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Alorente replied Mar 1, 2012I will determine Slope value with M15, but I will use bands and resistance of M1. Resistance being the same for all TF, of course, but I can see it on M1 so I donīt have to go back and forth. Regarding this, Shah is now working on adding the M15 ...
Extreme TMA System
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Alorente replied Mar 1, 2012Letīs review. On this trade, Usd Jpy gave me a 5 minute heads up on weakening dollar strength. Enough time to allow GbpUsd to touch centerline and allow me to exit. Do you get a feel for how it works? There can be no hesitation. If A does this, I do ...
Extreme TMA System
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Alorente replied Mar 1, 2012GbpUsd is nearing center line, and Usd Jpy is turning red, so I may exit here.
Extreme TMA System
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Alorente replied Mar 1, 2012I trade at 50:1 leverage and I use 100% of margin in each account. I have 8 accounts open pluss my main account that I use to transfer money to and from the position accounts. I name my accounts by the position I trade in it. EurUsd, GbpUsd etc. I ...
Extreme TMA System
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Alorente replied Mar 1, 2012Set to GMT which most people look at. It is Fibonacci Pivots, not standard.
Extreme TMA System
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Alorente replied Mar 1, 2012Yes. It is like looking though a magnifying glass the lower you go in a TF. Good trick to use.
Extreme TMA System
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Alorente replied Mar 1, 2012But I canīt get myself to short it this close to center line and without resistance nearby. Weīll just let this opportunity go.
Extreme TMA System
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Alorente replied Mar 1, 2012Yes, it tells me that the EurUsd will follow down soon.
Extreme TMA System
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Alorente replied Mar 1, 2012I donīt trade the news. The technicals will do what they need to do to get back in balance.
Extreme TMA System
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Alorente replied Mar 1, 2012FPV is 1.5939 You are right. It wasnīt a by the book trade, and I now see I could have waited a bit and gotten a better fill. Still, I always respect the FPV level and I use it to my advantage. It has made me A LOT of money in the past.
Extreme TMA System
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Alorente replied Mar 1, 2012Iīm happy for you, friend. And you are right. The art of trading is a never ending quest for knowledge. If you stop learning, like in medicine, youīll become stale and innefective fast and you will be run over by the markets.
Extreme TMA System
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Alorente replied Mar 1, 2012Also look at the red arrow that has appeared on the slope indi. The value has started to drop. Always a sign of the probable turn.
Extreme TMA System
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Alorente replied Mar 1, 2012Since the start of this thread, a whopping 7 trading days ago (It seems like a year), I am seeing that the Extrene TMA system with the improvements we have made is a lot easier to trade than it was and much easier than my THV4 system. As you know, ...
Extreme TMA System
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Alorente replied Mar 1, 2012Yes. I am also trading the M1 TF as we speak. I have 14 winners in a row so far. Most small, around 10 to 15 pips, but they add up nicely. I am testing the system on M1 for the last couple of days while at the same time trading the M15 and ...
Extreme TMA System