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Alorente replied Feb 29, 2012In this last trade, again, Price tested S4 with two successive bars.
Extreme TMA System
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Alorente replied Feb 29, 2012Long Usd Cad. Same case as before. Rule 4 not there just yet but MA about to cross (by looking at the MA Cross lines I can tell), and price extremely oversold and resting on S4.
Extreme TMA System
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Alorente replied Feb 29, 2012Always the opposite band unless it stalls on center line which in this case coincides with R1.
Extreme TMA System
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Alorente replied Feb 29, 2012Man !! you are an example of hoe to use the System profitably. I am very happy for you. Wait till you start digging in to the incredible Slope indicator. Your winnings will go even higher.
Extreme TMA System
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Alorente replied Feb 29, 2012Also, notice that it was the second time it tested R2. So, 1- Price overstretched above the band. 2- Price is testing the Resistance level for a second time. Almost a sure winner.
Extreme TMA System
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Alorente replied Feb 29, 2012On Watch — Gbp USD This can turn out to be a great trade. The upward slope of the TMA is slowing fast and Price is at the top band. This is a trade where if you are a bit aggresive like me, you could skip rule 4 and sell short when it touched ...
Extreme TMA System
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Alorente replied Feb 29, 2012Today we are seeing the other side of the Extreme TMA System. Maybe its most valuable side. It keeps us out of trading when good trades are not there to be had. This is the biggest problem of most other systems IŽve tried. They get you into the good ...
Extreme TMA System
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Alorente replied Feb 29, 2012Good deal ! IsnŽt it great to make money while you snore away and dream beautiful dreams...
Extreme TMA System
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Alorente replied Feb 29, 2012Yes, and watch how the slope indi drops off the table when you are close to entering.
Extreme TMA System
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Alorente replied Feb 29, 2012No. I only use recovery on trades that go -100 pips against me. I will take a small loss now and then, like I did yesterday. Those are included in the win/loss percentage. The recovery trades are not. Recovery trades I count as losers after they go ...
Extreme TMA System
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Alorente replied Feb 29, 2012Another important point if you want to become a top trader. You mentioned in your post using the TMA system exclusively. My first thought was "Why would I do that". I donŽt care how good a system you have, it will always be better to get second and ...
Extreme TMA System
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Alorente replied Feb 29, 2012No, but it is pretty certain that I will now use the TMA system as my primary system to enter and exit orders and the THV4 system as a backup to give me a good overall view of where the market is and what it is doing. THV is better than TMA at ...
Extreme TMA System
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Alorente replied Feb 29, 2012Here is a comparison of what I was just saying in my previous post: The M15 chart below, paints the last 3 candles in a pretty hectic fashion. An extreme move to much below the opposite bar that scares all but the most experienced traders. The H1 ...
Extreme TMA System
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Alorente replied Feb 29, 2012A message for inexperienced traders: I have been observing in minute detail how the Extreme TMA System works in the H1 and H4 time frames and I am very happy with the conclusions of my observations. I especially like the H1 time frame. The signals ...
Extreme TMA System
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Alorente replied Feb 29, 2012Must wait for the market to settle down before entering trades now.
Extreme TMA System
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Alorente replied Feb 29, 2012WeŽll agree to disagree. In my view Stochastics is only useful in a ranging market. In trending markets it is totally useless except to point out divergences as you get closer to change of trend, but RSI and Trix do a better job at divergence ...
Extreme TMA System