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Alorente replied Feb 24, 2012Good question. I shouldnīt have posted my order, but I feel bad if I trade and I donīt tell you about it. You are correct. Rule 4 has not yet happened, but my MA Cross Lines are beginning to narrow, R1 is right above and I doubt heavily that it will ...
Extreme TMA System
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Alorente replied Feb 24, 2012Here is the S&P 500 Daily chart. I am showing 6 Bear Divergence red arrows in the Trix indi and two clear Bear price divergences on the RSI. I expect around a 5% correction starting between now and early next week. This correction should also drag ...
Extreme TMA System
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Alorente replied Feb 24, 2012I entered short EurAud at 1.2486. Jumped the gun because of R1 resistance at my back.
Extreme TMA System
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Alorente replied Feb 24, 2012EurAud is becoming a great short again. I think I have shorted that 10 times in the past 2 weeks and I have won every time. This will make it the 11th.
Extreme TMA System
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Alorente replied Feb 24, 2012Last night I mentioned that a USD/JPY long, had the potential to become a great trade. I wish I had listend to myself. I would have woken up this morning to a an +80 pip profit. I donīt remember who but one of you took the trade. Congratulations.
Extreme TMA System
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Alorente replied Feb 24, 2012I keep an eye on news but they never affect my trading one way or the other. My trades are based on the technicals with some fundamental background but not much.
Extreme TMA System
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Alorente replied Feb 24, 2012I agree with you, but it is hard to establish concrete rules on recovery, because each situation is different and should be evaluated solely on its own merits. It is impossible to establish general rules that will apply to all situations. Sometimes ...
Extreme TMA System
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Alorente replied Feb 24, 2012I agree with you. I only stay with a trade and try recovery trades when I believe in the trade, both fundamentally and technically. If I short something at 2 because I believe in the trade, and it goes to 3 and after reviewing the technicals I still ...
Extreme TMA System
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Alorente replied Feb 24, 2012This is a very important point. This system is practically infallible if you always take profits at center line, and about 85% accurate if you always take profits on the opposite band. It is difficult to settle on where to take your profits. I ...
Extreme TMA System
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Alorente replied Feb 24, 2012Alex is correct. We did not have the trend rule in place on Tuesday. I feel bad about this. I hope there is not a lot of money on the line.
Extreme TMA System
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Alorente replied Feb 24, 2012Yes. I just posted about this. I would appreciate the help of someone that is capable to build such an indicator. It should be visually compelling with colors or arrows and not just angle numbers. Thanks.
Extreme TMA System
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Alorente replied Feb 24, 2012Not an easy question. I expect the euro to come down and the dollar and yen to climb in the next few days, but that is just my opinion. If I had known, I would have discouraged you from entering that trade. Since over a week ago the BOJ expanded ...
Extreme TMA System
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Alorente replied Feb 24, 2012There is nothing wrong with taking early profits. I myself rarely stay for the full extent of the move.
Extreme TMA System
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Alorente replied Feb 24, 2012Thanks Mike, I just said something similar myself. Good job.
Extreme TMA System
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Alorente replied Feb 24, 2012Taylor, you have just made every single minute of hard work since I opened this thread totally worth while. I am very happy that we have contributed to your success. This is just the beginning. I expect this thread to develop into a tight knit ...
Extreme TMA System
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Alorente replied Feb 24, 2012It was dangerous to short EurUsd yesterday since the TMA was angled steeply all day. Please read Entry Rule 1 on the front page. The system works very well in a trending market as long as the trend is not going very heavily against you. This morning ...
Extreme TMA System
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Alorente replied Feb 24, 2012Thank you. I use the Dollar Index continuously. I will check out your site.
Extreme TMA System
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Alorente replied Feb 24, 2012I will look at it and let you know my opinion. Thanks again, Franco. Your work is helping this thread get better.
Extreme TMA System
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Alorente replied Feb 24, 2012Yes. If anyone has the ability to build a steepness indicator that is visually simple, that would be greatly appreciated.
Extreme TMA System