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Extreme TMA System

  • #10,061
  • Apr 27, 2012 5:10am Apr 27, 2012 5:10am
Quoting boulavard
Hi there all, I hav asked earlier but nobody responded. I cnt open the templates on mt4. Do I need some specific software to open it or is it mt4?

Appreciate!
Gerhard
if u have the latest buit, then u have to downgrade
A good trader follows his rules, but great trader knows when to break them
  • #10,062
  • Apr 27, 2012 5:11am Apr 27, 2012 5:11am
I am testing this system on a micro account. I like the TMA lines as it prevents from buying at high and selling at low. I short at EU/USD at 1.3237 as it was very close to 1H TMA line and price on lower TFs well above. No SL for now, because i am using only 0.01lot. TP set at around 1.319x
  • #10,063
  • Apr 27, 2012 5:11am Apr 27, 2012 5:11am
Italy has sold 10-year bonds today, paying yields of 5.84%, higher than the previous ones (end-March) at 5.24%. The Spanish unemployment rate in Q1 has risen from 22.9% to 24.4%, higher than 23.5% consensus.

Neither one of these “bad” news are stopping the EUR/USD from rallying. The pair is already at 1.3243 high. “Reversal at / above 1.3150 would keep hopes of fresh attempt towards 1.3262, with regain of 1.3200/10 zone, required to confirm.

Latest News explaining the EU Rally last hour.

Regards.
Master Your Setup, Master Your self. (NQoos)
  • #10,064
  • Apr 27, 2012 5:20am Apr 27, 2012 5:20am
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ebf912bb-369b-4cca-823c-0c042d69a7ed[/url]
Master Your Setup, Master Your self. (NQoos)
  • #10,065
  • Apr 27, 2012 5:23am Apr 27, 2012 5:23am
nice intel thanks
Quoting bassramy
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ebf912bb-369b-4cca-823c-0c042d69a7ed[/url]
Tracking the Specialists.
  • #10,066
  • Apr 27, 2012 5:23am Apr 27, 2012 5:23am
Quoting Riddermark
Thanks for the reply Al.

This aspect of Forex takes me back to how I got introduced to Forex. The guy was a Forex Fund Manager/Realestate investor etc., he taught me not so much a system but a solid foundation of the judicial use of margin and position sizing.

I can't go into his personal trading with full details unfortunately but his primary tenets were;

1. Never take a losing trade
2. Never use a stop loss
3. Never get a margin call

How do you manage this?

A. Small positions
B. Keep your account healthy. Limit the number of open trades (ie...
Thank You!
"The more I practice the luckier I get." Gary Player
  • #10,067
  • Apr 27, 2012 5:39am Apr 27, 2012 5:39am
[quote=bassramy;5615739]http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ebf912bb-369b-4cca-823c-0c042d69a7ed[/url][/quote



Thanks. It is always amazing to me how extreme a market gets before finally collapsing. What everyone wants to buy today (Euro), nobody will want for free tomorrow. It happens over and over again in the markets. It´s the same in stocks. I still remember being dumbfounded at the internet bubble in the 90´s. For months I couldn´t believe that the thing kept going higher, until, of course, it blew up...

I should be used to these obscene excesses after so many years doing this, but it still shocks me. That is why it is so important to leave yourself plenty of margin to account for extreme irrationality.
Observation is the path to discovery.
  • #10,068
  • Apr 27, 2012 5:45am Apr 27, 2012 5:45am
[quote=Alorente;5615815][quote=bassramy;5615739]http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ebf912bb-369b-4cca-823c-0c042d69a7ed[/url][/quote



I still remember being dumbfounded at the internet bubble in the 90´s. For months I couldn´t believe that the thing kept going higher, until, of course, it blew up...

Those were beautiful parabolic patterns. Those techs stocks giving up $20, $50, $80 per day on some were fantastic for the momo traders.
  • #10,069
  • Apr 27, 2012 6:20am Apr 27, 2012 6:20am
Okay..., I'm sold.

Opening brain/trading/FX/tools

Deleting folder named stoploss

Copy/pasting recovery

Reboot.

What a great resource this place is! And Al, thanks for the recovery EA..., gonna enter a bad trade in a demo and watch it work..., gonna need a different strategy to find a losing trade though,
"The more I practice the luckier I get." Gary Player
  • #10,070
  • Apr 27, 2012 6:21am Apr 27, 2012 6:21am
short cable
Attached Image (click to enlarge)
Click to Enlarge Name: cable.PNG Size: 72 KB
  • #10,071
  • Apr 27, 2012 7:10am Apr 27, 2012 7:10am
Al - I notice with your indi there are a lot less signals than with most of the other ones out there. Probably a good thing.
  • #10,072
  • Apr 27, 2012 7:36am Apr 27, 2012 7:36am
As EU continues to rise (to probably close to 1.33) that old saying :-

"the market can stay irrational longer than you can stay solvent"

comes into play. That's why it's so important to listen to Al when he talks about money management/position sizing.
  • #10,073
  • Apr 27, 2012 7:40am Apr 27, 2012 7:40am
US GDP misses..., the QE addicts think another fix may be coming.
"The more I practice the luckier I get." Gary Player
  • #10,074
  • Apr 27, 2012 7:44am Apr 27, 2012 7:44am
LOL - just watched that semaphore jump 10 candles in one go on my M15 chart. But that's the nature of the beast.
  • #10,075
  • Apr 27, 2012 7:53am Apr 27, 2012 7:53am
cable trade stopped out -30
  • #10,076
  • Apr 27, 2012 7:53am Apr 27, 2012 7:53am
The USD must be rubbish, nobody wants it!
Vandag is die dag.....
  • #10,077
  • Apr 27, 2012 7:59am Apr 27, 2012 7:59am
Now is a good time to short the EU Just wait for your ducks to line up but then again its friday Morning........Maybe A quick scalp for someone but not for me .
Master Your Setup, Master Your self. (NQoos)
  • #10,078
  • Apr 27, 2012 8:11am Apr 27, 2012 8:11am
Quoting ill_be_back
i don't think it's going to go to yesterday high
This what i was talking about and then again i'm no speculator thats why i always wait to see.So lets wait and See together.
Master Your Setup, Master Your self. (NQoos)
  • #10,079
  • Apr 27, 2012 8:25am Apr 27, 2012 8:25am
Quoting Alorente
I changed the Semaphor to show only level 3. This is what I use on my charts now.
You´re right Al. It´s same thing.

Thank you.
Have a nice week end!
If I Change, the whole World changes!
  • #10,080
  • Apr 27, 2012 10:00am Apr 27, 2012 10:00am
Food For next week thought.
Attached Image (click to enlarge)
Click to Enlarge Name: silver-chart1.jpg Size: 93 KB
Master Your Setup, Master Your self. (NQoos)
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