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Extreme TMA System

  • #12,881
  • Sep 7, 2012 2:12am Sep 7, 2012 2:12am
Quoting codeman
i try to modifiy it to what makes me feel more confortable.
Exactly. You will modify and tweak it until it no longer works like the original "proven/tested" system. It becomes ineffective.
No longer trading forex. Looking for full time job.
  • #12,882
  • Edited 4:21am Sep 7, 2012 2:17am | Edited 4:21am
Quoting codeman
Good Morning!

I try to get a clue on this System, but for days now, its look like that i get none.

I'am realy appriciated if somebody maybe Al can explain it a little for newbies or at least answering my questions?

First Question: it looks for me, that nobody is used the Original Template that Al has posted to Page one anymore? The most Charts i watched in the Thread do not use it or has at least one other Indicator loaded. e.g. Trix

Is the Template Still valid?

My second Question is TimeFrame Realated.

As Al described the...
1st quest.

Start with the main template on the 1st page, this is the one that everybody use and start with, and don't forget to follow the rules to the letter , this is a long tested system that proved it self a winner, only after that you become a constant winner using this system, try to change it to your liking.

2nd quest.

AL advice is to use the troika H4 - D1 - W1 but not all the members have AL's patience to trade these 3 TF, newbies can go down in TF to M15 max if they need the action, even thought this is counter productive, there is a reason why we use a higher TF but this is another story, Newbies need to have more trades to sharpen there skills and get familiar with the system, however 1 condition applies is that you keep the Troika to analyse and the lesser TF to enter a trade.

3rd, i will try and post some charts, it seems like AL is busy these days, and i'm sure he don't mind.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,883
  • Sep 7, 2012 5:47am Sep 7, 2012 5:47am
good morning

alorente

you have a manual for this system in Spanish?
my English is very bad

thanks
  • #12,884
  • Edited 6:30am Sep 7, 2012 5:50am | Edited 6:30am
Heads up for the first correction lower of the AU, NU from the newly established up trend, EU and GU touched the D1 56 period 2.5 ATR upper band.
Let's see if it respect his range or not in the mid of this market bull sentiment, despite way better than forecasted numbers from the UK.

And the new template for those who asked ( AU ).
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 37 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,885
  • Sep 7, 2012 6:31am Sep 7, 2012 6:31am
Quoting bassramy
Heads up for the first correction lower of the AU, NU from the newly established up trend, EU and GU touched the D1 56 period 2.5 ATR upper band.
Let's see if it respect his range or not in the mid of this market bull sentiment, despite way better than forecasted numbers from the UK.

And the new template for those who asked.
What is the implication of this for AU & NU? Does it mean that they will retrace and go up finally or what? In your opinion, do you think the %6 period is more reliable?
************************* Knowledge is an endless research
  • #12,886
  • Sep 7, 2012 6:36am Sep 7, 2012 6:36am
The Chinese government announced a ¥1 trillion yuan infrastructure/stimulus package overnight, providing support for AUD- and NZD-crosses.
  • #12,887
  • Sep 7, 2012 7:32am Sep 7, 2012 7:32am
Quoting Tess1
What is the implication of this for AU & NU? Does it mean that they will retrace and go up finally or what? In your opinion, do you think the %6 period is more reliable?
Meaning a minor correction to the lower H4 band or a retest of the broken resistance will be in place before these 2 pairs continue their way up with the trend, in Elliot wave language this is the 3 Wave Minor Correction of the finished major 5 waves down trend, before establishing a new 5 waves up trend.
Master Your Setup, Master Your self. (NQoos)
  • #12,888
  • Sep 7, 2012 7:33am Sep 7, 2012 7:33am
US DATA: Aug employment report was mixed, with payrolls +96k but unemply
rate -0.2 to 8.1% (labor force and participation dipped). AHE -1c to +1%
YOY and hours rose. Jun-Jul payrolls rev -41k on net. Aug payroll
composition: mfg -15k (auto -7.5k, fewer recalls after fewer layoffs
than usual), construction +1k, retail +6.1k, temp -4.9k, healthcare
+21.7k, govt -7k (state & local continued drop), utilities +8.8k as
strike settled. Bottom line: not a bad report but no ball of fire.
Details: Payrolls/Prior Pv AHE,yoy Agg Hrs Civ Unempl Rt/Unrnd
Aug +96k ---- +1.012% 103.6 8.1% (8.1115%)
Jul +141k +163k ----- 103.5 8.3% (8.2535%)
Jun +45k +64k ----- 103.4 8.2% (8.2165%)
Master Your Setup, Master Your self. (NQoos)
  • #12,889
  • Sep 7, 2012 7:37am Sep 7, 2012 7:37am
Quoting bassramy
Meaning a minor correction to the lower H4 band or a retest of the broken resistance will be in place before these 2 pairs continue their way up with the trend, in Elliot wave language this is the 3 Wave Minor Correction of the finished major 5 waves down trend, before establishing a new 5 waves up trend.
So, in Your opinion, we will not reach parity on Aud/Usd soon?
  • #12,890
  • Sep 7, 2012 7:38am Sep 7, 2012 7:38am
Quoting Skip2k
The Chinese government announced a ¥1 trillion yuan infrastructure/stimulus package overnight, providing support for AUD- and NZD-crosses.
Already priced in today.
Master Your Setup, Master Your self. (NQoos)
  • #12,891
  • Sep 7, 2012 7:48am Sep 7, 2012 7:48am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Bassramy,

As you are filling in at the moment, do you mind answering my question posted a couple days ago re: trade frequency? That is to say on the H4 time frame what is a typical number of valid trades over a given time frame (weekly or monthly etc...) My guess so far is around 1-2 really nice set ups per pair, per week?

Am i close?

Thank you,

Jon
  • #12,892
  • Sep 7, 2012 7:49am Sep 7, 2012 7:49am
Quoting Nes
So, in Your opinion, we will not reach parity on Aud/Usd soon?
I'm not a speculator so i don't know, what i do know is a correction to the lower 2.5 , 56 D1 band is due and this is a great time to get in, i can already see a bearish divergence on the Trix and the bad NFP numbers that just been released will give the pair now a push higher but a correction lower is inevitable, if we believe in the elasticity of PA.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,893
  • Sep 7, 2012 7:57am Sep 7, 2012 7:57am
Quoting Jep
Bassramy,

As you are filling in at the moment, do you mind answering my question posted a couple days ago re: trade frequency? That is to say on the H4 time frame what is a typical number of valid trades over a given time frame (weekly or monthly etc...) My guess so far is around 1-2 really nice set ups per pair, per week?

Am i close?

Thank you,

Jon
Depends on volatility, in high volatility times maybe more and vice versa, i tend to have 1 - 2 trades by pair and by week on the H1 TF ( 56 period and 2.5 ATR ) with my trading strategy and plan.
Master Your Setup, Master Your self. (NQoos)
  • #12,894
  • Sep 7, 2012 8:17am Sep 7, 2012 8:17am
Now China announces a major stimulus programme – another risk on signal

The NFP number was released at 8:30 am. At 8:40 am Goldman Sachs' Jan Hatzius hit "send" on a 356-word email to clients which was checked, vetted, and given the sign off by compliance, in which the Goldman head economist read through the NFP data, and concluded that "Probability of QE3 Next Week Now Above 50%." Curious why the risk assets first dropped then soared as if stung? Because today, once again, good is great, but worse is greater. Let the global liquidity tsunami continue!

From Goldman:

BOTTOM LINE: With today’s August employment report showing a nonfarm payroll gain of 96,000 and an unemployment rate of 8.1% because of a drop in the participation rate, we expect a return to unsterilized and probably open-ended asset purchases at the September 12-13 FOMC meeting.

Here is my AU Chart, still early to short but i will watch that PAIR closely next week.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 160 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,895
  • Sep 7, 2012 8:26am Sep 7, 2012 8:26am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Thank you for answering my question Bassramy.

Re your observation about shorting AU: Technically as per the rules on page 1 (trading H1) you would wait for a cross back below upper H1 TMA band and H1, H4, D1 slope to all be under 40. Correct?

I ask just to confirm my understanding. Of course how you trade is certainly up to you.

Jon
  • #12,896
  • Sep 7, 2012 8:30am Sep 7, 2012 8:30am
Quoting Jep
Thank you for answering my question Bassramy.

Re your observation about shorting AU: Technically as per the rules on page 1 (trading H1) you would wait for a cross back below upper H1 TMA band and H1, H4, D1 slope to all be under 40. Correct?

I ask just to confirm my understanding. Of course how you trade is certainly up to you.

Jon
Stick by the rules on page 1, how we trade is up to any one of us but i don't recommend having a personal style until we become fluent with the main system.
Master Your Setup, Master Your self. (NQoos)
  • #12,897
  • Sep 7, 2012 8:34am Sep 7, 2012 8:34am
Quoting bassramy
Depends on volatility, in high volatility times maybe more and vice versa, i tend to have 1 - 2 trades by pair and by week on the H1 TF ( 56 period and 2.5 ATR ) with my trading strategy and plan.
Bassramy, is the 56 period more reliable than the 20 period? Or what is your opinion on the two?
************************* Knowledge is an endless research
  • #12,898
  • Sep 7, 2012 8:53am Sep 7, 2012 8:53am
Quoting Tess1
Bassramy, is the 56 period more reliable than the 20 period? Or what is yyour opinion on the two?
To tell you the truth, i didn't trade the 56 by chance or because AL said so, i made a long and deep research on various settings of periods, ATR, TF's and other bands than TMA.
The final result was adopting AL's settings with some tweaks, i started with the M15 and i had a 73.6 % Winning Rate in 3 Months with a 3/1 average win/loss,the real breakthrough came when i upgraded my TF to H1 my win Rate jumped to 92.8 % with 4/1 average win/loss.

My personal preference is the 56 with 2.5 ATR , H1 TF, a small position size with scaling in from top of the D1 band with the trend to the bottom and vice versa.

Master Your Setup, Master Your self. (NQoos)
  • #12,899
  • Sep 7, 2012 9:21am Sep 7, 2012 9:21am
Hi Everyone,

So many changes to the system, the last one just few days ago...I am wondering the reasons for such changes (probably the system did not work well...) and whether there are people actually profiting from using it....

Mike
  • #12,900
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
Dear Bassramy,
Could you please give us to analize about eur /aud?
Thanks .
Best Regards.
Bülent
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