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Extreme TMA System

  • #12,461
  • Aug 14, 2012 2:50am Aug 14, 2012 2:50am
Quoting undertaker66
wow! can u give me that template, please?
This is the normal Lorente large , add to it the daily scanner, search for it on the thread.
Master Your Setup, Master Your self. (NQoos)
  • #12,462
  • Aug 14, 2012 3:57am Aug 14, 2012 3:57am
Quoting Mr C
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Thanks a lot, buddy. This is the additional information I have been looking for. Very helpful.
Observation is the path to discovery.
  • #12,463
  • Aug 14, 2012 4:08am Aug 14, 2012 4:08am
Quoting chosen.bless
hi al. base on the new rules if i took a short trade when m15, h1, h4, is line up along with room for the trade on d1; it means i would not be able to make another short trade once pa leaves h4. i would only be able to make a long trade when pa goes below all 3 tmas ( which is a long trade). my point is trade is only applicable when all pa are beyond 3tma and since h4 tma takes an average of 5 days to reach the opposite band therefore we would have limited trades to enter on m15 or h1 if pa is not above or below h4 tma
Yes, that is true, but you can also trade in and out of M15 with the direction established by the rules. I do this many times. Instead of holding for the full run to H4 or D1 opposite band, once the rules are in place, I trade the M15 many times ONLY in the direction that the rules indicated originally. You can make more pips this way, by taking advantage of consolidation within the major move.
Observation is the path to discovery.
  • #12,464
  • Aug 14, 2012 4:12am Aug 14, 2012 4:12am
Quoting fedesch
Hi All, I have entered SHORT on AUDUSD and NZDUSD as well as LONG on USDCAD as per the new rules last week. I'm in negative territory with all of them at this stage. My question is has anybody else entered these trades and if so how patient will we have to be with them? I'm trying to learn, thanks in advance for your help and understanding.
Patience is the key here. We entered in accordance to the rules. We now wait till the TMA forces act by slinging price to the opposite bands. I see the D1 opposite band being a great target in these instances. I am still in those trades, as well as long UsdJpy. I´m a bit underwater, but I am confident that they will all break soon in our favor.
Observation is the path to discovery.
  • #12,465
  • Aug 14, 2012 4:32am Aug 14, 2012 4:32am
Quoting Trainman
Not me. I don't use TmaTrue. Feel free to do a diff between ExtremeTMALine and FastTMALine to find how it was changed to make it efficient and apply similar changes to TmaTrue.
I use your Fast TMA Indi now exclusively. It gives me basically the same information witout the processor load. It is a gem.
Observation is the path to discovery.
  • #12,466
  • Aug 14, 2012 4:33am Aug 14, 2012 4:33am
Quoting FocusedonFX
Good to see Al is back. Also great having you here Bassramy. Wishing much continued success to this thread.
I was away on vacation for a few days. I will be contributing more consistently now.
Observation is the path to discovery.
  • #12,467
  • Aug 14, 2012 4:37am Aug 14, 2012 4:37am
Quoting Zimarz
Hi bassramy

I am new to this thread..wish to ask few questions

The updated entry rules in post 1 quoted
"M15, H1 and H4 slope values must be [b]either Ranging or in the direction of your trade (Sell Only for shorts and Buy Only for longs). The D1 and W1 TMA slope values do not need to be check"

Should we refer to D1 slope values only if we trade using H1 TF or higher and ignore it if using M15 TF?
Yesterday AUDUSD declined almost 100pips but the D1 slope values still 0.46 (only Long) and other TF slope values was ranging
and only...
Yes. If using M15, then you should also use H1 and H4 for slope value and D1 to make sure you have enough pips left to the opposite band. If you don´t use M15, then use slope values of H1, H4 and D1 and make sure the W1 TMA still has room to the band.
Observation is the path to discovery.
  • #12,468
  • Aug 14, 2012 5:06am Aug 14, 2012 5:06am
Hi Al

I am studying the system.Accordance to the rules , am i right short on

GBPUSD ? Thank for your help.

Best Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 61 KB
  • #12,469
  • Aug 14, 2012 5:15am Aug 14, 2012 5:15am
I am not trying to add here anything just want to share what I am using along with TMA(I like this indicator a lot) I combined it with harmonic pattern and use it. So far it's treating me good specially I found an EA (commercial ofcourse ) that does everything for me of what I just said above.
I see that company has thread here too in forexfactory

Anyone interested can see there

http://www.forexfactory.com/showthread.php?t=378552
  • #12,470
  • Aug 14, 2012 5:17am Aug 14, 2012 5:17am
Quoting Fishcoo
Hi Al

I am studying the system.Accordance to the rules , am i right short on

GBPUSD ? Thank for your help.

Best Regards.
Yes. That looks like a good short.
Observation is the path to discovery.
  • #12,471
  • Aug 14, 2012 5:32am Aug 14, 2012 5:32am
Quoting hoichoi
I am not trying to add here anything just want to share what I am using along with TMA(I like this indicator a lot) I combined it with harmonic pattern and use it. So far it's treating me good specially I found an EA (commercial ofcourse ) that does everything for me of what I just said above.
I see that company has thread here too in forexfactory

Anyone interested can see there

http://www.forexfactory.com/showthread.php?t=378552
How do you use this EA with the TMA system? Can you describe the conditions you follow? Thanks.
Observation is the path to discovery.
  • #12,472
  • Aug 14, 2012 5:57am Aug 14, 2012 5:57am
Daily scanner, D1 slope strength and values for every pair .

Enjoy,
B.R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily slope strenght and values.jpg Size: 103 KB
Click to Enlarge Name: daily scanner and trade finder.jpg Size: 56 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,473
  • Aug 14, 2012 6:03am Aug 14, 2012 6:03am
And this is the H4 TF.
Attached Image (click to enlarge)
Click to Enlarge Name: h4 slope strenght and value pairs.jpg Size: 102 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,474
  • Aug 14, 2012 6:29am Aug 14, 2012 6:29am
Quoting bassramy
And this is the H4 TF.
Hi bassramy

Can you share the indicators . Thank you for your help.
Attached Image
  • #12,475
  • Aug 14, 2012 6:30am Aug 14, 2012 6:30am
Quoting Alorente
How do you use this EA with the TMA system? Can you describe the conditions you follow? Thanks.
Hi alorente
I will show you how I use it. You may have interest in this
Right now I am outside but I will put some screenshots

Cheers
  • #12,476
  • Aug 14, 2012 6:36am Aug 14, 2012 6:36am
Quoting Fishcoo
Hi bassramy

Can you share the indicators . Thank you for your help.
U can find it on the first page or search for it in the Indicators page its the
!Extreme TMA V33.
Master Your Setup, Master Your self. (NQoos)
  • #12,477
  • Edited 12:53pm Aug 14, 2012 10:28am | Edited 12:53pm
This an example of what I mentioned before. Good thing about this ea is it has settings for TMA along with harmonic pattern

Here is a screenshot

http://screencast.com/t/kkSQXyOojwrjhttp://content.screencast.com/users/...08-14_1653.png
  • #12,478
  • Edited 6:20pm Aug 14, 2012 6:04pm | Edited 6:20pm
if you like mix tma & harmonic i have one indi.
after copy this in expert/indicator then run it and select " Allow DLL import".
good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 46 KB
Attached File(s)
File Type: ex4 ElementalTrader v 2.ex4   312 KB | 873 downloads
  • #12,479
  • Aug 14, 2012 11:54pm Aug 14, 2012 11:54pm
Quoting Mr C
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Quoting Mr C
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Mr. C,
I was wondering whether it would be possible to make an indicator similar to yours that shows the distance from pivots and support and resistance levels in pips.
The mind thinks, the heart knows...
  • #12,480
  • Edited Aug 15, 2012 12:01am Aug 14, 2012 11:55pm | Edited Aug 15, 2012 12:01am
My dream Extreme TMA indicator would be one that can anticipate & sound/issue an alert when price:

1) is approaching the three TMAline bands (Rule 3)
2) fulfills the directional/ranging requirement (Rule 1)
3) fulfills the room-to-go requirement (Rule 2) (Mr. C's indi's)

and can issue a special alert when price is approaching a support/resistance/pivot level.


It wouldn't need to alert me to Rule 4 conditions because I should already be watching for trade entry conditions (for price to return to a lower/higher band) as well as watching to see if price is going to bounce off/penetrate an S/R/P level.

Is anyone up to trying program the dream TMA indi? Mr. C, Trainman, bassramy, ???
The mind thinks, the heart knows...
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