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Extreme TMA System

  • #11,861
  • Jul 12, 2012 5:53am Jul 12, 2012 5:53am
Quoting bassramy
Mission accomplished, patience and discipline rewards.

Best Regards.
B.R.
That's a good result. Very important, if you are convinced about your trading strategy, you'll always be patient. That is one thing i have learnt from this AU. After going up and down since last week, it finally reach its final destination (H4 lower band). Thanks for giving me that confidence which radiates patience. Thanks bassramy. Good to learn from you.
************************* Knowledge is an endless research
  • #11,862
  • Jul 12, 2012 6:09am Jul 12, 2012 6:09am
Quoting bassramy
Mission accomplished, patience and discipline rewards.

Best Regards.
B.R.
CONGRATULATIONS !!!!
  • #11,863
  • Jul 12, 2012 6:12am Jul 12, 2012 6:12am
Quoting bassramy
Mission accomplished, patience and discipline rewards.

Best Regards.
B.R.
good system ...
  • #11,864
  • Jul 12, 2012 6:12am Jul 12, 2012 6:12am
Dear Bassramy,
Wery goog result. Please say us new position ı understan USD CHF start to short am ı right.
Thanks to help.
Best Regards.
Bülent.
  • #11,865
  • Jul 12, 2012 6:55am Jul 12, 2012 6:55am
Quoting bassramy
By the way I've got stopped out on GU after 28 pips gain (to be honest and to learn better we have to declare our wins and losses too), I'm starting to short UCHF.

B.R.
Hi Bassramy,

I would be interested to hear your thoughts about your decision to start scaling into Usd/Chf shorts.

I see D1, H4, H1 and M15 all as buy only at the moment.

You were right about about Aud/Usd so I am hoping to learn what you have seen in Usd/Chf.

Regards
  • #11,866
  • Jul 12, 2012 7:11am Jul 12, 2012 7:11am
These are the Pairs that I'm looking @ right now, it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see.

-AUDUSD Long against the developing bearish trend .
-GBPAUD Long,
-AUDCHF short,
-GBPJPY Long,
-GBPCHF Short,
-GBPUSD Long against the trend,
-EURJPY Long against the trend,
-EURAUD Long probably bottoming against the trend,
-EURGBP Long against the trend, EURUSD Long against the trend,
-USDCHF Short against the trend,
-GOLD Long.

Best Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,867
  • Jul 12, 2012 8:08am Jul 12, 2012 8:08am
Quoting bassramy
These are the Pairs that I'm looking @ right now, it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see.

-AUDUSD Long against the developing bearish trend .
-GBPAUD Long,
-AUDCHF short,
-GBPJPY Long,
-GBPCHF Short,
-GBPUSD Long against the trend,
-EURJPY Long against the trend,
-EURAUD Long probably bottoming against the trend,
-EURGBP Long against the trend, EURUSD Long against the trend,
-USDCHF Short against the trend,
-GOLD Long.

Best Regards.
B.R.
Nice one. Keep it up.
************************* Knowledge is an endless research
  • #11,868
  • Jul 12, 2012 8:45am Jul 12, 2012 8:45am
USDCHF is playing hard to get with http://www.forexfactory.com/images/m...ry.gif?v=1.0.0Jobless Claims In U.S. Plunge As Fewer Auto Plants Shut Down .
What do you do when something or someone is playing hard to get ?
Master Your Setup, Master Your self. (NQoos)
  • #11,869
  • Jul 12, 2012 9:46am Jul 12, 2012 9:46am
Quoting bassramy
These are the Pairs that I'm looking @ right now, it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see.

-AUDUSD Long against the developing bearish trend .
-GBPAUD Long,
-AUDCHF short,
-GBPJPY Long,
-GBPCHF Short,
-GBPUSD Long against the trend,
-EURJPY Long against the trend,
-EURAUD Long probably bottoming against the trend,
-EURGBP Long against the trend, EURUSD Long against the trend,
-USDCHF Short against the trend,
-GOLD Long.

Best Regards.
B.R.
Hello,
I start to short USD CHF 0.9858 first and ı am waiting but ı want to understand
H1 TMA SLOPY +0.34 ( rule shoult be - right???)
H4 TMA SLOPY +0.77 ( rule shoult be - right???)
H1 and H4 Price upper two bant ( rule this is okey)
Could you tell something?
Regards.
Bülent.
  • #11,870
  • Jul 12, 2012 10:10am Jul 12, 2012 10:10am
Quoting bulent
Hello,
I start to short USD CHF 0.9858 first and ı am waiting but ı want to understand
H1 TMA SLOPY +0.34 ( rule shoult be - right???)
H4 TMA SLOPY +0.77 ( rule shoult be - right???)
H1 and H4 Price upper two bant ( rule this is okey)
Could you tell something?
Regards.
Bülent.
Bulent,

USDCHF is showing no chance for shorts. H1 is +.50 & H4 is +.77 plus the daily is very bullish.

You should be looking to go long with this pair at this time if it comes back down to the lower TMA line.
  • #11,871
  • Jul 12, 2012 10:51am Jul 12, 2012 10:51am
Quoting harvman5
Bulent,

USDCHF is showing no chance for shorts. H1 is +.50 & H4 is +.77 plus the daily is very bullish.

You should be looking to go long with this pair at this time if it comes back down to the lower TMA line.
Harvman,
Thank you for your help.Lower TMA line is H1 or H4 ?
Regards.
Bülent
  • #11,872
  • Jul 12, 2012 11:20am Jul 12, 2012 11:20am
Quoting bulent
Harvman,
Thank you for your help.Lower TMA line is H1 or H4 ?
Regards.
Bülent
To go long

If you trade the H1 charts then the lower TMA band of the H1.
  • #11,873
  • Jul 12, 2012 6:21pm Jul 12, 2012 6:21pm
Quoting bassramy
These are the Pairs that I'm looking @ right now, it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see.

B.R.
bassramy
Why would you trade against the trend?
cheers
Bill
Have a nice day
  • #11,874
  • Jul 12, 2012 10:54pm Jul 12, 2012 10:54pm
My Eu JPY entered bloody Level 4 recovery. No likely to return to B/E any time this century, but who knows?
Anyway, still waiting for wise words on recovery. anybody on Level 4 ever?
I was wondering, ALorente never got to Level 4 ever.... that tells me he never entered a trade like this , such a stupid trade so to speak...but i did so i want to knwo what to do ideally

cheers
  • #11,875
  • Jul 12, 2012 11:55pm Jul 12, 2012 11:55pm
Quoting thewriter30
My Eu JPY entered bloody Level 4 recovery. No likely to return to B/E any time this century, but who knows?
Anyway, still waiting for wise words on recoverycheers
You've been going short to recover a long trade but the conditions haven't been right you should have had your long unhedged so that it recovers by itself because the downtrend had stopped for a bit.
How many pips are you recovering?
Have a nice day
  • #11,876
  • Jul 13, 2012 12:50am Jul 13, 2012 12:50am
Quoting billv
You've been going short to recover a long trade but the conditions haven't been right you should have had your long unhedged so that it recovers by itself because the downtrend had stopped for a bit.
How many pips are you recovering?

Hi there

I went long JUST on the tip of the iceberg. It was the PERFECT entry if only I had gone short.
Recovery level 4 at 300 pips + down started. i am using recommended one by Al's 1,1,2,4
Eu Jpy seems the Recovery Breaker! because I cant' see how my sinlge lonely last position can outweigh the other 3 big loosers
  • #11,877
  • Jul 13, 2012 1:06am Jul 13, 2012 1:06am
By pure chance I came across an old S&R indi of yours - do you still use it ??
  • #11,878
  • Edited 1:57am Jul 13, 2012 1:47am | Edited 1:57am
Quoting thewriter30
I went long JUST on the tip of the iceberg. It was the PERFECT entry if only I had gone short.
Recovery level 4 at 300 pips + down started.
Ouch, but you should be able to recover it.
The trouble with recovery is that if you get it wrong you have 2 trades going against you so you really need to apply it at the right time.
I'd hedge it and remove the hedge when the trend has clearly reversed and let it run up (I'd look at it from a higher timeframe).
Practice recovery on demo and become an expert at it.
When you find a strong trend you could help recovery by putting another trade on but you need to have enough margin.
Put more funds in if you need to.
How much is the swap rate?

Btw, I also got trapped by a USDJPY spike the other night and it took me a couple of days to recover.
I unhedged the trade when the market turned and let it run with a small trailing stop.
I'm not looking to profit from recovery but the trailing stop made me 9 pips and it all adds up in the end.

cheers
Bill
Have a nice day
  • #11,879
  • Jul 13, 2012 1:58am Jul 13, 2012 1:58am
Quoting billv
Ouch, but you should be able to recover it.
The trouble with recovery is that if you get it wrong you have 2 trades going against you so you really need to apply it at the right time.
I'd hedge it and remove the hedge when the trend has clearly reversed and let it run up (I'd look at it from a higher timeframe).
Practice recovery on demo and become an expert at it.
When you find a strong trend you could help recovery by putting another trade on but you need to have enough margin.
How much is the swap rate?

Btw, I also got trapped by a USDJPY...

Hi Bill

Thanks for the ouch Don't worry it's DEMO! but i am taking it seriously since I want to go live as soon as I am ready.

So U hedge it, as in you do reccovery BUT you also go with the trend? so i should have

1) MY initial long
2) My 3 recoveries (level 4)
3) 1 SHORT at some point?

But how do you apply 3?

cheers!
  • #11,880
  • Jul 13, 2012 2:47am Jul 13, 2012 2:47am
Quoting thewriter30
Hi Bill
So U hedge it, as in you do reccovery BUT you also go with the trend? so i should have
1) MY initial long
2) My 3 recoveries (level 4)
3) 1 SHORT at some point?
But how do you apply 3?
cheers!
demo? Anyway, I would have applied item 3 (a hedge)when I wanted to stop the bleeding of the account. i.e when I lost control of a trade.
This is done by taking an opposite trade of equal size. So if you have x size long trades you also need to have x size short trades to balance them out. It's hard to recover but it can be done
Have a nice day
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