taggie11 » Mon Mar 24, 2014 7:17 pm wrote:

Let´s say your analysis tells you there is a high probability of a medium to long term move on a pair, like on EurUsd right now. Let´s say you decide to build a 10 lot milipede with .5 size steps.

When your analysis tells you that the long term trend is nearing an end soon, you stop opening new trades and start closing the older trades till you end up at zero again.

Does anyone have a "millipeed" script that can execute say 10 trades at X pip increments? If not that would be really useful given price moves in waves.
Doc

nanningbob » Mon Mar 24, 2014 2:25 pm wrote:

taggie11 » Mon Mar 24, 2014 7:17 pm wrote:

Let´s say your analysis tells you there is a high probability of a medium to long term move on a pair, like on EurUsd right now. Let´s say you decide to build a 10 lot milipede with .5 size steps.

When your analysis tells you that the long term trend is nearing an end soon, you stop opening new trades and start closing the older trades till you end up at zero again.

Does anyone have a "millipeed" script that can execute say 10 trades at X pip increments? If not that would be really useful given price moves in waves.
Doc

You need to remember: whatever you can make big money at you can also lose big money at. Unless you have the fundamental down for sure this type of event only happens 1-3 times a year. Last year it was the JPY move in the spring. The Euro had two crashes one in with Greece and the other with Crete/Cypress. You know those kind of events are happening go for it. Otherwise you can watch your big profit disappear quickly with 10 trades going at one time. Starting at .5 a pip and end up playing 5.00 a pip hmmmmmmmmm think about that one. Yes I did my own millipede type trade on the JPY last year and racked up 10K pips in one week but you know I was on top of that thing. You try that with out a big fundamental and .................... well ........................... 5.00 a pip or 4.00 a pip or ............. can add up quickly and make a profit disappear within hours to minutes. Think about it your watching a retrace and you are at 4.50 a pip and you cant wait for that last one to go into place and for some reason it never comes and that big profit is gone. Thats a lot of work down the drain.

taggie11 » Mon Mar 24, 2014 2:54 pm wrote:Al
Am liking this system of yours to be added to NBs - the more I learn the more I can "feel" these waves. The TMA system of yours seems to capture this. Have loaded on a demo to see how it goes.
Can you please post your bar time counter and pivot indis from your tpl.
Cheers
Doc

alorente » Mon Mar 24, 2014 9:01 am wrote:EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

Pedigree » Mon Mar 24, 2014 3:01 pm wrote:

alorente » Mon Mar 24, 2014 9:01 am wrote:EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

Hi Al,

I’m sure that I will be speaking for many in this forum if I say that you are very welcome.

I’d seen quite a bit of you on FF but I’ve not taken a close look at any of your posts until now. This MTF TMA as you describe it looks to me like a whole new world in forex that, to say the least, is looking extremely mouth-watering. And thank you for being so willing to open it up by taking pains to explain it.

Here are a few questions, please, regarding the 50 Bars Back line in relation to the quoted post.
a. Is it always the case that, to use it, you compare the current price with the rough average of the 35 bars to its right as opposed to those beyond the 36th?
b. If EU rises to 1.39, how does, that facilitate the H4 band continuing down with the same slope?
c. In one or two other posts, you spoke of the H4 crossing the D1 and then moving across to the opposite D1 line. In your experience, how often does this happen? Is this always (well… nearly always – this is forex we are talking here!!!) to be expected even in a ranging market such as we have now?
d. All the bands have their TMA periods set to 50 and so can be used with the 50 Bars Back line. Does that mean the 60 and the 240 are, in the meantime, redundant? If so, what is their use on the chart?

In short, I would be grateful if you would explain a little bit further on the use of this 50 Bars Back line.

Thank you.

alorente » Mon Mar 24, 2014 3:23 pm wrote:

Pedigree » Mon Mar 24, 2014 3:01 pm wrote:

alorente » Mon Mar 24, 2014 9:01 am wrote:EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less)......

Hi Al,

In short, I would be grateful if you would explain a little bit further on the use of this 50 Bars Back line.

Thank you.

Thanks. You are correct, it is mouth watering. I can´t trade without MTF TMAs anymore. It is a major advantage to use them.......

d- The 60 and the 240 are simply a different way of showing the same cycles. The 60 expands away from the 240 and then contracts towards the 240. I call this process "Breathing". Before I found MTF TMAs, I used to use two averages, 50 and 200 and now 60 and 240 because Bob prefers them. I like to look at them because I have years of experience analyzing the relationship between the two averages. Also, the 60 Bars Back and the 240 Bars Back indis work in the same way to predict what the averages should do. TMA gives you a clearer picture but the averages work just as well.

alorente » Mon Mar 24, 2014 3:23 pm wrote:

Pedigree » Mon Mar 24, 2014 3:01 pm wrote:

alorente » Mon Mar 24, 2014 9:01 am wrote:EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

Hi Al,

I’m sure that I will be speaking for many in this forum if I say that you are very welcome.

I’d seen quite a bit of you on FF but I’ve not taken a close look at any of your posts until now. This MTF TMA as you describe it looks to me like a whole new world in forex that, to say the least, is looking extremely mouth-watering. And thank you for being so willing to open it up by taking pains to explain it.

Here are a few questions, please, regarding the 50 Bars Back line in relation to the quoted post.
a. Is it always the case that, to use it, you compare the current price with the rough average of the 35 bars to its right as opposed to those beyond the 36th?
b. If EU rises to 1.39, how does, that facilitate the H4 band continuing down with the same slope?
c. In one or two other posts, you spoke of the H4 crossing the D1 and then moving across to the opposite D1 line. In your experience, how often does this happen? Is this always (well… nearly always – this is forex we are talking here!!!) to be expected even in a ranging market such as we have now?
d. All the bands have their TMA periods set to 50 and so can be used with the 50 Bars Back line. Does that mean the 60 and the 240 are, in the meantime, redundant? If so, what is their use on the chart?

In short, I would be grateful if you would explain a little bit further on the use of this 50 Bars Back line.

Thank you.

Thanks. You are correct, it is mouth watering. I can´t trade without MTF TMAs anymore. It is a major advantage to use them.

a- No. I mentioned 35 bars because I was referring to the EurUsd chart I posted which just happened to have 35 bars before the major drop.

b- The TMA band is 50 period, which means that the average is comprised of the last 50 bars. Each new bar that closes, is substituted in the average by the one signaled by the 50 Bars Back line, so as prices rise, like the upcoming 35 bars I mentioned, the upcoming bars would also need to rise to keep the slope consistent. If as is happening today, the old 50 bars back candles rise but the new bars drop, the slope will become steeper. For example, EurUsd had a -0.29 slope when I posted the chart this morning. Now the value has become -0.36 because the new bars dropped more than the old ones.

c- That is the biorhythm of the market. The H4 TMA always cycles from extreme to extreme inside the D1 TMA. Well, sometimes it takes longer to turn and sometimes it doesn´t quite make it to the top, but most of the time it does. Load the H4, D1 and W1 TMAs on your chart and zoom out all you can. You will be amazed at the regular ups and down of each TMA inside the longer TF one.The H4 TMA also oscillates inside the H4, but in a more irregular way. It still works though. I use the H1 to pinpoint the entry. The H4 is at the extreme and turns, but I wait till the H1 also turns before I enter the trade. Another intering thing is that each pair has it´s own quirks and personality in these cycles. Look at each one zoomed out and you will see the differences over time.

d- The 60 and the 240 are simply a different way of showing the same cycles. The 60 expands away from the 240 and then contracts towards the 240. I call this process "Breathing". Before I found MTF TMAs, I used to use two averages, 50 and 200 and now 60 and 240 because Bob prefers them. I like to look at them because I have years of experience analyzing the relationship between the two averages. Also, the 60 Bars Back and the 240 Bars Back indis work in the same way to predict what the averages should do. TMA gives you a clearer picture but the averages work just as well.

alorente » Mon Mar 24, 2014 3:44 pm wrote: To explain b- above a little more clearly, If the TMA was composed of a Simple MA of the close, and the 50th bar has a value of 1.38 and the new bar substituting it also has a value of 1.38, the total sum of closes of the 50 bars divided by 50, would be identical and the TMA would move sideways. BUT the TMA is a Triple Exponential MA, which gives a lot more value to the last bar than to the 50th bar, thus making the TMA go down when subtituted by a bar of equal value IF price is under the centerline as is in the case of EurUsd right now. To simplify all of this, if the upcoming bars replicate the bars to the right of the 50 Bars Back indi, the TMA will more or less continue the slope it has. If the new bars are lower, the Slope will steepen. If the new bars are higher, the slope will decrease. This is the same for uptrends, of course...