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Alorente replied Feb 21, 2012Alex, another thing. A Spike with the thin line is still valid to take a trade, it is just a little riskier but I take trades with spikes with thin lines when I see condition 3 happen.
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Alorente replied Feb 21, 2012Because I know the system well, I jumped the gun and shorted half of my position on EURGBP without condition 3, because the trade is realy juicy. I donīt recommend you do those things though until you master the system.
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Alorente replied Feb 21, 2012To answer your question clearly: Once price touches or goes above the opposite band, you start looking to reverse the order with condition 2 and 3. If 2 and 3 happen, price can be inside the band and you can still place the order, but the higher it ...
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Alorente replied Feb 21, 2012Yes but look at EURGBP. Much better trade. Way above the top band. Better risk/Reward
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Alorente replied Feb 21, 2012There is a great trade shaping up on EURGBP. Price is way above the top band. all it needs is the red bar on MA cross for a short. Thatīs the best trade right now.
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Alorente replied Feb 21, 2012No. You misunderstood me. I donīt mean the color of the Heiken Ashi candle. I mean the color of the MA Cross bar. That needs to turn red to go short. The color of the HA candle is not an issue. You should read the conditions on Page 1 3 or 4 times ...
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Alorente replied Feb 21, 2012Iīm sorry. Donīt know what I was thinking change from 2.0 to 3.0.
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Alorente replied Feb 21, 2012Another tip: If you are trading the euro, keep an eye on the USD pairs, like USDCAD or USDCHF. If you see they are very overextended, that may mean the Euro will also turn soon. Since the EUR moves against the dollar, a change in the direction of ...
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Alorente replied Feb 21, 2012By the way, I always leave the order open at night with this system. What I do is set as a target price the level of the opposite band. Most of the time you wake up with the trade closed and the profit in your account. Just make sure you set your ...
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Alorente replied Feb 21, 2012Itīs a good short now when the bar closes red. A great short. It will be a while before it changes color though.
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Alorente replied Feb 21, 2012On my EURUSD my condition 2 is done. I have a Bear Spike, so now I look for a red color on the MA Cross bar and a close on red and Iīm in with a short.
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Alorente replied Feb 21, 2012I agree. First learn the system well, then you can move to Signal to Signal. For now take your profits while you learn.
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Alorente replied Feb 21, 2012Do you mean you donīt have the winRar program? You can get it free here url If you canīt get it for some reason, PM me your email and I will send you the files.
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Alorente replied Feb 21, 2012Mauricio, on this position you will see that you have the D1 Pivot just under the top band. It would be wise to take profit there. It may break the Pivot and keep goĄng to the band but itīs risky. It is always important to keep an eye on the support ...
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Alorente replied Feb 21, 2012Good deal ! Iīm happy for you, Mauricio. Are you Signal to Signal or are you exiting?
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Alorente replied Feb 21, 2012Yes you would have to change from 200 to 300 or so, but the moves are not as predictable as far as exits are concerned because Price is all over the place with respect to the bands.
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Alorente replied Feb 21, 2012So far today, the system is 3 for 3 (2 longs and a short) for about 230 pips in profit. If you add to that the order that was opened from yesterday which closed this morning, it would be an additional 70 pips. The trades are attached.
Extreme TMA System