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Alorente replied May 10, 2012You need practice with the system. After many hours with it, you virtually "see" where the bands will repaint to.
Extreme TMA System
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Alorente replied May 10, 2012Great work !! It seems you understand how to work those bands. Keep it up.
Extreme TMA System
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Alorente replied May 10, 2012I donīt trade them. I use them as confirmation of my market view at any moment. Coral above 200 MA = Bull. Coral below 200 MA = Bear. If distance between the two is increasing, the Bull/Bear is getting stronger. If distance is decreasing the ...
Extreme TMA System
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Alorente replied May 10, 2012The basket method works in every market as long as you pick the right side of the market. The file I posted is a Risk on/Risk off basket. PM me your method and weīll discuss it.
Extreme TMA System
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Alorente replied May 9, 2012You are correct. The RSI is telling us that there is still work to be done before a bottom is complete. Price should test the 61.8% Fib and then show an RSI divergence before it takes off again. I will continue trading it in and out for now.
Extreme TMA System
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Alorente replied May 9, 2012Check out the similarity between todayīs EurUsd and last June. Notice how in both situations we broke the neckline after an extensive consolidation. As you can see, last June (A) it was followed by a strong up move and after a few weeks, a complete ...
Extreme TMA System
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Alorente replied May 9, 2012UsdJpy is looking better and better. Here is the Daily chart. Notice the Bullish divergence on the Trix. Also look at the 60th bar (Vertical dotted line) and the bars following it. They move very steeply upward. This will lend support to price ...
Extreme TMA System
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Alorente replied May 9, 2012EurUsd is now touching the bottom Daily TMA band. Every time EU does this it tends to be repelled pretty violently to the center line, which right now is at 1.3185 and happens to coincide with the Coral (Coincidence?). EU can still drop a bit, but ...
Extreme TMA System
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Alorente replied May 9, 2012Great words as usual coming from you. Whether the EZ fails or not, it really doesnīt make any difference, The reality is already written in stone. Europe is in for a lost decade or worse, a lost generation, They didnīt learn a thing from the ...
Extreme TMA System
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Alorente replied May 9, 2012With reference to what you said of the Coral and 200 MA predicting a fall, indeed they are, but not quite yet. The Coral needs to get closer to the 200 MA And if you look at the 60th and 200th bars, they are pointing higher for the next few days, so ...
Extreme TMA System
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Alorente replied May 9, 2012At this point, I simply donīt trust this animal. Anything can happen depending on who blabbers what in Europe. I am on the sidelines till I see a retest or close of the gap at 1.3080.
Extreme TMA System
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Alorente replied May 9, 2012I know. Trust me, Iīm all over it. Iīve already traded it 6 times in the past 3 days. If there is a pair I really know well, it is UJ. Iīm going to have a lot of fun with this baby in the next few months. Itīs great to have the bonus of a possible ...
Extreme TMA System
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Alorente replied May 9, 2012I covered my shorts with a good profit yesterday at 1.2978 and like you, I am now waiting to see how we close to decide if I jump in again. I will only do it on a considerable pullback to at least the neckline. Preferably to close the gap at 1.3080.
Extreme TMA System
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Alorente replied May 9, 2012Isnīt this guy the genius that is always right and said that the Euro was going higher because the Big Money was behind it? Well, so far I think his Big Money is running for cover...
Extreme TMA System
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Alorente replied May 9, 2012There is no sure sign. With practice you will anticipate where TMA repaints. Stiil, this system excels in a ranging market. In a strong trending market like the one we have today, you will consistently get early signals.
Extreme TMA System
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Alorente replied May 9, 2012I no longer believe the Euro can drop like it should. There is too much interest to keep it high in three countries: China, Japan and the US. It is obvious something is going on behind the scenes to keep it around 1.3000. Europe is the number one ...
Extreme TMA System
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Alorente replied May 9, 2012Thanks Carl. Indeed, they are putting up a fight at that level..
Extreme TMA System
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Alorente replied May 9, 2012Between -050 and 0.50 you can trade in both directions. Please, read the rules again. You donīt have to wait for below -0.50 to sell or above 0.50 to buy.
Extreme TMA System
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Alorente replied May 8, 2012I already closed half of the lots, but the remaining half TP is .9940
Extreme TMA System