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Extreme TMA System

  • #12,241
  • Jul 30, 2012 12:03pm Jul 30, 2012 12:03pm
Did anyone make any money today? If so, I am curious as to how and what setup. Seems today has been about continued travel outside the bands...
  • #12,242
  • Jul 30, 2012 12:35pm Jul 30, 2012 12:35pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Alorente
Another nice way to enter the trade is on break of the RSI trendline (Yellow at bottom on chart attached). Once all 4 Slope values are correct, enter when the RSI breaks the trendline. Right now H1 slope is 0.43 so it is very close to 0.40. All other slope values are correct. As you can see, the RSI trendline is close to breaking. By waiting for everything to line up, you avoid the typical mistake of entering too early and suffering from gastritis from a large drawdown.
Still Holding probably saved a lot of people on $L.

Attached Image (click to enlarge)
Click to Enlarge Name: RSI_EXAMPLE.png Size: 93 KB
Of all the things I've lost I miss my mind the most .
  • #12,243
  • Jul 30, 2012 12:43pm Jul 30, 2012 12:43pm
Quoting Mr C
Still Holding probably saved a lot of people on $L.

Attachment
I entered short AudUsd at 1.0503 and UsdCad at 1.0016.

Both have all the TMAs ranging now and there are plenty of divergences on both RSI and Trix.
Observation is the path to discovery.
  • #12,244
  • Jul 30, 2012 12:47pm Jul 30, 2012 12:47pm
Thx, looking good, Al.
Any interest in usdjpy yet? It also looks ripe.
  • #12,245
  • Jul 30, 2012 12:51pm Jul 30, 2012 12:51pm
Quoting Harry89
Thx, looking good, Al.
Any interest in usdjpy yet? It also looks ripe.
Yes. Iīve been steadily accumulating it, even though it could go a bit lower. I donīt want to miss a probable Ministry of Finance intervention for a quick 300 to 400 pips in one night.
Observation is the path to discovery.
  • #12,246
  • Jul 30, 2012 12:53pm Jul 30, 2012 12:53pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Alorente
I entered short AudUsd at 1.0503 and UsdCad at 1.0016.

Both have all the TMAs ranging now and there are plenty of divergences on both RSI and Trix.
Just catching up with the thread I was away on family matters, I have the old settings and I am not ranging yet, I will go over first post and try the new settings & Template.
Thanks, PC
Of all the things I've lost I miss my mind the most .
  • #12,247
  • Edited 2:18pm Jul 30, 2012 1:19pm | Edited 2:18pm
Quoting Alorente
I entered short AudUsd at 1.0503 and UsdCad at 1.0016.

Both have all the TMAs ranging now and there are plenty of divergences on both RSI and Trix.
Is it short or long for USDCAD?
************************* Knowledge is an endless research
  • #12,248
  • Jul 30, 2012 1:25pm Jul 30, 2012 1:25pm
Hello Al,
where is your W1 tma? my W1 tma lower line on eu H1 tf is near the H4 tma upper line (just above it), is it right?

Thanks
  • #12,249
  • Jul 30, 2012 1:25pm Jul 30, 2012 1:25pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Alorente
I entered short AudUsd at 1.0503 and UsdCad at 1.0016.

Both have all the TMAs ranging now and there are plenty of divergences on both RSI and Trix.
Just curious, how important are round numbers to your style of trading.
PC,
Of all the things I've lost I miss my mind the most .
  • #12,250
  • Jul 30, 2012 2:12pm Jul 30, 2012 2:12pm
Quoting Alorente
I entered short AudUsd at 1.0503 and UsdCad at 1.0016.

Both have all the TMAs ranging now and there are plenty of divergences on both RSI and Trix.
Short or long on UsdCad? I have the TMA's 15M, 1H, 4H, and D1 all coinciding at the bottom band indicating a long.

Thanks.

Best regards.
  • #12,251
  • Jul 30, 2012 2:13pm Jul 30, 2012 2:13pm
Long UsdCad
  • #12,252
  • Jul 30, 2012 2:35pm Jul 30, 2012 2:35pm
Quoting Alorente
Yes. Iīve been steadily accumulating it, even though it could go a bit lower. I donīt want to miss a probable Ministry of Finance intervention for a quick 300 to 400 pips in one night.
Dear Al,
What's your point of view about NZD/USD ?
Is not it better than Aussie to short?
  • #12,253
  • Jul 30, 2012 3:05pm Jul 30, 2012 3:05pm
Al, my AU daily TMA is indicating 0.42 and not less than 0.40. Also my UC hourly TMA indicator is reading -0.41. Is there some flexibility in the rules or are the entry parameters a hard limit. Thx
  • #12,254
  • Jul 30, 2012 3:49pm Jul 30, 2012 3:49pm
Quoting Alorente
Short as soon as M15, H1, H4 TMAs slope values are 0.40 or below. It is very close now.
hi al welcome back. base on the new rules if you are trading higher tf ex h1 do you still need m15 to line up or you would look to h1, h4, d1, and weekly
  • #12,255
  • Jul 30, 2012 6:24pm Jul 30, 2012 6:24pm
Quoting Hendal
Al, my AU daily TMA is indicating 0.42 and not less than 0.40. Also my UC hourly TMA indicator is reading -0.41. Is there some flexibility in the rules or are the entry parameters a hard limit. Thx
The same to you.AUDUSD D1 TMA slope is 0.5 and USDCAD H1 TMA is -0.45 .It is not the time to trade according to Al’s new System.
I was confused now and who can help me ?

Thanks.
  • #12,256
  • Jul 30, 2012 8:20pm Jul 30, 2012 8:20pm
Hi guys,

Welcome back Al, congratuations on the nuptuals.

Wondering if anyone knows how to change the slope indi to read only the H1 tf.
I have been sucessfully manual trading (demo) the M1and M5 tf for alot of currencies.
I also like Al and others here use the highgher tf to confirm trend direction.

I would like to place the slope indi which only reads H1 under my M1 and M5 slope indis.
Mostly to save switching back and forth.

I had an ea made to trade the whole tma system but am having a few problems with it.
It has a bug where it trades the tma lines perfect but it reads the H1 slope and not the appropriate tf slope indi.
It works perfect when ranging, but comes a bit unstuck with high slopes.

Also I am currently testing an ea that trades only the tma slope indi.
I made it with Noprogra EA Builder.
So far so good.
Buys work perfect but I cant get it to trade Sells yet.
Noprogra wont let me put in the parameter of a negative decimal constant.
All tests for this ea are being done on M15,M30 and H1 tfs.
To avoid much of the repainting issues of the indi.
I tried the NRP version but the trades are signaled too late and any profit is eaten up by the spread.

Will keep yous posted on the progress.
  • #12,257
  • Jul 30, 2012 11:00pm Jul 30, 2012 11:00pm
Al!

Thanks for all your in depth answers. I followed the AUDUSD but had to go to bed. I see you entered at 5.43 my time this morning. But at least now the AUD seems very strong with slopes of .6 and .8....

Another quick one. So if we add the W1 graph/tma in order to trade H1, then i of course I need the PA to cross W1 as well...I would have thought for PA to cross W1 top band would take a long time/../ but of course what do I know...
  • #12,258
  • Jul 30, 2012 11:40pm Jul 30, 2012 11:40pm
Quoting Tess1
Is it short or long for USDCAD?
Long on UsdCad.
Observation is the path to discovery.
  • #12,259
  • Jul 30, 2012 11:42pm Jul 30, 2012 11:42pm
Quoting Mr C
Just curious, how important are round numbers to your style of trading.
PC,
Just another normal support/resistance level.
Observation is the path to discovery.
  • #12,260
  • Jul 30, 2012 11:43pm Jul 30, 2012 11:43pm
Quoting Mini Trader
Dear Al,
What's your point of view about NZD/USD ?
Is not it better than Aussie to short?
I feel they are both about the same.
Observation is the path to discovery.
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