Trading is as simple as ABCD

Yes the TMA repaints (or at least any I have ever seen before do). It's constantly adjusting it calcs based on the ever adjusting history of price action behind it.

If it looks 100% accurate on a look back... 99.9% chance it's repainted.

I've said it before... you have a working system.

You want more MA lines, put levels on your MA... I am sure one of the programmers could add levels 50 or 25 or whatever pips away from the main MA just like you can do with the out of the box MT4 MA and keep the changing trend color...

Hello Clive,
TMA reminds me of the days of COG,
TMA repaints, i don't really refer such term as repaints, as MA's move with price.
My question is, the red and yellow arrow, do they repaint? They are sincerely looking to good to be true, i only need one of those trade to make a happy living.
I would like to request kindly of your good nature to share the template and indicators of this chart, it's time we put heads to together and over ride the big boys in the market.

May the pip force be with.

Regards,
Festus

Yes they do repaint, because they are painted by hand.

,

Well Said GodsClown,
I almost thought those arrows had the eyes of our sage Clive,
Then it would be great to have it programmed in such way as the Sage EYE

Hi Efestus

What my good friend GodsClown means is that I drew those arrows on myself they are not drawn by an indicator... Sorry to disappoint you..

However there is some good news regards the TMA as I 'm interested in using it with my system. Currently forward testing it using it as both an entry and exit route and so far looking very promising but won'rt say any more here will start a new post about it...

Be careful with any EUR based trades. Have them protected or closed out by end of day. With Greece decisions possible over the weekend the opening gaps could be huge.

Protect yourself.

Sir your point of entry is magnificent,
if i havent being following this trend i would have had my reservations.

The TMA band would work great, but from my little knowledge with this bands is it redraw not repaint a strong price action would pull it greatly,
and some times good entry doesnt really touch the upper or lower band, I stand corrected on this.

Rgs

OK let me show you what I'm playing around with at the moment and to be honest its looking very promising. Nothings changing in my philosophy about trading, price can go up or down so we have only two options available to us either trade or don't trade...

If a chart is clearing moving one way then we trade it in that direction if not clear then we don't trade..

Any how the strategy is all around these 1 minute charts and identifying safe low risk areas to enter and the right place to exit too..

Now I've always struggled with exits as I'm never happy. I either get out too late with nowt or a loser or I bank some money then unless its the prefect exit I'm still fed up as I'm worried what I've left on the table...

So whats the answer????

Well maybe its this TMA indicator because apparently what it does is works out the average swing and then predicts where the next swing will end and the new swing the other way will start. So in simple language its working out the size of the waves then telling you where the next one will begin or end. Sounds good if it works as now we can work out where to enter and where the high probability place to exit is..

It prints a channel so the high of the channel is where you sell and the low of the channel is where you buy. Exits are the reverse obviously when selling exit at the low of the channel when buying exit at the top of the channel.

I'm also very keen to get in on the first couple of signals after a reversal as the early signals in any trend are better at the start than the end. Trends end when its been overbought or sold and theres no one left to push the trend higher/lower only a load of traders holding profitable positions and desperate to get out with as much as possible and so kick off the reversal. Remember overbought and oversold markets are dodgy places to be joining hte trend, much better to wait for the reversal and jump on at the start of the new move...

So how do we do that???

Heres how I will attempt to do it going forward using this new TMA indicator, assuming its not repainting itself its been looking good so far..

I will obviously show you a good trending chart to start with then a not so good trending chart in fact a rangy one and lets see how it does...I think you're find it deals with both market conditions perfectly, well as perfectly enough to give us a winning edge..

First a let me show you the entry and exit of our trades..

If you want you can select the strongest trending 5 minute trends from the TTindy then whenever the TMA middle band turns your way take the first entry , maybe first 2 entries...Heres the entry criteria..by the way I'm sure this will work on any trending timeframe you wish to use but as you all know I haven't the patience to wait for anything longer than 15 mins for my next signal, so I'm going to demonstrate it on the 1 minute as usual..

 

1. Time of day is the usual between LO and NY close...Closer to the market open the better as I'll show you in a minute.
2. Strong trending 5 min chart from top 4 of TTindy.
3. Wait for the TMA middle band to turn in the same direction as the 5 minute trend.
4. For selling wait for the price to hit the top band of the TMA then place pending order 2 pips under that candle, look for confirmation of 8 CCI to be overbought. Important that the middle band stays the right colour for the trend direction when you enter if its changed colour because price has pulled back too far let it go.
5. Move to BE within 5 pips or 5 mins if it hasn't gone 5 pips..If it doesn't go just GTFO...
6. Exit when lower band of TMA hit either place TP if price is moving slowly or if price is moving fast either, close manually or trail stop down each candle until stopped out.

Heres a chart to explain..

Really important to watch the middle band as must be right colour for trend direction, if not let it go and don't worry if it goes without you, there will be another one along shortly. Don't let that Fear of missing out grab yer...

Thats about it just keep rinsing and repeating until middle band changes colour. When it turns back down again start again. By doing this and just taking bite sizes each time it doesn't matter if its ranging or trending down all day, you're get every move worth getting..

I personally may start buying the reversal move as I'm not such a great believer in following the longer term trends directions, I've seen too many reversals against the so called longer term trend go a hundred pips and as I'm only after 20 pips a session why ignore it??

Heres the GBPCHF chart from this morning that just kept trending down nicely and i believe was top of the 5 min TTindy...



All well and good on a nice trending chart I hear you shout so lets look at a rangy old one from this morning..

I just picked this at random and knowing many of you are EURUSD traders too...




I must admit it all looks too good to be true doesn't it??? And a very good trader I know has already PMed me to say its repainting so it wouldn't happen like that???

I don't know but will give it a go and see what will happen. From playing with it a little this morning what I found was that the TMA top and bottom bands would move with price as it pushed past them but by entering on a pending order I was fine, if it kept pushing too far then the middle band changed colour and I let it go...

I think the secret is to keep an eye on that middle band colour, as soon as it pushes too far one way it changes colour and nullifies the entry..

Remember also to check your CCI for confirmation and move to BE quickly because if its going to work it will just leave your entry behind as it rushes to your TP...

I'm also thinking maybe only the first couple of signals after the turn??? not sure to be honest as hardly traded it today but will be testing it all next week on demo of course...so lets see what happens, its got 2 choices I guess...

Just looking back at the moment and its just looking sillier and sillier this must be repainting although it doesn't look like it..



I will play around with it and let you know how I get on...

Oh heres my current template if anyone else wants to try it., just remember it might be repainting so as price comes to your TMA bands watch to see if it moves it a lot before you take a trade, also look for a reaction at the TMA as a confirmation and always enter with pending orders back with the trend so if it does keep going you won't get pulled in..

Lastly keep an eye on that middle band if it changes colour let the entry go....

I am getting suspicious myself as going back through charts its hard to find one that doesn't work????

Only way is to test it going forward and see what happens will post as I go...

Heres all the indys and templates you're need, good luck..

Heres one thats failed on several accounts...



Its very late in the move so shouldn't be trading it as best just after a colour change. But even so the middle band changed colour on me so I'm letting it go..

Exactly... it catches all the turns because well after a turn has been confirmed it's not too hard to mathmatically place your band there when that's what it programmed to do.

Your top 3 arrows are all 25 level entries which you could get into as easily with your HMA or LMA or whatever and the CCI...

Let's see what next week brings, perhaps you will find the key to trading the TMA live on the right edge of the chart.

Best of luck my friend.

Another one missed...



Mind you I'd of had to be placing the pending order as it approached the bottom band to of caught it...

Bof E governor about to speak so better let him get started before any more trades today,

Now this is a 5 minute top trender but UP, so should i be considering this sell setup???



Or would it be better to wait for a green middle band and for it to return to 5 min trend????

Mind you it looks like the Governor has got his mouth into gear so stand aside for a bit, cuppa tea time I reckon...

Great entry off of the lower band all the same...just not our signal...

I gotta say guys if this does prove to be a viable strategy using the TMA that everyone reckons repaints, its the same old story for me, all these great indicators developed by cleverer men than you and me guys. Work a treat in strong trending markets...

Same old same old....

If its trending its got half a chance of working if it ain't trending we ain't trading...

http://www.forexfactory.com/showthread.php?t=343533

Hi Clive there was a long running thread on using TMA started by Alorente. Lots of information.

Look at this chart strong trender GBPJPY just gave up another nice entry but it made me realise just how good this could be, although it pulled back hard it wasn't hard enough to turn middle band red so the buy was still on the cards. by entering with a buystop we can wait for the CCI to signal and our green signal candle before placing our order.




Now my point is if this had kept coming back then the middle band would of turned red and any thoughts of buying are stopped in their tracks..However it didn't and it worked, amazing little entry system.. Just keep an eye on the middle band's colour...

Will be interesting in a minute if these strong trending GBP pairs turn over to see if we get a sell entry...

Great advice. My br0ker cut leverage 1/2 on eur pairs for this reason until a decision is made. I'm only in these eur trades for 10min or so. And watching red news close. Again, good advice.