I closed it with a small profit, but it retraced 10 bucks to 1749. I could have made a big profit had I waited for it to cross the band.

Extreme TMA System

You use the same chart and site that I use. FxPro, my broker does not have a USDIndex chart. I wish they did. If anyone knows of a better chart, please let me know. Another thing I like about ForexPros is the members sentiment %. It is uncanny how ...

Extreme TMA System

EURAUD is a good example of why I stopped placing Stop Losses. As you can see, the SL at 1.2465 would have been triggered, but it is perfectly normal for a pair to double top before coming down and becoming a profitable trade. I understand that you ...

Extreme TMA System

You followed the system better than me. I´ll settle back into my trading routine in a couple of days. It´s taken a bit to adapt to doing both things, but it is also a lot more fun.

Extreme TMA System

Nice to see you visiting Comer. From the looks of it, how do you see the possibility of creating an EA?

Extreme TMA System

Hola Tio. De que ciudad eres?

Extreme TMA System

I have not mentioned another condition that I use with this system, which I will also be adding to page 1: If after placing a trade, the market moves against me, and the TMA center line reaches my entry price, I then set a BE Target Price. That´s ...

Extreme TMA System

I mentioned on Page 1 where the logical SL would be. Above the previous swing high for short, below the previous swing low for long. For example, if you were to short right now EURAUD, your stop loss would be placed at 1.2465. I will make it clearer ...

Extreme TMA System

Trades today: EURUSDShort = +39 pips Closed Position (Should have reversed and taken the long. It quickly went to the other band for 50 pips, but had decided not to go long the EUR) Gold Short = + 15 pips. Closed Position (Should have waited for the ...

Extreme TMA System

Yes. If price drops another 100 (200 total) instead of recovering 50, I enter an order for 2 lots additional. On the next 100 drop, you enter 1 lot order, but close the first order at a loss. It is extremely improbable that price will not pull back ...

Extreme TMA System

Good trade lining up on USDCHF. 1 is done, still need 2 & 3.

Extreme TMA System

Yes if it is level or in the direction of your trade, the probability of a more profitable trade increases. But slanting in the opposite direction does not preclude the trade, it just makes it riskier.

Extreme TMA System

EURUSD has spent most of the day within a 30 pip range. Hard to make pips today.

Extreme TMA System

Price is too close to center line with TMA dropping leaving little room for profit to the opposite band. Not a high % trade.

Extreme TMA System

For those that don´t understand how recovery works. Let me give you a simple example: 2- I open a 1 lot order in account A. 2- Account A drops 100 pips. 3- I open 1 lot trade on account B. 4- If price recovers 50 pips I am at BE on the total of both ...

Extreme TMA System

No. 1 lot of EURUSD has to drop close to 270 pips for the account to close. I place my recovery trade when it drops by 100 pips. In all honesty, since I use the Extreme TMA system, I have never had an account closed and I only had to use recovery ...

Extreme TMA System

Great short on EURAUD. Just went in with the 3 conditions active.

Extreme TMA System

Well, well... Gold ended up crossing the band after all to 1749 to the Daily Pivot. I figured it would. I left some pips on the table on that one.

Extreme TMA System

Sure. Price moves from band to band over 90% of the time. It´s just a matter of how long it will take to move there and where the band will be pricewise when it does.

Extreme TMA System

Yes.

Extreme TMA System