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Extreme TMA System

  • #6,621
  • Mar 22, 2012 6:17am Mar 22, 2012 6:17am
Quoting Alorente
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.
Attached File(s)
File Type: rar TABLA Monto-Lote-Pip.rar   33 KB | 612 downloads
  • #6,622
  • Mar 22, 2012 6:19am Mar 22, 2012 6:19am
Quoting evolution9
don't listen to the mutt Al. it seems that no one is paying them attention else where so they come to disrupt this site. i have never been as profitable since i have been taught by Al and i have been to a few sites here. why do you think so many people visit this site. RESULTS!
thanks Al.
I totally agree with you Evolution. This Thread has taught more than all the previous two years when I started in Forex. I am becoming a better and more refined trader thanks to Alfredo.

Bye
If I Change, the whole World changes!
  • #6,623
  • Mar 22, 2012 6:19am Mar 22, 2012 6:19am
Quoting Alorente
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.
Question I've been thinking about; a day or so ago you entered a trade (I think it was Au short) and then reentered when it went against you around 30 pips or so. I could look back at posts and find it but don't need the details to ask:

Why did you reenter before 100 pips drawdown? Didn't that violate your recovery rules? Or did you use 1/2 the lot size required to use recovery? Or would you have taken a loss on the last entry if the first entry went 100 pips against you?

Thanks Al for your thoughts on this.

Steve
  • #6,624
  • Mar 22, 2012 6:20am Mar 22, 2012 6:20am
Quoting hargiyo84
Hi, Dorelino,.
I'm sorry for the question,.
what do you mean?
will usdjpy go down further?
82.00?
thanks
Hi,
nope....
If you know about S/R, that is a supporting trend line. So the idea is to buy around that level and place a hard stop just below it.
It's still valid now.
No one knows where UJ will go, that is for sure!!
Thanks
Max
  • #6,625
  • Mar 22, 2012 6:21am Mar 22, 2012 6:21am
Here is a 4 TMA chart of Usd Jpy that includes the Daily TMA (Blue), and a Daily TMA by itself with trendline projections. As you can see, Price is way above the upper band of the Daily. It must come down, even though I do expect the Daily channel will do a lot of repainting upward. Still, when it does come down, you can see the amazing potential of this trade, as we head up to 120 which I expect will happen in the next 18 months.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 72 KB
Click to Enlarge Name: usdjpy daily.jpg Size: 66 KB
Observation is the path to discovery.
  • #6,626
  • Mar 22, 2012 6:24am Mar 22, 2012 6:24am
Hi Al, as we know that au,gu eu is an high atr currency, where does usdchf,usdjpy,nzdusd lies? are they low atr currency? thx
  • #6,627
  • Mar 22, 2012 6:25am Mar 22, 2012 6:25am
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 results Steve. Thanks for sharing.

PB
  • #6,628
  • Mar 22, 2012 6:27am Mar 22, 2012 6:27am
Quoting stevewide
Question I've been thinking about; a day or so ago you entered a trade (I think it was Au short) and then reentered when it went against you around 30 pips or so. I could look back at posts and find it but don't need the details to ask:

Why did you reenter before 100 pips drawdown? Didn't that violate your recovery rules? Or did you use 1/2 the lot size required to use recovery? Or would you have taken a loss on the last entry if the first entry went 100 pips against you?

Thanks Al for your thoughts on this.

Steve
Something I haven´t mentioned yet, is that sometimes, when I am not sure of my entry point, I stagger my entry into 3 entries of 1/3 of my position each. What you saw in that post was one of those entries. While I stagger my entries ocasionally, I never do the same with exits. When I decide to jump ship, I do. No ifs, ands or buts.
Observation is the path to discovery.
  • #6,629
  • Mar 22, 2012 6:29am Mar 22, 2012 6:29am
Quoting jain028
Hi Al, as we know that au,gu eu is an high atr currency, where does usdchf,usdjpy,nzdusd lies? are they low atr currency? thx
I decided on 70 ATR to be the dividing line between High and Low ATR.
Observation is the path to discovery.
  • #6,630
  • Mar 22, 2012 6:31am Mar 22, 2012 6:31am
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....
Actually, I rarely go 5 times my account. Only for risky scalps with tight stops and with some years of experience.
I correct myself if you are a newby go with size 1/10 of your account
Max
  • #6,631
  • Mar 22, 2012 6:39am Mar 22, 2012 6:39am
Quoting Alorente
I decided on 70 ATR to be the dividing line between High and Low ATR.
thanks AL
  • #6,632
  • Mar 22, 2012 6:43am Mar 22, 2012 6:43am
Quoting crodzilla
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
Thx for responding Carl.
My broker is ATC brokers. But like I said it works fine on my laptop which I've been using all along. I bought new puter and downloaded all the indi's and they all work except the dashboard. I tried delete/reinstall a few times and can't figure it out yet. Something with the new puter?
One thing I also have to do on the laptop is when I first start MT4 the dashboard is blank, I just change TF and it fills in.
Thx again for all your time and effort.
Barry
  • #6,633
  • Mar 22, 2012 6:46am Mar 22, 2012 6:46am
EU - Coral is red and pointing slightly down and is below 200 MA.

TMA 15 is pointing down.

Trix still pointing up.

Has been trying hard to get a candle close > S2 so far without success.
  • #6,634
  • Mar 22, 2012 6:51am Mar 22, 2012 6:51am
Quoting handy148
EU - Coral is red and pointing slightly down and is below 200 MA.

TMA 15 is pointing down.

Trix still pointing up.

Has been trying hard to get a candle close > S2 so far without success.
So far we only retraced to Fib 23.6 from the low. I have just reentered the short, because I am afraid of missing the next leg down. We may not get to 38.2% retracement. Eur is very weak now. Same applies to GbpUsd. I reentered that short also. I "saved" +20 pips in each pair from simply holding.
Observation is the path to discovery.
  • #6,635
  • Mar 22, 2012 6:54am Mar 22, 2012 6:54am
Quoting Alorente
We just broke the neckline of a perfect Head & Shoulders formation on M15. The minimum projected distance of the fall will be around H4 lower band. Another confirmation that this move is for real.
Hello Al, Please educate newbie like me
If this is the case of the chart euusd, what kind of trading you prefer?
sell or buy?
if we look at tma h1 or m15 should be buy

thank you
  • #6,636
  • Mar 22, 2012 6:55am Mar 22, 2012 6:55am
http://forexblog.oanda.com/20120322/eur-to-rollover/
  • #6,637
  • Edited 7:11am Mar 22, 2012 7:02am | Edited 7:11am
Quoting Alorente
Good suggestion. I´m not much better than you with Excel. Maybe we can get a volunteer...
Hi Al,

Thank you for all your teachings and sharing. This small contribution doesn't even register on the scale compare to what your have given. The sheet is protected to prevent accidental over-writing of the formulas. Enter the required information, print it out and having it beside you as you trade. Shout out if there any errors or bugs.

Cheers
Attached File(s)
File Type: xls 1-1-2-4 Recovery System.xls   22 KB | 665 downloads
  • #6,638
  • Mar 22, 2012 7:16am Mar 22, 2012 7:16am
[quote=dorellino;5501773]1) 4) It takes time, pain, .... very little money. Demo trade to learn the system, trade real to learn the pain.
I like this a lot , i lost 4 account and a wife for 2004 -2010, now from 2 year i"m profitable.
  • #6,639
  • Mar 22, 2012 7:17am Mar 22, 2012 7:17am
Quoting Alorente
So far we only retraced to Fib 23.6 from the low. I have just reentered the short, because I am afraid of missing the next leg down. We may not get to 38.2% retracement. Eur is very weak now. Same applies to GbpUsd. I reentered that short also. I "saved" +20 pips in each pair from simply holding.
So Al the 15m and 1H tf's indicate longs to me and they are at resistance but the coral and 200ma interplay (123 breathing) show going short. You chose to go short, also against the trix. Meaning your experience is that 123 breathing is the more powerful driver of the next move because of the ebb and flow or wave of trading? Lynn
  • #6,640
  • Mar 22, 2012 7:19am Mar 22, 2012 7:19am
[quote=lucatony29;5502110]
Quoting dorellino
1) 4) It takes time, pain, .... very little money. Demo trade to learn the system, trade real to learn the pain.
I like this a lot , i lost 4 account and a wife for 2004 -2010, now from 2 year i"m profitable.
Now that you are profitable. Have you gain a wife or a girl-friend? LOL
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