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Extreme TMA System

  • #9,941
  • Apr 26, 2012 4:51am Apr 26, 2012 4:51am
Guys what does 'Average your position' mean please? thanks!
Tracking the Specialists.
  • #9,942
  • Apr 26, 2012 4:58am Apr 26, 2012 4:58am
The purpose of trading is trading without stress. Therefore, everyone needs to determine the daily volume regardless of whether the market will go up or down. Accordingly, the trader needs to determine the proper leverage and management of money and to try to earn 10 pips. If every day earning 10 pips, his account will be increased to 100% per year. Continuity is very important for traders but without any stress. Many traders have the days of stress in the expectation that some event occurs that will enable them to regain hope. I have no hope and no stress and I traded with my plan without stress. I take your money management plan and to earn 10 pips a day minimum. If the market allow me to earn more, I shall be very grateful for that.If I have 10 days or a month of stress in the expectation that something happened in my favor, earning you get after that can not compensate for my sustained stress. I think I was clear.
I want to make money without stress and did not matter to me how it is. So I work for 13 years and I am very happy when traded. I was in such situations and expectations, but no more. Sometimes I felt that I hit the bottom and then I was the king of kings ... when the market went to my side and I was right after a month wainting, I felt that I can fly to moon and mars ... but this is not the purpose of trading and I left this trading from many many years .... 10 pips a day and spend more time with family, friends and enjoy life.
  • #9,943
  • Apr 26, 2012 4:58am Apr 26, 2012 4:58am
Quoting Connected
Guys what does 'Average your position' mean please? thanks!
In the packet posted on the first message are documents called 'recovery'. Averaging is a way to manage underwater trades to b/e or better.

I hope I'm not stepping on anyone's toes here.

Lee
"The more I practice the luckier I get." Gary Player
  • #9,944
  • Apr 26, 2012 5:10am Apr 26, 2012 5:10am
Hi Lee, thanks for your time explaining this much appreciated, don't worry about anyones toes pal!

Quoting Grins
In the packet posted on the first message are documents called 'recovery'. Averaging is a way to manage underwater trades to b/e or better.

I hope I'm not stepping on anyone's toes here.

Lee
Tracking the Specialists.
  • #9,945
  • Apr 26, 2012 5:12am Apr 26, 2012 5:12am
very well said you can hear your experience in your words

Quoting imbonitore
The purpose of trading is trading without stress. Therefore, everyone needs to determine the daily volume regardless of whether the market will go up or down. Accordingly, the trader needs to determine the proper leverage and management of money and to try to earn 10 pips. If every day earning 10 pips, his account will be increased to 100% per year. Continuity is very important for traders but without any stress. Many traders have the days of stress in the expectation that some...
Tracking the Specialists.
  • #9,946
  • Apr 26, 2012 5:15am Apr 26, 2012 5:15am
US Unemployment Data, maybe this will be the figure to watch...

Quoting Alorente
ItŽs coming. The extreme always looks unreasonable because it is caused by the last group being stopped out or finally throwing in the towel, just to see the market turn around after. That is why it is so important to bet small and always leave yourself margin room for the unexpected and unreasonable extremes.

This may in fact be a breakout, but I donŽt believe it. I have the maneuverability to let the market show me that it is in fact a breakout.
Tracking the Specialists.
  • #9,947
  • Apr 26, 2012 5:20am Apr 26, 2012 5:20am
Quoting penet
I can't agree more with you Al ! All the facts scream sell sell sell (eur/usd, gbp/usd) but investors go buy buy buy But this will be short-lived I think. Behind us we have another bad data for Europe and market is stil almost unchanged. I think the trigger will be Jobless claims if it will be below forecast. I can't believe that investors are so desperate that they will in long term buy euros only because Bernanke said he have tools on table
And Advance GDP q/q After ON Friday.
Master Your Setup, Master Your self. (NQoos)
  • #9,948
  • Apr 26, 2012 5:32am Apr 26, 2012 5:32am
Quoting bassramy
And Advance GDP q/q After ON Friday.
Yeah that was a big surprise and market react postivie for this. But overall gbp and euro is in one basket and mostly euro will it bring down.
  • #9,949
  • Apr 26, 2012 5:34am Apr 26, 2012 5:34am
Quoting imbonitore
The purpose of trading is trading without stress. Therefore, everyone needs to determine the daily volume regardless of whether the market will go up or down. Accordingly, the trader needs to determine the proper leverage and management of money and to try to earn 10 pips. If every day earning 10 pips, his account will be increased to 100% per year. Continuity is very important for traders but without any stress. Many traders have the days of stress in the expectation that some...
It is important to reach the point of stress free trading. Unfortunately, you canŽt learn that. Only years of experience will help you acquire this.
Observation is the path to discovery.
  • #9,950
  • Apr 26, 2012 5:34am Apr 26, 2012 5:34am
Al, when you have a few moments I'd like your input on something. Currently the upper band of the H1 TMA is above the upper band of the H4 TMA. In my experience this is not a common occurrence. Does this imply anything to you, avoidance? Entry? I'm short the pair.

Many thanks for your patience and dedication,

Lee
"The more I practice the luckier I get." Gary Player
  • #9,951
  • Apr 26, 2012 5:44am Apr 26, 2012 5:44am
Quoting imbonitore
The purpose of trading is trading without stress. Therefore, everyone needs to determine the daily volume regardless of whether the market will go up or down. Accordingly, the trader needs to determine the proper leverage and management of money and to try to earn 10 pips. If every day earning 10 pips, his account will be increased to 100% per year. Continuity is very important for traders but without any stress. Many traders have the days of stress in the expectation that some...
I look forward to the day when my account is big enough to allow me to use a LOT size big enough to make a decent living from 10 pips a day.
  • #9,952
  • Apr 26, 2012 6:21am Apr 26, 2012 6:21am
Quoting Grins
Al, when you have a few moments I'd like your input on something. Currently the upper band of the H1 TMA is above the upper band of the H4 TMA. In my experience this is not a common occurrence. Does this imply anything to you, avoidance? Entry? I'm short the pair.

Many thanks for your patience and dedication,

Lee
The Perfect Short for me:

1- H1 upper band is above H4 upper band.

2- M15 upper band is above both H1 and H4 upper bands.

3- M15 Slope value is under 0.30 and decreasing.

I sell on HA color change and hold at least to the M15 lower band but very probably to the H1 lower band.

The Perfect Long for me:

1- H1 lower band is below H4 lower band.

2- M15 lower band is below both H1 and H4 lower bands.

3- M15 Slope value is above -0.30 and increasing.

I buy on HA color change and hold at least to the M15 upper band but very probably to the H1 upper band.
Observation is the path to discovery.
  • #9,953
  • Apr 26, 2012 6:22am Apr 26, 2012 6:22am
http://blogs.wsj.com/marketbeat/2012...ent/tab/print/


http://blogs.wsj.com/marketbeat/2012...ent/tab/print/

Read this Allorente explains a lot the frustrations in the fx markets lately for some with eu etc whe are not alone.

Allwel i think your system is perfectly adapted to this kinda market.
  • #9,954
  • Apr 26, 2012 6:23am Apr 26, 2012 6:23am
Quoting normtold
I look forward to the day when my account is big enough to allow me to use a LOT size big enough to make a decent living from 10 pips a day.
If you can consistently make 10 pips a day, you can consistently make 50. The methodology for both is exactly the same.
Observation is the path to discovery.
  • #9,955
  • Apr 26, 2012 6:25am Apr 26, 2012 6:25am
Quoting Alorente
The Perfect Short for me:

1- H1 upper band is above H4 upper band.

2- M15 upper band is above both H1 and H4 upper bands.

3- M15 Slope value is under 0.30 and decreasing.

I sell on HA color change and hold at least to the M15 lower band but very probably to the H1 lower band.

The Perfect Long for me:

1- H1 lower band is below H4 lower band.

2- M15 lower band is below both H1 and H4 lower bands.

3- M15 Slope value is above -0.30 and increasing.

I buy on HA color change and hold at least to the M15 upper band but very probably...
Excellent! Thank you
"The more I practice the luckier I get." Gary Player
  • #9,956
  • Apr 26, 2012 6:31am Apr 26, 2012 6:31am
Quoting ingmarforex
http://blogs.wsj.com/marketbeat/2012...ent/tab/print/


http://blogs.wsj.com/marketbeat/2012...ent/tab/print/

Read this Allorente explains a lot the frustrations in the fx markets lately for some with eu etc whe are not alone.

Allwel i think your system is perfectly adapted to this kinda market.
I hate whiners... So called professional traders expect easy money without risk. Yes, the market is range bound but, so what? Find a way to make money in a ranging market, like we did with the Extreme TMA system. Lazy bums...

While they whine weŽll make some money.
Observation is the path to discovery.
  • #9,957
  • Apr 26, 2012 6:32am Apr 26, 2012 6:32am
Exactly lol
  • #9,958
  • Apr 26, 2012 6:42am Apr 26, 2012 6:42am
The purpose of trading is trading without stress. ....

Beautiful and very clear words.
Thanks
  • #9,959
  • Apr 26, 2012 7:14am Apr 26, 2012 7:14am
Perhaps a favor from an indicator wizard here. Is there a way to move the ExtremeTMAInfo indicator to the left hand side of the chart? My monitor real estate is limited and PA is often under the info.

Thanks in advance!

Lee
"The more I practice the luckier I get." Gary Player
  • #9,960
  • Apr 26, 2012 7:34am Apr 26, 2012 7:34am
Unemployment Claims

FORECAST = 374 ACTUAL = 388
Master Your Setup, Master Your self. (NQoos)
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