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Alorente replied Feb 29, 2012This is perfect Shah. Go ahead and eliminate the white bars. Red under 0 and Green above 0. Then send it to me for evaluation. Thanks brother.
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Alorente replied Feb 29, 2012The second one is correct but where is your broker server (Time Zone)? If it is GMT then put o. If he is CET then write 1, if he is 2 hours east of GMT like mine in Cyprus, then write 3.
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Alorente replied Feb 29, 2012Order is entered in the chart attached when price hits R3. Price is very overextended. Slope indi dropping and price under resistance. Great trade to take if the TMA Slope was in the Range Zone which it isn´t, so this is not a valid trade, but it ...
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Alorente replied Feb 29, 2012I just changed the wording of the first entry option so that it is clear that the order is to be entered when touching the S/R line.
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Alorente replied Feb 29, 2012The trigger is when you touch the resistance or the support line. If you want I can add a trigger in the opposite direction like the bottom of previous bar for a short, etc. but it will reduce your profit by a few pips. I enter the order as soon as ...
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Alorente replied Feb 29, 2012I closed GbpJpy and posted final results for today.
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Alorente replied Feb 29, 2012Today´s Trades: Closed Trades: GbpUsd +57 pips AudUsd +73 pips Usd Cad +24 pips Gold +17 pips EurAud +13 pips AudNzd +12 pips GbpAud +23 pips GbpJpy +28 pips UsdJpy +18 pips GbpJpy +10 pips UsdChf BE (Another Recovery success). Total Closed for ...
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Alorente replied Feb 29, 2012OK. Rule 2 is fixed. I will wait to upload the new packet.zip file until we have the Slope indi with the lines from Shah tomorrow.
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Alorente replied Feb 29, 2012You´ve got a lot of reading ahead of you my friend. Read all the posts from today. You need to read yesterday´s posts too if you haven´t read them yet.
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Alorente replied Feb 29, 2012It is a good short, but I personally would like price to get closer to S3, but you can take this trade if you want. I like to take trades as far out of the bans as possible. In this case the ideal would be to be touching S3.
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Alorente replied Feb 29, 2012No. By the rules it is long only trade. I said before that I made a mistake because I read the little number wrong, but I expect to make money on it.
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Alorente replied Feb 29, 2012I have a short on GbpYen and I expect to make a profit on it. Yes. I see the Slope value is 0.89 which is not good, but maximize the chart and zoom out and you will see that Gbp is making a double top at a new yearly high. It is way overextended. By ...
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Alorente replied Feb 29, 2012Also, please consider that Recovery will only work with trades that are not mistakes to begin with. You can put all the make up you want on a pig, but it will continue to be a pig...
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Alorente replied Feb 29, 2012I don´t think that is going to work. It is clear the at you are in an uptrend in that chart, but the values say that you are in a range. I will continue with my -.50 to +.50 because it is giving me great signals and many profitable trades. I think ...
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Alorente replied Feb 29, 2012Maybe you need to close your MT4 and start it again. It should work then.
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Alorente replied Feb 29, 2012Good point. Shah, can you put in the two lines and remove the color white then because it won´t be needed. We will just have the greens and the reds and the two lines. Let me look at it first and then we´ll decide if we should keep it. Thanks for ...
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Alorente replied Feb 29, 2012You are correct. I failed to change the wording of Rule 1 when I changed the others. Thanks for pointing it out.
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Alorente replied Feb 29, 2012We moved to risk off so it is normal that the dollar would rise while stocks and the euro drop. I don´t quite understand your point. Can you elaborate, Please.
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Alorente replied Feb 29, 2012The second. First you have to have the price above the bands. Rule 2.
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