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Extreme TMA System

  • #121
  • Feb 21, 2012 10:52am Feb 21, 2012 10:52am
Quoting Alorente
Because I know the system well, I jumped the gun and shorted half of my position on EURGBP without condition 3, because the trade is realy juicy. I donīt recommend you do those things though until you master the system.
..thanks for the heads up on EG..a real Xtreme!
Attached Image (click to enlarge)
Click to Enlarge Name: EG15MTMA210212-1.GIF Size: 19 KB
  • #122
  • Feb 21, 2012 10:53am Feb 21, 2012 10:53am
Right now the two with greatest potential are EURGBP and Gold. Gold is waaaay above the top band, with a bear spike formed.
Observation is the path to discovery.
  • #123
  • Feb 21, 2012 10:55am Feb 21, 2012 10:55am
Please, please, when I mention good potential trades I want you to see how they look so you get accustomed to seeing how great potential trades look like. In NO WAY am I suggesting you should enter the trade. I am not here to recommend trades to you, just to help you learn the system.
Observation is the path to discovery.
  • #124
  • Feb 21, 2012 10:57am Feb 21, 2012 10:57am
Quoting ChowClown
...i think the confusion was that A was talking about EU at the time and not CJ
arite, my bad, it's the dementia don't you know...
  • #125
  • Feb 21, 2012 10:59am Feb 21, 2012 10:59am
I just want you to understand why it is important to invest in a second screen. There is no need to follow only one currency pair. The money is better placed on the highest potential trades and you can only see those clearly with two screens and the Profile I included in the packet.
Observation is the path to discovery.
  • #126
  • Feb 21, 2012 11:01am Feb 21, 2012 11:01am
Quoting Alorente
Yes but look at EURGBP. Much better trade. Way above the top band. Better risk/Reward
yes i'm waching it too
but the spike has the white band inside yet
  • #127
  • Feb 21, 2012 11:02am Feb 21, 2012 11:02am
Quoting Alex84
yes i'm waching it too
but the spike has the white band inside yet
Read post #120.
Observation is the path to discovery.
  • #128
  • Feb 21, 2012 11:07am Feb 21, 2012 11:07am
Alorente,

My congratulations to you on a successful first day of your thread. 126 entries, 5,098 views, and 9 pages make for an impressive start. I imagine you will overtake my thread and leave me in the dust soon.

Best of Luck.

Evaluator.:nerd:
  • #129
  • Feb 21, 2012 11:07am Feb 21, 2012 11:07am
Quoting Alorente
Do you mean you donīt have the winRar program? You can get it free here

http://download.cnet.com/WinRAR-32-b...7677.html.rar?

If you canīt get it for some reason, PM me your email and I will send you the files.
Hey thanks that worked, i will put it together and give it a go. Never had to open .par files before.
  • #130
  • Feb 21, 2012 11:08am Feb 21, 2012 11:08am
Quoting Evaluator
Alorente,

My congratulations to you on a successful first day of your thread. 126 entries, 5,098 views, and 9 pages make for an impressive start. I imagine you will overtake my thread and leave me in the dust soon.

Best of Luck.

Evaluator.:nerd:
Eval, As long as we all make money and we have fun doing it, who cares about the rest.

Thanks for your kind words.
Observation is the path to discovery.
  • #131
  • Feb 21, 2012 11:09am Feb 21, 2012 11:09am
Quoting Alorente
Please, please, when I mention good potential trades I want you to see how they look so you get accustomed to seeing how great potential trades look like. In NO WAY am I suggesting you should enter the trade. I am not here to recommend trades to you, just to help you learn the system.
so far you do it very well !
  • #132
  • Feb 21, 2012 11:10am Feb 21, 2012 11:10am
Quoting Alex84
so far you do it very well !
Alex, did you get my post 120 on the thin line? Just want to make clear that ir is a valid spike for a trade, just not as reliable.
Observation is the path to discovery.
  • #133
  • Feb 21, 2012 11:14am Feb 21, 2012 11:14am
Quoting Alorente
Right now the two with greatest potential are EURGBP and Gold. Gold is waaaay above the top band, with a bear spike formed.
Al, in the case of gold, can be very risky because the upward trend is very strong. In these cases it should move the SL to BE before touching the top band, for example at 30 or 50 pips?

Let's try to see how it goes.
Enter Signature
  • #134
  • Feb 21, 2012 11:14am Feb 21, 2012 11:14am
Quoting Alorente
Alex, did you get my post 120 on the thin line? Just want to make clear that ir is a valid spike for a trade, just not as reliable.
yes i read that post since you answered
thanks
i'm waiting on both gold and eg
  • #135
  • Feb 21, 2012 11:17am Feb 21, 2012 11:17am
Tip:

If you want to know how close you are to an MA Cross (Color Change), install the MA Crossover Lines indi that I am enclosing. It clutters the chart a bit but you can see much more clearly as the cross approaches. I already changed the input on it to 10 so itīs ready for prime time. If you use your own, make sure you change the Period input to 10.
Attached File(s)
File Type: mq4 MA_Crossover_Lines.mq4   3 KB | 3,125 downloads
Observation is the path to discovery.
  • #136
  • Feb 21, 2012 11:17am Feb 21, 2012 11:17am
Quoting Alorente
Please, please, when I mention good potential trades I want you to see how they look so you get accustomed to seeing how great potential trades look like. In NO WAY am I suggesting you should enter the trade. I am not here to recommend trades to you, just to help you learn the system.
Al,

When I read your exit rules and see " when the MA cross flashes a bar with the opposite color", does that mean the candle has closed or does it mean -as soon as I see an MA change color?

Thanks
  • #137
  • Feb 21, 2012 11:24am Feb 21, 2012 11:24am
Quoting Alorente
By the way, I always leave the order open at night with this system. What I do is set as a target price the level of the opposite band. Most of the time you wake up with the trade closed and the profit in your account. Just make sure you set your emergency SL. I donīt leave it open over the weekend though.
Good tip. Thanks.
  • #138
  • Feb 21, 2012 11:25am Feb 21, 2012 11:25am
Another tip:

For example EURGBP right now. We are waiting for condition 3 . But as you can see, even though the current bar hasnīt closed, the previous bar which is closed has also turned read. That nakes condition 3 valid and you can enter the short. I hope this is clear. Let me know if it isnīt.
Observation is the path to discovery.
  • #139
  • Feb 21, 2012 11:30am Feb 21, 2012 11:30am
is ther a short signal on eurusd now ? i think there is ....
  • #140
  • Feb 21, 2012 11:31am Feb 21, 2012 11:31am
Everyone short on that EUR/GBP?!
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