Attachments: Extreme TMA System

Extreme TMA System

#13,261
Oct 10, 2012 3:55am Oct 10, 2012 3:55am

bassramy
Joined Apr 2011 | Status: Cut Your Losses, Ride Your Winners. | 2,914 Posts

Quoting tp0440

Disliked

Hi Bass.

1. I'm working hard not to have any biass at all. As you described trading process is the only way to go.
2. All I'm saying is, downtrend is still young and will likely be hurt from bounces. D1 formed great bearish signal in last 2-3 days, but h1 is forming resistance.
3. My idea is - PA to lead the way. It seems, we could have a bounce up before the crash. Based on analysis, we could see 1,30 or more, than about 600-700 pips down. But I'm not claiming this will happen. My analysis shows that, so that's eventual trading scenario....

Ignored

Agree 100 % if not 150 %.

Master Your Setup, Master Your self. (NQoos)

#13,262
Oct 10, 2012 4:03am Oct 10, 2012 4:03am

bassramy
Joined Apr 2011 | Status: Cut Your Losses, Ride Your Winners. | 2,914 Posts

Important to Know :

1 - UJ Forming Symmetrical Triangle.

2 - Gold Broke the up weekly trendline.

3 - USDX Tested yesterday the down weekly trendline from below but couldn't break it, he is trying to do so today .

Attached Image(s) (click to enlarge)

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Name: USDJPY Symetriacle Triangle.jpg
Size: 58 KB

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Name: FXCM_USDX.jpg
Size: 62 KB

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Name: Gold Broke Trendline.jpg
Size: 52 KB

Master Your Setup, Master Your self. (NQoos)

#13,263
Oct 10, 2012 4:15am Oct 10, 2012 4:15am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

B.R.,

You know that direction bias is completely relative to the timeframe being examined. When I look at the biggest charts (MN and W1), I see the direction UP. When I see the D1, I see the direction DOWN. However, we also know the market action is not a straight line move from point A to point B, but the travel is in steps, up-and-down with a BIAS in one direction, when viewed from a bit smaller chart.

So, even though D1's direction is down, if I look at a smaller chart, such as H1, I expect that it will have a main bias in the same down direction as D1, but that it will ALSO make a rally (probably more than one), which temporarily puts it into an up bias. If the rally is rather weak, it will be hardly perceptible on the D1. But if you check the M15 during the rally on H1, won't the BIAS on M15 be UP, matching the temporary bias on the H1? This perfectly fits with TP's long bias on EU. But really, it is not TP's bias, it is the knowledge that the market will, at some pint, make a rally to the D1.

He is doing exactly what you said, "I my friend don't have any bias whatsoever , i trade what i see on my charts..." He is just anticipating the rally that WILL come on H1, similar to your anticipation of the drop that would come when price went over the top TMA band. Did it drop immediately and make a plunge of a few thousand pips, or did it rally, reverse, rally, reverse a few times before it finally collapsed?

So there is the conundrum: stick with the BIAS of the D1 for ALL the trades, or use whichever bias an intermediate sized chart has to place trades on even smaller charts?

By the way, I am also lookign for H1 to make an up move, because the H4 needs to make a rally to the D1 so the down move can have a higher point from which to continue the fall.

DrDave

Quoting bassramy

Disliked

Tp,

Thank you for your comments, judging from your posts obviously we can see that you have a long bias on EU and you are totally entitled to.

I my friend don't have any bias whatsoever , i trade what i see on my charts and permit me to tell you that yes this is a good point to cover our short @ the bottom of the H4 band ( the down move isn't over yet but the lower H4 band is a good place to cover your short ) if we believe in this system and what it stands for which is ATR ranges.

2 things can happen to me now , i can cover my shorts now...

Ignored

To free Gazans of Hamas, use whatever it takes.

#13,264
Oct 10, 2012 4:16am Oct 10, 2012 4:16am

kissshore
| Joined Jun 2012 | Status: Trader | 8 Posts

Quoting bassramy

Disliked

Tp,

Thank you for your comments, judging from your posts obviously we can see that you have a long bias on EU and you are totally entitled to.

I my friend don't have any bias whatsoever , i trade what i see on my charts and permit me to tell you that yes this is a good point to cover our short @ the bottom of the H4 band ( the down move isn't over yet but the lower H4 band is a good place to cover your short ) if we believe in this system and what it stands for which is ATR ranges.

2 things can happen to me now , i can cover my shorts now...

Ignored

Hi,

In the above chart I noticed that you are using THV4 Trix, may I know the settings, please and does that indicator repaints heavily..!

#13,265
Oct 10, 2012 4:17am Oct 10, 2012 4:17am

pzd3mir
| Joined Dec 2011 | Status: Trader | 6 Posts

The Slope Values Indicator is somehow squashed... is there a solution to this?

I allready tried to change the font, but it didnt do any good

Picture Link here

#13,266
Oct 10, 2012 4:21am Oct 10, 2012 4:21am

Iggo
| Joined Oct 2012 | Status: Trader | 50 Posts

Good morning
I´m a newbie and i think i don´t understand this system, specially rule 3 and 4.

"3- We will now wait for price to climb above the top band of the H4 and D1 TMAs at the same time, before placing a Short trade or below the bottom band of the H4 and D1 TMAs at the same time, before placing a Long trade."
If we are in 15min chart, we want the price crossing the band of 15M and 1H TMAs at the same time. Like here:

Attached Image (click to enlarge)

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Name: Untitled-1.jpg
Size: 118 KB

So i just found 4 entries in 15 days, Al says that we can find 10 or 15 entries per day (with 18 charts), that means that there are at least one entry in eurusd per day in average, no?
So can you give more samples of charts with entries?
I´m confused, need support, thank you very much

#13,267
Oct 10, 2012 4:22am Oct 10, 2012 4:22am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Thanks for the charts, B.R.

That triangle on UJ is also painting a nice bullish Wolfe wave, for you WW fans.

Quoting bassramy

Disliked

Important to Know :

1 - UJ Forming Symmetrical Triangle.

2 - Gold Broke the up weekly trendline.

3 - USDX Tested yesterday the down weekly trendline from below but couldn't break it, he is trying to do so today .

Ignored

To free Gazans of Hamas, use whatever it takes.

#13,268
Oct 10, 2012 5:00am Oct 10, 2012 5:00am

bassramy
Joined Apr 2011 | Status: Cut Your Losses, Ride Your Winners. | 2,914 Posts

Quoting DrDave

Disliked

B.R.,

You know that direction bias is completely relative to the timeframe being examined. When I look at the biggest charts (MN and W1), I see the direction UP. When I see the D1, I see the direction DOWN. However, we also know the market action is not a straight line move from point A to point B, but the travel is in steps, up-and-down with a BIAS in one direction, when viewed from a bit smaller chart.

So, even though D1's direction is down, if I look at a smaller chart, such as H1, I expect that it will have a main bias in the same down...

Ignored

DD,

I'm not talking about TF Trend bias we all know that Every TF have a trend bias from the smaller one to the Bigger one and it all contribute to the big picture, its no brainer, that's the way the Markets works.

Master Your Setup, Master Your self. (NQoos)

#13,269
Oct 10, 2012 5:52am Oct 10, 2012 5:52am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Perhaps you missed the part about the TMA indicator repainting, thereby making it impossible to scroll back on the M15 chart for 15 days of backtesting to find entries. The only way you can check the past is if you set up your screen recorder to make a movie for later examination.

So what is the problem with rules 3 and 4?? Rule 3 tells you that part of the sell criteria is that price must be above the top TMA band on both H4 and D1 charts. This indicates that price has gone unusually far away from where it "likes" to be, so it will not spend much time so far away before it heads back towards the middle of the TMA band.

Lay a rubber band onto peice of paper and draw a circle around it's circumference. Now hold it in one place and stretch it and hold it stretched. This stretched postion is like price above the TMA top band. You can feel how the rubber band is trying to pull back. While still holding the rubber band at the startig point, release the other side. When the rubber band returned, did it just return exactly to where it started and instantly lay in the circle again, or did it snap all the way back to your other finger with some force, and after that relax back to a circle? If you had a high speed camera, you would see the band hit your finger and continue on PAST your finger before relaxing back. Price does the same thing: goes far away to the upper band, tries to relax back to the midline but has so much energy that it overshoots, and can even end up at the opposite band.

Quoting Iggo

Disliked

Good morning
I´m a newbie and i think i don´t understand this system, specially rule 3 and 4.

"3- We will now wait for price to climb above the top band of the H4 and D1 TMAs at the same time, before placing a Short trade or below the bottom band of the H4 and D1 TMAs at the same time, before placing a Long trade."
If we are in 15min chart, we want the price crossing the band of 15M and 1H TMAs at the same time. Like here:
Attachment
So i just found 4 entries in 15 days, Al says that we can find 10 or 15 entries per day...

Ignored

To free Gazans of Hamas, use whatever it takes.

#13,270
Oct 10, 2012 6:25am Oct 10, 2012 6:25am

Iggo
| Joined Oct 2012 | Status: Trader | 50 Posts

Thank you DrDave for wasting time with a newbie.

I understand that the backtest it´s not perfect because of the repainting indicators. I liked the example of the rubber band because it´s easy to understand the idea of the tmas.

Anyway, i can´t find valid entries in live trading. I´ve seen charts during 20 days. Probably my criteria is wrong, i´m sure you can find a lot of good entries following this system.
In 15m charts with 15M TMA, i think it´s rare to see this TMA crosses the H1 TMA band (rule 3), and even more rare that at the same time the H1 and H4 TMAs slopes range (rule 1).

If you see good entries with this ETMA in any pair, can you show me where? and why? (Now i´m long in EURGBP, but it does´t fit exactly with the rules)
Thank you very much

Quoting DrDave

Disliked

Perhaps you missed the part about the TMA indicator repainting, thereby making it impossible to scroll back on the M15 chart for 15 days of backtesting to find entries. The only way you can check the past is if you set up your screen recorder to make a movie for later examination.

So what is the problem with rules 3 and 4?? Rule 3 tells you that part of the sell criteria is that price must be above the top TMA band on both H4 and D1 charts. This indicates that price has gone unusually far away from where it "likes" to be, so it will not...

Ignored

#13,271
Oct 10, 2012 8:01am Oct 10, 2012 8:01am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Iggo,

Did you look at the charts that bassramy posted? It is irrelevant what the actual time frame is. The important part is meeting the entry rules for that time frame. The rules are essentially the same with just the timeframe values adjusted.

I don not have good charts to use as examples because I am not a zealot with this method; I don't usually even have the repainting TMA displayed. I use the TMA true indicator. Also, I don't make entries based solely on valid entry criteria being met. I require proof that a chart has turned before entering. That is my proprietary method for now, but I have posted some of the information with the explanations about the 1-2-3 cycles, which chart is next in line to make a turn, etc. Even with the proof, I make a much more conservative entry than Al or Bassramy. They don't seem to mind too much sitting through some drawdown when price waffles on the outer TMA band, or price even goes heavily against them. But that is not for me.

I also don't trade for a living. I am usually too busy with a JOB to spend any time at the charts. I just happen to have had some free time the past couple of weeks and used some to catch up here. I may disappear from the thread for weeks or months at a time.

DrDave

Quoting Iggo

Disliked

Thank you DrDave for wasting time with a newbie.

I understand that the backtest it´s not perfect because of the repainting indicators. I liked the example of the rubber band because it´s easy to understand the idea of the tmas.

Anyway, i can´t find valid entries in live trading. I´ve seen charts during 20 days. Probably my criteria is wrong, i´m sure you can find a lot of good entries following this system.
In 15m charts with 15M TMA, i think it´s rare to see this TMA crosses the H1 TMA band (rule 3), and even more rare that at the same time...

Ignored

To free Gazans of Hamas, use whatever it takes.

#13,272
Edited 9:46am Oct 10, 2012 9:32am | Edited 9:46am

bassramy
Joined Apr 2011 | Status: Cut Your Losses, Ride Your Winners. | 2,914 Posts

Quoting kissshore

Disliked

Hi,

In the above chart I noticed that you are using THV4 Trix, may I know the settings, please and does that indicator repaints heavily..!

Ignored

The Trix doesn't repaint and the settings are the same as the templates in the first Page.

Master Your Setup, Master Your self. (NQoos)

#13,273
Oct 10, 2012 9:38am Oct 10, 2012 9:38am

Iggo
| Joined Oct 2012 | Status: Trader | 50 Posts

Quoting DrDave

Disliked

Iggo,

Did you look at the charts that bassramy posted? It is irrelevant what the actual time frame is. The important part is meeting the entry rules for that time frame. The rules are essentially the same with just the timeframe values adjusted.

I don not have good charts to use as examples because I am not a zealot with this method; I don't usually even have the repainting TMA displayed. I use the TMA true indicator. Also, I don't make entries based solely on valid entry criteria being met. I require proof that a chart has turned before...

Ignored

Thank you very much DrDave for your replies, good luck with your system

#13,274
Oct 10, 2012 10:09am Oct 10, 2012 10:09am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Thanks Iggo. I am back-and-forth to the computer so can't concentrate fully on finding trade setups. But yesterday, 2 shorts on EURUSD for 10 and 35 pips. Today 1 long AUDUSD for 10 pips. I typically stick with EURUSD, but I was doing some consulting with someone that was looking at the AU and a trade came up, so I took it. So I think I am doing OK for now.

Quoting Iggo

Disliked

Thank you very much DrDave for your replies, good luck with your system

Ignored

To free Gazans of Hamas, use whatever it takes.

#13,275
Oct 11, 2012 1:20am Oct 11, 2012 1:20am

odellcash
| Joined Feb 2012 | Status: Trader | 66 Posts

Quoting bassramy

Disliked

Here you go.

Ignored

Bassramy,

I've been swamped with work and I finally updated my charts with the 56 period TMASlopeMTF you posted here

http://www.forexfactory.com/showthre...32#post6060532

But, it still is showing the 20 period slopes.

I have 2 identical charts open and confirmed this using an indicator that I can manually change the slope period on.

Maybe I'm screwing something up, any chance you can look at the file you uploaded and see if maybe it was the wrong one?

#13,276
Oct 11, 2012 2:51am Oct 11, 2012 2:51am

bassramy
Joined Apr 2011 | Status: Cut Your Losses, Ride Your Winners. | 2,914 Posts

Guys good morning,we are @ the London session open and we have some good trades, so if you have been short on EU, GU, GJ i think that this is a good time to Cover.

Regards,
B.R.

Attached Image(s) (click to enlarge)