Happs with TMA Trading Journal

My suggestion is to trade off of flat levels, market structure, fib ratios, supply/demand levels, technical confluences, use market reactions and favorable R/R as your friends. Buy and sell on retests when respect is proven. My main thread and other threads are full of sound strategies.

Look at "Backing Trades through Charts" in the commercial section. Look at Petar Serbia's "art of trading thread". Look at Tarantula's "Spider's Den" thread. Look at AmyC's trading journal.

You will find sound methodologies in all of them. Contrary trading is fine, just throw away the stretchy lines and trade real technicals.

Ultimately after enough knowledge is there trading should be somewhat of an individual/creative endeavor. You see what you see on your own, and not everybody sees the same thing all the time.

For all I know you see something special in the stretchy lines that I didn't or don't see. If you're making big percentages every week and you're not on a bust cycle/taking big DD's then don't allow me to interfere.

After all I'm just giving my best advice to someone who asked me a question in one of my old, old threads, no purpose beyond that. TMA's are not for me, never worked for me in the long run, and I don't see as how they will for others people. I honestly can't recommend them, at least as the central feature in a strategy. And I have no use for them as a peripheral feature.

Anyway, I will confine my comments to this thread on this matter. I have no wish to go into someone else's space and bring some hard line about how the method they've chosen to put all their energy into doesn't work, out of a basic respect for the forum. The invitation to do so seems somewhat-well it makes it seem as if you are looking for a fight, just on your own ground.

In any case, whatever your motives might be, you can take my suggestions about which methods and threads to investigate in order to learn solid trading methods as sincere ones. Best of luck.

[Anyway, I will confine my comments to this thread on this matter. I have no wish to go into someone else's space and bring some hard line about how the method they've chosen to put all their energy into doesn't work, out of a basic respect for the forum. The invitation to do so seems somewhat-well it makes it seem as if you are looking for a fight, just on your own ground. ]

Its as if i didn't read this paragraph, my intentions where extremely honest i didn't mean to upset you or something, i was just asking a question to a guy i respect, respect his expertise and heard a lot of, I'm sorry you take it the wrong way, and as you can see I'm not looking for a fight and not on my own ground cause the thread that i contribute in is not mine its for another fellow trader that i highly respect too, i just needed to hear an honest opinion about the TMA.
Anyway best of luck to you and thank you for your opinion i will keep following your comments on your thread here @ FF and on your own.

With all respect,
B.R.

Ok Bass, no harm done. My bad, I just wasn't sure where you were coming from asking me to post negative TMA comments in the TMA thread. I wasn't upset, just wasn't sure. I can see you're just asking honestly.

My own experience has been that its an unreliable indicator. In general it responds to ranges but not to trends.

So if its in responding mode, you win, and if its not in responding mode you draw down massively, or you take a stop.

So lets ask some basic questions.

1) Can TMA True be turned into an EA, using some good stop loss strategy
other than martingale that will turn out to be profitable over 10 years of back-testing? Even with adding other tools such as Pivots, Grid-builder, Slope indi, whatever you like...No, if it could be done it would have been done by now. So mechanically its a loser.

2) Ask another question-why did someone even bother to make a TMA indicator apart from the TMA True? Why make a repainting TMA indicator? We all know by now that the TMA True and the TMA Normal (repainting) both give the same exact reading in present time. Its just that the TMA True is honest about what its readings were in the past. So at least it gives you the advantage of an accurate look-back.

The whole appeal of the TMA indicator is based on an inaccurate look-back. I honestly think that it got so popular because it looks good in its false look-back. Maybe this was the purpose of the original coder, or maybe he had some other purpose that I can't fathom. But I can't see what technical advantage that it brings.

I remember reading on the Extr-TMA thread that the thread originator actually said, "Forget the TMA True, its useless."

After reading that, I was truly bewildered. Its like somehow the idea is lost that in real time the TMA True, and the TMA (normal) are doing the same exact thing. If one is useless then the other is useless.

So the only possible logical meaning that I can take from his statement is that, "the TMA True is aesthetically useless". It doesn't look good enough to use. And the deeper implication of course is that both TMA True and TMA (normal) are technically useless.

So these are dangerous waters to be getting into. To deny the simple and obvious logic that both indicators are yielding the same benefit (or lack of) in real time, and then to say forget the one that shows how it actually performs in favor of the one that covers it up because the one that covers it up looks better, is dangerous.

Anyway, all of this goes on and on, and it goes no where. This is why I told the other fellow to drop it and go and see how the highly respected technical traders do what they do. I hope this suffices to illustrate my basic viewpoint. In the end I feel like I can only say the most obvious things about it, but I also kind of feel like the most obvious things should have been enough for people a long time ago.

Take Care, Steve

Thanks, god bless.

TMA slope normalized with some other indi's (I'll check the file)

1) wait for candle to be green/red
2) TMA slope above 0.4, below -0.4 (it repaints yes)
trying to find someone to help me with coding such that the closing
price of every bar is plotted as a line, so you can see the non repainted
closing values
3) time blocks (M5/M15) both red or both white

trading on the M5 but can obviously be any TF

I use SL 10pips/ TP 20 pips...50% off when price hits 10 pips, then trail SL

please add mtf