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Extreme TMA System

  • #481
  • Feb 22, 2012 11:03am Feb 22, 2012 11:03am
Quoting comer
I think so too. In fact, I'd recommend anyone trying to understand a system load this up and just eyeball a hundred bars worth of action while studying the rules (post #1).

A picture is worth a thousand words Especially a moving picture
Nice to see you visiting Comer. From the looks of it, how do you see the possibility of creating an EA?
Observation is the path to discovery.
  • #482
  • Feb 22, 2012 11:07am Feb 22, 2012 11:07am
Quoting miw14
Trades so far with this system:
Yesterday:
E/U: +35 pips
A/U:+20 pips
G/A: +33
Today:
G/J: +20
G/A: Currently -5
E/A: down -10
E/Gown -10

Closed pips so far: +108!
You followed the system better than me. Iīll settle back into my trading routine in a couple of days. Itīs taken a bit to adapt to doing both things, but it is also a lot more fun.
Observation is the path to discovery.
  • #483
  • Feb 22, 2012 11:10am Feb 22, 2012 11:10am
I have looked around FF for a few years now and never even bothered to become a member because I hadn't found a good reason to. But I am thankful due to the slow day that I stumbled this thread. I just spent the last couple of hours reading every page and I must say I am both appreciative and impressed. Al I appreciate you sharing your knowledge thoughts and ideas, and I am impressed that there is not all the bickering in this thread like the others that I have read thru. I am honored and looking forward to joining this group on this promising journey.

Thanks

Surfnomad
  • #484
  • Feb 22, 2012 11:10am Feb 22, 2012 11:10am
Quoting Alorente
Hola Tio. De que ciudad eres?

Hola tio...jeje.
Soy de Barcelona, actualmente en America, dandole al trading!

I think as mentioned Alorente .. a good choice for the stop loss is placed in the maximum or minimum above, you can use the semafors for it, is a good option.
As well we have the option of variables stops and power always fit the 1:1 minimum.

Greetings!
  • #485
  • Feb 22, 2012 11:13am Feb 22, 2012 11:13am
The thread increased 10% while I was reading through all the pages

I'll implant / test some of your indicators into my own strategy, thanks for the share!
  • #486
  • Feb 22, 2012 11:13am Feb 22, 2012 11:13am
Alorente:

Your a kind gentleman to give all of this information to help your fellow traders find success. Thank you kindly for doing this. It is helping me alot.

Question: I would like to analyse the USD index as you state you do. Here's the website I am using: http://www.forexpros.com/quotes/us-d...advanced-chart Do you mind sharing where you analyse the USD index and how you do it?

The index day chart does look to go up from what I can analyse using a few ma's on the day chart.

Thanks so much,

Steve
  • #487
  • Feb 22, 2012 11:16am Feb 22, 2012 11:16am
EURAUD is a good example of why I stopped placing Stop Losses. As you can see, the SL at 1.2465 would have been triggered, but it is perfectly normal for a pair to double top before coming down and becoming a profitable trade. I understand that you can still reenter when you get the next signal, but youīll lose on the difference between 124.65 and wherever you reenter at a lower point. If this happens over and over again like it usually does, those lost pips add up to a big bundle.

I have enough confidence in this system to understand that when I enter a trade, we are already in an overextended position and the likelihood of a reversal is very high. Even when it starts moving seriously against you as gold did last night, in the end it did what it usually does, which is retrace hard and put pips in your account. I would love to hear opinions about this and how you would like the system to handle risk.
Observation is the path to discovery.
  • #488
  • Feb 22, 2012 11:20am Feb 22, 2012 11:20am
Quoting Alorente
EURAUD is a good example of why I stopped placing Stop Losses. As you can see, the SL at 1.2465 would have been triggered, but it is perfectly normal for a pair to double top before coming down and becoming a profitable trade. I understand that you can still reenter when you get the next signal, but youīll lose on the difference between 124.65 and wherever you reenter at a lower point. If this happens over and over again like it usually does, those lost pips add up to a big bundle.

I have enough confidence in this system to understand that when...
Absolutely agreed. SL placed at last Swing Low/Swing High will be really easy hit, you will always have spikes for that.
I think the key of a system is not only the entry, but to exit a bad trade without a fixed SL. Just my opinion.
  • #489
  • Feb 22, 2012 11:20am Feb 22, 2012 11:20am
Did gold retrace enough today to close BE or with profit the position of yesterday evening ?
  • #490
  • Feb 22, 2012 11:22am Feb 22, 2012 11:22am
Quoting stevewide
Alorente:

Your a kind gentleman to give all of this information to help your fellow traders find success. Thank you kindly for doing this. It is helping me alot.

Question: I would like to analyse the USD index as you state you do. Here's the website I am using: http://www.forexpros.com/quotes/us-d...advanced-chart Do you mind sharing where you analyse the USD index and how you do it?

The index day chart does look to go up from what I can analyse using a few ma's on the day chart.

Thanks so much,

Steve...
You use the same chart and site that I use. FxPro, my broker does not have a USDIndex chart. I wish they did. If anyone knows of a better chart, please let me know.

Another thing I like about ForexPros is the members sentiment %. It is uncanny how accurate it is. Iīve been looking at it for months and it is very predictive of the upcoming move. Right now they have USD at Bull: 76% Bear: 24%. I agree with them as I usually do.
Observation is the path to discovery.
  • #491
  • Feb 22, 2012 11:24am Feb 22, 2012 11:24am
Quoting Alex84
Did gold retrace enough today to close BE or with profit the position of yesterday evening ?
I closed it with a small profit, but it retraced 10 bucks to 1749. I could have made a big profit had I waited for it to cross the band.
Observation is the path to discovery.
  • #492
  • Feb 22, 2012 11:25am Feb 22, 2012 11:25am
Quoting Alorente
I closed it with a small profit, but it retraced 10 bucks to 1749. I could have made a big profit had I waited for it to cross the band.
are you placing real trades this days or demo only ?
  • #493
  • Feb 22, 2012 11:26am Feb 22, 2012 11:26am
Quoting Caillou
Absolutely agreed. SL placed at last Swing Low/Swing High will be really easy hit, you will always have spikes for that.
I think the key of a system is not only the entry, but to exit a bad trade without a fixed SL. Just my opinion.
Exactly. To be disciplined enough to take your lumps as your lump taking conditions occur. Fixed stop losses steal a lot of money out of your pocket day in and day out.
Observation is the path to discovery.
  • #494
  • Feb 22, 2012 11:33am Feb 22, 2012 11:33am
Hi Al,

Hope you had a good lunch, if your looking for a dollar index broker try SIG Trader, they have all the indexes there eur, gbp, yen,aud, nzd, chf, cad, usd, all on on Metarader,

Cheers

Eamonn.
  • #495
  • Feb 22, 2012 11:35am Feb 22, 2012 11:35am
Quoting Alex84
are you placing real trades this days or demo only ?
I always place real trades. The key is to only play with money you can afford to lose. Thatīs when you donīt lose it and make more, because you are relaxed about it. Years ago when the money was tighter or when I always used bigger lots than I should have, I was always tense during a trade. That tension made me make many mistakes and those inevitably cost me money. I would exit early or enter early or late, or the worst of all turn a nice profit into a loss because of greed. Its a vicious circle. If you need the money, you will end up losing it. If you donīt need it you will end up making more, so the secret is, play only with money that you donīt really need.
Observation is the path to discovery.
  • #496
  • Feb 22, 2012 11:37am Feb 22, 2012 11:37am
Quoting Eamonn
Hi Al,

Hope you had a good lunch, if your looking for a dollar index broker try SIG Trader, they have all the indexes there eur, gbp, yen,aud, nzd, chf, cad, usd, all on on Metarader,

Cheers

Eamonn.
Iīll check them out. Thanks.
Observation is the path to discovery.
  • #497
  • Feb 22, 2012 11:37am Feb 22, 2012 11:37am
Quoting Alorente
You use the same chart and site that I use. FxPro, my broker does not have a USDIndex chart. I wish they did. If anyone knows of a better chart, please let me know.

Another thing I like about ForexPros is the members sentiment %. It is uncanny how accurate it is. Iīve been looking at it for months and it is very predictive of the upcoming move. Right now they have USD at Bull: 76% Bear: 24%. I agree with them as I usually do.
Hi AL

Sigtrader has the indexes. Metatrader platform
  • #498
  • Feb 22, 2012 11:41am Feb 22, 2012 11:41am
Quoting Surfnomad
I have looked around FF for a few years now and never even bothered to become a member because I hadn't found a good reason to. But I am thankful due to the slow day that I stumbled this thread. I just spent the last couple of hours reading every page and I must say I am both appreciative and impressed. Al I appreciate you sharing your knowledge thoughts and ideas, and I am impressed that there is not all the bickering in this thread like the others that I have read thru. I am honored and looking forward to joining this group on this promising journey....
Wow, that makes my day. How heartfelt and well expressed that was. Let me assure you that there wonīt be bickering here. We are serious about this. We all want to learn from each other and prosper together. We leave our egos home before we start in the morning. There are plenty of other threads for bickering.

We are honored to have you with us.
Observation is the path to discovery.
  • #499
  • Feb 22, 2012 11:44am Feb 22, 2012 11:44am
Quoting hardearned
Hi AL

Sigtrader has the indexes. Metatrader platform
Thanks. I appreciate the information. Even though I can look at it at ForexPro, I will love to be able to study the chart with all my favorite indis in MT4.
Observation is the path to discovery.
  • #500
  • Feb 22, 2012 11:45am Feb 22, 2012 11:45am
Quoting Alex84
ok
what would be your MM for such an account :
10 000 euros balance
8 pairs monitored (not 8 trades simultaneously...)
1:100
spreads 2 to 3
?
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