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Extreme TMA System

thx to this recently rally i have close my 2 position in green and 1 in red
Quoting Alorente
Iīm glad, Robert. As far as the pairs, pick the five with the lowest spreads.
Thanks Al I appreciate you.
I'm taking eur/aud short
Quoting penet
I'm taking eur/aud short
Even with the H1 slope in Buy Only?
Quoting bluewatercat
Even with the H1 slope in Buy Only?
Ouch thanks my 1h slope value is missing so I've did not notice that but i will be watching this pari
Quoting Alorente
I am again short EurUsd and GbpUsd.
Dear Al,

Can explain your logic here for these entries??
Follow me to the Promised Land
Quoting bluewatercat
Even with the H1 slope in Buy Only?
You are not reading the posts. penet...
Observation is the path to discovery.
Quoting xlitang
Dear Al,

Can explain your logic here for these entries??
My intention was to hold both to the H4 band, but I saw they stalled badly, EurUsd at the 200 SMA and GbpUsd at S2. I knew they would bounce, so why not sell and go back in cheaper? I call that trading inside of the trade.

I exited EurUsd at 1.3220 and reentered at 1.3250 which equals having held all the time +30 pips.

I exited GbpUsd at 1.5823 and reentered at 1.5853 which equals having held it +30 pips.

Thatīs the logic behind it.
Observation is the path to discovery.
Thanks a lot. I followed your lead and had both opened. Let's know when you exit.

Quoting Alorente
My intention was to hold both to the H4 band, but I saw they stalled badly, EurUsd at the 200 SMA and GbpUsd at S2. I knew they would bounce, so why not sell and go back in cheaper? I call that trading inside of the trade.

I exited EurUsd at 1.3220 and reentered at 1.3250 which equals having held all the time +30 pips.

I exited GbpUsd at 1.5823 and reentered at 1.5853 which equals having held it +30 pips.

Thatīs the logic behind it.
Follow me to the Promised Land
Quoting Alorente
My intention was to hold both to the H4 band, but I saw they stalled badly, EurUsd at the 200 SMA and GbpUsd at S2. I knew they would bounce, so why not sell and go back in cheaper? I call that trading inside of the trade.

I exited EurUsd at 1.3220 and reentered at 1.3250 which equals having held all the time +30 pips.

I exited GbpUsd at 1.5823 and reentered at 1.5853 which equals having held it +30 pips.

Thatīs the logic behind it.
Between initial entry near the top H4 band and final exit at bottom H4 band, I will probably do this 5 or 6 times, making an additional 100 to 200 pips per position as compared to holding all the way.

Those are the kinds of things you need to do to be able to average 4% to 5% a day. You will learn that as you gain experience and self confidence.
Observation is the path to discovery.
Quoting Alorente
Between initial entry near the top H4 band and final exit at bottom H4 band, I will probably do this 5 or 6 times, making an additional 100 to 200 pips per position as compared to holding all the way.

Those are the kinds of things you need to do to be able to average 4% to 5% a day. You will learn that as you gain experience and self confidence.
Next stop, probably S2 on GU and S1 on EU. Iīll get out then most probably as price stalls again.
Observation is the path to discovery.
Looks like we are paid off now. The first time I made some green pips. Thanks.

Are you using high TF most of the time?

Quoting Alorente
Between initial entry near the top H4 band and final exit at bottom H4 band, I will probably do this 5 or 6 times, making an additional 100 to 200 pips per position as compared to holding all the way.

Those are the kinds of things you need to do to be able to average 4% to 5% a day. You will learn that as you gain experience and self confidence.
Follow me to the Promised Land
Out of EU and GU again.
Observation is the path to discovery.
Way to go Al :-)
just let it run with trailing stop 10 pips.
Follow me to the Promised Land
Quoting Alorente
Out of EU and GU again.
So first trade EU + 58 pips and Gu +50 pips

Second trade EU + 54 pips and GU +32 pips.
Observation is the path to discovery.
Quoting Alorente
It is during moments like these when experience helps a lot to remain cool. You see price running away from you and you review the chart over and over again. I say to myself:

"I have seen this many times before. I used to close the trade at the top, just to see it turn finally in my favor. If this move was a solid one, I would see it reflected in the Slope indicator with a breakout above 0.50 and a Green mound forming. It isnīt. I see the H1 TMA outside of H4TMA and H4 is not moving steeply upward. I would not be seeing a Trix divergence and an...
Very solid advice. Panic, lack of patience & trading to large was my worst enemy for a long time.

Good Trading
Mike
Quoting xlitang
just let it run with trailing stop 10 pips.
Why run the risk of getting stopped out on a spike and losing maybe 20 pips each when I am pretty sure they will bounce there based on Fib numbers and support areas?.
Observation is the path to discovery.
Quoting Alorente
Out of EU and GU again.

Good close .. good trades .. got some harmonics coming into play here for EU as well .. nice one Al
You gotta know when to hold 'em, know when to fold 'em ...
Quoting Alorente
Why run the risk of getting stopped out on a spike and losing maybe 20 pips each when I am pretty sure they will bounce there based on Fib numbers and support areas?.
Trailing stops are ok when you are sleeping at night. But I am awake now so why lose the pips?
Observation is the path to discovery.
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