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Alorente replied Apr 21, 2012As a matter of fact, my brother has sat beside me watching and after a couple of hours he says he doesnīt understand what Iīm doing and just leaves.
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Alorente replied Apr 21, 2012That would be quite boring. Even if you place 15 trades in a day, that means 45 minutes of nothing going on between trades. Since when I trade, I am pretty much "In the Zone" jumping from chart to chart like crazy, analyzing hundreds of hidden ...
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Alorente replied Apr 21, 2012In my view, the psychology is simple to understand. As price falls, it attracts more and more buyers simply due to the fact that price is "cheaper" than it was a day or two ago. Humans are naturally attracted to "bargains". So itīs not that a ...
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Alorente replied Apr 21, 2012I basically agree with you but you have to admit itīs cool looking...
As far as adding positions, if you are in a scalping mode, you can trade the M5 or M15 bands in and out, but if you are going with a strong trend, what I do is add a little when ...Extreme TMA System
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Alorente replied Apr 21, 2012Hey guys, I can comfortably sleep 10 guests in my home so you are welcome to come whenever you feel like it. Ten at a time that is ...
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Alorente replied Apr 21, 2012There are two ways to look at it, of course, but from my experience and from reading about the subject, especially the great William OīNeill books, a high short interest is dangerous for the longs. Selling begets selling. Donīt assume that because ...
Extreme TMA System
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Alorente replied Apr 20, 2012Thank you Frank. I appreciate that. Have a nice weekend. You too, Forex Girl. And everyone else also...
Extreme TMA System
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Alorente replied Apr 20, 2012You may say to yourself: "I thought Al was holding EU till 1.2600"? That is true, but I entered recovery and I will close the trade at breakeven as I always do. AFTER I close the trade, I will evaluate it again and if I still feel the same way I ...
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Alorente replied Apr 20, 2012By the way, this morning I entered recovery with both GU and EU. We are in the same boat.
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Alorente replied Apr 20, 2012Yes. Once the candle crossed the outer band, the trade is valid. Now youīre waiting exclusively for the candle to flash red for a second. It doesnīt matter where the candle is anymore. It could be much further across the band or it could be slightly ...
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Alorente replied Apr 20, 2012If you bet small enough and wait long enough odds are high you will get a BE on large negative trades. You know what? We talk a lot about different aspects of trading which are helpful, but if you only have to remember one thing, remember the phrase ...
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Alorente replied Apr 20, 2012You can have a blue candle cross the band and then wait for a color change to enter the order. The candle that crosses the band does not have to be red. I believe you need to read the rules more carefully.
Extreme TMA System
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Alorente replied Apr 20, 2012With practice you can clearly see where it will repaint too. It is not an issue once you master it.
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Alorente replied Apr 20, 2012Of course itīs coming down. The question is when. Thatīs why it is so important to play small per position. You have to figure that the market will take a lot longer to do what you want than you think. You have to leave yourself the staying power to ...
Extreme TMA System
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Alorente replied Apr 20, 2012You can only go long from below the bottom band. In this chart price is above the upper band. Please, read Post 1.
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Alorente replied Apr 20, 2012Iīm leaving now for a round of golf. Check back with you tonight. Have a nice weekend.
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Alorente replied Apr 20, 2012USD — As you know, I have been harping for a while now the potential for a USD explosion to the upside. I feel the cannon is loaded and everything is ready, waiting for the trigger. I have also mentioned a couple of times that I expect the ...
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Alorente replied Apr 20, 2012Thank you Luis. Donīt worry, ever since I was 16, I always worked very hard. It keeps me out of trouble. It is my natural state. I do work weekends, except for a few moments with my mom and a couple of football games (Real Madrid and Barcelona). I ...
Extreme TMA System
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Alorente replied Apr 20, 2012That is the FxPro technical analyst. I actually have found that he is wrong about 65% of the time. I use him as a contrarian indicator.
Extreme TMA System