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Attachments: Extreme TMA System
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Extreme TMA System

Here is a link for the ECB press conference http://www.ecb.int/press/tvservices/...120308.en.html
may you find what you seek and trade what you find
Thanks for the insight on my action last night. Good advice for this rookie.
Quoting Favorite
Oh come on! Who is giving up here?

A good trend is like a X-Mas for me! I go to M1 and I scalp the hell out of it! The up-trend? Great! I get in at the lower band and go to the upper band, and with a good trend I can do it again and again and again!
Hey Favorite, you're my hero man, I always have a good time reading your posts, it's a lot of fun for me !

I admire your braveness and ability of scalping M1 charts. I'm just not able to do it.

I hope one day I can be as clever, brave and successfull as you are.

Thanks.
Quoting Alorente
Beto, the way to handle this, as you say, is to understand what is happening in the market at the time of your trade. I communicated to the group that I had sold the 6 day old Euro position. It is obvious that I sold because I didn´t think it was going any lower. I also said in another post that the euro should not be entered long until it was announced that Greece had subscribed the 60% needed on their bond restructuring. They announced yesterday that they already were up to 58% and the Euro took off. No trades should have been entered last night,...
Al, thank you so much for spending your time to give this awesome explanation.

I will make sure I'll read this post over and over till I get brain-washed.

You're brilliant.
Quoting Favorite
Oh come on! Who is giving up here?

A good trend is like a X-Mas for me! I go to M1 and I scalp the hell out of it! The up-trend? Great! I get in at the lower band and go to the upper band, and with a good trend I can do it again and again and again!
That's an excellent plan Favorite. I like the idea of trading the 5m if 15m is ranging and if 15m is trending go down to the 1m and trade only in trend direction. That way you can catch trending and ranging markets.
Quoting frollollc
Hello Al,

I would like to post my developing trading plan for your (or anybody else's) comments. This plan is only for entry, not for management.



Extreme TMA Trading Plan

15 minute time frame dictates allowable trades
Trades are taken on the 5 minute time frame



1. If 15 min time frame slope is BUY ONLY, then
• 5 minute trend long
• 5 minute scalp long

2. If 15 min time frame slope is SELL ONLY, then
• 5 minute trend short
• 5 minute scalp short

[b]3. If...
Looks pretty good but I see no consideration to touching a S/R level especially on the M15.
Barry
Quoting Bary
Looks pretty good but I see no consideration to touching a S/R level especially on the M15.
Thanks for commenting.

I'm not taking the trade from the 15 min chart. The 15 min chart just dictates what trades I can take on the 5 min chart. The 5 min chart does not have S/R requirements.
My Tma normalized scalping indicator on 5M chart has stopped reading the 15M slope - this happen to anyone else?
Quoting fire580
My Tma normalized scalping indicator on 5M chart has stopped reading the 15M slope - this happen to anyone else?

fine here
Hi folks !

I was very astonished,when Al opened this thread because it represents
nearly the same approach I'm using for some time now.
For me I use the TMA as a confirmation to step into trades near major
support and resistance zones.
I use the daily and 4h chart in combination with the 15min one.
To use this trading style successfully you have to take into account
support and resistance and the major daily news events.
Sam Seiden on www.fxstreet.com is the guy who knows a lot about
trading support and resistance !
Nevertheless if used wisely I can't remember a better method....

May the pips with you

Regards

Bernhard
No Trades today on this thread...? Would be great if one of the more expert traders were to post a chart with entry marked...! "NOT LOOKING TO GET INSIDE ANY ONE'S HEAD" just looking a clear entry singal..
I just see a confusing mess, so am not trading.

But perhaps later some clever people will post charts of what they did and that will help see what i should have done.
Hey Rebelheart,

Its NFP day and a friday....Most "expert" scalping traders may be more enticed to stay on the sidelines for clearer weather.

Lionsden
Quoting rebelheart
No Trades today on this thread...? Would be great if one of the more expert traders were to post a chart with entry marked...! "NOT LOOKING TO GET INSIDE ANY ONE'S HEAD" just looking a clear entry singal..
Quoting lionsden
Hey Rebelheart,

Its NFP day and a friday....Most "expert" scalping traders may be more enticed to stay on the sidelines for clearer weather.

Lionsden
It's only Thursday.........
I'm just watching and waiting. I think Al is on the sidelines too, maybe in his kitchen enjoying some fine wines and a selection of nice cheeses, waiting for the market to gather steam again
Tracking the Specialists.
lol....made you blink...I must leave the scotch alone.

Quoting fire580
It's only Thursday.........
Quoting rglenn
Hi Hargiyo

The indi I use is attached but I am sure there are others on this forum which you can search for. This is not part of AL's system but it will help if you want to get more pips from this system and it helps also to confirm direction of market. It doesn't work 100% of the time by the way as when the market is in a small range for the whole day i.e less than 80 pips there is no telling where it will go

All the best
Robert
Thank you,. I'll learn much from you, Al, and other traders in this thread
Quoting rebelheart
No Trades today on this thread...? Would be great if one of the more expert traders were to post a chart with entry marked...! "NOT LOOKING TO GET INSIDE ANY ONE'S HEAD" just looking a clear entry singal..

Absolutely

pictures speak louder than words
Quoting rebelheart
No Trades today on this thread...? Would be great if one of the more expert traders were to post a chart with entry marked...! "NOT LOOKING TO GET INSIDE ANY ONE'S HEAD" just looking a clear entry singal..
L AudCad
S EurAud
Observation is the path to discovery.
L EURCHF
S EURAUD
S EURNZD

not with tma i'm finding the tma entry is'nt clear enough i feel the inexperienced will struggle with this and should look for added s&r areas for entry with clear stops or accounts will burn.

regards
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