- Search Energy EXCH
-
Alorente replied Feb 21, 2012Yes. As long as it closes Red, light or dark, the short will be opened according to the rules if the Spike is there at the close of the bar. I personally like to place the order on the other side of the TMA Bar or close to it. Itīs a bit to far for ...
Extreme TMA System
-
Alorente replied Feb 21, 2012At this point the price has touched the opposite band and the long was successful. You should exit the trade if you are one way or move to condition two if you are signal to signal in order to soon reverse the trade.
Extreme TMA System
-
Alorente replied Feb 21, 2012You can change the ATR multiplier to 3 for wider distance between the bars or 1.5 for smaller.
Extreme TMA System
-
Alorente replied Feb 21, 2012Yes, it is the system I trade every day. Sometimes I enter a smaller trade with a Symphonie signal ot THV signal, but this is my bread and butter. The reason I donīt like other time frames with TMA is that price tends to overshoot the bands by much ...
Extreme TMA System
-
Alorente replied Feb 21, 2012To get a good "feel" for TMA, zoom out your chart totally and turn off Autoscroll. Now slide the chart months back and youīll see the wave patterns repeat over and over. Those wave patterns are what produce the excesses in pricing beyond the bands.
Extreme TMA System
-
Alorente replied Feb 21, 2012Yes. You can trade this 24 hours and the TMA will still give you the same wave effect. It is a good 24 hour system.
Extreme TMA System
-
Alorente replied Feb 21, 2012I think of the TMA repaints as the smoke trails from a jet airplane in the sky. The same way the wind will move the trails, so those future price action move the past parameters of the TMA. It will always center itself to the price action to form ...
Extreme TMA System
-
Alorente replied Feb 21, 2012Yes. The Triangular Moving Average. Iīve been using it for quite a while.
Extreme TMA System
-
Alorente replied Feb 21, 2012Another point. Letīs say you see the PA beyond the band, and lets say by the time you get the other two conditions the PA sneaked under the band. You can still take the trade. Obviously, the farther away it is on the far side of the band, the more ...
Extreme TMA System
-
Alorente replied Feb 21, 2012In other words: First you look ONLY for the PA to go beyond the band. Second you look Only for the spike. Third you look ONLY for the color change. The moment the bar closes with the color change you double check to make sure that the spike is there ...
Extreme TMA System
-
Alorente replied Feb 21, 2012No. The spike can be there several bars before the color change, but it is important that both are there when the bar closes with a color change.
Extreme TMA System
-
Alorente replied Feb 21, 2012Another point: If you set your profile to 9 or 18 charts, you will spot many more opportunities for trades. Once you feel comfortable with the system, you will probably move on to the 2 screen profile with 18 charts like I use. This is a 15M TF so ...
Extreme TMA System
-
Alorente replied Feb 21, 2012It is successful signal to signal and with a stop loss one way too. I will tell you that my stop of 100 pips has not been hit once and Iīve been trading this for a while now. Most of the time, when you get the three signals, price rebounds to the ...
Extreme TMA System
-
Alorente replied Feb 21, 2012Iīm sure it was a signal for you. Read post my last post that redefines the conditions.
Extreme TMA System
-
Alorente replied Feb 21, 2012I was away from the computer for a couple of minutes but we shouls be in a long right now. The Very Conservative option for exit would have closed the position when PA touched the center line. The other Exit options are still open. Your stop should ...
Extreme TMA System
-
Alorente replied Feb 21, 2012Explaining better the signals: The most important condition for a signal is number 1. PA must be outside of the bands. Number 2 and 3 simply say that if PA is outside of the bands, AND you get a Spike and a color change at the CLOSE, even if it is ...
Extreme TMA System
-
Alorente replied Feb 21, 2012Read post #44. Also, read the conditions again on page 1.
Extreme TMA System
-
Alorente replied Feb 21, 2012Sorry, I had a spike wihth a thin line for a moment but it turned off right after I posted.
Extreme TMA System
-
Alorente replied Feb 21, 2012I donīt have a buy yet. The Bear spike, even though it has a thin white line, cancels the Bull spike for now because it came after the Bull spike.
Extreme TMA System