Thanks Mike and Imbonitore for your answers. I think it will help everyone and give them different perspectives. I appreciate it.
Tom
Tom
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Dislikedivo, you do know that TMA repaints, don't you? That means that what you see on the history now is not exactly what you would see in reality then...
Al tested H4 and he was not very happy about his H4 results. As far as I remember in just one week he got 500 pips less than he was supposed to get just because price (unlike H1) didn't go to the opposite TMA H4 border.Ignored
DislikedThanks Mike and Imbonitore for your answers. I think it will help everyone and give them different perspectives. I appreciate it.
TomIgnored
DislikedI haven't read the whole thread so I didn't know that Al tested the H4.Ignored
DislikedI closed my positions for 173 and 136 pips, because I didn't want to hold them through NFP and over the weekend.Ignored
DislikedIn my opinion the signals are not clear enough to go short - even tho my bias is very short. I would wait for stronger signal and stay away from Eur/Usd until after NFP unless you get a strong short signalsuch as a break of support lines. Even with a signal, in the current environment of uncertainty, I would go for small, quick, profits 10 - 15 pips. Just my opinion.
Tom
PS> To give yourself an edge if all of a sudden we have a big selloff you could put in an entry order below the next support area at 1.3095 to catch that potential strong...Ignored
Disliked~~~~~~~~~~~~~~~~~
Dear Tom :
Attached EUR M15 Pic, up to today now, EURUSD is ranging, between MmS1 & WMS1, follow ex TMA rule is good idea !!?? how to get a confirmation signal , EUR will get a big move ?? break through those S1, S1 ??
BRS,
SCOTT-ibm
~~~~~~~~~~~~Ignored
DislikedTom, I wouldn't trade the current setup at all, at 8:30 there will be very important news, "Unemployment Claims", for me it is almost as important as Non-Farm, I usually stop trading at least two hours before Unemployment Claims.Ignored
DislikedWell, I find that if you donīt trade the news you may grow cobwebs. It is soooo slow lately. The news are the only time when you can make some pips.Ignored
DislikedWell, I find that if you donīt trade the news you may grow cobwebs. It is soooo slow lately. The news are the only time when you can make some pips.Ignored
DislikedHi,
I cannot complain of slow days either...I trade M15 and H1 (fine-tune entries on M5) and netted +272 pips this week already.
Monday: +41 pips
Tuesday: +101 pips
Wednesday: +77 pips
Today: +53 pips
Have a nice evening, traders!
OlarionIgnored
DislikedCurrently I trade M1 and M5 (EURUSD), I usually make 60-80 pips per day. But I don't trade ExtremeTMA, I trade my own TMA modification.
Trading only M1 can bring 80-100 pips per day, and right now I'm switching to trading only M1.Ignored
DislikedHi,
I cannot complain of slow days either...I trade M15 and H1 (fine-tune entries on M5) and netted +272 pips this week already.
Monday: +41 pips
Tuesday: +101 pips
Wednesday: +77 pips
Today: +53 pips
Have a nice evening, traders!
OlarionIgnored
DislikedCurrently I trade M1 and M5 (EURUSD), I usually make 60-80 pips per day. But I don't trade ExtremeTMA, I trade my own TMA modification.
Trading only M1 can bring 80-100 pips per day, and right now I'm switching to trading only M1.Ignored
DislikedFeel free to share your strategy. I'm also looking to get profitable on the M1 TFIgnored
DislikedHello Favorite
Could you explain more about this TMA modification. I usually trade 1m too looking at 5m and 15m in the same chart. And btw you are right, only today since London open in eurusd 1m was around +85 pips ready to get with 1m
Thanks in advance
JoseIgnored
DislikedGuys, thank you for your interest!
I keep getting PMs asking about my TMA modification, so I decided to create a small package for the English-speaking traders. It contains the basic instructions, the template and indicators. These are the very basics, but I will be glad to answer any questions via PM.
You can download the package here:
http://ruforum.mt5.com/threads/17528...=1#post2630474Ignored
DislikedGuys, thank you for your interest!
I keep getting PMs asking about my TMA modification, so I decided to create a small package for the English-speaking traders. It contains the basic instructions, the template and indicators. These are the very basics, but I will be glad to answer any questions via PM.
You can download the package here:
http://ruforum.mt5.com/threads/17528...=1#post2630474Ignored