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Extreme TMA System

  • #6,421
  • Mar 21, 2012 10:11am Mar 21, 2012 10:11am
Quoting tubguy
Very solid advice. Panic, lack of patience & trading to large was my worst enemy for a long time.

Good Trading
Mike
Trading is like being on the battle field. If you panic, you are dead. If you are cool and calculating, you will likely survive the battle.
Observation is the path to discovery.
  • #6,422
  • Mar 21, 2012 10:12am Mar 21, 2012 10:12am
Quoting Alorente
I am again short EurUsd and GbpUsd.
Hi Al,
What Re-entry criteria do you use eg for GU?
I re-entered on 50 % PB of the first thrust down and break of the FPV. am out again (stall).
Thanks
Fullpip
  • #6,423
  • Mar 21, 2012 10:12am Mar 21, 2012 10:12am
Hey Al

I am really getting to grips with your system now,Loving the TMA bands to show the flow of the market thank you for all your support to this thread.

I am Up 185 pips on a/u are you going to close your trade on the touch of the 4hr tma band at around support 2

Thanks
  • #6,424
  • Mar 21, 2012 10:14am Mar 21, 2012 10:14am
You are right if you have luxury to glue your eyes on your screen all the time.

BTW, do you have intention to run Forex Signal service. I bet it will be a great one.

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?.
Follow me to the Promised Land
  • #6,425
  • Mar 21, 2012 10:14am Mar 21, 2012 10:14am
Quoting xlitang
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?
I use M15 but as I get close to my target support area I switch to M5 to zoom into the action and grab every single pip I can. After the exit, I switch back to M15. It takes seconds...
Observation is the path to discovery.
  • #6,426
  • Mar 21, 2012 10:16am Mar 21, 2012 10:16am
Al, could you please post your current gbpusd chart so I can compare it to mine so I can fiddle with all the time settings etc. to make sure I'm set up like you. Thanks Lynn
  • #6,427
  • Mar 21, 2012 10:18am Mar 21, 2012 10:18am
Quoting Fullpip
Hi Al,
What Re-entry criteria do you use eg for GU?
I re-entered on 50 % PB of the first thrust down and break of the FPV. am out again (stall).
Thanks
Fullpip
Now I look for 50% retracement of the last drop from the swing high and enter again.
Observation is the path to discovery.
  • #6,428
  • Mar 21, 2012 10:20am Mar 21, 2012 10:20am
If using TF15, I cannot see the short setup for EU and GU. Could you explain there?

Quoting Alorente
I use M15 but as I get close to my target support area I switch to M5 to zoom into the action and grab every single pip I can. After the exit, I switch back to M15. It takes seconds...
Follow me to the Promised Land
  • #6,429
  • Mar 21, 2012 10:21am Mar 21, 2012 10:21am
Quoting logic38
Hey Al

I am really getting to grips with your system now,Loving the TMA bands to show the flow of the market thank you for all your support to this thread.

I am Up 185 pips on a/u are you going to close your trade on the touch of the 4hr tma band at around support 2

Thanks
I exited Au 3 times already. Last time I entered was at the FPV. Iīm exiting again at S2 or the H1 band.
Observation is the path to discovery.
  • #6,430
  • Mar 21, 2012 10:22am Mar 21, 2012 10:22am
Quoting xlitang
You are right if you have luxury to glue your eyes on your screen all the time.

BTW, do you have intention to run Forex Signal service. I bet it will be a great one.
I donīt now much about the Service. Could you enlighten me please.
Observation is the path to discovery.
  • #6,431
  • Mar 21, 2012 10:23am Mar 21, 2012 10:23am
50% retracement on the 15M or 60M?

thanks in advance.
  • #6,432
  • Mar 21, 2012 10:24am Mar 21, 2012 10:24am
Quoting lbhales
Al, could you please post your current gbpusd chart so I can compare it to mine so I can fiddle with all the time settings etc. to make sure I'm set up like you. Thanks Lynn
Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 31 KB
Observation is the path to discovery.
  • #6,433
  • Mar 21, 2012 10:24am Mar 21, 2012 10:24am
Quoting fire580
50% retracement on the 15M or 60M?

thanks in advance.
15M.
Observation is the path to discovery.
  • #6,434
  • Mar 21, 2012 10:25am Mar 21, 2012 10:25am
Thanks very much, Lynn
  • #6,435
  • Mar 21, 2012 10:25am Mar 21, 2012 10:25am
Quoting Alorente
Trading is like being on the battle field. If you panic, you are dead. If you are cool and calculating, you will likely survive the battle.
Exactly the way my mentor describes it. "The Art of War" is required reading.

Took me a long time to realize that if I keep my positions small enough, I have ammo left to fight with when a position runs against me.

Long EUR/GBP right now with 3 postions. Waiting for the bounce.

Great thread you have here. Have enjoyed hiding in the shadows and reading it.

Keep up the good work.
  • #6,436
  • Mar 21, 2012 10:26am Mar 21, 2012 10:26am
Quoting xlitang
If using TF15, I cannot see the short setup for EU and GU. Could you explain there?
The short setup was the original one at the top of H4. All Iīm doing now is trading the swings.
Observation is the path to discovery.
  • #6,437
  • Mar 21, 2012 10:26am Mar 21, 2012 10:26am
Look at the link below, using this software, people just copy your trade except the lot size. I will be the first one to sign up for your service if the fee is not sky high.

http://www.forexcopier.com/

Quoting Alorente
I donīt now much about the Service. Could you enlighten me please.
Follow me to the Promised Land
  • #6,438
  • Mar 21, 2012 10:29am Mar 21, 2012 10:29am
Quoting xlitang
Look at the link below, using this software, people just copy your trade except the lot size.

http://www.forexcopier.com/
That would really not work because 5 seconds is a long time in swing trading. By the time you copy it it is too late.
Observation is the path to discovery.
  • #6,439
  • Mar 21, 2012 10:32am Mar 21, 2012 10:32am
Quote
Took me a long time to realize that if I keep my positions small enough, I have ammo left to fight with when a position runs against me.
....and that may be the closest thing to trading's elusive Holy Grail
  • #6,440
  • Mar 21, 2012 10:33am Mar 21, 2012 10:33am
Does it say 5 seconds to sync the trades?

Quoting Alorente
That would really not work because 5 seconds is a long time in swing trading. By the time you copy it it is too late.
Follow me to the Promised Land
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