/USD far above 1.2555/85 and now appears to be fully terminated.
-Euro Lower As Bernanke Douses Risk Appetite.
-Dollar and yen suffer after Chinese rate decision.
-Euro, Aussie Slip as Fed Disappointment Outweighs China Surprise.
-SNB spends billions defending the franc.
-Canadian dollar set to roar ahead.

Calendar :

Heavy calendar today especially the Lonnie and the Aussie.

Daily Trading Wisdom :

Two rules for investing/trading :
Rule number one : most things will prove to be cyclical
Rule number two : some of the greatest opportunities for gain and loss come when other people forget rule number one
------Howard Marks

Thank you and have an excellent day.
Master Your Setup, Master Your self. (NQoos)
  • #11,440
  • Jun 8, 2012 5:45am Jun 8, 2012 5:45am
Much thanks to Al and all the active contributers of the past for developing such a great thread and system.

Just took a trade on the five minute NZDUSD chart according to the rules. Going quite nicely with literally 0 draw down.
Attached Image (click to enlarge)
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