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Extreme TMA System

  • #13,881
  • Dec 15, 2012 5:47am Dec 15, 2012 5:47am
Quoting Cold_W
What period you use for this indi? 8 or 14?
14
Master Your Setup, Master Your self. (NQoos)
  • #13,882
  • Dec 16, 2012 12:43am Dec 16, 2012 12:43am
Dear Bassramy,

Do you plan to post weekly summary of the system for the upcoming week?
  • #13,883
  • Dec 16, 2012 4:33am Dec 16, 2012 4:33am
Quoting Cold_W
Dear Bassramy,

Do you plan to post weekly summary of the system for the upcoming week?
Sorry, Don't have the time to do this specially @ Christmas and new Year Period.
Master Your Setup, Master Your self. (NQoos)
  • #13,884
  • Dec 18, 2012 4:17am Dec 18, 2012 4:17am
Important to know :

The Euro just set a new 7-month high in today’s trading against the US Dollar on the back of successful sales of Greek and Spanish bills, lets see if it stays that way on the close.
Master Your Setup, Master Your self. (NQoos)
  • #13,885
  • Dec 18, 2012 4:21am Dec 18, 2012 4:21am
Hi Bassramy,

First of all thanks for helping us all the newbies and pros alike with this system. Al is a great teacher but the way you have lead this thread is impressive and deserve a round of applause

I have read the majority of the thread as it is such a long one, I expect it will take me some time to finish.

Meanwhile I had a few queries(scenarios) regarding this system which will clear a many of my doubts if addressed at this moment. And I am sure you will have the answers to them:
1. Often then not a short signal(H4 Slope <0.4) is received when price is hovering at the bottom of H4 TMA band with D1 TMA in ranging mode. Now according to the rules if D1 and W1 are ranging and we get a short signal in H4 then we can take it. But since the price is already near the bottom H4 band, it would be dangerous to do so, as a retrace to the central H4 TMA line is expected(rubber band theory). So my question is if such signal should be taken or should be left alone.

2. Another scenario would be when H4 upper and D1 upper bands overlap/intersect(and back again) and the price has now pierced the lower H4 band and is hovering somewhere near it. Now the D1/W1 TMA slope is in range, H4 is red(below0.4), is this setup valid to take on a short position.

3. Third scenario occurs after a strong bullish/bearish trend. Lets say that the PA is around the top band of all three D1, W1 and H4 TMA. And we are expecting a pullback or a consolidation or complete trend change in near future. Now what will be the signal that we should look out for in order to establish any of the one given above(pullback, consolidation or trend change). As I have observed that sometimes the H4 turns first and the other TMAs follow. On other occasions it is the D1 TMA which turns first with H4 and weekly following. And similarly it can be W1 as well.

Now in above scenarios the issue arises when one TMA turns back displaying a change of trend or previous trend discontinuation and then after a while you observe that no other TMA followed this TMA and the previous trend is still intact.

All these questions and confused me has resulted in a small financial loss which I expect soon to recover if I understand this system fully. As I know this is a profitable system and I totally trust it.

Thanks for the help in advance.

Regards,
Ravs
  • #13,886
  • Dec 18, 2012 4:47am Dec 18, 2012 4:47am
Quoting ravs_avs
Hi Bassramy,

First of all thanks for helping us all the newbies and pros alike with this system. Al is a great teacher but the way you have lead this thread is impressive and deserve a round of applause

I have read the majority of the thread as it is such a long one, I expect it will take me some time to finish.

Meanwhile I had a few queries(scenarios) regarding this system which will clear a many of my doubts if addressed at this moment. And I am sure you will have the answers to them:
1. Often then not a short signal(H4 Slope...
Like all pro traders we treat our trading as a business and like every business schedule we have a lunch hour, ours is flexible and depends on news and events at that specific time, we don't have any important news coming this Hour so I'm taking my lunch break now , i will get back to you with the Answers after lunch, bon appétit.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,887
  • Edited 7:11am Dec 18, 2012 5:57am | Edited 7:11am
1- We should always trade with the D1 or W1 Trend depends on the TF that your trading.

2 - Answering your 1st Q, when such D1 and W1 rules lines up we should wait until Price Retrace back up to @ least the Center line, and if you are a more aggressive trader, you should wait until the Price retrace back up to the H4 Higher Band, now waiting for such retracements to occur is not guarantee cause the Trend is already turned so i will recommend entering with small position and scale in every time the PA Retrace back to the upper H4 Band, and this is my way of trading this system .

3 - Answering your 2nd Q, its valid if you can withstand the Drawdown in your account, because the PA will @ least retrace back to the Center-line and less often to the Upper H4 Band, the perfect entry will be when the D1 upper Band crossed the W1 upper band and then down again and the H4 upper band crossed the W1 and the D1 upper Band then down again.

4 - Answering your 3rd Q, the smaller TF always turn first bringing down with it and after some time the Bigger TF its never the opposite, the trend change begins from the smaller TF to the Bigger one, and yes we had some times when the entry is very tricky that's why we rely on longer TF's support and resistance and the Weekly and Daily Pivots can help a lot in this issue, i have been using a lot the higher highs and the lower lows to spot a trend reversal and to enter a trade @ a safe level with minimal drawdowns.

Hope it helps, and remember the golden rule of this System never ever trade against the D1 Trend.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,888
  • Dec 18, 2012 7:38am Dec 18, 2012 7:38am
Hi,

Do we have a valid signal to short Aussie?
We now have ranging TMA values on major TFs and break of both daily and monthly pivots.
Do we have to wait for H4 band cross down D1 for this trade to be valid?
Attached Image (click to enlarge)
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  • #13,889
  • Dec 18, 2012 9:53am Dec 18, 2012 9:53am
Dear Bassramy,

I know you probably answered this question about 100 times, but please clarify one last time.
It's regarding TMAPeriod and ATRMultiplier. Is it 56 (period) and 2.5 (multiplier) for all TF or
2.5 for minor TF and 2.0 for major TF or vice-versa?
Also in ExtremeTMA info indi I have TMABandSize M15 = 2.0, H1 = 2.0, H4 = 2.5, D1 = 3.0, W1 = 3.0
I understand that it's very important to have all TMA indies with the same settings.
  • #13,890
  • Dec 18, 2012 12:28pm Dec 18, 2012 12:28pm
Quoting bassramy
1- We should always trade with the D1 or W1 Trend depends on the TF that your trading.

2 - Answering your 1st Q, when such D1 and W1 rules lines up we should wait until Price Retrace back up to @ least the Center line, and if you are a more aggressive trader, you should wait until the Price retrace back up to the H4 Higher Band, now waiting for such retracements to occur is not guarantee cause the Trend is already turned so i will recommend entering with small position and scale in every time the PA Retrace back to the upper H4 Band,...
Dear Bassramy,
Thanks for the prompt reply with such a clear explanation ...displays your understanding of this system and your willingness to help people..

So I take two major points from the explanation above -
1. Never trade against the daily trend
2. The change of trend is evident in lower time frame TMA first and then followed by bigger TF TMAs.

Thank you so much.
Regards,
Ravs
  • #13,891
  • Dec 18, 2012 11:50pm Dec 18, 2012 11:50pm
Quoting Cold_W
Dear Bassramy,

I know you probably answered this question about 100 times, but please clarify one last time.
It's regarding TMAPeriod and ATRMultiplier. Is it 56 (period) and 2.5 (multiplier) for all TF or
2.5 for minor TF and 2.0 for major TF or vice-versa?
Also in ExtremeTMA info indi I have TMABandSize M15 = 2.0, H1 = 2.0, H4 = 2.5, D1 = 3.0, W1 = 3.0
I understand that it's very important to have all TMA indies with the same settings.
Cold,

Refer to the first page for all the system settings, regarding the TMA info there has been so many changes to this system, mine goes exactly as the TMA's on the charts, if you don't find what your looking for in the first page dig out a post of mine 3 - 4 months ago where i explain in a lot of depth this subject.

For a safe entry and exit set your ATRMultiplier = 2 in all TF's and all Pairs.
Master Your Setup, Master Your self. (NQoos)
  • #13,892
  • Dec 18, 2012 11:58pm Dec 18, 2012 11:58pm
Quoting ravs_avs
Dear Bassramy,
Thanks for the prompt reply with such a clear explanation ...displays your understanding of this system and your willingness to help people..

So I take two major points from the explanation above -
1. Never trade against the daily trend
2. The change of trend is evident in lower time frame TMA first and then followed by bigger TF TMAs.

Thank you so much.
Regards,
Ravs
U forgot that the perfect trade that u can get from this system is when D1 cross W1 upper band and then down and the H4 cross the D1 and W1 upper Band and then down and the H1 cross all 3 Upper Band and then Down this will be the perfect storm.
Master Your Setup, Master Your self. (NQoos)
  • #13,893
  • Dec 19, 2012 12:41am Dec 19, 2012 12:41am
Quoting Cold_W
Hi,

Do we have a valid signal to short Aussie?
We now have ranging TMA values on major TFs and break of both daily and monthly pivots.
Do we have to wait for H4 band cross down D1 for this trade to be valid?
If i were you i won't take this trade, its against the D1 Trend on my 56 P charts, i would wait for the retracement to the lower H4 Band and then go long targeting the D1 upper Band and let it run with the HA until it turn Red.
Attached Image (click to enlarge)
Click to Enlarge Name: au_h1_56.jpg Size: 158 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,894
  • Dec 19, 2012 12:46am Dec 19, 2012 12:46am
Quoting bassramy
Cold,

Refer to the first page for all the system settings, regarding the TMA info there has been so many changes to this system, mine goes exactly as the TMA's on the charts, if you don't find what your looking for in the first page dig out a post of mine 3 - 4 months ago where i explain in a lot of depth this subject.

For a safe entry and exit set your ATRMultiplier = 2 in all TF's and all Pairs.
I've read this thread thoroughly but still was uncertain in point of Period and Multiplier settings as it's been changed few times. For now according to your advice I've set Period to 56 and Multiplier to 2 on all TF's . There is no need to change anything in ExtremeTMAinfo indi, right?

I'm still keeping my eye on Aussie. H1 Band was contiguous to H4 for some time (but never crossed it up) and now it has turned down. PA is testing Daily Pivot from below. RSI is hovering around 50.
I have my sell limit on H1 upper band.
  • #13,895
  • Dec 19, 2012 12:53am Dec 19, 2012 12:53am
Quoting Cold_W
I've read this thread thoroughly but still was uncertain in point of Period and Multiplier settings as it's been changed few times. For now according to your advice I've set Period to 56 and Multiplier to 2 on all TF's . There is no need to change anything in ExtremeTMAinfo indi, right?

I'm still keeping my eye on Aussie. H1 Band was contiguous to H4 for some time (but never crossed it up) and now it has turned down. PA is testing Daily Pivot from below. RSI is hovering around 50.
I have my sell limit on H1 upper band.
Good Luck.
Master Your Setup, Master Your self. (NQoos)
  • #13,896
  • Dec 19, 2012 12:55am Dec 19, 2012 12:55am
I can see signs of Reversals on Both the GU and EU, the bulls looks exhausted and this long trend has far extended its range needs a little more patience.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu_h1_56.jpg Size: 142 KB
Click to Enlarge Name: gu_h1_56.jpg Size: 144 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,897
  • Dec 19, 2012 1:18am Dec 19, 2012 1:18am
Quoting bassramy
If i were you i won't take this trade, its against the D1 Trend on my 56 P charts, i would wait for the retracement to the lower H4 Band and then go long targeting the D1 upper Band and let it run with the HA until it turn Red.
Here is what confusing to me. According to the rules if we have Ranging TMA (-0.40 to 0.40) than we can place trades in both directions. On your chart D1 TMA Slope = 0.20 which means range. On D1 chart I see second red HA (not HA smoothed). When you say it's against the D1 Trend you mean that
D1 TMA Slope > 0?
  • #13,898
  • Dec 19, 2012 1:36am Dec 19, 2012 1:36am
Quoting bassramy
If i were you i won't take this trade, its against the D1 Trend on my 56 P charts, i would wait for the retracement to the lower H4 Band and then go long targeting the D1 upper Band and let it run with the HA until it turn Red.
Sorry for being so importunate! Could you please post your template that is used on this chart? Just want to make sure that we have the same reference point. Once again sorry for bothering.
  • #13,899
  • Dec 19, 2012 3:29am Dec 19, 2012 3:29am
Quoting Cold_W
Here is what confusing to me. According to the rules if we have Ranging TMA (-0.40 to 0.40) than we can place trades in both directions. On your chart D1 TMA Slope = 0.20 which means range. On D1 chart I see second red HA (not HA smoothed). When you say it's against the D1 Trend you mean that
D1 TMA Slope > 0?
My template is a reflection of my personality and to the way i trade, if u want to be successful Follow the Rules not me.
Master Your Setup, Master Your self. (NQoos)
  • #13,900
  • Dec 19, 2012 3:36am Dec 19, 2012 3:36am
Quoting bassramy
My template is a reflection of my personality and to the way i trade, if u want to be successful Follow the Rules not me.
Fair enough. Please answer about D1 Trend in my previous post. Thank you.
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