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  • #1,201
  • Mar 29, 2013 5:16am Mar 29, 2013 5:16am
Another example from this morning on £/$. On a real account I would'nt have made this trade because
there were just few pips to be won. Besides the price was too much near the 1m higher tma.
10- 3 (spread at this time)= 7pips
However we can see on those charts how the pattern works.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: £ $ 01.jpg Size: 87 KB
Click to Enlarge Name: £ $ 02.jpg Size: 116 KB
  • #1,202
  • Mar 29, 2013 5:30am Mar 29, 2013 5:30am
Jeff,

That picture as got nothing to do with the srt setup . Re Read it.
Enter Signature
  • #1,203
  • Mar 29, 2013 5:45am Mar 29, 2013 5:45am
Hi eco!
On the first picture tma 1 went below tma 5 at 7h59 and at 8h38 it went above: there according to me was the entry.
I am perhaps wrong but i don't understand. Could you, please, explain it.
Thank you
  • #1,204
  • Mar 29, 2013 6:54am Mar 29, 2013 6:54am
Quoting lastingwell
For backtesting purposes just use TMATrue as that shows it how it was at the time.
lastingwell, I agree with ECO that in this case only forward-testing makes sense. I never backtested anything using TMAtrue, but a couple of my friends tried, and they say that TMAtrue stinks (Pardon my French! ).
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,205
  • Mar 29, 2013 6:55am Mar 29, 2013 6:55am
Quoting jeff75
Hi eco!
On the first picture tma 1 went below tma 5 at 7h59 and at 8h38 it went above: there according to me was the entry.
I am perhaps wrong but i don't understand. Could you, please, explain it.
Thank you
I think it is the right setup, but it is not the best setup.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,206
  • Mar 29, 2013 7:05am Mar 29, 2013 7:05am
Quoting Favorite
I think it is the right setup, but it is not the best setup.
Hi Favorite,
I agree with you.
Btw your french is perfect!!!
  • #1,207
  • Mar 29, 2013 7:25am Mar 29, 2013 7:25am
Hi All,
Yes, I understand the situation with the repainting & I've been watching it. I agree the trades I posted may not have been the same in real time but from what I've seen, the TMA 5 usually adjusts a bit later on so the cross point changes & at times you find the TMA 5 changes enough that TMA 1 was never outside of TMA 5. I don't have a problem with that as I've been reviewing more & noticed that it isn't critical that it leaves the TMA 5 channel. If it is that close to the edge of the channel, it's still at an extreme so likely to start swinging back to the opposite side of the TMA 5 channel. So does it matter if the TMA 5 changes a little & isn't the perfect setup as described? I don't think so but will continue to test in a live market. I'm going to do more studying & have some other ideas about how to get a precise entry using different methods. I'll let you know what I find. Still a work in progress but I'm keeping the TMA bands as the base for my studying.
Thanks for the comments & concerns.
  • #1,208
  • Mar 29, 2013 10:26am Mar 29, 2013 10:26am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Sorry for the delay, it’s been a week off for the kids so I have been busy driving around for activities I will have this done on the weekend.

I have been trying different strategies.

If the top band and center band cross into cloud alert

If the bottom band and center band cross into cloud alert

So I’m working on an option to use Top & Bottom band Cross or {Top(Buy)/Bottom(Sell)& Center Band} for those who want an earlier alert.

I tried adding an angel requirement like 20 degrees for confirmation but it’s tricky when you resize your chart.

Paul,

If you look at the chart below the X’s are where the alert went off in real time the red line is the Ichimoku span A.

X = green top, yellow center & red bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: TMA_1_03.png Size: 42 KB
Of all the things I've lost I miss my mind the most .
  • #1,209
  • Mar 29, 2013 11:08am Mar 29, 2013 11:08am
Quoting srt
Hi All,
Yes, I understand the situation with the repainting & I've been watching it. I agree the trades I posted may not have been the same in real time but from what I've seen, the TMA 5 usually adjusts a bit later on so the cross point changes & at times you find the TMA 5 changes enough that TMA 1 was never outside of TMA 5. I don't have a problem with that as I've been reviewing more & noticed that it isn't critical that it leaves the TMA 5 channel. If it is that close to the edge of the channel, it's still at an extreme so likely to start swinging...
srt, you're doing a wonderful job, I agree with everything you said and I'm sure this pattern's gonna be very useful and very profitable!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,210
  • Mar 29, 2013 11:10am Mar 29, 2013 11:10am
Quoting Mr C
Sorry for the delay, it’s been a week off for the kids so I have been busy driving around for activities I will have this done on the weekend.

I have been trying different strategies.

If the top band and center band cross into cloud alert

If the bottom band and center band cross into cloud alert

[size=3][font=Calibri]So I’m working on an option to use Top & Bottom band Cross or {Top(Buy)/Bottom(Sell)&...
Paul, that's great! Thank you so very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,211
  • Mar 29, 2013 11:12am Mar 29, 2013 11:12am
Quoting jeff75
Btw your french is perfect!!!
I know, I know! I'm really good at that!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,212
  • Mar 29, 2013 1:48pm Mar 29, 2013 1:48pm
Hi srt

You should look at the extreme tma thread, they have very good indis to use with tma bands, even a dashboard. You can use tma true for backtesting, unfortunately it seems that it is not mtf so only one at a time can be displayed.

I see you use macd, give the tma slope nrp histogram a try instead, it was designed for tma bands.

Thanks for your efforts.
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,213
  • Mar 29, 2013 2:46pm Mar 29, 2013 2:46pm
TMA True is just a 56 LWMA as I understand it.
  • #1,214
  • Mar 29, 2013 2:55pm Mar 29, 2013 2:55pm
Quoting jsf

You should look at the extreme tma thread, they have very good indis to use with tma bands, even a dashboard. You can use tma true for backtesting, unfortunately it seems that it is not mtf so only one at a time can be displayed.
The TMAtrue I posted is mtf.
  • #1,215
  • Mar 29, 2013 4:27pm Mar 29, 2013 4:27pm
Thanks Favorite for all your information on this as well.
Quoting Favorite
srt, you're doing a wonderful job, I agree with everything you said and I'm sure this pattern's gonna be very useful and very profitable!
  • #1,216
  • Mar 29, 2013 4:35pm Mar 29, 2013 4:35pm
Hi jsf,
Thanks for the suggestions. I've been to the TMA extreme sight & read parts of it. I didn't like the TMA slope histogram as well as the MACD & didn't care for the dashboard either. I'll do more reading there to see if I can get any more information that might help.
Quoting jsf
Hi srt

You should look at the extreme tma thread, they have very good indis to use with tma bands, even a dashboard. You can use tma true for backtesting, unfortunately it seems that it is not mtf so only one at a time can be displayed.

I see you use macd, give the tma slope nrp histogram a try instead, it was designed for tma bands.

Thanks for your efforts.
  • #1,217
  • Mar 29, 2013 5:19pm Mar 29, 2013 5:19pm
OK, a few thoughts on the "repainting" issues with the TMA bands.
I know most will probably disagree with this but with this indicator, I prefer that it DOES repaint. Let's look at an example. The slope of the bands was up a few minutes ago based upon the calculations at that time. Price just recently started moving lower so TMA is calculating the "current" data & now adding new data to the old data, the past bands should have turned flat a little sooner & by now should be sloping slightly down so TMA 5 moves the past slope a little to allow the current slope to be sloping slightly down. Otherwise some time would have to pass in order for the bands to make a turn & start turning down. By "repainting" the old bands a bit, the current bands can be plotted to show a slight downward slope rather than having a delay because the old bands need to be flattened before they can be turned down. Then the indicator would be a lagging one like so many others & you're always late to the trade. Isn't it better to be trading off the most updated information available at the current time? Yes, it's hard to backtest but better to forward test in a live market anyhow.

Another way to look at it. Let's say Warren Buffet had a service that you traded off of based upon a grade he put out every friday after the close for each stock in his portfolio. You have XYZ stock in your portfolio bacause the "Buffet Indicator" has it rated 7 out of 10 so a buy. Buffet is doing some research & finds some bad news on XYZ on monday so plans to reduce the rating to 5 on friday. By tuesday he gets more bad news on XYZ so now will reduce the rating to a 3 out of 10 so a sell. He starts unloading the stock in his portfolio. Would you want the "Buffett Indicator" to "repaint" on tuesday so you could also sell your position or should he leave it a 7 until friday after the close? Wouldn't you want the most updated information right away so you could trade off it or should he leave it until friday even though the stock might be 5% lower by then? So should the TMA slope be adjusted to give you the best current information or do you want to trade with delayed information?

Sorry to drag on so long about this. Just thought you might want to think about whether it's really such a bad thing that this indicator repaints.
I'll keep more to the trading strategies from now on.
  • #1,218
  • Mar 29, 2013 5:42pm Mar 29, 2013 5:42pm
Quoting srt
Sorry to drag on so long about this. Just thought you might want to think about whether it's really such a bad thing that this indicator repaints. I'll keep more to the trading strategies from now on.
srt, I think you just had to get it out of your system, so to speak. So it is a good thing and now you can concentrate on what is really important - our strategy, TMA patterns, better entries and exits.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,219
  • Mar 29, 2013 6:26pm Mar 29, 2013 6:26pm
Quoting jeff75
Hi eco!
On the first picture tma 1 went below tma 5 at 7h59 and at 8h38 it went above: there according to me was the entry.
I am perhaps wrong but i don't understand. Could you, please, explain it.
Thank you
Sorry Jeff,

My bad, I didn't think the price was allowed to be in the cloud.
Enter Signature
  • #1,220
  • Mar 29, 2013 6:35pm Mar 29, 2013 6:35pm
How did you end up losing the vast majority of your capital in the span of a day? I mean I commend you for having the guts to keep the trade explorer open where most (including myself) would have hidden it, but there should definitely be something to learn here.
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