This may be a dumb question and I’m certain you’re not headed this way, but why not trade the reverse of the signals? Then you would be +1131
It would take some nerve though
[quote=“TalonD,post:640,topic:31864”]
Once you start hitting more trending areas you will then lose on the big trends you were originally supposed to take :p. though it would be cool to trade the opposite signal and I have thought about that as well lol.
This problem that in some period you loss(consolidation) and other you take profit(strong trend) come in every forex strategy 
so Im very curious about tymen method for it…
Good evening, I’m new to this thread. I’m at GMT +1 and more French-eating frog legs and Raleur …:mad:
Seriously, I just spent 2 days, has read this thread and I am impressed by the quality of teaching “our” Professor Tymen 1. MR Bravo for your dedication and your ability to maintain suspense and interest of participants to this thread.
I am only a beginner in the forex, not in search of the Grail, but looking for information I can build me my own methot.
I love to read different opinions and sometimes divergent opinions when they are constructive.:rolleyes:
From that day I will try with my limited means to participate, and a little push in the right direction …
English is not my mother tongue, I ask everyone to forgive this shortcoming.:o
More seriously, I will confirm that the use of TF greatest limit noise and allows for clearer signals.
I trade on TF 1 hour and 4 hours.
Regarding the above points out the trade I thought that we reserve tymen1 a surprise …
Clever lateral thinking, [B]Talon D, (Hon FX Member).[/B] !!
But you would suffer shocking drawdowns in the middle!! 
It would take some nerve though
I think that would be about right - nerves of steel. :eek:
[B]Thank you for participating on a regular basis in this thread!![/B]
Welcome to the forum and welcome especially to this thread [B]didilut[/B].
I hope you can learn something from us here and develop into a fine trader!!
I trade on TF 1 hour and 4 hours.
Very wise move indeed for a new trader!! 
You are starting off on the right foot!!
We have some distance to go yet, [B]cubanpip2010[/B].
Everything will fall into place as we go along!!
Not using this method, I trust!! :eek:
I realized that zero level
MMACD corresponds to the resistance or support level of the price. Am I right?
NO!!
That is incorrect!!
The zero level of MMACD is where the long averages and the short averages cross or touch.
That is, at that point they have the same value.
I am going to start with the other 2 steps first!!
[B]The reason being, they are easier to implement.[/B]
[B][U]The 1st step[/U][/B]
We do not stay in a trade when the red GMMA averages are clustered and remain so.
The price action here is very fickle and could easily go against you.
The [U]best move[/U] at this point is to [U]get out of the trade [/U]at the best possible price.
[B][U]The 2nd step[/U][/B]
[B]We now revise the MMACD.[/B]
We note that the short averages are the total of 3, 5, 8, 10, 12, 15 divided by 6 (there are 6 averages).
This give us (3 + 5 + 8 + 10 + 12 + 15)/6 = 53/6 = [B]8.83333[/B]
This is a rather slow number, that is slow responding - a bit like comparing a simple moving average with an exponential moving average.
…or like comparing an exponential moving average with a weighted moving average - the weighted is much faster responding.
We also have the long averages as the total of (30 + 35 + 40 + 45 + 50 + 60)/6 = 260/6 = [B]43.33333[/B]
Now the MMACD is really a just a MACD with [B]short = 8.83333 [/B]and [U]long 43.3333[/U]
These are pretty useless numbers really.
[B]We can do better!![/B]
For a faster responding MMACD (and, therefore, earlier entry with less pip loss), we choose [B]short average = 3[/B].
Why not 2, this is even faster? 
The number 2 is simply too fast (yes its a bad pun), and gives undesirable [B]whipsaws.[/B]
[B][U]EXERCISE[/U][/B] (for newbies)
What is a whipsaw?
[B]The number 3 gives us what appears to be a happy balance between a fast responding indicator without delivering a heap of whipsaws.[/B]
We are also going to change the number for the [B]long averages = 43.3333[/B]
This is a useless number with no meaning.
We choose instead the number 50, which is based on the Year of Jubilee in the Bible (Leviticus 25:11)
This makes a lot more sense since we are dealing with a number that has significance.
Note that the short averages can be 3 to 5 and still be satisfactory.
The long averages can be 50 to 55 and still be satisfactory. (Leon Wilson uses 55).
[B][U]In summary [/U][/B]
[B]Short average = 3
Long average = 50[/B]
This means a new computer program with the ability to put these new values in.
[B]You can use your MACD that is already in your charting program but I recommend the program in the next post - because it will include the signal lines later on. [/B]
what if red MAs of 1H timeframe are clustered but red MAs of 8H chart are spaced. in such composition i do doubt to enter. would you explain how to enter in such case?
Here is the new MMACD computer program.
Delete the old one and put this new one in.
(or use your MACD in your charting program for now).
[B]Here is how to load the program in GFT…[/B]
Open a [B]new file[/B] in My Documents - call it “Dealbook” or similar if you like. (You should already have this file now)
Open the [B]Chart Studio [/B]program and click file/new
[B]copy/paste[/B] the following…
indicator A_MMACDnew ;
input p1 = 3, p2 = 50 ;
draw zeroline(“zeroline”, solid_line, dark_magenta,2),
mmacd(“MMACD”, solid_line, blue,2);
vars shortav(series), longav(series);
begin
zeroline := makeseries (front(close), back(close), 0);
shortav := ema(close, p1);
longav := ema(close, p2);
mmacd := ((shortav-longav)/longav)*100;
end.
Click [B]Build/instal [/B]module.
Type “A_Direction” into the file entry box.
Click [B]save[/B]. (program installed successfully appears below).
[B]Translaters into MT4 wanted. [/B]
[B]To delete old program in GFT…[/B]
Delete the MMACD indicator in the My Documents file you called “Dealbook” or similar.
When you close the Dealbook program and re-open it, the old MMACD will be gone.
You trade according to the chart that you are working with.
I promise you that even though it looks complex just now, things will get easier as we go along.
[B]Now load the following program…[/B]
indicator AA_BOLLINGER ;
draw upper(“Upper BB”, solid_line, magenta,2),
lower(“Lower BB”, solid_line, magenta,2),
mid(“mid”, solid_line, magenta,2);
vars tmp(series);
begin
mid := sma(close, 20);
tmp := 2 * stddev(close, 20);
upper := mid + tmp;
lower := mid - tmp;
end.
The difference between this and the standard Bollinger is that I have put AA in front of the indicator name so that the Bollinger comes first up in you list just like the A_ Direction (GMMA) and the A_MMACDnew.
Further, it is colour co-ordinated.
We need to be able to put these indicators [U]on and off the chart quickly [/U]without having to scroll thro a whole long list of indicators to find what we are looking for.
tymen, I did. it looks good
we dont need A_Direction indicator anymore!?
Well…
We do…to see those times when the red long averages are clustered and we should get out of our trade before something dreadful happens.
But other than that we can have it off our charts but keep it in our indicator tool box.
[B]Remember this chart? [/B] >>>
The trade here resulted in a [U]loss of 22 pips[/U] (-22 pips).