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  • #1,141
  • Mar 28, 2013 12:54am Mar 28, 2013 12:54am
Hey Favorite I am loving your posts! Learning a lot and am keen to learn the other TMA patterns.

One question though, what times do you trade from and until?

Thanks
  • #1,142
  • Mar 28, 2013 1:09am Mar 28, 2013 1:09am
Hi Favorite,

I have noticed in my limited viewing that if you put the middle line back on yellow TMA, then take breaks through the Ichy only when the itchy is not on the middle line, they seem to work well and consistent. So, if the itchy is above the middle line and price breaks DOWN through it, that is a good trade. And vice versa for long trades. Good sized reward trades and seems to be high win rate.

So my question is, have you ever looked at this or noticed that? Oh, I should point out that my middle line is not yellow, it is the pink one. It looks as though it would have kept me out of about 5 losing trades.

jt


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"Even if you fall down face first, you still went forward."
  • #1,143
  • Mar 28, 2013 1:18am Mar 28, 2013 1:18am
Quoting dvanderlinde
Hey Favorite I am loving your posts! Learning a lot and am keen to learn the other TMA patterns.

One question though, what times do you trade from and until?

Thanks
dvanderlinde, welcome aboard!

I trade approximately from 12:00 AM EST until 11:00 AM EST.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,144
  • Mar 28, 2013 1:30am Mar 28, 2013 1:30am
Quoting juicyt
Hi Favorite,

I have noticed in my limited viewing that if you put the middle line back on yellow TMA, then take breaks through the Ichy only when the itchy is not on the middle line, they seem to work well and consistent. So, if the itchy is above the middle line and price breaks DOWN through it, that is a good trade. And vice versa for long trades. Good sized reward trades and seems to be high win rate.

So my question is, have you ever looked at this or noticed that? Oh, I should point out that my middle line is not yellow, it is the pink...
Hi JT!

I'm sure if you pay attention to the TMA M5 angle, to the movement from the upper band to the lower band and vice versa, and especially to the M1 Price Action and H1 big picture (all those are my rules and I explained them in post 930 page 62) - that would keep you out of those 5 losing trades too!

What you noticed, I think, is not about the interaction between Ichimoku cloud and the centerline, but about the centerline itself. Each TMA's centerline is kind of S/R, it is a well known fact, Alorente explained it a year ago, it works for all TMAs, from M1 to D1. Why I don't want to use this fact? I don't want to use it because that would filter out a lot of good trades. Yes, the centerline is a S/R, but when we have a good Babon signal with a good PA (and everything I already mentioned) our chances for breaking this S/R are very good!

Thank you for sharing your observations! I'm sure together we'll make this system even better!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,145
  • Mar 28, 2013 2:05am Mar 28, 2013 2:05am
I already showed the pattern "TMA M1 beyond the Ichimoku cloud".

Now I want to show another M1 pattern. Let's call it "TMA M1 beyond TMA M5/M15"

When after a good trend TMA M1 goes beyond TMA M5 or it goes even beyond both TMA M5 and TMA M15, then we have either a pullback or even a trend's change! This pullback can be as small as 8-10 pips or as big as 30+ pips, but we have to have this pullback at any case!

What does that mean?

First of all, when we see this pattern, we know that in a little while we'll have a pullback, so if we have an open trade, we have to think about closing it taking our profits. Of course, the pullback won't start immediately after we see the pattern, there will be a little while, we can get almost maximal profit and exit when the Babon or Price Action or our experience tells us to do that!

Second, some of you can try to trade this pullback. I personally don't trade this pattern's pullbacks, I use this pattern only to get out, but I do know traders who trade this pullback successfully.

Third, if the trend is strong, we can re-enter after the pullback is over (the Babon and Price Action will show us where and when). I trade those re-entries after pullbacks successfully.
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,146
  • Edited 2:48am Mar 28, 2013 2:14am | Edited 2:48am
I explained two very important M1 patterns, "TMA M1 beyond the Ichimoku cloud" (see post #1085) and "TMA M1 beyond TMA M5/M15" (post #1146).

(I hope you remember that the main rules and the templates are in the post #930 page 62).

We're done with the M1's patterns!

During the weekend I will show the H1 patterns, but they are important only for reading "the big picture", so to speak. As to M1 trading - right now, when you master two patterns I explained, you'll know everything I know!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,147
  • Mar 28, 2013 2:31am Mar 28, 2013 2:31am
Quoting Favorite
I explained two very important M1 patterns, "TMA M1 beyond the Ichimoku cloud" (see post #1085) and "TMA M1 beyond TMA M5/M15" (post #1146).

We're done with the M1's patterns!

During the weekend I will show the H1 patterns, but they are important only for reading "the big picture", so to speak. As to M1 trading - right now, when you master two patterns I explained, you'll know everything I know!
thanks Fav,
I am very happy that you wanted to get on this boat with me and us.

I want to thank you very much for the great work you're doing,
but most of all,
thank you for sharing your knowledge,
I guess that comes from years of hard study.

really, thank you!
  • #1,148
  • Mar 28, 2013 2:32am Mar 28, 2013 2:32am
Good day Favorite
i think you have done a wonderful job with this thread and your willingness to help others should be commended, may i ask why there are
two templetes, could they not be combined on to one chart, again many thanks for all your help
  • #1,149
  • Mar 28, 2013 2:34am Mar 28, 2013 2:34am
Quoting dnabrasil
thanks Fav,
I am very happy that you wanted to get on this boat with me and us.

I want to thank you very much for the great work you're doing,
but most of all,
thank you for sharing your knowledge,
I guess that comes from years of hard study.

really, thank you!
DNA, thank you so very much! Your opinion means a lot to me!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,150
  • Mar 28, 2013 2:38am Mar 28, 2013 2:38am
Quoting monaghan
Good day Favorite
i think you have done a wonderful job with this thread and your willingness to help others should be commended, may i ask why there are
two templetes, could they not be combined on to one chart, again many thanks for all your help
monaghan, thank you, it is very nice of you!

As to two templates - I found that it is much easier to watch Babon's signals and M1's Price Action on the one template and three TMA's on the other template, I think having four different sets of lines on the same chart is a little too much. But of course if it is OK with you, you can just put Babon Slope (the indicator) on the "Babon-B" template and work with one template.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,151
  • Mar 28, 2013 2:41am Mar 28, 2013 2:41am
Quoting Favorite
I explained two very important M1 patterns, "TMA M1 beyond the Ichimoku cloud" (see post #1085) and "TMA M1 beyond TMA M5/M15" (post #1146).

We're done with the M1's patterns!

During the weekend I will show the H1 patterns, but they are important only for reading "the big picture", so to speak. As to M1 trading - right now, when you master two patterns I explained, you'll know everything I know!
Favorite thanks 100000000000.
  • #1,152
  • Edited 3:01am Mar 28, 2013 2:45am | Edited 3:01am
Quoting Matrix8756
Favorite thanks 100000000000.


Yes, that's what I'm gonna make in dollars this year!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,153
  • Mar 28, 2013 2:57am Mar 28, 2013 2:57am
Understood Fav thank you
  • #1,154
  • Mar 28, 2013 3:01am Mar 28, 2013 3:01am
Quoting monaghan
Understood Fav thank you
Sure! Any time!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,155
  • Mar 28, 2013 3:20am Mar 28, 2013 3:20am
Quoting Favorite


Yes, that's what I'm gonna make in dollars this year!
ok
  • #1,156
  • Mar 28, 2013 3:22am Mar 28, 2013 3:22am
Congrats dnabrasil on the birth of your baby daughter. Thanks Favorite for your continued efforts in teaching us your system. I got a late start today so missed all the action and price is just too close to TMA 5M for any trade to trigger at this moment. I will be patient and wait for A+ setup.
Trading can't be taught but it can be learned
  • #1,157
  • Mar 28, 2013 3:37am Mar 28, 2013 3:37am
Hi Fav
Many thanks for further explanations on TMA patterns, am really beginning to enjoy this. One question if I may........When Babon changes colour how many candles are you prepared to wait after this for a valid signal or scrub the trade, what I mean is if babon colour change and lets say 4candles later
price goes above inchy and all else is ok would you press the button or void trade because too many candles before before entry. Hope this makes sense
Kind Regards
Geoff
  • #1,158
  • Mar 28, 2013 4:13am Mar 28, 2013 4:13am
Quoting GEOFFREY62
When Babon changes colour how many candles are you prepared to wait after this for a valid signal or scrub the trade, what I mean is if babon colour change and lets say 4candles later
price goes above inchy and all else is ok would you press the button or void trade because too many candles before before entry.
Hi Geoff!

For me price crossing Ichimoku cloud is more important than the Babon's color change. So if price is already under Ichimoku cloud and at that moment Babon changes it's color to red, then I would enter at the beginning of the second candle. But if, for example, the price was above the Ichimoku cloud when Babon's color changed to red, we have to evaluate every situation differently. I would say that if the price goes under Ichimoku cloud at the third or fourth candle, I would enter at any case. If it is later than the fourth candle, I'd look at the Price Action and at the interaction between TMA M1 and the Ichimoku cloud and I'd make my decision based on the Price Action and on the pattern "TMA M1 beyond the Ichimoku cloud" (if we have one).
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,159
  • Mar 28, 2013 4:16am Mar 28, 2013 4:16am
Quoting GEOFFREY62
Hi Fav
Many thanks for further explanations on TMA patterns, am really beginning to enjoy this. One question if I may........When Babon changes colour how many candles are you prepared to wait after this for a valid signal or scrub the trade, what I mean is if babon colour change and lets say 4candles later
price goes above inchy and all else is ok would you press the button or void trade because too many candles before before entry. Hope this makes sense
Kind Regards
Geoff
Hy

i personally don't think this is a pure mechanical system, like....you have to open a trade if X and Y and Z converge.

The PA is very important here...

For example, after Babon`s changes his color ( 1 candle closed), i check
- the position regards Ichi
- Genesis signals
- MA bands
- situation of higher TF (5m, 15m, 1h)
- PA

If all that are ok, i`m ok

But...i may take a trade 2-3-4candles after Babon changes his color if i`m convinced that PA is in my direction
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,160
  • Mar 28, 2013 4:16am Mar 28, 2013 4:16am
DNA's style + Favorite strategy = the best.
My last trade on €/$ = +25 pips!
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