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Alorente replied Feb 23, 2012I think EurUsd will continue to 1.3390 where R5 is before it comes back again, so that could be a good short level when all the rules are met.
Extreme TMA System
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Alorente replied Feb 23, 2012Itīs against R4 now which is good. TMA is climbing steeplywhich is bad. EurUsd is very strong which is bad. The spike is there which is good. MA Cross is at least an hour from crossing and turning red which is bad. So overall, I wouldnīt do it yet.
Extreme TMA System
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Alorente replied Feb 23, 2012Out of Eur Aud at 1.2479 for +13 pips. Reason is EurUsd still very strong and price is on R1 support.
Extreme TMA System
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Alorente replied Feb 23, 2012Sorry guy. I have never done this before, but I am expelling you from the thread. We are too busy here, and this is the third time you waste our time with nonsense.
Extreme TMA System
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Alorente replied Feb 23, 2012Can you believe the move in Oil in the last 5 hours. I missed that one too. I normally donīt miss clear homerun orders like that. That long was a textbook Extreme TMA winner. Upward trending channel. Price way under the bottom band. Spike and Blue ...
Extreme TMA System
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Alorente replied Feb 23, 2012Now, EurUsd will test the center line which is close to R1. If it stalls there also, Iīll get out again and pocket another 12 pips.
Extreme TMA System
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Alorente replied Feb 23, 2012Iīll explain. EurUsd broke out to a new high, so now it has to do the topping work all over again. EurAud dis not break out. It tested the previous top and retreated. Itīs much weaker. Thatīs a better choice. Shorting a strong breakout is dangerous ...
Extreme TMA System
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Alorente replied Feb 23, 2012Yes. In my experience it double tops or bottoms about 70% of the time, so I will often do what I just did. Get 10, 12 pips on the first drop and if it stalls I get out and in again at the top. At the end of the month, if you do that twice a day, ...
Extreme TMA System
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Alorente replied Feb 23, 2012When in doubt get out. If price is having trouble with a S/R level itīs better to take your 10 pips than lose them. There is always time to try again. I will never tire of repeating how important S/R levels are. Especially if the pair has not tested ...
Extreme TMA System
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Alorente replied Feb 23, 2012EurUsd — I thought about it also but I didnīt dare yet. Youīll probably do well with it.
Extreme TMA System
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Alorente replied Feb 23, 2012EurAud — Now you see what I mean about making a double top when the down move stalls. Now itīs ready for a great short because all the sell stops were already taken out on EurUsd, so t should drop now..
Extreme TMA System
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Alorente replied Feb 23, 2012Not for a long time. EurUsd broke out. Glad I jumped ship on EurAud. It felt weak against R1.
Extreme TMA System
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Alorente replied Feb 23, 2012Are you talking about backtesting as compared to live?
Extreme TMA System
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Alorente replied Feb 23, 2012AudNzd looks spectacular for a long. Sitting right on the Pivot and good for 30 pips to the top band.
Extreme TMA System
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Alorente replied Feb 23, 2012It was struggling with R1 and EurUsd is still holding strong. Iīll catch it higher again maybe. Iīm looking at Eur Cad thanks to Lionden who woke me up to it. That is some great trade shaping up.
Extreme TMA System