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Alorente replied Feb 22, 2012I recommend that you install the MA Cross lines. It gives you a great idea of how close you are to a cross. I am posting it below again for those of you that did not grab it in my other post. I already changed the period to 10 so it is ready to go.
Extreme TMA System
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Alorente replied Feb 22, 2012No. As I said before, on that one I jumped the gun of condition 3, which is something I don´t recommend you do.
Extreme TMA System
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Alorente replied Feb 22, 2012No. I was thinking of the one Ihdt has also. It shouldn´t be difficult to pull that and make it a separate indi.
Extreme TMA System
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Alorente replied Feb 22, 2012No. I always target the lower band and I only change that if I detect changes in the market. I am going to the lower band with both trades.
Extreme TMA System
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Alorente replied Feb 22, 2012As we discuss different issues, aspects of TA, etc. a nice amount of info is being generated. At some point I will gather and organize the info and publish a PDF with it for all that will be revised repeatedly as we go forward.
Extreme TMA System
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Alorente replied Feb 22, 2012It´s a veeery slow day today, which is good because I have a lunch appointment later on with a very important person; my mother. I´ll let you know when I leave. I´ll be away for 3 hours.
Extreme TMA System
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Alorente replied Feb 22, 2012I entered both shorts EURJPY and EURGBP a while ago.
Extreme TMA System
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Alorente replied Feb 22, 2012That has a change of doing what GBPJPY did earlier.
Extreme TMA System
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Alorente replied Feb 22, 2012Yes. Past TMA is not accurate as we have said before.
Extreme TMA System
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Alorente replied Feb 22, 2012No I won´t bet against the dollar, but I´ll take any trade against the Euro. Even EURJPY which I´m also looking at right now because it is meeting all 3 conditions.
Extreme TMA System
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Alorente replied Feb 22, 2012I keep an eye on them, but I believe all news events are reflected in the price action. I´m almost a TA purist. I like to read fundies also though, but I won´t let them sway me on my trading decisions. I go by what the charts tell me.
Extreme TMA System
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Alorente replied Feb 22, 2012Many traders use Fib Points. I find them more accurate. That has been my experience over times. I am a strong believer in Fibonacci numbers.
Extreme TMA System
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Alorente replied Feb 22, 2012But please, follow the rules... I sholdn´t have said that... sometimes I think out loud. It is important for now that you follow the rules. You should wait for a MA Cross red bar.
Extreme TMA System
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Alorente replied Feb 22, 2012I like EURGBP very much. In fact, it will probably be my next short. I am tempted to take it right here...
Extreme TMA System
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Alorente replied Feb 22, 2012I sold my 30 year old US company ( url ) in early 2008 and I moved to Spain with the money. I´m all set for life. I don´t "need" to trade for a living. I do it because it is fun and a great challenge. I am doing this now because I feel good doing ...
Extreme TMA System
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Alorente replied Feb 22, 2012No. Since I started the thread yesterday, I am not doing my usual trading because I simply don´t have the time. If I spot a trade when I´m analizing one of your questions, I´ll take it, but I will take profits on the other band and keep waiting ...
Extreme TMA System
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Alorente replied Feb 22, 2012Risk off periods can be more volatile because people are scared to own risk assets. I´m not saying we are in one now. I "think" we are entering one.
Extreme TMA System
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Alorente replied Feb 22, 2012Darker bars mean the color present can repaint. The more to the left they are the less likely to repaint. Lighter color is written in stone. They will not repaint.
Extreme TMA System