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Alorente replied Feb 22, 2012Your second point is well taken. Iīve traded many systems in my life but I have to say that this is the only one that is valid and equally profitable on both ranging and trending markets.
Extreme TMA System
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Alorente replied Feb 22, 2012X-Man, how do you handle your risk/reward (SL, TP, etc)?
Extreme TMA System
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Alorente replied Feb 22, 2012Sorry, I failed to include that one. It is still open with +2 pips right now. Keeping it overnight. I will mention the TP levels later for the open trades.
Extreme TMA System
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Alorente replied Feb 22, 2012But those results are close to impossible with a slow day like today. About the best you can get on a day like this today is what X-Man got.
Extreme TMA System
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Alorente replied Feb 22, 2012Iīm with you guy. I added the trend rule to the conditions. We now have more rules to follow. This will give us less trades, but the percentage of winners will increase considerably. With these conditions, it will be imperative that we all follow as ...
Extreme TMA System
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Alorente replied Feb 22, 2012The new entry rules are up. I clarified the MA Crossover rule considerably and I added trend rules. We now have 4 rules to follow instead of 3.
Extreme TMA System
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Alorente replied Feb 22, 2012Wow! Even Ecuador is with us. We are going to end up with more spanish speakers than english speakers. Maybe Iīll have to open a Spanish thread also.
Extreme TMA System
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Alorente replied Feb 22, 2012Yes, you are wrong. I was watching it but decided to wait a while and then forgot about it. There were plenty of long signals at around 1749 to 1750. They were there for quite a while. Iīm still kicking myself for not taking the trade. I didnīt ...
Extreme TMA System
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Alorente replied Feb 22, 2012I used to trade silver but I changed to gold. Silver is highly manipulated by the big boys and not subject to the normal TA guidelines. You can score big or you can get killed. I have done both. I donīt trade it anymore.
Extreme TMA System
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Alorente replied Feb 22, 2012150 to 250 pips per day. Weekly average: 800 pips not trading Friday afternoons.
Extreme TMA System
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Alorente replied Feb 22, 2012Much below par. Tomorrow I put on my traderīs hat and will try to have a big day.
Extreme TMA System
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Alorente replied Feb 22, 2012Thanks. Welcome. Itīs almost never worth staying with the trade when you reach the band. It tends to act like a springboard, sending price back to the opposite band, sometimes violently as happened with the EurUsd trade you are referring to.
Extreme TMA System
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Alorente replied Feb 22, 2012My Trades Today: Closed Trades: EUR/USDShort = +39 pips Gold Short = + 15 pips EUR/JPY Short = BE TP EURAUD Short= +19 pips Total Closed: +79 pips Open Trades: EUR/GBP Short = -29 pips with BE TP
Extreme TMA System
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Alorente replied Feb 22, 2012Closed EURAUD +18 pips. MA Cross flashing blue bars.
Extreme TMA System
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Alorente replied Feb 22, 2012Yes. I agree. I usually trade with the trend and very seldom counter trend. With TMA, setting trend rules is not as easy as X-Man states, because it can be pointing up and change a few bars later because of the repainting issue, but I have traded a ...
Extreme TMA System
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Alorente replied Feb 22, 2012Thanks X-Man. If you only took the trend following trades, were did you enter them in relation to the bands? Did you use the spike and the MA Cross signals for entry?. Thanks.
Extreme TMA System
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Alorente replied Feb 22, 2012Itīs the calm before the storm, Typical of change of trends. From my experience, A news piece will come out that will be the trigger, but this market wants to go down. EURUSD also. Weīll see what happens tomorrow.
Extreme TMA System