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Alorente replied May 17, 2012And to determine trend by where it is in relation to 200MA
Extreme TMA System
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Alorente replied May 17, 2012In order to Buy, price must be outside of the bottom band. Can you post a picture. I cannot visualize what you are trying to say. I think you are confused on what is the Buy area. The rules are clear. Please, read them again.
Extreme TMA System
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Alorente replied May 17, 2012The Gaps — Going back to the gap question. I just revisited the weekly data of the past 20 years very carefully. Since 1992 to the present, there have been 9 weekly gaps, not including the 2 in a row we just had. ALL OF THEM were closed: 4 ...
Extreme TMA System
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Alorente replied May 17, 2012What indy is this? Who has it? Iīd love to check it out.
Extreme TMA System
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Alorente replied May 17, 2012For every Flag and Pennat that work I can show you 3 that donīt. I stopped using them a long time ago. Gold should retest 1600 next, which also happens to be the 50% Fib retracement. It is a big important round figure. I am very sure itīs going ...
Extreme TMA System
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Alorente replied May 17, 2012I think GU has gone as low as it will go on this wave. It went just over the Daliy TMA band AND it hit the 200 MA on the Daily, which is almost impossible to break on the first try. It should rebound here and then go back down to at least 1.5640 ...
Extreme TMA System
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Alorente replied May 17, 2012I'm confused because when slope start to rise and go to "BUY ONLY", already touched the sell band and you'll never know when is a begining of a uptrend or just go in a ranging one so will turn down, and you can't study the history also because of ...
Extreme TMA System
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Alorente replied May 17, 2012I usually do not counter trend either. I did this time because of the gap left open at 1.3080. I said the other day that I went back into history on EurUsd till 1993 (All the data I have) and not one time has a weekly gap been left open. In this ...
Extreme TMA System
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Alorente replied May 17, 2012I was out too early because I was expecting the test of the neckline from underneath to occur sooner. In the end, it should end up the same. I am long now and the neckline should be tested at 1.30 and around there I will short again. I never ...
Extreme TMA System
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Alorente replied May 17, 2012You can see larger TF channels than the chart TF but you canīt see smaller TF channels on larger TF charts. They all revert to the chart TF. Why? I donīt know but it has always been that way.
Extreme TMA System
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Alorente replied May 17, 2012Analyzing the Daily chart of UsdIndex, EurUsd, Gold and S&P500, I expect consolidation in UsdIndex to 80 and then breakout to a new high. Of course, anything can happen...
Extreme TMA System
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Alorente replied May 17, 2012We donīt use the High/Low ATR templates any more. We use the Lorente Large chart template that treats all pairs the same, at 2.0 ATR Multiplier which is the default value in ExtremeTMALine and Slope indicators. You should try to read the entire ...
Extreme TMA System
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Alorente replied May 17, 2012I just went in very small for a counter trend rally I expect to happen today and tomorrow. Nothing big. I agree. The trend is still higher. This trade is a scalp trade for 50 to 100 pips max, which does not follow the Extreme TMA rules. I donīt ...
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Alorente replied May 16, 2012I really do. Anything can happen in this business, but after such a steep rise and having come so close, I am still looking for it to test the 61.8%.
Extreme TMA System
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Alorente replied May 16, 2012I agree with you. Maybe the Fed Minutes will be the excuse they use to move this higher.
Extreme TMA System
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Alorente replied May 16, 2012Yes. I believe we are headed to parity by October or November.
Extreme TMA System