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Extreme TMA System

  • #7,141
  • Mar 26, 2012 6:41am Mar 26, 2012 6:41am
Quoting jaau
Someone long on usdcad?

L.
Looks like a better M15 setup potential on the GBP/JPY if you're not already in on the USD/CAD. The candle has turned yet, but there is a lot more distance outside the band than on the USD/CAD.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,142
  • Mar 26, 2012 6:43am Mar 26, 2012 6:43am
the results...today
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  • #7,143
  • Mar 26, 2012 6:47am Mar 26, 2012 6:47am
Quoting By_Tor2114
Looks like a better M15 setup potential on the GBP/JPY if you're not already in on the USD/CAD. The candle has turned yet, but there is a lot more distance outside the band than on the USD/CAD.
I agree.

audusd looks good right now!

L.
  • #7,144
  • Mar 26, 2012 6:52am Mar 26, 2012 6:52am
aud/usd looks good right now!
  • #7,145
  • Mar 26, 2012 6:52am Mar 26, 2012 6:52am
Quoting jaau
I agree.

audusd looks good right now!

L.


Get ready for some serious pips, friend!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,146
  • Mar 26, 2012 6:58am Mar 26, 2012 6:58am
Al your TP is changing with Lower H4 band ? Because in Thursday it was around 13050 and now it's around 13100
  • #7,147
  • Mar 26, 2012 6:59am Mar 26, 2012 6:59am
Where are you Big Al?

Is gpbusd ready for a good short?

L.
  • #7,148
  • Mar 26, 2012 6:59am Mar 26, 2012 6:59am
Quoting By_Tor2114


Get ready for some serious pips, friend!
I am on!

  • #7,149
  • Mar 26, 2012 7:05am Mar 26, 2012 7:05am
Quoting penet
Al your TP is changing with Lower H4 band ? Because in Thursday it was around 13050 and now it's around 13100
When price finally comes down, the H4 TMA will repaint lower. Probably back to what it was or even lower.
Observation is the path to discovery.
  • #7,150
  • Mar 26, 2012 7:06am Mar 26, 2012 7:06am
Someone can explain why the eur dont go down!!!!

L.
  • #7,151
  • Mar 26, 2012 7:06am Mar 26, 2012 7:06am
Quoting jaau
Where are you Big Al?

Is gpbusd ready for a good short?

L.
I think GU is a good short. Look at the huge divergence on the Slope indi. Price at R1 right now.
Observation is the path to discovery.
  • #7,152
  • Mar 26, 2012 7:11am Mar 26, 2012 7:11am
Quoting jaau
Someone can explain why the eur dont go down!!!!

L.
It's because Fed's Bernanke speech :/
  • #7,153
  • Mar 26, 2012 7:13am Mar 26, 2012 7:13am
I'm guessing the spikes we've just seen on the USD pairs was based on Bernanke's statement. Hopefully this just means that when price does settle on those pairs, it will make for an even bigger crash.

Note: I'm not in on anything yet, but the GBP/JPY is looking rather appealing... Or maybe I should wait for the G/U to calm down and enter when the HA eventually closes red... Hmmmm!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,154
  • Mar 26, 2012 7:17am Mar 26, 2012 7:17am
Short on GBP/JPY at 131.500
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,155
  • Edited 7:49am Mar 26, 2012 7:21am | Edited 7:49am
I started reading the thread seriously yesterday, set up MT4 for Extreme TMA this morning, and the activity today (EUR/USD,GBP/JPY) really sped up my learning process. On a demo account, I went short on GBP/JPY at 131.57 (before the red candle closed as I was too trigger happy.)

I'm in India and unable to trade forex; however, I do plan to follow the forex action on demo accounts and see how much of Extreme TMA I can apply to futures for the local commodities and indices that I can trade.
  • #7,156
  • Mar 26, 2012 7:30am Mar 26, 2012 7:30am
Quoting jaau
Someone can explain why the eur dont go down!!!!

L.
It may go much higher.
Buy it then if that is the case and if you think so...simple.
Eur must go down???....mmmhhhhhhh.....not the right attitude....
Be open and don't risk your shirt
Have a good day
Max
  • #7,157
  • Mar 26, 2012 7:35am Mar 26, 2012 7:35am
The GBP/JPY was a bad idea. I forgot how much this pair whipsaws! Out for -20 pips. Whoops.

EDIT: I'm hanging on for the GBP/USD turn around now.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,158
  • Mar 26, 2012 7:46am Mar 26, 2012 7:46am
Al, you are in recovery?
  • #7,159
  • Mar 26, 2012 7:51am Mar 26, 2012 7:51am
Hi, was also wondering...looks like price is challenging trend line. Seems more risky to do recovery if trend line is broken?

Thanks for any insights

ed
  • #7,160
  • Mar 26, 2012 7:53am Mar 26, 2012 7:53am
oh...i was referring to eurusd on one hour chart, ed
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