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Extreme TMA System

  • #621
  • Feb 23, 2012 2:31am Feb 23, 2012 2:31am
Quoting Sjr
Fastest 24 pips I ever lost....what 4 minutes ?

LOL

Oh well .... um back to the demo drawing board....

Comments........

SR
Similar move for me. Stopped out -20 on Aud-Jpy had valid setup with 2 red bars on histogram and good cross on ma lines, red bars turned blue and ma lines uncrossed and spread apart.
  • #622
  • Feb 23, 2012 2:34am Feb 23, 2012 2:34am
A good example of how a trade begins to shape up is EurUsd right now. The TMA is slanted slightly so a short is valid. PA is clearly above the upper band. PA is hitting against R3 resistance. We have a Bear Spike. All we need is a Red bar on the MA Cross. It should happen within the next 2 to 3 bars. You can tell by looking at the MA Crossover Lines indi which shows the blue and red lines coming closer to each other. Remember the steps that I just outlined. You will see them repeatedly in many of your successful trades.
Observation is the path to discovery.
  • #623
  • Feb 23, 2012 2:37am Feb 23, 2012 2:37am
Quoting Alorente
A good example of how a trade begins to shape up is EurUsd right now. The TMA is slanted slightly so a short is valid. PA is clearly above the upper band. PA is hitting against R3 resistance. We have a Bear Spike. All we need is a Red bar on the MA Cross. It should happen within the next 2 to 3 bars. You can tell by looking at the MA Crossover Lines indi which shows the blue and red lines coming closer to each other. Remember the steps that I just outlined. You will see them repeatedly in many of your successful trades.
Also important to note is the distance between the PA to the opposite band when a trade is entered. Right now it is about 50 pips, which is a healthy spread. I would not take a trade where that distance is under 30 pips.
Observation is the path to discovery.
  • #624
  • Feb 23, 2012 2:42am Feb 23, 2012 2:42am
In the USDCHF , is the TMA too much down for longs anymore?
  • #625
  • Feb 23, 2012 2:44am Feb 23, 2012 2:44am
Quoting Ferod
In the USDCHF , is the TMA too much down for longs anymore?
I would say yes. It would have to turn sideways more to go long.
Observation is the path to discovery.
  • #626
  • Feb 23, 2012 2:46am Feb 23, 2012 2:46am
Quoting futurespeter
By the way, you mean Rule 2 ...



... did you shot?
Yes. Forgot we added the new Rule 1.

No. Still hiding in the bushes waiting for a clear shot at the buck.

By the way, Iīm not a hunter. I just use that as an analogy, ok...
Observation is the path to discovery.
  • #627
  • Feb 23, 2012 2:46am Feb 23, 2012 2:46am
Quoting Alorente
I would say yes. It would have to turn sideways more to go long.
Gracias AL. Have you nice day
  • #628
  • Feb 23, 2012 2:47am Feb 23, 2012 2:47am
No matter how good a system is, be careful with high impact news. I wouldn't trade anything now until this news item(German IFO) is out of the way.

Goodmorning Lorente. Its gonna be a beautiful day. 14 mins to the said news.
  • #629
  • Feb 23, 2012 2:47am Feb 23, 2012 2:47am
GBPUSD just gave a signal. Iīm in short.
Observation is the path to discovery.
  • #630
  • Feb 23, 2012 2:48am Feb 23, 2012 2:48am
Quoting Alorente
GBPUSD just gave a signal. Iīm in short.
GbpUsd in short at 1.5692
Observation is the path to discovery.
  • #631
  • Feb 23, 2012 2:49am Feb 23, 2012 2:49am
Quoting Alorente
GbpUsd in short at 1.5692
The spread to the lower band was over 30 pips so the trade was valid.
Observation is the path to discovery.
  • #632
  • Feb 23, 2012 2:50am Feb 23, 2012 2:50am
Whoa, whoa, whoa, I guess this is where the newbie learns his lesson on ? repainting ???

Look at this chart now vs, the on I posted a few minutes ago.....no where near the same...

Hmm I guess Ive still got along way to go learning the rules...

Sense of humor still intact...LOL

SR
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  • #633
  • Feb 23, 2012 2:51am Feb 23, 2012 2:51am
hello everybody
market seems to wake up today...more volatility
  • #634
  • Feb 23, 2012 2:52am Feb 23, 2012 2:52am
Quoting ikeo
No matter how good a system is, be careful with high impact news. I wouldn't trade anything now until this news item(German IFO) is out of the way.

Goodmorning Lorente. Its gonna be a beautiful day. 14 mins to the said news.
I donīt quite agree. If you have a stop placed, letīs say at 20 pips and the news goes against you, you will lose 20 pips. If the news is in your favor, you will make 40 or 50. Good risk/reward.
Observation is the path to discovery.
  • #635
  • Feb 23, 2012 2:52am Feb 23, 2012 2:52am
Same Al, GU short at 5688...
  • #636
  • Feb 23, 2012 2:54am Feb 23, 2012 2:54am
Quoting Alorente
GbpUsd in short at 1.5692
I'm with you 1.5687
  • #637
  • Feb 23, 2012 2:57am Feb 23, 2012 2:57am
Good trade prospects waiting for 4th rule:

EurUsd

UsdCad

AudUsd

EurGbp

EurJpy

AudJpy

S&P500 (#EPH2)
Observation is the path to discovery.
  • #638
  • Feb 23, 2012 3:05am Feb 23, 2012 3:05am
Quoting Alorente
I donīt quite agree. If you have a stop placed, letīs say at 20 pips and the news goes against you, you will lose 20 pips. If the news is in your favor, you will make 40 or 50. Good risk/reward.
Please don't forget the possible increased spread.
  • #639
  • Feb 23, 2012 3:06am Feb 23, 2012 3:06am
Repeat of last trade, stopped out for -18 this time....
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  • #640
  • Feb 23, 2012 3:09am Feb 23, 2012 3:09am
Quoting idig4it
Repeat of last trade, stopped out for -18 this time....
Iīm still in -3 pips right now.
Observation is the path to discovery.
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