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Alorente replied Dec 19, 2018Quadruple divergence in H1. Also, we are working on possibly the second pin in a row on the Daily.
EURUSD only
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Alorente replied Dec 19, 2018If the markets play this with a semblance of logic, we should be under 1.1300 by the end of the week, but we all know that logic is not one of the marketīs strong suits...
EURUSD only
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Alorente replied Dec 19, 2018Digger, where do you get this info? I would like to check it daily myself. Thanks.
EURUSD only
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Alorente replied Dec 19, 2018Hello Pollen. How do you handle your stop loss? How many pips on entry? How do you trail it? Thanks.
TMT Scalping System
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Alorente replied Dec 19, 2018Because they are expecting a dovish news conference. Either way, I expect EurUsd will be lower by Friday.
EURUSD only
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Alorente replied Dec 19, 2018It has nothing to do with being brave. It is a long term position based on fundamentals. What happens tonight is just noise...
EURUSD only
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Alorente replied Dec 19, 2018The markets are expecting a hike. 75% already discounted as of this morning. With a hike, I expect 1.13 will give out tonight. With no hike, maybe up to 1.15 but then down for the rest of the week. It depends more on what is said at the news ...
EURUSD only
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Alorente replied Dec 19, 2018Trump wonīt get a weak $. Above normal growth and a weaker currency do not go hand in hand. I think everyone is getting used to Trumpīs antics as simply noise. I donīt think markets pay much attention to what he says anymore.
EURUSD only
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Alorente replied Dec 19, 2018To cave in to Trumpīs demands would mean the end of Fed independence going forward. That is a precedent no central banker wants to set. They will raise rates today, but may be more dovish going forward, especially due to the collapse of oil prices ...
EURUSD only
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Alorente replied Dec 19, 2018The markets are already adjusting the value of the Euro for the prospect of the UK leaving the EU. It would gradually do the same as the prospect of Germany and maybe Holland leaving would become more realistic. How much would it devalue? Some ...
EURUSD only
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Alorente replied Dec 19, 2018It would not work out as you say. More than likely, Germany would return to the Deutsche Mark and most other countries would continue with a much devalued Euro. In reality, Germany should never have been part of the Euro. The difference between the ...
EURUSD only
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Alorente replied Dec 19, 2018I see this as the greatest trade and method for the next 2 years...Sell and hold a large EurUsd position. Make tons of swap interest and scalp countertrends. In my case I use M1 for quick in and outs, leaving only the short position open at close of ...
EURUSD only
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Alorente replied Dec 19, 2018Simple answer: The US is mostly a domestic market economy, getting even bigger with new tax reductions. Europe is an exporting machine. Tariffs (Protectionism) will kill Europe. They are also way overtaxed at a domestic level. Protectionism will not ...
EURUSD only
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Alorente replied Dec 19, 2018- 3%+ growth in US vs 1%+ in the EU - 2.5% interest in US vs 0% in EU - Political unrest in the EU (Italy, France, Spain, UK, Germany) may lead to new elections soon and continued advances of populist parties. - Brexit uncertainty will continue to ...
EURUSD only
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Alorente replied Dec 19, 2018Tip: Always be on the lookout for H4 - D1 overlaps like the one pictured (CadJpy). An H4-D1 overlap consists of the H4 TMA overlapping the outer D1 TMA band with a divergence present on the RSI and generally against resistance/support areas. They ...
Extreme TMA System
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Alorente replied Dec 19, 2018Thanks. I am short EurUsd. I will let it run to the D1 lower band, maybe even the lower W1 band. I can afford to do this because it is positive swap. It is nice to get paid while you wait. There is some risk due to FOMC today, but I entered short ...
Extreme TMA System
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Alorente replied Dec 19, 2018The updated rules are on post 1. I would read the last 25 pages and start practicing with the new rules.
Extreme TMA System
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Alorente replied Dec 19, 2018Thanks for your comments. In a strong trending market, price will rarely move to the opposite band in a consolidation, so you could enter at center line but making sure you get a candle close in your direction. You would also want to enter with a ...
Extreme TMA System