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Extreme TMA System

  • #8,181
  • Apr 5, 2012 5:51am Apr 5, 2012 5:51am
Quoting grechmar
Stalling before news on gbp or pullback?
Normal retracement on EU to 1.3080 or less (S2). I will sell more there.
Observation is the path to discovery.
  • #8,182
  • Apr 5, 2012 6:04am Apr 5, 2012 6:04am
Sold more EU.
Observation is the path to discovery.
  • #8,183
  • Apr 5, 2012 6:12am Apr 5, 2012 6:12am
added 1 more short
eu
gu
both green already
A good trader follows his rules, but great trader knows when to break them
  • #8,184
  • Apr 5, 2012 6:21am Apr 5, 2012 6:21am
Quoting Alorente
Sold more EU.
Thanks Al; what your thinking helps me more than calling out the trade you took. You're a wise man and great teacher.

Steve
  • #8,185
  • Apr 5, 2012 6:47am Apr 5, 2012 6:47am
Quoting stevewide
Thanks Al; what your thinking helps me more than calling out the trade you took. You're a wise man and great teacher.

Steve
Thanks Steve. I missed you. You havenīt posted for a while.
Observation is the path to discovery.
  • #8,186
  • Apr 5, 2012 6:54am Apr 5, 2012 6:54am
I ditto what Stevewide said. It is the sharing of the thought behind the trade as the trade develops that I find so valuable.
  • #8,187
  • Apr 5, 2012 6:57am Apr 5, 2012 6:57am
GBPJPY m15 is turning the corner for a rally.

I mentioned to a friend a couple of hours ago that I would like to see the M5 or even better m15 bottom band get down to the D1 midline for a decent rally. Looks like we're there. Let's see how far we go up.
To free Gazans of Hamas, use whatever it takes.
  • #8,188
  • Apr 5, 2012 6:58am Apr 5, 2012 6:58am
Al,

I have become very comfortable with the technical approach to trading the Extreme TMA system. However, you introduce a lot of fundamental
information in to how you trade the technical charts. Can you offer any input into services or websites that would be of benefit to begin developing an understanding of the fundamental side of trading forex?
  • #8,189
  • Apr 5, 2012 7:06am Apr 5, 2012 7:06am
Quoting DrDave
GBPJPY m15 is turning the corner for a rally.

I mentioned to a friend a couple of hours ago that I would like to see the M5 or even better m15 bottom band get down to the D1 midline for a decent rally. Looks like we're there. Let's see how far we go up.
First phase--M1 went over top band and now returning.
To free Gazans of Hamas, use whatever it takes.
  • #8,190
  • Apr 5, 2012 7:14am Apr 5, 2012 7:14am
Hi Al , how are you today ?

Q1
Quote
wait for price to cross one of the 2 outer bands of the TF you are trading, the top band for a short order or the bottom band for a long order. The further price moves across the bands, the more reliable the trade will be.

only enter long positions if the Slope value is rising and only enter short positions if Slope value is falling (The steeper the rise or fall on the indicator, the stronger the signal.)
Quote
All trends start in a Ranging market. When a Trend begins, it can go a long way. It is intelligent to ride it until it becomes a ranging market again.

A- Without Tight Stop Loss: If you do not use a tight stop loss (within 30 pips of entry price or less), after complying with the 4 rules mentioned above, Sell as the first Heiken Ashi candle changes color to Red. Buy as the first Heiken Ashi candle changes color to Blue. Waiting for a close of the candle is not necessary but will give a higher percentage signal.
If valid all above but prive above the lower band 20 pip . As such , is this a signal ? Because i see in #1 " only take a long trade if price is below the lower band"

Q2

Quote
A natural level to place your SL would be above a previous high for a short and below a previous low for a long
Is this Previous high is last candle ?

Thank you for your enthusiasm from open thread day My teacher
Attached Image(s) (click to enlarge)
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  • #8,191
  • Apr 5, 2012 7:26am Apr 5, 2012 7:26am
can i found the floor?

http://i41.tinypic.com/293hq9w.jpg

eurjpy

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #8,192
  • Apr 5, 2012 7:42am Apr 5, 2012 7:42am
Quoting DrDave
First phase--M1 went over top band and now returning.
M1 made weak return, then cycled on up to try to get M5 to top band. Now returning down.
2nd phase--Reach for M5 top band complete.
To free Gazans of Hamas, use whatever it takes.
  • #8,193
  • Apr 5, 2012 7:59am Apr 5, 2012 7:59am
EU hits TP
short from 1.3096 target 1.3046 ( 50 pips )

good result for today
thank you Mr. Alfredo
you are the best teacher

will look for other opportunity to short again tomorrow

regard
  • #8,194
  • Apr 5, 2012 8:03am Apr 5, 2012 8:03am
Quoting DrDave
M1 made weak return, then cycled on up to try to get M5 to top band. Now returning down.
2nd phase--Reach for M5 top band complete.
M1 returned to bottom band and turned up. Entered a buy for a hedge. Price stalling around M5 top band, so I'll set a hard TP of 10 pips.
To free Gazans of Hamas, use whatever it takes.
  • #8,195
  • Apr 5, 2012 8:11am Apr 5, 2012 8:11am
Quoting DrDave
M1 returned to bottom band and turned up. Entered a buy for a hedge. Price stalling around M5 top band, so I'll set a hard TP of 10 pips.
My 10 pip TP hit on the buy hedge, so the long term sell is unlocked.
To free Gazans of Hamas, use whatever it takes.
  • #8,196
  • Apr 5, 2012 8:17am Apr 5, 2012 8:17am
Quoting DrDave
My 10 pip TP hit on the buy hedge, so the long term sell is unlocked.
Found a signal that is rather good at indicating a band will be hit. Got signal on M1 for bottom band to be hit. We'll see how close it come.
To free Gazans of Hamas, use whatever it takes.
  • #8,197
  • Apr 5, 2012 8:18am Apr 5, 2012 8:18am
bought usd/cad 0.99220
tp 0.99470
  • #8,198
  • Apr 5, 2012 8:24am Apr 5, 2012 8:24am
Quoting DrDave
Found a signal that is rather good at indicating a band will be hit. Got signal on M1 for bottom band to be hit. We'll see how close it come.
Got signal for the opposie direction. The low was 129.90. The bottom band was at 129.88
To free Gazans of Hamas, use whatever it takes.
  • #8,199
  • Apr 5, 2012 8:37am Apr 5, 2012 8:37am
Quoting JoaoOliveira
bought usd/cad 0.99220
tp 0.99470
i am with u but my tp is 99.730
A good trader follows his rules, but great trader knows when to break them
  • #8,200
  • Apr 5, 2012 8:38am Apr 5, 2012 8:38am
Holding positions, no divergence on m5. Al thoughts?
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