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Extreme TMA System

  • #12,061
  • Jul 24, 2012 1:45pm Jul 24, 2012 1:45pm
Quoting Trainman
Hello Al and TMA users,

Are you experiencing heavy CPU load when multiple copies of ExtremeTMALine are running at once? Crosshair cursor moving in a sticky, jerky fashion? Computer fan blowing a lot of hot air? As I am allergic to inefficient software I redesigned the code to reduce CPU resource use. This fast implementation uses less than 1% of the CPU cycles of the original indicator, while retaining all of the functionality.

One change that I made actually does modify the function of the original very slightly. The original indicator...
Great work and contribution thanks! So this was one of the CPU hog culprits..

I wonder if you can do the same to this great Indy Tmatrue? (no repaint)
Attached File(s)
File Type: mq4 TmaTrue.mq4   8 KB | 752 downloads
  • #12,062
  • Jul 24, 2012 1:46pm Jul 24, 2012 1:46pm
Quoting Alorente
I don´t think AudUsd will move higher. I think the W1 TMA will repaint lower and the repainted upper band will touch the 2 highs already established. This usually happens when the TMA is changing direction. The last high usually only makes it to TMA centerline, which after repaint, turns out to be the upper band. In this case, the centerline coincides with the Coral. I have noticed this many times in the past and I trade accordingly.
Yes that repainting fiend of a TMA channel can be tricky good observation I have noticed the same over time.

Good to see you 'round these parts again
  • #12,063
  • Jul 24, 2012 3:21pm Jul 24, 2012 3:21pm
Quoting Alorente
Thanks. Everything is going well. I have more time now to dedicate to trading and the thread.
Hi Al,

It is very nice to have you back.
  • #12,064
  • Jul 24, 2012 7:41pm Jul 24, 2012 7:41pm
Quoting Alorente
Thanks. Everything is going well. I have more time now to dedicate to trading and the thread.
Hi Al. Great to see you again. Wishing you well.

Best regards.
  • #12,065
  • Edited 12:16am Jul 25, 2012 12:03am | Edited 12:16am
will still appreciate feedback on recovery.
Now the EJ entered level 5 recovery but i have no money to open the new trade lvl 5 so i think i will lose it all

9000 - 7000 current loss = 2k left

NEWBIES and those who suck at trading (like me) BE WARE of recovery. use it in DEMO! learn.... there is no safety net, market does what market wants. No mercy (like my boss firing my ass yesterday)

Keep shining

Me


btw: I got a modified version of HA to alert me when the candle changes...not great but better than the version out there that keeps alerrting and it's very annoying
  • #12,066
  • Edited 3:04am Jul 25, 2012 2:47am | Edited 3:04am
News:
The European Central Bank said Wednesday that it
will launch a 7-day liquidity providing operation to ease pressures in
the short-term U.S. dollar funding markets. The operation is carried out at a fixed rate of 0.66% with the
central bank planing to satisfy all bids received against eligible
collateral. The minimum bid is $5 million. The Euro/USD rate is set at
1.2061.
Bids for today’s operation are due by 7:45 GMT today. Tender
results will be announced at 09:00 GMT.

Saved by the bell I guess. I was long on AUDUSD to early since yesterday evening. Closed +11 (before I saw the news). I added to the position later, when slope eased on negative later on. That one is closed with +30 (smaller position, stupid enough).

I also had trigger set on EURUSD long at 1,2060 (support with appropraite TMA number), but stupid enough, I didn't enter. 15 min later it was +60 pips.

Anyway, a bit of luch I guess, but 2 new positive trades in the line. The best one missed though. Warning: I entered to soon (preset order as I was away, so I preset order on a level which I though was safe; don't do that in a trending market against the trend. I came trough, but...).


@Thewriter30: I'm sorry to read about all of this. All I can say is: if you don't trade positively consistently for 6 months on demo, don't even open real account. Good luck!


BR
  • #12,067
  • Jul 25, 2012 2:55am Jul 25, 2012 2:55am
Quoting tp0440
News:
The European Central Bank said Wednesday that it
will launch a 7-day liquidity providing operation to ease pressures in
the short-term U.S. dollar funding markets. The operation is carried out at a fixed rate of 0.66% with the
central bank planing to satisfy all bids received against eligible
collateral. The minimum bid is $5 million. The Euro/USD rate is set at
1.2061.
Bids for today’s operation are due by 7:45 GMT today. Tender
results will be announced at 09:00 GMT.

Saved by the bell I guess. I was long on...
The charts that i posted yesterday matured, closed the Aussie trade @ my original target for those who said yesterday beware, start to build some longs from the same charts , patience and discipline always pays lets see how it evolves.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,068
  • Jul 25, 2012 3:03am Jul 25, 2012 3:03am
I know I'm opening to early and closing to fast... that's why I'm trying to improve. I am way positive, but trades are not shaped as they should be.

But the warning was not so weak as you might believe. Setup for long was decent already yesterday. I didn't hit any SL last couple of weeks, you did. That's the advantage of closing to fast (hey, I need to justify my mistakes ).

Anyway, the goal is to help each other. I'm glad for you, that you hit TP as planned.

BR
  • #12,069
  • Jul 25, 2012 3:25am Jul 25, 2012 3:25am
Hello ,
I am learning exstrem tma . Could you please say me am ı right or no.
EUR USD
1- Chart h15
h4 tma slopy ; RANGE
h1 tma slopy ; RANGE
For this reason h1 tma donwn bant ;1,2075 BUY
And ı am waiting h1 tma up band ,;1,2137 WİLL BE SHORT
Am ı right please reply me ?
Best Regards.
Bülent.
  • #12,070
  • Jul 25, 2012 3:44am Jul 25, 2012 3:44am
Quoting tp0440
I know I'm opening to early and closing to fast... that's why I'm trying to improve. I am way positive, but trades are not shaped as they should be.

But the warning was not so weak as you might believe. Setup for long was decent already yesterday. I didn't hit any SL last couple of weeks, you did. That's the advantage of closing to fast (hey, I need to justify my mistakes ).

Anyway, the goal is to help each other. I'm glad for you, that you hit TP as planned.

BR
Take it easy champ, i'm glad that you did not hit any SL and no need to justify your mistakes for anyone only for yourself, as you know everyone have a different MRM, good luck in yours.

With Respect.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,071
  • Jul 25, 2012 3:51am Jul 25, 2012 3:51am
GBP Prelim GDP q/q

Actual Forecast Previous
-0.7% -0.2% -0.3%

UK GDP
German Ifo Business Climate
U.K. Economy Shrinks Most in Three Years on Weather, Jubilee
All in red UK still in recession.
Master Your Setup, Master Your self. (NQoos)
  • #12,072
  • Jul 25, 2012 3:53am Jul 25, 2012 3:53am
Quoting Riddermark
Hi Al. Great to see you again. Wishing you well.

Best regards.
Thank you guys. It´s great to be back.
Observation is the path to discovery.
  • #12,073
  • Jul 25, 2012 3:58am Jul 25, 2012 3:58am
Quoting bulent
Hello ,
I am learning exstrem tma . Could you please say me am ı right or no.
EUR USD
1- Chart h15
h4 tma slopy ; RANGE
h1 tma slopy ; RANGE
For this reason h1 tma donwn bant ;1,2075 BUY
And ı am waiting h1 tma up band ,;1,2137 WİLL BE SHORT
Am ı right please reply me ?
Best Regards.
Bülent.
Yes. You are right, but I would be extremely hesitant to long EurUsd. It is destined for parity, reflecting the collapse of the European model. Any bounce on EurUsd should be very short lived and should be used for short entries.
Observation is the path to discovery.
  • #12,074
  • Jul 25, 2012 4:05am Jul 25, 2012 4:05am
Quoting bassramy
Take it easy champ, i'm glad that you did not hit any SL and no need to justify your mistakes for anyone only for yourself, as you know everyone have a different MRM, good luck in yours.

With Respect.
B.R.

Don't get me wrong. I appretiate all your work here. And yes I have to correct several issues in my trading, or one SL might take out several TPs. Just saying, that warning about bear being weak (or getting weaker) was based on charts which work very well.

BR
  • #12,075
  • Jul 25, 2012 4:18am Jul 25, 2012 4:18am
Quoting tp0440
Don't get me wrong. I appretiate all your work here. And yes I have to correct several issues in my trading, or one SL might take out several TPs. Just saying, that warning about bear being weak (or getting weaker) was based on charts which work very well.

BR
If you allow me, been there done that ( taking profit early or not letting your profit run ), nerves, confidence in your system and patience comes with experience, if your comfortable doing that for the time being so be it, the must important thing that you stated is the acknowledgment that this is not what it should be and that you are trying to improve, take it easy trading is a marathon and not a sprint .
One more thing, you shoudn't be afraid to take a stop loss i don't know of one serious trader who didn't take one its way better than letting your losses run, its the most important if not the only risk managment tactic out there.

And of course you know that i have nothing to gain from all of this, its the contrary, just saying.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,076
  • Jul 25, 2012 4:27am Jul 25, 2012 4:27am
Quoting thewriter30
will still appreciate feedback on recovery.
Now the EJ entered level 5 recovery but i have no money to open the new trade lvl 5 so i think i will lose it all

9000 - 7000 current loss = 2k left

NEWBIES and those who suck at trading (like me) BE WARE of recovery. use it in DEMO! learn.... there is no safety net, market does what market wants. No mercy (like my boss firing my ass yesterday)

Keep shining

Me


btw: I got a modified version of HA to alert me when the candle changes...not great but better than the version out there that keeps alerrting...
Ouch. Level 5. I agree with you about the perils of Recovery, but keep the faith just a little longer. As you no doubt have already noticed, the euro has started to turn the last few hours, so there is a good possibility that the bottom is in and a reversal is building.

Another thing to consider, on June 1 the Jpy spiked, which prompted the Japanese central bank to make a certain phone call that was the trigger event that halted the euro slide. Jpy has now retraced 78% back to the point at which that call was made, which must be making the central bankers nervous again.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,077
  • Jul 25, 2012 4:37am Jul 25, 2012 4:37am
Quoting bassramy
If you allow me, been there done that ( taking profit early or not letting your profit run ), nerves, confidence in your system and patience comes with experience, if your comfortable doing that for the time being so be it, the must important thing that you stated is the acknowledgment that this is not what it should be and that you are trying to improve, take it easy trading is a marathon and not a sprint .
One more thing, you shoudn't be afraid to take a stop loss i don't know of one serious trader who didn't take one its way better than letting...
Again - appretiated. I see with your way of trading the things I want to achieve or better, I should already achieved, but I lack discipline.

God knows, I've hit my share of SLs. Current set of wins is nice (well over 25 I think), but achieved also with to high risks sometimes, which is in the long run not ok. I'm well aware of that. And the profits are to small, even compared to SLs (I di always use them. Always).

Anyway - back to work and good luck to you all.

BR
  • #12,078
  • Jul 25, 2012 5:36am Jul 25, 2012 5:36am

The Ramy Report


Fundamentals :

-EU Rushes to Make ECB Single Bank Watchdog in Race to Save Spain.
-Fed Moving Closer to Action.
-Euro hit by Moody’s eurozone core warning.
-Germany to defend ‘safe haven’ status.
-China manufacturing nears growth level.
-Greece under scrutiny as ‘troika’ arrives.
-IMF Paper Says ECB Seniority on Greek Debt Undermines Crisis-Fighting Powers.
-"Germany will, through solid economic and financial policy, defend its ‘safe haven’ status and continue to responsibly maintain its anchor role in the euro zone."
- German Finance Ministry

Technicals :

EUR/USD: one more leg down :
EUR/USD slipped down to 1.2051 and is currently stabilising before
recommencing movement towards 1.2002/1.1976, where the pair
might attempt to reverse medium-term tendency, while long-term
outlook, nonetheless, should remain bearish. Rally then is likely to
encounter resistances at 1.2106 and 1.2187 and possibly could
extend even higher.

GBP/USD consolidates at 1.5504 :
GBP/USD managed to gain a foothold above 1.5504 after a
precipitous dip, but is nevertheless expected to weaken further and
aim for 1.5411/1.5389 initially and eventually fall down to
1.5283/51. The latter level is capable of changing the present trend
to a bullish one, as it is a major downtrend support. However, the
previous attempt to lift the Cable failed after confrontation with 55,
100 and 200 day SMAs.

USD/JPY is approaching a low of 77.66 :
The currency pair is closing in on a recent low of 77.66, though will
need first to push through two consecutive support zones at
78.16/08 and 77.94/85, the first of which has been already partially
eroded. Subsequent levels are to be found at 77.33 and 76.59/39,
whereas resistance that lies at 78.68, in conjunction with
78.98/79.19 and 79.25/50, will cap the price in the meantime.

USD/CHF is bullish :
USD/CHF remains below 0.9960 and is pulling back at the moment
after yesterday’s sharp rally, though retracement is not expected to
extend beyond 0.9906, given that the pair preserves its upward
momentum. Additional resistances are situated at 0.9999 and
1.0018/42 and guard 1.0125 for now from being attained, though
they are not viewed as strong enough to contain the price in the
medium to long-term.

Daily Calendar : -For Upcoming important economic announcements see the FF calendar.

Daily Trading Wisdom : -A person who keeps detailed records makes a huge leap in his development as a trader.
-Dr Alexander Elder-

Daily Trading Cartoons : - Recession.

Thanks Guys and Good Luck in your trading.
(Disclaimer : Don't Trust me or follow my lead i know nothing about the Financial Markets.)
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #12,079
  • Jul 25, 2012 6:06am Jul 25, 2012 6:06am
Hi Trainman http://www.forexfactory.com/images/s...ser_online.gif


Thanks for replying. It's Demo account but still hurts. Also hurts to know that I am not even close to being READY for a live account.... and being unemployed hurts even more to know I will keep depending on somebody else for a long time before tasting freedom. So it hurts.

It was probably a crappy entry, but i can't tell it won't happen again. This things happen except you are a Master of Trading. So i wondered what would I do in a real situation
Yes I should have exited probably long ago, but when? trading it's still a mistery to me

hanging in there

HErnan
  • #12,080
  • Jul 25, 2012 7:29am Jul 25, 2012 7:29am
Quoting thewriter30
Hi Trainman http://www.forexfactory.com/images/s...ser_online.gif


Thanks for replying. It's Demo account but still hurts. Also hurts to know that I am not even close to being READY for a live account.... and being unemployed hurts even more to know I will keep depending on somebody else for a long time before tasting freedom. So it hurts.

It was probably a crappy entry, but i can't tell it won't happen again. This things happen except you are a Master of Trading. So i...
HI HErnan,
Did you give this a thought:

"Hello everybody.

I am glad to see some of you are still trying to keep this thread alive. This thread is the only reason for joining FF and writing my first post.

Al, I know you don't post here so often, as other, more important things keep you occupied. Congrats on the wedding! I hope you are still reading the thread and maybe I can get your opinion and everybody else's on a modification of the Recovery System.

Second trade (L2) is supposed to be entered at 100 pips DD (or around that amount, when we get a good signal). Now here is the modification: assuming we are in a short trade, at -50 pips, open a long trade to completely hedge the sell.

If we reach 100 pips DD on the sell, we will have +50 pips on the buy. At this moment, let's say we get a good short signal. We close the buy at +50 and open another sell (the L2 sell). Of course, we will recover faster and need a smaller move down to get to BE because we already locked 50 pips on the buy and now we don't need to recover 100 pips, just 50, thus a move down of 25 pips will get us to BE

If we don't get to 100 pips DD and price returns at -50, where we opened the buy, we close the buy; i.e.: when we get to -50 moving upwards, we open the buy. If price goes to -80 (or any other amount before opening the L2 sell) and then returns to -50, we close the buy because we don't want that to become a loser.

I really hope you find this helpful.

Live long and prosper

P.S.: Bassramy, great job on the report and on keeping the thread alive."

Maybe it helps with future recovery trades
All the best
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