OK. If you look at EurUsd now, it quickly went to senter line in two cancles, but look at GbpUsd. It gave you a 3 candle preview of what would happen with EurUsd. Usd Jpy gave you a 2 candle jump on the future. Common pairs are joined at the hip. They are wagons of the same train. One can start moving before the others, but in the end all move. It just so happens that Eur Usd was the last wagon in this train.
What I just told you in the past 30 minutes will make you a lot of money in your Forex trading life if you make it a habit to scan all the pairs until it becomes second nature. Never allow yourself to become fixated on one pair. Like a pilot in the clouds, you have to constantly scan all the instruments. Getting fixated on only one can spell death.
Hope you don't mind if I ask, if price comes down to open your sell stop do you have a S/L above the R2? Or keep open and add at R3.
Ignored
IŽm not crazy about that, because it can hit R2 on the way back, trigger your sell stop, bounce on R2 which is now support and head back to R3. Remember, broken resistance becomes support once you clear it.
The way I analyze AudNzd right now is: If it gets to R3, I sell short. If it doesnŽt I forget about it because R2 is to close. It is very probable that it will test R3.
Please help , just the first day trading this system already +141pips.
Am I dreaming?Thanks a lot Al you really make a different.But i still have
to learn a lot from you guys .
Back to Usd. You just saw how UsdJpy, which happens to be the first wagon in this case, gave you a 15 minute head start on the bullish turn for Usd again. All of the other pairs stalled in their progress and are beginning to turn now.
I am now watching GbpUsd like a hawk. Reason: It is testing FPV which is the most important pivot. In this case I may short even though it is not outside of the band because of the overall strength in Usd and FPV is hard to break.
Good Morning Alorente, In a typical move going from top to bottom of the TMA on the 15M chart incorporates maybe several counter runs against you on the 1M and the 5M - do you watch these at all?
Good Morning Alorente, In a typical move going from top to bottom of the TMA on the 15M chart incorporates maybe several counter runs against you on the 1M and the 5M - do you watch these at all?
Ignored
Yes. I am also trading the M1 TF as we speak. I have 14 winners in a row so far. Most small, around 10 to 15 pips, but they add up nicely. I am testing the system on M1 for the last couple of days while at the same time trading the M15 and publishing those trades.
So if your short on the 15M you'll incorporate shorting when the 1M hit the top of the TMA every time until the 15M hits its goal of the bottom of the TMA
Since the start of this thread, a whopping 7 trading days ago (It seems like a year), I am seeing that the Extrene TMA system with the improvements we have made is a lot easier to trade than it was and much easier than my THV4 system. As you know, the smaller the time frame you trade in, the bigger the profits and the higher the risk and potential loss. I am seeing that M15 is too slow for me with this easier system, so I am considering jumping to M1 or M5 for my trading going forward. As I said yesterday, most of you should start at H1, then graduate to M15 when you are ready. You will know when that moment comes. When you feel like you are watching paint dry, then you are ready to move to a faster TF.
