Some pointers: 1- You should switch to M30 on Gold. 2- If price hits the 20 EMA you should be alert. 3- If the 10 EMA turns up with an M30 candle close you should be alert and ready to close trades. 4- If price continues past the 20 EMA, close all ...

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Everyone is different and there is no wrong system if it makes money...

New Cable Thread & Other Pairs

I always close all trades prior to the weekend, even if technically they are still alive. A lot can happen over the weekend and most of the time, it is not good.

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I am actually in this trade. I marked the entry and places where I added.

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When you buy a suit, you get one that fits you exactly, right? Why would you buy a suit that doesn´t fit you. Plus, trading a system that fits your personality is more fun...

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I would have opened my first Sell at the crossing point. 1.0903. After that, I would continue to add Sells with each kiss of the 10 EMA. It is always a good idea to enter in steps. If your full trade is 1 lot, open 0.2 lot trades each time. I also ...

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I confess: I love scalping ranging markets. That is why I created the Extreme TMA system. It is a ranging market system. But... that is after 40 years of trading and licking a lot of wounds... What I am saying is, you do not need to range trade or ...

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I spot it early by using three MAs. I use the 10 EMA (White), 20 EMA (Orange) and 49 LWMA Green. When they cross and the 10 begins to steepen, I enter. I actually use the M30 charts for most pairs, but depending on the volatility of the pair you may ...

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I used to use simple MAs but in reading great traders stories, I learned that the EMA follows price even closer so I switched. The key to trading is to stay out of non trending markets. You will consistently lose money. Once you convince yourself to ...

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Here are EU and GU H1 charts of the same fall. As you can see, they respect the 10 EMA (White line). It works... That is why the pros use it. Trading is simpler than you are led to believe. We make it complicated...

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It is not a matter of courage. Take any strongly trending move and use the 10 EMA on an H1 chart. If the 10 EMA starts changing direction, you exit. Look at the EURUSD fall and apply the 10 EMA. It respects it. It works for all pairs on strong ...

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In my trade, I am in since 2467. I am adding new Sells when price approaches the 10 EMA, but I am not closing previous trades. That is called the caterpillar strategy. If price breaks the 10 EMA clearly, I will close everything. That is my exit ...

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The Pink line where price is now is the 200 SMA. I expect it to pause here or slight bounce before the next fall. Look at how it behaved at the 200 EMa in May.

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No, don´t play the bounces. It is not worth it and it is dangerous to go against the trend. Also, price can move sideways to the EMA. Just Sell when it gets close to it.

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Here is a simple way to trade the Gold drop. On the left is the H1 chart of the May drop. On the right is the H1 current chart. The white line is a 10 period EMA. Sell when price approaches the 10 EMA. Close after 15 to 20 dollar drop. Sell again ...

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I just closed half the gold shorts. I expect a bounce around this level. Not much, maybe $10 but will reenter when completed.

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I trade with my Extreme TMA system. I have a thread for it that I started in 2012. I have changed it quite a bit since those days, and it is still making steady pips today. The MA´s are just for visual reference and are not part of the system itself. ...

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I am trailing price by $7, so if it bounces, no problem. It looks pretty solid down though. I would not try to catch this falling knife...

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The Gold Sell Megatrade is going well. Entered at 2467 and now 2445 and getting better. Hopefully will reach TP by Monday if all goes well.

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