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Extreme TMA System

  • #12,141
  • Jul 27, 2012 1:20am Jul 27, 2012 1:20am
Yes, thanks all for the insights. I have now added to my brain memory bank to check the TMA alignment on higher TF. Probably this will explain the other big loss EJ 2 weeks ago. I appreciate the time you all put to answer questions really.
TP404 or 0404 was it? I totally folow your line of thought. REcently read that bit in Van tharps book about the best system it's "your" system ,and made little adjustemnts to Al's system, but i think first i must follow the system as second nature before changing/modelling it to my needs.

I am LOOKING for a trend following btw, because now that's trending (or thinkg it has/was/is i lack a system except the typical Baby Pips tools like triangles, fibo, etc.... any recommendation? links? Some other Al out there with a trending magic system :-o?
  • #12,142
  • Jul 27, 2012 1:52am Jul 27, 2012 1:52am
Hi.


Naturally, before being able to design a system or adopt existing one, you fiirst need to know and understand, what do you want to design and adopt. Write it down! Test it. Test it again, correct it and write it down again and test it again. Most of system can be backtested, TMA must be trained in life situations. But most of all I'd say - read Al's rules on page 1. 10 times. No joke, 10 times! Most of the mistakes you've made comes from not following some of the system's limitations. Remember: baby has to learn to walk first, before she/he can run.

Most trading platforms offer trainings, but babypips.com and this thread is really all you need to know in theory. KISS! (no, I'm not kissing you, I'm saying use kiss aproach, so - Keep It Stupid Simple).The rest comes with 3 things: practice, practice and ... yes - practice. Once you get the price action into your blood, everything will be easier. Oh, and for start.... don't focus on 10 pairs + indexes + commodities + .... Limit yorself to 1, 2 pairs at most. Seriousely. Not all pairs move the same. Some are more trending, some are extremely volatile, some are slow, etc. And AVOID gold, oil and probably also indexes for start. They are the least predictable of all.

Ther's my 2 cents. I hope it'll do you and others some good.


BR
  • #12,143
  • Edited 3:17am Jul 27, 2012 1:54am | Edited 3:17am
Quoting odellcash
Great points. Perhaps one compromise between SL vs. Recovery would be to use a SL if you enter a counter-trend trade that goes against you, and Recovery for trades with the trend.
Even better: Never trade countertrend. Never, never, never... Ever...

Edit: Let me give you my definition of trend:

I define a trend by the slope of the weekly TMA. If the TMA is going up, the trend is up. If it is going down, the trend is down. If the TMA has been going up for a while and now begins to turn down, the trend is down. If it has been going down for a while and now turns up, the trend is up.

I never trade against the Weekly trend as defined above.
Observation is the path to discovery.
  • #12,144
  • Edited 3:13am Jul 27, 2012 2:19am | Edited 3:13am
Quoting harvman5
Wow great simple illustration of the system. I too shorted the EU last evening because of just looking at the H1 band. I got stopped out for 30 pips but jumped the ECB news release for a 70 pip profit.

I have been trading the system with pretty good success for the past several weeks but am still learning. I am still not real clear on a couple of questions about the system still.

1. If trading time frames < 4h does the price have to make it to the 4h TMA line for a valid entry? For example, if trading on the 1h charts can the price just be in...
1- It depends. If you are in a ranging market, you should only trade when price is beyond the band. In a trending market and trading with the trend, you can enter trades when price gets to the centerline of the TMA, since later, the TMA will repaint and the centerline will become the outer band when all is said and done. For example: If you are trading short an H1 band going sideways, enter above the top H1 band. Then let´s say you exited at the bottom band. You reenter when price retraces to the centerline (mark your entry point on the chart) and exit again at the bottom band. You can do this repeatedly (Reentering on centerline and marking the point on the chart) as long as price continues to drop. Later, you will more often than not see that the centerline where you reentered has become the top band as the H1 TMA repaints. Once you get the feel for this, together with the guidelines I mentioned on my post 12105, you will become almost infallible with this system.

2- You can exit at those slope numbers if you want. I prefer to exit at opposite band once Heiken Ashi candle begins to change color. I don´t wait for a close of the bar.
Observation is the path to discovery.
  • #12,145
  • Jul 27, 2012 2:36am Jul 27, 2012 2:36am
Th perfect storm is brewing on NZDUSD and this time its with the trend also get ready guys to fade yesterday's moves on all high beta currencies and vice versa, follow AL'S rules and teachings in the last posts and you will be fine.
A visual of the NU is included.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: nu h1 .jpg Size: 109 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,146
  • Jul 27, 2012 3:11am Jul 27, 2012 3:11am
Quoting bassramy
Th perfect storm is brewing on NZDUSD and this time its with the trend also get ready guys to fade yesterday's moves on all high beta currencies and vice versa, follow AL'S rules and teachings in the last posts and you will be fine.
A visual of the NU is included.

Regards,
B.R.
I agree with you. Also, perfect storms are brewing in AudUsd and UsdCad.
Observation is the path to discovery.
  • #12,147
  • Jul 27, 2012 3:30am Jul 27, 2012 3:30am
Quoting Alorente
I agree with you. Also, perfect storms are brewing in AudUsd and UsdCad.
Hi Al,
Firstly, i would like to thank you for sharing this great system with the other fellow traders so patiently, i think if you understand it, it becomes a real GOLD MINE!
Secondly, would you please upload the latest TP, which you use and has the D1 borders too, i downloaded the file from the post 1 and it is slightly different with your recent pics.

Really, i thank you again and hope to be useful in this thread.
  • #12,148
  • Jul 27, 2012 3:34am Jul 27, 2012 3:34am
Quoting Alorente
I agree with you. Also, perfect storms are brewing in AudUsd and UsdCad.
It has taken me several weeks, but I feel I have identified the channels UsdJpy will follow in the next few months. The D1 TMA is Blue and the W1 TMA is green. As you can see from the daily. UJ can still drop a bit before it turns up for a great ride. At some point it will jum up out of the first channel into the second and maybe even into the third during the next 18 months.

The weekly TMA should repaint to match the walls of the first channel.

I am building a large long position which I will be trading long onkly as we move forward.

Good luck with it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy - weekly.jpg Size: 149 KB
Click to Enlarge Name: usdjpy - daily.jpg Size: 159 KB
Observation is the path to discovery.
  • #12,149
  • Edited 4:13am Jul 27, 2012 3:39am | Edited 4:13am
Quoting Alorente
It has taken me several weeks, but I feel I have identified the channels UsdJpy will follow in the next few months. The D1 TMA is Blue and the W1 TMA is green. As you can see from the daily. UJ can still drop a bit before it turns up for a great ride. At some point it will jum up out of the first channel into the second and maybe even into the third during the next 18 months.

The weekly TMA should repaint to match the walls of the first channel.

I am building a large long position which I will be trading long onkly as we move forward.

Good luck...
Need a little patience encore.
Nice setup on the Aussie, confluence of the 3 TMA'S for the perfect Bear storm.
Here comes the fade, EU, UCHF, UCAD, GJ is moving; GU and AU hanging in there let's see if they follow, beware the slope , its still in bullish mode yet.
Master Your Setup, Master Your self. (NQoos)
  • #12,150
  • Jul 27, 2012 3:49am Jul 27, 2012 3:49am
Hi Al

How can i see the H1 H4 D1 TMA on the H1 chart at the same time ?

From the Packet.zip (423.8 KB, 10714 views) on the first page , i only hava H1 H4 TMA on the H1 chart

Thanks for your help.

Best regards
  • #12,151
  • Jul 27, 2012 4:07am Jul 27, 2012 4:07am
Quoting Mini Trader
Hi Al,
Firstly, i would like to thank you for sharing this great system with the other fellow traders so patiently, i think if you understand it, it becomes a real GOLD MINE!
Secondly, would you please upload the latest TP, which you use and has the D1 borders too, i downloaded the file from the post 1 and it is slightly different with your recent pics.

Really, i thank you again and hope to be useful in this thread.
Thank you for bringing this up. I will be bringing up to date post 1 over the weekend. There have been several advancements and subtle changes made to the system which are not reflected on post 1.
Observation is the path to discovery.
  • #12,152
  • Jul 27, 2012 4:09am Jul 27, 2012 4:09am
Quoting Fishcoo
Hi Al

How can i see the H1 H4 D1 TMA on the H1 chart at the same time ?

From the Packet.zip (423.8 KB, 10714 views) on the first page , i only hava H1 H4 TMA on the H1 chart

Thanks for your help.

Best regards
I will update the packet, indicators and templates over the weekend.
Observation is the path to discovery.
  • #12,153
  • Jul 27, 2012 4:17am Jul 27, 2012 4:17am
Probably abusing your time, but certainly this will help me and others. Here I am posting 4 charts => AUD USD. You may tell me why my aussie is in recovery after shorting it 27/06

I learned that EU mistake was to enter short when it was on the wrong side TMA wise (H4 and D1) ...because H1 was fine.

Now even though everything was not aligned with the Aussie it certainly was not on the wrong side....should we only trade when EVERY TMA is aligned? should we put this on the first page if that's the case?

thanks

!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD-D1-260712.jpg Size: 191 KB
Click to Enlarge Name: AUDUSD-H4-260712.jpg Size: 68 KB
Click to Enlarge Name: AUDUSD-W1-260712.PNG Size: 108 KB
Click to Enlarge Name: AUDUSD-H1-260712.jpg Size: 234 KB
  • #12,154
  • Jul 27, 2012 4:18am Jul 27, 2012 4:18am
Quoting Alorente
Thank you for bringing this up. I will be bringing up to date post 1 over the weekend. There have been several advancements and subtle changes made to the system which are not reflected on post 1.
Thanks Al,
I am reading this, for two days now.
Continuing reading your beautiful system and waiting for the weekend.
  • #12,155
  • Jul 27, 2012 4:45am Jul 27, 2012 4:45am
Quoting thewriter30
Probably abusing your time, but certainly this will help me and others. Here I am posting 4 charts => AUD USD. You may tell me why my aussie is in recovery after shorting it 27/06

I learned that EU mistake was to enter short when it was on the wrong side TMA wise (H4 and D1) ...because H1 was fine.

Now even though everything was not aligned with the Aussie it certainly was not on the wrong side....should we only trade when EVERY TMA is aligned? should we put this on the first page if that's the case?

thanks

!!!
Look at the attached chart. In your entry, H1 is at the bottom band of H4 and H4 is rising and not yet close to the top band of D1. In the correct entry. Price is near the top bands of H1, H4 and D1 AND H1 is beginning to turn down. Patience till all the stars are lined up is critical.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 47 KB
Observation is the path to discovery.
  • #12,156
  • Jul 27, 2012 5:28am Jul 27, 2012 5:28am
Thanks for that Al. i am analysing all the graphs again using your example. I believe you don't really wait for everything to align do you? I mean with enough experience you don't have to right? just curious
  • #12,157
  • Jul 27, 2012 5:32am Jul 27, 2012 5:32am

The Ramy Report


Fundamentals :

- Dollar Trades Near 2-Week Low Versus Euro Before U.S. GDP Report
- ECB Chief Vows to Do 'Whatever It Takes'Carry-Trade Investors Caught Out by Euro Crisis Paradox
- FOREX-Euro takes breather after Draghi sparks short-covering
- GLOBAL MARKETS-Shares, euro rise on ECB action hopes, Bunds dip
- Euro takes heart from Draghi comments
- Dollar, Top Currencies to Judge US GDP Data in Terms of QE3 Outlook
- Markets Stay Quiet Between Draghi’s Comments and US 2Q GDP
- Draghi comments continue to push Spanish yields lower
-"Housing will continue to recover gradually throughout the year …"
- Yelena Shulyatyeva, economist at BNP Paribas

Technicals :

EUR/USD to confront 1.2386/1.2474
Neither 1.2187 nor 1.2236/62 managed to halt the currency pair and thus exposed a subsequent key area at 1.2386/1.2474. The latter resistance is highly unlikely to be violated, given that it is a confluence of several resistances, including 55 day SMA and monthly S1. Accordingly, our favoured scenario is a rebound from this zone and revitalisation of bearish activity.

GBP/USD is capped by 1.5715/27
Yesterday the Cable effortlessly pierced through several resistances, but faltered ahead of the major area at 1.5715/27, which has again proved to be impenetrable. Above it lie levels at 1.5765 and 1.5841, though they seem to be safe for now. An interim support at 1.5620 may be soon tested as a result of a likely pullback following a sharp rally.

USD/JPY returns to 78.16/08
Robust advancement of USD/JPY was not carried into the next day. Consequently, the pair continues to gravitate towards 78.16/08, which now has an increased possibility of being eroded. Additional support may be found at 77.85/82, followed by 77.66. Resistances, on the other hand, are situated at 78.68 and 78.92/98 and are viewed as able to contain the price in case rallies do appear.

USD/CHF closed below 0.9813/0.9795
USD/CHF has plunged below 0.9813/0.9795 and may even extend the dip to 0.9717/0.9680, behaviour after encounter with which is likely to determine whether the pair will preserve the bullish outlook or change it to the bearish one. A close below 0.9717/0.9680 would imply intention of the price to aim for 0.9352/42 in the long-term, while a simple test would reassure us of subsequent recovery.

Daily Calendar : -For Upcoming important economic announcements see the FF calendar.
-US GDP is the Main Risk Event today.

Daily Trading Wisdom : -
"I absolutely believe that price movement patterns are being repeated; they are recurring patterns that appear over and over. This is because the stocks were being driven by humans- and human nature never changes"
Jesse Livermore

Daily Trading Cartoons : - Euro Zone .

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)
  • #12,158
  • Jul 27, 2012 5:49am Jul 27, 2012 5:49am
This is what I'm seeing on my Scanner today.
Attached Image (click to enlarge)
Click to Enlarge Name: daily scanner and trade finder.jpg Size: 173 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,159
  • Jul 27, 2012 6:36am Jul 27, 2012 6:36am
Dear Alorente,
I dont know but ı want to ask one thing somebady is add to TMA TRU indicator do we use this indicator insidead extreme tma ind? is better or bad? Could you please inform us?
Best Regards.
Bülent
  • #12,160
  • Jul 27, 2012 7:16am Jul 27, 2012 7:16am
I've made some minor upgrades to FastTMALine.

 

  1. Fixed a bug which prevented the plotting of very long TF lines (e.g. W1 or D1) on the shorter TF charts.
  2. TMA from shorter TFs cannot be plotted on longer TF charts. The earlier versions dealt with this by changing the indicator TF that the user set to the TF of the chart if it was higher, which can be misleading. This version will simply not plot if the chart TF is higher than the indicator TF.
  3. Hover text was added. If you hover the cursor over a TMA line, the pop-up text will tell you which TF it is plotting and whether it is the lower or upper line.

Attached File(s)
File Type: mq4 FastTMALine.mq4   10 KB | 956 downloads
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