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Alorente replied May 4, 2012UsdJpy — Here is the Daily chart of UJ. I have depicted the Fib channels that I expect UJ to follow in the coming months. I first expect a test of the 61.8% Fib level before heading higher up the channels. I expect 123 tto 145 in the next 15 ...
Extreme TMA System
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Alorente replied May 4, 2012On all the trades you made you picked the weakest horse. Aud cut rates by 50 Bps a few days ago. The Usd has been moving up and Eur is moving down. I don´t know what time frame you were trading, but you should look at the direction of the H1 channel ...
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Alorente replied May 4, 2012Yeah, do you think they may be reading up on the stuff we say...?

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Alorente replied May 4, 2012Long term (18 months) 120 to 140 range. Short term, I want to stay away from it until I see it hit the 61% retracement level at 79.13.
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Alorente replied May 4, 2012Nice thoughts. It certainly is not acting as it should. I am considering changing my hold strategy to trading the swings from the short side. Thanks.
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Alorente replied May 3, 2012You already know how I´m trading this. SHORT. Just holding my shorts till 1.2630. Then I´ll decide if I hold some more...
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Alorente replied May 3, 2012Well, I find that if you don´t trade the news you may grow cobwebs. It is soooo slow lately. The news are the only time when you can make some pips.
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Alorente replied May 3, 2012When Slope is between -050 and 0.50 you can trade both ways (Buy or Sell) Please, read the rules again.
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Alorente replied May 2, 2012Thank you for your comments. I´m glad it´s working out for you.
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Alorente replied May 2, 2012If the ECB had guts, they would cut 50 bps tomorrow, which is precisely what is needed to have some hope of getting some economic activity going, although I feel, even that would be too little too late. Anyway, it won´t happen because they are ...
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Alorente replied May 2, 2012It seems the market is finally beginning to realize the mess Europe is in. German April PMI 46.2, falling precipitously from March. There is austerity for you...
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Alorente replied May 1, 2012It is a new indicator that Nanningbob has created that I am testing. I like it a lot. It averages the two latest Weekly bars and displays them in any TF. It does not repaint. It is like zooming in those last two weeks. Great for trend definition. I ...
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Alorente replied May 1, 2012Great info and charts. I don´t think we have to worry about QE3. Today´s PMI number settled that for sure. Especially with an election a few months away and Ben saying in his news conference that it would be reckless to do it. From now on EurUsd is ...
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Alorente replied May 1, 2012Today we may have witnessed the final battle with the two trendlines. If that is the case, the next stop will be the famous head & shoulders neckline and after breaking that, a test of the bottom at 1.2640. This Bull has been difficult to ...
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Alorente replied May 1, 2012I suspect EurUsd is going to build an Italian Boot here. We´ll see...
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Alorente replied May 1, 2012The fundamentals are good for the US market. Barring a Euroscare, there is no reason for the US market to drop. They have the Fed as tailwind and a pretty good economy. The US market will attract foreign buyers which is dollar positive. What I think ...
Extreme TMA System