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Extreme TMA System

  • #6,581
  • Mar 22, 2012 4:28am Mar 22, 2012 4:28am
Quoting normtold
Alorente, I see the 3 waves up on EurUsd starting at 1.3014 on 15th March, then another move to 1.3276, I guess we would call that a test.

Then a move down to 1.3180, wouldn't we call that wave 1? and this move down to 1.3148 wave 2 of the move?
The three waves happen in all time frames. So the waves you are referring to do not negate the waves we may get on an intraday M15 chart.
Observation is the path to discovery.
  • #6,582
  • Mar 22, 2012 4:30am Mar 22, 2012 4:30am
Quoting Meta1
Buenos dias AL,

last three days I was trading with your advices on Demo.
I mean with a live account I'll use a little less Lot.
I´m happy to see that you are getting the hang of the system. With practice your confidence in it will increase and you will get even better day by day.
Observation is the path to discovery.
  • #6,583
  • Mar 22, 2012 4:34am Mar 22, 2012 4:34am
Quoting Alorente
Yes. That is true, but in risk off periods, for reasons that I still don´t understand, people continue to believe that the Japanese Yen is a safe currency. The initial reaction to risk off is to buy Jpy and Usd. I would rather have price reach the bottom H4 band before I buy UsdJpy, but I guarantee you that as soon as it does, I will be all over it.
Thank you Al for answer This shows how much knowledge about market you have and I'm honored to learn from you.
  • #6,584
  • Mar 22, 2012 4:34am Mar 22, 2012 4:34am
Quoting odellcash
I just have to say THANK YOU AL!

I've been the "victim" of huge quick downswings, like we are seeing now in EU and GU and couldn't figure out why or what was happening. I felt helpless at what seemed the crazy whim of the market.

But thanks to AL, and his patient teaching, tips and instructions it was an absolute thing of beauty to see these pairs at the upper H4 band, and "know" that a fall was eminent AND TO BE ABLE TO BE ON THE RIGHT SIDE!!

I have no idea why these haters come in here and bother us, for the most part we are all simply...
Thank you. It is a good feeling to understand how the market works and to begin to see the probable future in its moves. I too used to think that market moves were inherently chaotic and I too felt helpless many times as the tsunami of "capricious" moves used to carry me where I didn´t want to go. Understanding what probably comes next, makes trading a lot of fun and very fulfilling.
Observation is the path to discovery.
  • #6,585
  • Mar 22, 2012 4:35am Mar 22, 2012 4:35am
watch out... possible quick risky scalp.....stop just below 82.635
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 76 KB
  • #6,586
  • Mar 22, 2012 4:35am Mar 22, 2012 4:35am
Quoting Bary
I hate this thread! LOL If I’m away for a day it takes me 4 hours of reading to catch up!
I don’t contribute very much but I just want to share my success since finding this thread, By the way I’ve followed it since the beginning, I’m glad I’m not just jumping into this now…437 pages.
I have not had a losing trade since I started trading Al’s system. I had to use a partial recovery once. I’ve been trading forex for several years and this is the best trading success I’ve ever had.
I trade by the rules. I haven’t taken a lot of trades as...
Thanks for sharing your results. It's a poke in the eye to all the negative posters who have been on here lately. It shows what you can achieve given some positivity and focus. Keep it up!

I've just closed my GBPUSD recovery trade this morning. It only went to level 2 but did take around a week to turn around. It gives me more confidence every time I see this happening.

PB

P.s. I haven't forgotten about the recovery trades spreadsheet. Just been up to my eyes with work all week. I'll finish it and post as soon as possible.
  • #6,587
  • Mar 22, 2012 4:37am Mar 22, 2012 4:37am
Quoting pixelboy
Thanks for sharing your results. It's a poke in the eye to all the negative posters who have been on here lately. It shows what you can achieve given some positivity and focus. Keep it up!

I've just closed my GBPUSD recovery trade this morning. It only went to level 2 but did take around a week to turn around. It gives me more confidence every time I see this happening.

PB

P.s. I haven't forgotten about the recovery trades spreadsheet. Just been up to my eyes with work all week. I'll finish it and post as soon as possible.
Thanks, Pixelboy. It will be a great tool to have. I will use it on every recovery trade I hope "not" to have.
Observation is the path to discovery.
  • #6,588
  • Mar 22, 2012 4:38am Mar 22, 2012 4:38am
EU - looks like we might have some divergence forming on the slope
  • #6,589
  • Mar 22, 2012 4:40am Mar 22, 2012 4:40am
The trouble with Yen and Swiss pairs is you never know when there is going to be bank intervention.
  • #6,590
  • Mar 22, 2012 4:41am Mar 22, 2012 4:41am
Quoting handy148
The trouble with Yen and Swiss pairs is you never know when there is going to be bank intervention.
I don´t believe there will be any more Jpy intervention. They have finally realized that printing excess money is cheaper and more effective than direct intervention.
Observation is the path to discovery.
  • #6,591
  • Mar 22, 2012 4:42am Mar 22, 2012 4:42am
Quoting Alorente
No comment, Pitmutt. People will say what they will say... I can´t help that. I have to keep my eye on the ball and keep doing what I am doing, which is hard enough and time consuming enough. The day the members don´t want me any more, I will wind it down and move on with life, feeling good about what we did here.
I had a bet with my trading buddies that this guy had an agenda. We had a great laugh when that post came in. Have to thank him for the entertainment.
  • #6,592
  • Mar 22, 2012 4:43am Mar 22, 2012 4:43am
Quoting Alorente
Luther, you shouldn´t accuse someone you don´t even know for something you don´t even know he did or not...
Dear Al,

Why did you bother to reply those fools? Ignore them, those ignorants just want to make you very angry, eventually abandon this thread. Please, please don't waste your time responding them; stay focus on the good thing you always do and respond only posts from the people, who know how to appreciate you.

We all still need you and your advice. Thanks again and again...
To excel by continuous learning
  • #6,593
  • Mar 22, 2012 4:44am Mar 22, 2012 4:44am
Hi traders,

I want to share a nice indicator with you that makes it very easy to manage your recovery trades. I have it on the same chart together with the dashboard.

The indi will show all open position and automatically displays the break-even price. So you do not need to do any calculations.

Needless to say that this works only if you have recovery trades in the same account as the initial trade.

Have fun!
Attached File(s)
File Type: mq4 I BREAKEVEN.mq4   6 KB | 631 downloads
  • #6,594
  • Mar 22, 2012 4:46am Mar 22, 2012 4:46am
Quoting Alorente
Luther, you shouldn´t accuse someone you don´t even know for something you don´t even know he did or not.

We have not taken anyone´s copyright info and changed it for ours. This is patently false. Some members of this thread have contributed indicators that they believed were public domain without any intention to damage anyone´s name or reputation.

Please, never forget that in life it is very easy to destroy and very difficult to build. All of us, are building something important here that helps fellow members advance their knowledge of trading....

Hi Al, It is very impressive what you are doing for all of us. Thank you very much for your support and advice. It is your lifetime you invest in all of us.

Such people do not know about helping others. There are always people around who are negative. The 2-3 people are nothing against the hundreds of positive thinking guys in this thread.

Have a really nice day AL !
  • #6,595
  • Mar 22, 2012 4:48am Mar 22, 2012 4:48am
Quoting Olarion1975
Hi traders,

I want to share a nice indicator with you that makes it very easy to manage your recovery trades. I have it on the same chart together with the dashboard.

The indi will show all open position and automatically displays the break-even price. So you do not need to do any calculations.

Needless to say that this works only if you have recovery trades in the same account as the initial trade.

Have fun!
That looks brilliant. Thanks for sharing. I'll still get the spreadsheet sorted out as I don't use MT4 for live trading. I think a spreadsheet could also be handy so you can 'look ahead' to where the later positions need to be entered if price continues to move against you, so you can set up pending orders.

PB
  • #6,596
  • Mar 22, 2012 4:52am Mar 22, 2012 4:52am
Al - you may well be right about Japan, but it is a country that relies almost exclusively on exporting its products and it needs a competitive exchange rate in order to do so - hence plenty of intervention in the past. Does seem fashionable these days however to print monopoly money
  • #6,597
  • Mar 22, 2012 4:52am Mar 22, 2012 4:52am
seems like same guy using different names posting negative remarks, just noticed he is member since oct 2011
A good trader follows his rules, but great trader knows when to break them
  • #6,598
  • Mar 22, 2012 4:53am Mar 22, 2012 4:53am
Quoting pixelboy
That looks brilliant. Thanks for sharing. I'll still get the spreadsheet sorted out as I don't use MT4 for live trading. I think a spreadsheet could also be handy so you can 'look ahead' to where the later positions need to be entered if price continues to move against you, so you can set up pending orders.

PB
Yes, PB. A spreadsheet would be useful anyway, looking forward to it.

Cheers,
Olarion
  • #6,599
  • Mar 22, 2012 4:55am Mar 22, 2012 4:55am
Quoting Alorente
I don´t believe there will be any more Jpy intervention. They have finally realized that printing excess money is cheaper and more effective than direct intervention.
For the AUDJPY traders: I saw this rumour about a possible Toshin next week (large Japanese investment in overseas assets) which would involve billions of Yen being swapped for Aussie dollars.

http://www.forexlive.com/blog/2012/0...hin-next-week/

There are more details here, concerning how price could be affected:

http://www.forexlive.com/blog/2012/0...on-on-toshins/

Something to bear in mind for that pair.

PB
  • #6,600
  • Edited 5:15am Mar 22, 2012 5:03am | Edited 5:15am
Al, Thank you very much for taking time explain this to me.

The one indicator you post here http://www.forexfactory.com/showthre...87#post5445087 it has a copyright for the mladen person and the Extreme TMA line I download in the packet on top page your thread it has different copyright for you but they are same indicator. I just use my eyes to see what is truth. It is not false accuse. So I ask why you do this. That is all.

Yes I am new member ill be back, so are you too! Many people this thread too if you look! Maybe you or many people are same guy making false comments to sell something. Anything can be truth on internet so your attack to me can mean same for you too!



Quoting Alorente
Luther, you shouldn´t accuse someone you don´t even know for something you don´t even know he did or not.

We have not taken anyone´s copyright info and changed it for ours. This is patently false. Some members of this thread have contributed indicators that they believed were public domain without any intention to damage anyone´s name or reputation.

Please, never forget that in life it is very easy to destroy and very difficult to build. All of us, are building something important here that helps fellow members advance their knowledge of trading....
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