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- KumoDragon replied Jun 1, 2012
Well the fact that it already moved up over 173+ pips left a lot of room for my short, which was eventually stopped out for +5 anyway. I would have held on to it, but being Friday and all I just let it go. That's the beauty of AL's method and IMO ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
If anyone, "knew," they would be a millionaire trader from the future, who travels back in time to make use of his knowledge.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
For long OR short 15M can be within ranging numbers. ranging numbers = -.25 to +25. So, it was still in ranging numbers on 15M on my chart, while the 4H was negative. So, technically positive is +.26 or more.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
P.P.S Up +36 locked +5 because it's friday and I dont want to hold on to a trade as the day wears on and price stops moving for the weekend.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Someone else here is. Was that you I was talking too about it? Try it if it helps you. I dont see the need myself. I tried TDI three other times with different methods. I fricken hate that indicator. It's a lot like stochastic cross method, looks ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
I'm short in EU. At last candle open, candle briefly went red and Trix breifely went red before I could even capture the picture, then colors turned right back. Spread also widened to +10 on me. We'll see if I get taken for a ride on another wild ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Yes, but keep in mind it's Friday. It could very well give you a trix/ red candle start and then go up even more. But, from bottom to top it's already moved 170 pips Long. So, long moves could very well be exhausted. Demo it or trade with very small ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Thinking of shorting EU but waiting for the signal. I think what we are seeing here is the, "Hey it's friday, lets run all the stops retail traders have put while riding short all week," move.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Nope. The numbers are right, BUT, there is no Red HK candle yet and the fast trix has yet to change color. You watch for the spike past, but then you need the signal that shows price may be changing. If you go in now you are trying to guess the top ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
P.S. Make sure and trade your own charts though and what you see. I'm not giving any advice here on what trades to take. So, please dont take trades based on something I say. I'm just saying what I see according to the rules for this method.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
As per the rules I wait for price to CROSS the top TMA line, which EU did a little, NOT JUST TOUCH. Then I'll wait for either a RED HK to start forming and or the fast trix to change color. If you enter on touch you could very well get in on a long ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
There are indicators all over the place for round numbers. Do a search you'll find a zillion. Round numbers are just every 50 and 00. Price bounces because of psyche levels/human nature.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
P.S. Also it is Friday. Even without news Fridays can often be very whippy and have wild moves. Reason being is lots of traders and financial institutions are getting out of trades and taking profits. So, be extra careful on Fridays even without ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
NO, no long. H4 is negative numbers AND pair is more strongly trending short. (-41 on my chart, which is well out of ranging) By the rules if you wanted a long, the 4H numbers would have to be in ranging mode for a 15M entry. (As well as the 15M) If ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Example of round number price action — Here is my last AU short trade where I was stopped out at +46 pips. As you can see, if I had put my stop up just a few pips I'd be sitting pretty right now with over +100 pips. Entry is top horizontal ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Unemployment news reaction. Careful if you are in now.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Nope, I'm using the same method as described in post 1. Only thing I added to the template was a bolinger band and a round number indicator. Method works great because you don't enter until price has moved to an extreme that it is likely to retrace ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
No, theres entries in trends. It's just that in tight range, you'll get more entries because you'll be able to hit a pair from both the top and bottom and play ping pong as it goes sideways. You get extreme spikes in trends too. Also, watching the ...
Extreme TMA System
- KumoDragon replied Jun 1, 2012
Templates are already attached in the first post packet. It has all the templates and indicators. "lorente large," is the template currently being used.
Extreme TMA System
- KumoDragon replied Jun 1, 2012
2. Ya Aussie moved nice. I only took +46. It went 90 then I locked in, stopped me out by the round number and now is 100+ Should have took 90 when it did the first dip on me. 3rd time I'm out larger pips locking in and hanging on for more. I think ...
Extreme TMA System