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Extreme TMA System

  • #2,701
  • Mar 2, 2012 3:27am Mar 2, 2012 3:27am
[quote=Ever E. Man;5437210]
Quoting Alorente
...As I have said several times, it is much more important to not lose money in this profession than to make money. Losing money dents your confidence, and that cannot be allowed to happen if you want to be a successful trader.[/quote]

Too late for that!

Not exactly right, though, is it? Almost all great traders (including you?) tend to blow out their accounts learning the ropes, don't they?!

Perhaps, you'll never become a successful trader unless you perservere after you blow out your account, and...
Ever, it was different then. The internet did not exist and trading was a much lonelier affair in those days. Yes you did read books and occasionally exchanged thoughts with another trader, but nothing like today. I honestly feel that if I had started trading in these times, I would have saved myself from years of mental and psychological torture and would have avoided losing quite a bit of cash too.
Observation is the path to discovery.
  • #2,702
  • Mar 2, 2012 3:28am Mar 2, 2012 3:28am
Quoting Alorente
Please, be very careful betting against USD in the following days. It is clearly gathering strength. All my charts are pointing north for the dollar. That doesnīt mean you shouldnīt trade against it if the system rules are met, but be conservative on the size of your bets.
Does trade with USD mean buy E/U sell U/J?
.... laughing all the way to the bank
  • #2,703
  • Mar 2, 2012 3:31am Mar 2, 2012 3:31am
Quoting amiralifx
hi my buddy

excuse me . i know your 4 rules. but i dont trade becuase i dont know what my triger?

you enter on your experience. please help us to khonw final rules and help me to write trade plan for good trades.

good luck

youe sincerly
Your trigger is the test of the resistance level for shorts and the support levels for longs. It is prudent to allow PA to test the S/R at least on two occasions or two candles before jumping in, to be more confident that it will not break through.
Observation is the path to discovery.
  • #2,704
  • Mar 2, 2012 3:37am Mar 2, 2012 3:37am
[quote=Alorente;5437183][quote=Ever E. Man;5437152]

...At some point, you and I have to meet over drinks in Naples...Do you know the Bookers of Naples? Cindy and Eric....[quote]

That would be a treat!

I don't know the Bookers, but Naples has grown quite large in the 19 years that we've live here.

Besides, my wife is the one who knows a lot of people. All I ever do is stay on the computer and try to figure out trading!

And, of course, you more than deserve the compliments! We have to stay honest, don't we?
The mind thinks, the heart knows...
  • #2,705
  • Mar 2, 2012 3:37am Mar 2, 2012 3:37am
Sorry for this unrelated question experienced guys !

But which pair do you think have much more influence on EUR and USD ?!

a few week ago i have tried to code an indicator which calculate the fluctuation of Gold , oil JPY ,EUR and (chinese Yuan) to figure out the relativeness and impression on USD but nothing was so clear to me even in long trends !


do you think some think else(except news and bank rates etc) will cause the USD and EUR to respond to the difference currencies ?!

As always AL says , we should have a good comprehension of Important currency like USD in their trends , so if we can analyze these pairs seperatly ( not like what CCP indicator or sigtrader do) we can then gain a good basket of trading for different days
  • #2,706
  • Mar 2, 2012 3:40am Mar 2, 2012 3:40am
Quoting itsallover
Does trade with USD mean buy E/U sell U/J?
No. Means selling the euro every chance you get on every pair and buying the Usd every chance you get also. That doesnīt mean you will not have periods of consolidation for both, but these will be time based more than priced based. Price WILL travel from band to band regardless, but it can do it in a horizontal fashion like Euro did last night. On the M15 chart you can see clearly how euro reached the opposite band horizontally. That is why it doesnīt pay to be long. I mentioned this the other day with the 2 Formations that I discussed. This was one of them. A big money maker for me. A horizontal base to the opposite wall and a continuation of the previous move when reaching it. Try to fish out that post of the 2 Formations, print out the charts I attached and keep them nearby. You will make a lot of winning trades when you use these two.
Observation is the path to discovery.
  • #2,707
  • Edited 3:47am Mar 2, 2012 3:44am | Edited 3:47am
AL ... you are doing a great job but i BELIEVE your system needs just one more indicator to save people from entering wrong trades. it is the CCI divergence indicator on FOREX CUBE's CLOSED THREAD.

rules .....
SELL only if you have a pending level 2 bearish divergence on the immediate larger time frame and buy if u have a pending level 2 buy signal on the larger time frame.

assuming you are trading 15 mins chart, watch out for 30 mins for a level 2 pending bearish divergence before selling.... i am trading h4 charts so i wait for level 2 pending bearish divergence on daily signal before selling all signals being equal..

this way u make a lot of money easily... only exit trade when the divergence turns level 2 bullish. SO easy.here is a chart. try it. i believe it is the only missing piece in your jigsaw puzzle.

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  • #2,708
  • Mar 2, 2012 3:44am Mar 2, 2012 3:44am
Quoting shahrooz67
Sorry for this unrelated question experienced guys !

But which pair do you think have much more influence on EUR and USD ?!

a few week ago i have tried to code an indicator which calculate the fluctuation of Gold , oil JPY ,EUR and (chinese Yuan) to figure out the relativeness and impression on USD but nothing was so clear to me even in long trends !


do you think some think else(except news and bank rates etc) will cause the USD and EUR to respond to the difference currencies ?!

As always AL says , we should have a good comprehension of Important...
I would say that the S&P500 will have the most influence on Eur and Usd right now. If S&P begins to drop as I expect it will, you will see the euro drop even more and the dollar rise. I expect a 5% correction for the S&P in the coming days. The NFP number may be the trigger, but it could be anything. The technicals demand a drop. Itīs just a matter of when at this time. Not a huge drop. Just a healthy 5% correction.
Observation is the path to discovery.
  • #2,709
  • Mar 2, 2012 3:48am Mar 2, 2012 3:48am
Quoting Alorente
Try to fish out that post of the 2 Formations, print out the charts I attached and keep them nearby. You will make a lot of winning trades when you use these two.
this one: http://www.forexfactory.com/showthre...86#post5422186
  • #2,710
  • Mar 2, 2012 3:48am Mar 2, 2012 3:48am
Quoting Alorente
I would say that the S&P500 will have the most influence on Eur and Usd right now. If S&P begins to drop as I expect it will, you will see the euro drop even more and the dollar rise. I expect a 5% correction for the S&P in the coming days. The NFP number may be the trigger, but it could be anything. The technicals demand a drop. Itīs just a matter of when at this time. Not a huge drop. Just a healthy 5% correction.

WOW how it is possible!

I totally forgot about S&P !
Real nice Idea let see what happens so !
  • #2,711
  • Mar 2, 2012 3:53am Mar 2, 2012 3:53am
Itīs interesting that you mention this. I am deeply immersed in ForexCubeīs CCI work right now. Carl mentioned it to me and I admire Carlīs opinions very much, so I decided to look into it. I just havenīt had the time to complete my research about it, but I like what I am reading. It is very much in sync with my long held views. When I am done with it, I will evaluate the way in which we can improve the system with CCI if necessary. At the same time, we have to be careful in adding too much to a system that has given me 33 straight winners since I changed the rules (counting AudUsd this morning). Itīs difficult to improve on 100%... I just had a message from X-Man, a great trader who is also seeing great success. He calls the system an "excellent scalping machine". One step at a time...
Observation is the path to discovery.
  • #2,712
  • Mar 2, 2012 3:55am Mar 2, 2012 3:55am
Quoting Alorente
No. Means selling the euro every chance you get on every pair and buying the Usd every chance you get also. That doesnīt mean you will not have periods of consolidation for both, but these will be time based more than priced based. Price WILL travel from band to band regardless, but it can do it in a horizontal fashion like Euro did last night. On the M15 chart you can see clearly how euro reached the opposite band horizontally. That is why it doesnīt pay to be long. I mentioned this the other day with the 2 Formations that I discussed. This was...
A class post.
Thanx for all you do Al.
.... laughing all the way to the bank
  • #2,713
  • Mar 2, 2012 4:00am Mar 2, 2012 4:00am
Quoting pipnaija
AL ... you are doing a great job but i BELIEVE your system needs just one more indicator to save people from entering wrong trades. it is the CCI divergence indicator on FOREX CUBE's CLOSED THREAD.
Please post that indicator here.
I never heard of it but since most of my entries go bad although rules met at entry , I certainly would be happy to have an additional filter.

Right now I am in drawdown in EURAUD , GBPJPY, USDCHF, EURUSD and GBPUSD and if the correction comes Al is talking about, it will get worse at NFP release.
  • #2,714
  • Mar 2, 2012 4:04am Mar 2, 2012 4:04am
Quoting fxtr51
Please post that indicator here.
I never heard of it but since most of my entries go bad although rules met at entry , I certainly would be happy to have an additional filter.

Right now I am in drawdown in EURAUD , GBPJPY, USDCHF, EURUSD and GBPUSD and if the correction comes Al is talking about, it will get worse at NFP release.
Please, do not post the indicator. I have them all. Let me finish the review I am doing on CCI before posting anything more about it. It will confuse everyone making them think that it is already a part of the system. Give me a few days, please... Patience, guys...
Observation is the path to discovery.
  • #2,715
  • Mar 2, 2012 4:05am Mar 2, 2012 4:05am
Quoting Alorente
Ever, it was different then. The internet did not exist ...if I had started trading in these times, I would have saved myself from years of mental and psychological torture and would have avoided losing quite a bit of cash too.
The more things change, the more they remain the same, es verdad?

People still blow out their accounts today, just like they did then. (Believe me, I know! )

And perhaps, we need to in order to learn to control our greed, arrogance, etc. and gain patience and discipline.

Anyway, you and the other wise traders here are a beacon in a sea of misguided information! Really!

Of course, you could probably make more money selling your system than trading!

And you are giving it away! But, there is a special place in Heaven waiting for you, and at our age, we think about that, don't we?

One foot in this world, and one in the next. (I think my foot in this world may be resting on a banana peel. )
The mind thinks, the heart knows...
  • #2,716
  • Mar 2, 2012 4:06am Mar 2, 2012 4:06am
There may be a rebound in EurUsd to center line off S3. I donīt think it will make it to the opposite band, though.
Observation is the path to discovery.
  • #2,717
  • Mar 2, 2012 4:07am Mar 2, 2012 4:07am
hello pipnaija how can i get CCI divergence indicator on FOREX CUBE's CLOSED THREAD. Thanks .
  • #2,718
  • Mar 2, 2012 4:39am Mar 2, 2012 4:39am
Quoting Ever E. Man
The more things change, the more they remain the same, es verdad?

People still blow out their accounts today, just like they did then. (Believe me, I know! )

And perhaps, we need to in order to learn to control our greed, arrogance, etc. and gain patience and discipline.

Anyway, you and the other wise traders here are a beacon in a sea of misguided information! Really!

Of course, you could probably make more money selling your system than trading!



And you are giving it away! But, there is a special place in Heaven...
Iīve already made my money. Iīm not interested in living the rat race anymore. And Iīm not "giving it away". I receive as much from all of you as you may be receiving from me. Maybe more...
Observation is the path to discovery.
  • #2,719
  • Mar 2, 2012 4:42am Mar 2, 2012 4:42am
Quoting Tiwa
hello pipnaija how can i get CCI divergence indicator on FOREX CUBE's CLOSED THREAD. Thanks .
Wow !! There is no stopping this, I see... Everyone seems so much in a hurry to make money. Take it easy... As they say in Spain: "Please, dress me slowly because Iīm in a hurry."
Observation is the path to discovery.
  • #2,720
  • Mar 2, 2012 4:44am Mar 2, 2012 4:44am
Please search. this is my first time on Al's thread. he said i should not post before people get confused. Besides i see EUSD falling another 200+ pips unless weekend manipulations take place...else we are going down without brakes.. its forex and anything can happen.

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