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Extreme TMA System

  • #6,601
  • Mar 22, 2012 5:06am Mar 22, 2012 5:06am
Waiting for a pull back to re-enter short.

http://img594.imageshack.us/img594/7285/loliu.jpg
  • #6,602
  • Mar 22, 2012 5:11am Mar 22, 2012 5:11am
Quoting tebis
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 !
Al! With you not only guys, but also ladies. For us you it is even more important.
  • #6,603
  • Mar 22, 2012 5:19am Mar 22, 2012 5:19am
Thanks Bary:
You inspire me seeing results that are so impressive and not being able to do this before Al helped us all so much.

I have had similar results but was ashamed to post them since I have had to use recovery several times from ignorant overtrading. But indeed it always worked like Al says it will. I am learning faster than ever before.

My Ej short is my worse trade and it just paid out after 300 pips or so drawdown. I couldn't look at times and normally would take a big loss but just followed the recovery rules this time to piptopia in the end. Now learning to take the right trade in the first place instead of all the recovery drama.

This is demo but started live trading on Eu; made 45 pips overnight.

Now I've learned to be more selective and the last days' teaching about the breathing and fib retracement may be just what I need to wait till there's really a trade rather than chase Al's trade after he entered 15 pips ago. His teaching is helping me learn how to trade on my own like never before.

I know a man with the love Al has for his fellow man hurts a little when he reads the occassional negative comments expected in a public thread. I admire his great wisdom and faith to rise above this and see the good in what he's doing for so many. Thanks Al!

Steve
Attached Image(s) (click to enlarge)
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  • #6,604
  • Mar 22, 2012 5:19am Mar 22, 2012 5:19am
Quoting Luther
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!...
Luther please, give us some peace.
This indi are for everyone WHO WANTS TO USE THEM as long as they are not sold EVERYTHING IS FINE
Please
M
  • #6,605
  • Mar 22, 2012 5:24am Mar 22, 2012 5:24am
Quoting dorellino
watch out... possible quick risky scalp.....stop just below 82.635
Quoting my own trade....

Tma + Al teaching + Naked Chart Trendline = very nice
  • #6,606
  • Mar 22, 2012 5:25am Mar 22, 2012 5:25am
Quoting stevewide
Thanks Bary:
You inspire me seeing results that are so impressive and not being able to do this before Al helped us all so much.

I have had similar results but was ashamed to post them since I have had to use recovery several times from ignorant overtrading. But indeed it always worked like Al says it will. I am learning faster than ever before.

My Ej short is my worse trade and it just paid out after 300 pips or so drawdown. I couldn't look at times and normally would take a big loss but just followed the recovery rules this time to piptopia...
Nice one Steve, you said it better than I could, very eloquent.
  • #6,607
  • Mar 22, 2012 5:30am Mar 22, 2012 5:30am
Quoting dorellino
Quoting my own trade....

Tma + Al teaching + Naked Chart Trendline = very nice
without crapy people extra nice
A good trader follows his rules, but great trader knows when to break them
  • #6,608
  • Mar 22, 2012 5:39am Mar 22, 2012 5:39am
Quoting Luther
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...
Paradox, buddy. If what Luther is saying is correct, please remove the copyright info and repost it. I will exchange the indicator in the packet files once you do that. I don´t know anything about MT4 code and I am too old to learn, or I would do it myself.

Thanks friend.
Observation is the path to discovery.
  • #6,609
  • Mar 22, 2012 5:41am Mar 22, 2012 5:41am
Quoting kumu
Waiting for a pull back to re-enter short.

http://img594.imageshack.us/img594/7285/loliu.jpg
Good deal. I expect the retracement will reach only to the S1 resistance level. Maybe only to the yL level.
Observation is the path to discovery.
  • #6,610
  • Mar 22, 2012 5:42am Mar 22, 2012 5:42am
Hi everybody here. This is a wonderful thread.
As I am really newbie, could someone explain me how to recover from a bad trade which went against my position. Thanks in advance. (Also what is needed for that ? And should you have a lot of money in your account ?)
  • #6,611
  • Mar 22, 2012 5:43am Mar 22, 2012 5:43am
Quoting starola
Al! With you not only guys, but also ladies. For us you it is even more important.
Thanks, Starola. I learned long ago that having the ladies on your side is very important...
Observation is the path to discovery.
  • #6,612
  • Mar 22, 2012 5:47am Mar 22, 2012 5:47am
Quoting stevewide
Thanks Bary:
You inspire me seeing results that are so impressive and not being able to do this before Al helped us all so much.

I have had similar results but was ashamed to post them since I have had to use recovery several times from ignorant overtrading. But indeed it always worked like Al says it will. I am learning faster than ever before.

My Ej short is my worse trade and it just paid out after 300 pips or so drawdown. I couldn't look at times and normally would take a big loss but just followed the recovery rules this time to piptopia...
Great results, Steve !! I am very proud of you. Yes, please try to be more selective with your trades. I know it is hard, but please remember that you don´t have to be in a trade all the time. It is much more important to conserve your old money than to make new one.
Observation is the path to discovery.
  • #6,613
  • Mar 22, 2012 5:47am Mar 22, 2012 5:47am
Quoting Bary
I hate this thread! LOL If I’m away for a day it takes me 4 hours of reading to catch up!

PS: I still can't get the dashboard working on my new computer, 4 core processor. 8gb ram. It works on my laptop.
Again, if you tell me what broker you are using, I can check it. I've run the dashboard on dozens of MT4 terminals, and I have yet to find one that it does not work on.

Sometimes MT4 needs to be poked and prodded to work. And sometimes its a user who does not know how to use his terminal.

Carl
  • #6,614
  • Mar 22, 2012 5:50am Mar 22, 2012 5:50am
I propose that everyone make a donation to The Alorente Pimp Fund where after the required funds are received we fly all the lady traders that follow the Extreme TMA thread to his house in Spain where they will spend a week serenading him, cooking him dinner and generally attending to his every whim and desire.

A webcam will be set up so we can all watch the good times go down. All in favour, say 'I'.

I.
  • #6,615
  • Mar 22, 2012 5:55am Mar 22, 2012 5:55am
Quoting Jemook
I propose that everyone make a donation to The Alorente Pimp Fund where after the required funds are received we fly all the lady traders that follow the Extreme TMA thread to his house in Spain where they will spend a week serenading him, cooking him dinner and generally attending to his every whim and desire.

A webcam will be set up so we can all watch the good times go down. All in favour, say 'I'.

I.
  • #6,616
  • Mar 22, 2012 5:59am Mar 22, 2012 5:59am
Quoting effluvium
Hi everybody here. This is a wonderful thread.
As I am really newbie, could someone explain me how to recover from a bad trade which went against my position. Thanks in advance. (Also what is needed for that ? And should you have a lot of money in your account ?)
1) Recover is possible (not 100% sure) if the size of your position was small. You can read the recovery docs that Al has posted on this thread
2) if you did use high leverage you are going to be in trouble, then close it, accept the loss and next time use a smaller size
3) Lot of money? Noooooo!! First make money with pennies
4) It takes time, pain, time, pain, time, pain. Study and trade with real money very, very little money. Demo trade to learn the system, trade real to learn the pain.
5) I Never use a size bigger than 5 time my account. NEVER NEVER NEVER
I used to trade with sizes 50 times bigger ....and I lost all.
If you are a newby just go 1:1
Godspeed
  • #6,617
  • Mar 22, 2012 6:04am Mar 22, 2012 6:04am
Quoting dorellino
1) Recover is possible (not 100% sure) if the size of your position was small. You can read the recovery docs that Al has posted on this thread
2) if you did use high leverage you are going to be in trouble, then close it, accept the loss and next time use a smaller size
3) Lot of money? Noooooo!! First make money with pennies
4) It takes time, pain, time, pain, time, pain. Study and trade with real money very, very little money. Demo trade to learn the system, trade real to learn the pain.
5) I Never use a size bigger than 5 time my account. NEVER...
It is a good point you make about limiting your leverage. I have been trading all my life and I limit leverage to 50:1, which in reality is 25:1 since I only use 1/2 of my account and keep the other half in reserve. High leverage is the number one cause of your account possibly blowing up.
Observation is the path to discovery.
  • #6,618
  • Mar 22, 2012 6:06am Mar 22, 2012 6:06am
Quoting Jemook
I propose that everyone make a donation to The Alorente Pimp Fund where after the required funds are received we fly all the lady traders that follow the Extreme TMA thread to his house in Spain where they will spend a week serenading him, cooking him dinner and generally attending to his every whim and desire.

A webcam will be set up so we can all watch the good times go down. All in favour, say 'I'.

I.
Reading your post gives me a weird feeling. Kinda like the way I do when watching a show about cults. Haha. Now here, everyone drink this punch.
  • #6,619
  • Mar 22, 2012 6:11am Mar 22, 2012 6:11am
Here is a Daily TMA chart of EurUsd that gives you a pretty good idea of where I expect EurUsd will go. As you can see, we are near the top of a very long runup. Price is around the center of the daily TMA. I not only expect it to go down to the bottom band, but after that, to start turning the TMA channel downward to follow the orange channel lines that I have drawn. If you analyze the lines, you will see that it projects EU to be down around 1.17 by this upcoming month of June. If that comes to be and we are on the right side of the trade, that amounts to a whole lot of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd - daily tma.jpg Size: 64 KB
Observation is the path to discovery.
  • #6,620
  • Mar 22, 2012 6:14am Mar 22, 2012 6:14am
Quoting dorellino
watch out... possible quick risky scalp.....stop just below 82.635
Hi, Dorelino,.
I'm sorry for the question,.
what do you mean?
will usdjpy go down further?
82.00?
thanks
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