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Alorente replied Apr 26, 2012If you can consistently make 10 pips a day, you can consistently make 50. The methodology for both is exactly the same.
Extreme TMA System
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Alorente replied Apr 26, 2012The Perfect Short for me: 1- H1 upper band is above H4 upper band. 2- M15 upper band is above both H1 and H4 upper bands. 3- M15 Slope value is under 0.30 and decreasing. I sell on HA color change and hold at least to the M15 lower band but very ...
Extreme TMA System
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Alorente replied Apr 26, 2012It is important to reach the point of stress free trading. Unfortunately, you can´t learn that. Only years of experience will help you acquire this.
Extreme TMA System
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Alorente replied Apr 26, 2012It´s coming. The extreme always looks unreasonable because it is caused by the last group being stopped out or finally throwing in the towel, just to see the market turn around after. That is why it is so important to bet small and always leave ...
Extreme TMA System
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Alorente replied Apr 26, 2012Today´s move has taken USD, EUR and GBP to the extremes permissible without considering failure. The top chart is the daily UsdIndex which is right on the bottom trendline. A close below it will start a bearish scenario for USD. The bottom chart is ...
Extreme TMA System
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Alorente replied Apr 25, 2012Food for Thought — 1- Bernanke wants Obama to be reelected. Romney has already stated that he will not reappoint Bernanke for another term. 2- The US driving season is a month away. Everyone that knows the US well, understands how important ...
Extreme TMA System
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Alorente replied Apr 25, 2012So when you look at the above chart or what has happened to Euro as compared to Usd in the past 5 years, you have to scratch your head and ask "What caused this absurd dislocation?" I believe the answer lies in China. About 5 years ago, the Chinese ...
Extreme TMA System
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Alorente replied Apr 25, 2012Here is the Weekly EurGbp chart. I believe EG will continue down the light blue channel till it reaches the 0.66 historical level that has been the norm for this pair for 15 years. It makes absolutely no sense that the Euro is this high relative to ...
Extreme TMA System
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Alorente replied Apr 25, 2012Here is UsdIndex Daily chart. As you can see, we are at a crossroads. Which trendline will be broken? The Green one is the rise since last August. The Red one the consolidation of the advance. I believe the Red one will fall very soon and Usd will ...
Extreme TMA System
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Alorente replied Apr 25, 2012King Dollar will soon be back. — I believe we are about to live through a memorable change in Forex trends. I believe the Bear market of Usd is now over. We will embark on a steady and strong climb of Usd that will last at least 2 years. This ...
Extreme TMA System
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Alorente replied Apr 25, 2012In the end, they will fall in line. Keep in mind they are both referenced against Usd. It is Usd that will rocket higher, so both have to fall as will Jpy.
Extreme TMA System
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Alorente replied Apr 25, 2012Yes. That would be a good exit. Yes, EurUsd will follow soon. Possibly after FOMC today. We´ll see what Bernanke says, or better still, what he won´t say (QE3).
Extreme TMA System
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Alorente replied Apr 25, 2012Look at the symmetry of GU over the past 2 years. I expect this symmetrical price action to continue till 1.4200.
Extreme TMA System
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Alorente replied Apr 25, 2012My medium term target for GU is 1.5250, which will test the January low. Ultimately, I expect a drop to 1.42, the 2010 low.
Extreme TMA System
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Alorente replied Apr 25, 20121.58 is the big test. If it breaks that, a much deeper fall is possible.
Extreme TMA System
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Alorente replied Apr 25, 2012I don´t notice any difference. I like to see the CET open at 9:00 CET because of the volume, but the system works equally well on all times.
Extreme TMA System
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Alorente replied Apr 25, 2012What you have just seen with GU is what happens when you put a lit match on to a pile of dynamite. This will happen to EU also. All it requires is a trigger. The spring is tightly wound.
Extreme TMA System
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Alorente replied Apr 25, 2012When Slope is Ranging, you can trade both ways. M15 Slope is ranging.
Extreme TMA System