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Alorente replied Feb 24, 2012I was also thinking that I have spent so many hundreds of thousands of hours studying, thinking about and learning everything I could get my hands on about the markets, TA and trading and that it would be a huge waste that all that I was able to ...
Extreme TMA System
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Alorente replied Feb 24, 2012This is unreal. As I was coming back from the golf course, I was visualizing doing just that. Compiling all the tips we talk about and writing a section with them on page 1. when I have some time...
I will get started on it...Extreme TMA System
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Alorente replied Feb 24, 2012Holy Moses, I think I have to learn Greek now. Or is it Russian...
Extreme TMA System
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Alorente replied Feb 24, 2012Thanks for your post. Iīll answer the gap question first. NO!!!. Never enter a market after a gap open. Over 90% of gaps are closed, many times even in the same day. The place to buy is right after the gap closed. For example, If EurUsd gaps open by ...
Extreme TMA System
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Alorente replied Feb 24, 2012True. When you spend three decades looking at charts for hours every day, you reach the point where they almost speak to you. Things just pop out at you clearly. There are still surprises often though, like the levitation act that Eur Usd is putting ...
Extreme TMA System
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Alorente replied Feb 24, 2012Thank you Mary. Iīm ok with criticism. It is refreshing to be able to speak your mind. As long as there is no disrespect, I think it can be constructive.
Extreme TMA System
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Alorente replied Feb 24, 2012It looks pretty good to me. Did you make it yourself?
Extreme TMA System
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Alorente replied Feb 24, 2012I think it could have gone much higher as much as EurUsd has climbed. When Eur consolidates. you should be able to get out of this trade at BE pretty easily in my opinion. You are only down 30 pips. Thatīs easily recoverable.
Extreme TMA System
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Alorente replied Feb 24, 2012Hello Mike, Iīll think about trend definition for us over the weekend. I would say it is the only weak link in our system right now and a great system like this one canīt have any weak links.
Extreme TMA System
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Alorente replied Feb 24, 2012Iīm out of the open order I had on EurGbp at BE. Still have open: UsdChf, AudNzd and EurAud.
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Alorente replied Feb 24, 2012Rule one is subjective until we have a more objective indicator. I wouldnīt take that trade, but you decide.
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Alorente replied Feb 24, 2012Ikeo, You are right in some of what you say, but a few things you mention are a bit out of context or not factually correct. I didnīt ignore what you said about German IFO. I have said several times that I keep an eye on the news but do not trade by ...
Extreme TMA System
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Alorente replied Feb 24, 2012Thanks. Read what I posted this morning about EurJpy in answer to Alex.
Extreme TMA System
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Alorente replied Feb 24, 2012EurUsd is right below R1. It is unlikely that it will break it. I would not short it because it is already on center line, but that bodes well for other shorts on Eur pairs, like EurAud and EurCad. EurGbp has already cracked.
Extreme TMA System
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Alorente replied Feb 24, 2012EurAud — Since I will be gone by the time this order plays out, I am setting a TP of 1.2445 on it. That would be a nice profit for me of +41 pips. I am +8 pips on the trade right now.
Extreme TMA System