There were two great shorting opportunities in Oil yesterday. I missed them because I was so busy typing. There will be more though. Oil should also drop in a risk off period.

Extreme TMA System

Exited the Gold position with a nice profit. Tails are starting to show up on Heiken Ashi candles. Will short again when it returns to the top band.

Extreme TMA System

Risk on and risk off are two terms that the financial industry has been using since the financial crisis began. Basically Risk Off means: S&P and other stock indices down dollar up Eur down Yen up gold down This can change, but right now those are ...

Extreme TMA System

No. You don´t have to wait, but it is riskier to enter a position against the direction of TMA. In your case, I expect Dax to drop with S&P, Gold and the EURO, so I would be leary to open a long there. I would wait for Dax to be on the upper band ...

Extreme TMA System

This is a good time to talk about Heiken Ashi candles. As you can see on the gold chart, when HA moves strongly, the candles don´t have a "tail". No thin line on the backend of the bars. Tails start to appear as the move is exhausting. In the case ...

Extreme TMA System

Gold was stubborn but it finally hit the lower band. I think it will go through it so I´m still holding the short.

Extreme TMA System

Of course not. A turn sideways after a strong uptrend could be a consolidation period to continue higher later. More often than not though, it will reverse to a down leg. If the reversal happened 100% of the time we would indeed have the Holy Grail. ...

Extreme TMA System

I entered the order at 9:00 CET when I got my spike. True, I did not wait for the red bar to appear, because I know the system. I had the MA Cross Lines indicator on the chart and I could see that it was nearing a cross. From my other charts with ...

Extreme TMA System

That makes me happy Mauricio. Is this with monopoly money or real bucks?

Extreme TMA System

Yesterday I posted about TMA true. Please, read it. I I say in my post, it is useless. It gives TMA a bad name.

Extreme TMA System

Gracias amigo.

Extreme TMA System

As expected, Gold seems headed to cross the bottom band. It should stay down there and "pull" the TMA downwards with time.

Extreme TMA System

Yes. I´m an itchy guy. My mind always goes at a thousand miles per hour, so for a long time I scalped in lower time frames also. With time, I realized that profits were lower than with higher time frames. When scalping, you tend to be stopped out ...

Extreme TMA System

Not quite. Again, the most profitable trades are actually right after the TMA has been rising steeply and begins to turn sideways preparing the down move in the wave, or viceversa for longs. So you could say that the trend was up, so it´s not going ...

Extreme TMA System

Great trades. I saw the potential in them but in the end, decided to short the EUR. Same result. You should make nice profits from both.

Extreme TMA System

I believe right now we may be starting the strong break that I was expecting in USD. I took a short on the EUR when it touched the upper band 45 minutes ago an it is paying off. This is all supported by the drop in S&P futures and gold. I expect ...

Extreme TMA System

A good habit to get into is to take a snap shot of your chart at the moment of your trade. That way we can analyze the pros and cons of the decision. To look at the chart after the fact it is hard to say because TMA has repainted.

Extreme TMA System

I just checked the USD index again. I expect it to climb fast and steep to around 82. Be very careful with USD shorts or EUR longs right now

Extreme TMA System

Ouch. Shorting USD is a bit dangerous now. I posted last night the instructions for recovery. It is very important that you read it and understand it well before using it. though. In it, you have the values at which point you place your subsequent ...

Extreme TMA System

Another point. The ideal trades are those that go with the flow of the TMA. In other words, If you are shorting, you want the TMA to be level or dropping at that moment, not rising steeply. It makes sense. If it is rising steeply, the lower band ...

Extreme TMA System