...not letting the winners run as they should. There is the difference between winning consistently and breaking even or losing consistently. The key to trading is to let the winners run. That´s why I am moving more and more to the H4 and D1 bands ...

Extreme TMA System

It will be ok. The move to the opposite D1 band has begun.

Extreme TMA System

Very good post. Yes, it is crucial to have confidence in your system, to avoid exiting a trade prematurely or too late. Once the conditions are met, you must have the patience to let the system do its thing.

Extreme TMA System

Excellent and very helpful analysis. Thanks.

Extreme TMA System

I am medium and longer term Long on UsdJpy. See attached chart. I will hold till top channel wall (Around 86). Please, take into account that both the 50 MA (Red) and the 200 MA (Blue) have just been broken, which means they will act as support for ...

Extreme TMA System

In the case of UsdCad, the W1 is unpredictable, but the D1, H4 and H1 are all ranging. I am long UsdCad and will hold to the opposite D1 band, exiting in stages.

Extreme TMA System

The swap shorting AudUsd is considerable, but usually not over 10% of profit. I consider it a cost of doing business. Of course, it is much, much lower with other pairs.

Extreme TMA System

Of course, everything is relative to account size. Still, scaling in and out of a position is more consistently profitable than entering all at one time. Let´s say you are trading 4% of your account in a position. Entering and exiting 1% four times ...

Extreme TMA System

For example, I built a 10 lot position on AudUsd, two lots at a time. I started at 1.0375, 1.0410, 1.0450, 1.0505 and 1.0590. Average entry price: 1.0466. I intend to exit 2 at a time at: 1.0375, 1.0300, 1.0250, 1.0200, 1.0100. Average exit price: ...

Extreme TMA System

Yes. Definitely. I scale into every trade and scale out also. It is impossible to pick the exact top or bottom consistently, but if you scale in and out, you don´t have to.

Extreme TMA System

Yes. The RSI trendline almost always breaks before the price trendline. This is a nice trick that allows you to confirm the turn and jump in near the top or bottom (Long or Short).

Extreme TMA System

This is an important point. As long as you are trading in favor of the D1 TMA, even if the trade initially goes against you, it will eventually travel to the D1 opposite band and allow you to recover. Very good, Tess.

Extreme TMA System

Other commodity currencies Aud and Nzd have begun to give way. Cad should follow soon. Maybe with today´s CPI figures.

Extreme TMA System

I agree with everything you said. Any piece of bad news could reverse UsdCad very quickly.

Extreme TMA System

That is why I like to begin my analysis with the W1 and D1 TMAs. They are much more stable than the shorter term TMAs and much better for determining direction.

Extreme TMA System

If it was easy, it would not be as much fun. I like the fact that trading is difficult. Once you become profficient in it, the feeling of accomplishment is much more satisfying than the money you can make.

Extreme TMA System

I tried KorHarmonics the last 2 days. I cannot see that it adds much to what we already have. It is also processor intensive. I removed it from my charts today.

Extreme TMA System

Hello Shah. Nice to have you back.

Extreme TMA System

I am in recovery in UsdCad. I see a short term target of at least 1.02, to the opposite band of D1 TMA.

Extreme TMA System

Do you have trading instructions or a manual that explains when to trade long, short, exit, etc.

Extreme TMA System