You mean you, yourself, should not trade on Monday because you can't make money? Because I shorted GBPJPY at 132.69 about 5 hours ago and it hit my TP at 132.50. So what is the problem with Monday?? DrDave

Extreme TMA System

ATRmultiplier — Hey folks, if you are going to compare TMA True with the repainting version, be sure they both use the same value for ATRMultiplier! I think that bydefault, one of them uses 2 and the other 3. DrDave

TMA Reality Tour

LWMA or TMA — zznbrm, Did you use TMA or LWMA fo the TMA true indicator? DrDave

TMA Reality Tour

Thanks — Thanks, zznbrm, for starting this forum. I suspect that most noobs want to simply scroll back on their charts and practice looking for setups rather than having to go through all the work of finding a simulator and learning how to set ...

TMA Reality Tour

Have you added a LWMA 56 to a chart and looked at where it plots on the CURRENT candle versus where the extreme TMA midline plots on the current candle? Did you analyze the extreme TMA indicator code to see what is actually calculated? DrDave

TMA Reality Tour

Hi Douania, I can tell that you have not read much of the thread, because you would already know all about the spike indicator if you had. So if you want to skip over a LOT of VALUABLE information, at least try using the search function. Just ...

Extreme TMA System

Let's say I see a setup forming on the M15. I also start looking at M1 and M5, because they have to have a valid setup before M15. M15 may not be a valid entry yet, but if I am looking for a buy and get a pullback on the M5 before the M15 has a ...

Extreme TMA System

Nice trading, penet! Looks like you are buying the beers Friday nght, right? image DrDave

Extreme TMA System

Some experience in reading the chart cycling is required to do the below, so I suggest the newcomers skip this and stick with the rules. This is when I look at M1 and M5 to see if they have progressed to the point to confirm an m15 buy, even if the ...

Extreme TMA System

You can't know in advance if it will be 3, 5, 10, 20, or 30 bars. That is why you need to look at lower charts to see if they are showing you the move is likely ended on the bigger chart.

Extreme TMA System

I agree the bottom is probably in. But WOW! You took a far out look at m15. That is going out to the level of the D1 chart. I am interested just in the piece between the 2 orange dotted verticals. DrDave

Extreme TMA System

EURGBP 5-10 bars? — For those looking for EURGBP to bottom out to buy, have you been looking at H4 and H1 and counting bars? Remember, legs tend to run 5-10 bars then a correction. When the down move didn't show signs of stopping with 7 down ...

Extreme TMA System

And even so, considering you are following and contributing to this thread, I conclude that you still look at TA ideas that are new to you. DrDave

Extreme TMA System

I understand, penet. I didn't even look to see about a valid setup forming. I just thew out some things that maybe you didn't consider when you started checking for a valid setup. DrDave

Extreme TMA System

FOOD FOR Thought — I think 2 of the most useful an underused words that we can implement are "What if...?" DrDave

Extreme TMA System

Also, have you seen even 1 M5 HA candle with a top wick yet? If not, is it even possible that M15 could be turning up? DrDave

Extreme TMA System

When I walk to the intersection, I always look left because the cars coming from the left side are closer to me. After I was run over in the middle of the crosswalk by a car from the right, I started checking that side, too.

Extreme TMA System

I'm no Al, but I see it this way. H1 is indeed overdue to go up. Bands are clustering at the lower H1 band and staying inside H4 channel. However, the small charts need to complete going down first, then start up. I see M15 still needing to go down ...

Extreme TMA System

Painting 1-2 bars later could prove to be a useful filter for the more conservative trader. He would always wait those 1-2 bars after the normal entry signal to see if the arrow paints, thereby putting him in the trade, if still valid, after it is ...

Extreme TMA System

Did you check the position of the H1 bands, the M5 bands, and how they were pointing? When trading the M15, I think not enough has been said about looking at the M5 before pulling the trigger. DrDave

Extreme TMA System