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Extreme TMA System

  • #221
  • Feb 21, 2012 2:11pm Feb 21, 2012 2:11pm
well let's see how it behaves in the demo. Brazil, let's move on

Let us be green
  • #222
  • Feb 21, 2012 2:15pm Feb 21, 2012 2:15pm
Quoting leafarct
well let's see how it behaves in the demo. Brazil, let's move on

Welcome, friend.
Observation is the path to discovery.
  • #223
  • Feb 21, 2012 2:18pm Feb 21, 2012 2:18pm
So far, so good! +20 pips
  • #224
  • Feb 21, 2012 2:21pm Feb 21, 2012 2:21pm
may be a trade coming on gu....
  • #225
  • Feb 21, 2012 2:22pm Feb 21, 2012 2:22pm
I mentioned earlier in the day that I would post information about the Recovery Trades system that many of us use instead of tight stop losses. I am enclosing this information. I acknowledge this is not for everyone. Some traders cannot sleep at nights without a stop loss on their trades. I must tell you that I was one of them. Over time I came to realize that there is another way. The way is simple, use a high percentage win system, keep your order size small relative to your account size and use recovery trades when every once in a while, a trade goes against you. I want to thank nanningbob who is the principal promoter of this system. He made me realize that I am not the only one out there that sees things differently.

Enjoy. It´s worth every minute you spend reading it.
Attached File(s)
File Type: doc Recovery trades.doc   322 KB | 8,268 downloads
Observation is the path to discovery.
  • #226
  • Feb 21, 2012 2:23pm Feb 21, 2012 2:23pm
Quoting Alex84
may be a trade coming on gu....
BUY?
Let us be green
  • #227
  • Feb 21, 2012 2:26pm Feb 21, 2012 2:26pm
Quoting Alorente
I mentioned earlier in the day that I would post information about the Recovery Trades system that many of us use instead of tight stop losses. I am enclosing this information. I acknowledge this is not for everyone. Some traders cannot sleep at nights without a stop loss on their trades. I must tell you that I was one of them. Over time I came to realize that there is another way. The way is simple, use a high percentage win system, keep your order size small relative to your account size and use recovery trades when every once in a while, a trade...
thank you Alfredo
Let us be green
  • #228
  • Feb 21, 2012 2:32pm Feb 21, 2012 2:32pm
The question is: Should we take profits on EURUSD now that it is at the D1 Pivot line or let it drop to the other band?
Observation is the path to discovery.
  • #229
  • Feb 21, 2012 2:35pm Feb 21, 2012 2:35pm
Quoting Alorente
The question is: Should we take profits on EURUSD now that it is at the D1 Pivot line or let it drop to the other band?
Question answered. I´m holding it. I see al the other EUR crosses looking weak. Still have open the EURGBP trade as well as the Gold position.
Observation is the path to discovery.
  • #230
  • Feb 21, 2012 2:37pm Feb 21, 2012 2:37pm
SAME QUESTION Im asking myself on EG
  • #231
  • Feb 21, 2012 2:40pm Feb 21, 2012 2:40pm
Quoting Alorente
The question is: Should we take profits on EURUSD now that it is at the D1 Pivot line or let it drop to the other band?
I'm holding for 5 more pips.
  • #232
  • Feb 21, 2012 2:40pm Feb 21, 2012 2:40pm
Quoting Alorente
The question is: Should we take profits on EURUSD now that it is at the D1 Pivot line or let it drop to the other band?
I'm short at 1.3256. Waiting it out as per the signal to signal method.
  • #233
  • Feb 21, 2012 2:42pm Feb 21, 2012 2:42pm
Quoting Alex84
SAME QUESTION Im asking myself on EG
Im holding EURGBP to the other band. That double top showed weakness and divergences and I believe in this system. It needs to test the lower band. You can always move the stop to BE but then you´ll be stopped out and after it will drop as just happened to Maudur,
Observation is the path to discovery.
  • #234
  • Feb 21, 2012 2:55pm Feb 21, 2012 2:55pm
and what about gold going up ?
  • #235
  • Feb 21, 2012 2:59pm Feb 21, 2012 2:59pm
Quoting Alex84
may be a trade coming on gu....
I wouldn´t do it myself for two reasons:

1- Price is not beyond the band line. I can tell you from the many trades I´ve placed using this system that it is worth waiting for the extreme marked by a band crossover. Trades are much more profitable when you have the patience to wait.

2- I would not bet against the USD at this point The US Dollar index is rolling over and I believe will rise very soon. The Euro should drop and the S&P with it, which is sorely in need of a correction with divergences galore in all indicators.

If all that happens, Oil and Gold will drop too.

We´ll see,
Observation is the path to discovery.
  • #236
  • Feb 21, 2012 3:09pm Feb 21, 2012 3:09pm
Hi Al,

Have been at my computer all day and have read the thread as It has unfolded.

Fantastic stuff !!

Had a go at the symphonie system that you traded yesterday and made some pips.

This system seems a little easier though and needs less concentration.

I don't know how you feel answering questions and posting all day you must be feeling tired by now?

Have you tried the Tma True with this system,

best of luck,

Eamonn.
  • #237
  • Feb 21, 2012 3:14pm Feb 21, 2012 3:14pm
We are nearing bedtime in Europe. I will take this opportunity to talk about what I usually do when I have open positions by the end of the day. Let´s take the EURGBP position as an example. Right now the lower band is at .8370 more or less. The TMA is rising so in a few hours we´ll lose some of that. I would place a Target Price of .8373 and leave it open for tomorrow. It is very possible the target price will be hit overnight. The EURUSD position, the lower band is descending slightly so I´ll det a TP of 1.3215 on that. The gold position, at this point I´ll be happy with a return to center line at 1751.50 so I´ll set that TP, even though I am quite sure it will go lower, buy opinions are not wore the paper they are written on in this business. I´ll still be watching over this for another hour or so.
Observation is the path to discovery.
  • #238
  • Feb 21, 2012 3:23pm Feb 21, 2012 3:23pm
I just find out this thread and it has a very promising appearance.

I wish you the biggest success, Alfredo.

Greetings from Spain.
  • #239
  • Feb 21, 2012 3:23pm Feb 21, 2012 3:23pm
Quoting Alorente
We are nearing bedtime in Europe. I will take this opportunity to talk about what I usually do when I have open positions by the end of the day. Let´s take the EURGBP position as an example. Right now the lower band is at .8370 more or less. The TMA is rising so in a few hours we´ll lose some of that. I would place a Target Price of .8373 and leave it open for tomorrow. It is very possible the target price will be hit overnight. The EURUSD position, the lower band is descending slightly so I´ll det a TP of 1.3215 on that. The gold position, at this...
Buenas noches Alfredo

Just one question. I'm sure tomorrow you will explain better your Recovery Mode but if a trade goes against you and you open another trade with bigger lot size, you will manage these trades till BE (or a small profit) but you don't take an opposite trade if an opposite signal happens? I mean, when you are in Recovery Mode you are not in Signal to Signal Mode?

Gracias
  • #240
  • Feb 21, 2012 3:23pm Feb 21, 2012 3:23pm
Quoting Eamonn
Hi Al,

Have been at my computer all day and have read the thread as It has unfolded.

Fantastic stuff !!

Had a go at the symphonie system that you traded yesterday and made some pips.

This system seems a little easier though and needs less concentration.

I don't know how you feel answering questions and posting all day you must be feeling tired by now?

Have you tried the Tma True with this system,

best of luck,

Eamonn.
Hi Eamonn,

Thanks for your well wishes.

No, I am not tired. I´m used to real hard work in my company for over 30 years. This is constructive for everyone and a lot of fun.

I don´t like the TMA True. I have not been able to get any utility out of it, and trust me, I´ve tried. I keep hearing, "but that´s the good one because it doesn´t repaint". It may not repaint, but it is all over the place without any predictive value as far as I´m concerned. I really dont care much about accuracy on past parameters. I want indicators to give me a hint of what´s to come. Anyway, TMA has worked for me and continues to do so and I´m a loyal guy.
Observation is the path to discovery.
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