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Extreme TMA System

  • #6,941
  • Mar 23, 2012 11:10am Mar 23, 2012 11:10am
I am out.

6% today

Good weekend for all!

L.
  • #6,942
  • Mar 23, 2012 11:11am Mar 23, 2012 11:11am
We better trade using M15 TMA and use M5 and H1 to confirm. Trading H4 with
a lot noise is stressful.
Follow me to the Promised Land
  • #6,943
  • Mar 23, 2012 11:15am Mar 23, 2012 11:15am
Quoting xlitang
We better trade using M15 TMA and use M5 and H1 to confirm. Trading H4 with
a lot noise is stressful.
Xlitang,

I agree. I have had a lot more success scalping M5 using M15 and H1 for direction. Using a 5 pip TP and 10 pip SL I am 17 for 19. And having such a tight SL allows be to trade much larger as the potential drawdown to my account value is still only about 1%.

William
may you find what you seek and trade what you find
  • #6,944
  • Mar 23, 2012 11:16am Mar 23, 2012 11:16am
Agree.... 15M is probably the best
  • #6,945
  • Mar 23, 2012 11:17am Mar 23, 2012 11:17am
Just dropped my E/U for a few pips profit. The end of the London session is usually where my interest drops off and sometimes sends price a bit crazy for a few moments.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,946
  • Edited 11:26am Mar 23, 2012 11:26am | Edited 11:26am
Quoting faxxion
Xlitang,

I agree. I have had a lot more success scalping M5 using M15 and H1 for direction. Using a 5 pip TP and 10 pip SL I am 17 for 19. And having such a tight SL allows be to trade much larger as the potential drawdown to my account value is still only about 1%.

William

I am with you William I even look at M1 to see early signs of PA Exhaustion for entry and exit management but I use an 8 pip stop and target 10-13 pips profit and that works well for me.

Robert
  • #6,947
  • Mar 23, 2012 11:29am Mar 23, 2012 11:29am
Quoting Surfnomad
I am with you William I even look at M1 to see early signs of PA Exhaustion for entry and exit management but I use an 8 pip stop and target 10-13 pips profit and that works well for me.

Robert
Are you guy do both trend and counter trend?
Follow me to the Promised Land
  • #6,948
  • Edited 11:44am Mar 23, 2012 11:42am | Edited 11:44am
Quoting xlitang
Are you guy do both trend and counter trend?

I counter trade only at what I consider extremes and supported technically. For example I started going long EU yesterday at 10am eastern when price was outside lower H1 band and way lower than M15 band when price failed to make a lower low and was contained by the 61.8% ret. of that initial ret. move up after that strong move down, and it turned out well. It just depends though I rely heavy on fibs they have been good to me. There was also clear divergence on the H1 lows on the trix.

Hope that helps & its just the way I trade I am not reccommending it for anyone else. Just answering your question.
  • #6,949
  • Mar 23, 2012 11:44am Mar 23, 2012 11:44am
Long USDCAD, Short AUDUSD both closed. 19 for 21.
may you find what you seek and trade what you find
  • #6,950
  • Mar 23, 2012 11:48am Mar 23, 2012 11:48am
Quoting faxxion
Long USDCAD, Short AUDUSD both closed. 19 for 21.
21 pips on AudUsd short, well done.I sold at 1.04493 after M15 candle closed red p, so you must have got in much earlier than I did, maybe because I saw in your last post you use M5.
Editing to add I just flicked to 5M AudUsd and I can see where you got a better entry but the TMA slope is buy only at 0.67.
  • #6,951
  • Mar 23, 2012 11:48am Mar 23, 2012 11:48am
Quoting N11
Well the number of pages in the topic doesnt mean much

I would much rather see a consistent 400+ pip profit on live account each month

Has anyone credible posted any proof of this method working?
Oh My God!!!

It is my childhood dream: to prove something to the guy named N11... And now this dream is going to come true!!! I just can't wait to show my statement!

N11, maybe you prefer all of us giving to you our bank accounts' numbers, ATM cards, PINs? Don't be shy, why not?

Dude, I have a news for you: nobody is going to prove anything to you! We are not your servants! Nobody cares whether you start trading this system or not. Frankly speaking I don't give a rat's ass about that! If you want to trade this system - do what we all did, trade demo and look at the results!

I looked at your Trade Explorer, in 3 months you made (on demo!!!) 2.5%. So it is impossible for you to think that somebody can make these 2.5% in one day...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #6,952
  • Mar 23, 2012 11:53am Mar 23, 2012 11:53am
True Favorite, that's what I was thinking, Alorente is giving his time and experience to all of us free if we want to listen.He is not charging us any money or forcing us to use this method so join in if you want to on demo and see for yourself how you get on.
  • #6,953
  • Mar 23, 2012 11:56am Mar 23, 2012 11:56am
Quoting Surfnomad
I am with you William I even look at M1 to see early signs of PA Exhaustion for entry and exit management but I use an 8 pip stop and target 10-13 pips profit and that works well for me.

Robert
Hey Surfer Dude,

Do you use the CaveManager for entering your TP and SL. I have a M5 template set up for scalping with the CaveManager attached. All of the settings are turned to false. That means all you have left is your TP and SL settings. This is setup on all the charts I have open. All I have to do is make the trade and walk away. Very low stress.

William
may you find what you seek and trade what you find
  • #6,954
  • Mar 23, 2012 11:56am Mar 23, 2012 11:56am
the fact of the matter is my result is mine and your is yours. They could be totally differently even using the same system because of different people.
Follow me to the Promised Land
  • #6,955
  • Mar 23, 2012 11:58am Mar 23, 2012 11:58am
Quoting normtold
21 pips on AudUsd short, well done.I sold at 1.04493 after M15 candle closed red p, so you must have got in much earlier than I did, maybe because I saw in your last post you use M5.
Editing to add I just flicked to 5M AudUsd and I can see where you got a better entry but the TMA slope is buy only at 0.67.
Hello Norm,

I wish it was for 21 pips. I scalped it just for 5 pips. What I meant when I said 19 for 21 is that out of my last 21 trades, 19 were profitable and 2 were stopped out.

I am glad to hear from you again and happy for your success.

William
may you find what you seek and trade what you find
  • #6,956
  • Mar 23, 2012 12:00pm Mar 23, 2012 12:00pm
Quoting Surfnomad
I am with you William I even look at M1 to see early signs of PA Exhaustion for entry and exit management but I use an 8 pip stop and target 10-13 pips profit and that works well for me.

Robert
Hello Robert,

It seems we are on the same page.

Good Trading,

William
may you find what you seek and trade what you find
  • #6,957
  • Mar 23, 2012 12:03pm Mar 23, 2012 12:03pm
Quoting faxxion
Hey Surfer Dude,

Do you use the CaveManager for entering your TP and SL. I have a M5 template set up for scalping with the CaveManager attached. All of the settings are turned to false. That means all you have left is your TP and SL settings. This is setup on all the charts I have open. All I have to do is make the trade and walk away. Very low stress.

William

No I don't, never even thought to use it but if it works well I'd be open to trying it. I usually just set limit orders and TP between the spread because with MBT I get paid for Limit orders and TPs and that's not a plug for them or anything but it usually covers my spread at least for EU. Would you mind posting it or sending it to me.

thanks

Robert

Man that AU trade was flawless you got every pip on that trade congrats
  • #6,958
  • Mar 23, 2012 12:08pm Mar 23, 2012 12:08pm
Quoting faxxion
Hello Robert,

It seems we are on the same page.

Good Trading,

William

Yep I just don't like large drawdowns

Have a great weekend William
  • #6,959
  • Mar 23, 2012 12:13pm Mar 23, 2012 12:13pm
Quoting N11
Well the number of pages in the topic doesnt mean much

I would much rather see a consistent 400+ pip profit on live account each month

Has anyone credible posted any proof of this method working?
Alfredo, studies us to trade, as it trades, the prevention, it at first it is necessary to try on the demonstration version and if who that from for errors, has lost money, it is guilty directly! The person free of charge studies people, money does not take, also we to them are grateful!!! Read a forum and do not stir to people!!!
  • #6,960
  • Mar 23, 2012 12:17pm Mar 23, 2012 12:17pm
Quoting faxxion
Hello Norm,

I wish it was for 21 pips. I scalped it just for 5 pips. What I meant when I said 19 for 21 is that out of my last 21 trades, 19 were profitable and 2 were stopped out.

I am glad to hear from you again and happy for your success.

William
Hello again William, I am pleased to see you posting again.Sorry for the misunderstanding, 19 from 21 is a great track record, long may it continue. You seem to have adapted to using this method to a way which suits you.Great tip regarding the cave manager, there were so many parameters I really did not know where to start so hearing you just use the S/L and T/P makes me want to go look at it again this weekend.
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