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Extreme TMA System

  • #361
  • Feb 22, 2012 3:51am Feb 22, 2012 3:51am
Quoting Alorente
Risk on and risk off are two terms that the financial industry has been using since the financial crisis began. Basically Risk Off means:

S&P and other stock indices down
dollar up
Eur down
Yen up
gold down

This can change, but right now those are effects of a risk off period.

Risk on produces the opposite effects.
but does it change anything on market behaviour ?
is the market (pa) more trendy when it's a risk off period ?

or it is just a matter of major trends as you describe without influence ?
  • #362
  • Feb 22, 2012 3:53am Feb 22, 2012 3:53am
Quoting orionfx
Al, what is the meaning of dark red and blue color of ma histogram?

Thanks for great sharing good system.
Darker bars mean the color present can repaint. The more to the left they are the less likely to repaint. Lighter color is written in stone. They will not repaint.
Observation is the path to discovery.
  • #363
  • Feb 22, 2012 3:54am Feb 22, 2012 3:54am
Quoting bobmorloc
can someone tell me which level is the daily pivot on eurusd ? i'm not sure i'm correct...
EUR is now about 10 pips under the Daily Pivot.
Observation is the path to discovery.
  • #364
  • Feb 22, 2012 3:54am Feb 22, 2012 3:54am
Do you use news releases to guide you or are they just factored in as part of the system? For instance: GBP just dropped on public sector net borrowing release ...
Make things as simple as possible, but not simpler!
  • #365
  • Feb 22, 2012 3:56am Feb 22, 2012 3:56am
Quoting rpasupathy
Hi Al,

Amazing thread ....

Just finished reading it and will start with demo first ...

Can you please post the Gold chart ....

I can't see it hitting the lower band in my chart ...

Regards,
Ganesh
Here it is. I am out of the trade.
Attached Image
Observation is the path to discovery.
  • #366
  • Feb 22, 2012 3:56am Feb 22, 2012 3:56am
Quoting Alorente
Exited the Gold position with a nice profit. Tails are starting to show up on Heiken Ashi candles. Will short again when it returns to the top band.

So you are not following signal to signal management right now on gold right?
  • #367
  • Feb 22, 2012 3:58am Feb 22, 2012 3:58am
Quoting Alex84
but does it change anything on market behaviour ?
is the market (pa) more trendy when it's a risk off period ?

or it is just a matter of major trends as you describe without influence ?
Risk off periods can be more volatile because people are scared to own risk assets. Iīm not saying we are in one now. I "think" we are entering one.
Observation is the path to discovery.
  • #368
  • Feb 22, 2012 4:01am Feb 22, 2012 4:01am
Quoting Caillou
So you are not following signal to signal management right now on gold right?
No. Since I started the thread yesterday, I am not doing my usual trading because I simply donīt have the time. If I spot a trade when Iīm analizing one of your questions, Iīll take it, but I will take profits on the other band and keep waiting until I bump into another trade opportunity. It is extremely difficult to write and think trading at the same time. Maybe in a few days, Iīll be more used to doing both.
Observation is the path to discovery.
  • #369
  • Feb 22, 2012 4:05am Feb 22, 2012 4:05am
Quoting Alorente
No. Since I started the thread yesterday, I am not doing my usual trading because I simply donīt have the time. If I spot a trade when Iīm analizing one of your questions, Iīll take it, but I will take profits on the other band and keep waiting until I bump into another trade opportunity. It is extremely difficult to write and think trading at the same time. Maybe in a few days, Iīll be more used to doing both.
I know, thanks for sharing your time and experience with us......
  • #370
  • Feb 22, 2012 4:07am Feb 22, 2012 4:07am
I sold my 30 year old US company (www.lorente.us) in early 2008 and I moved to Spain with the money. Iīm all set for life. I donīt "need" to trade for a living. I do it because it is fun and a great challenge. I am doing this now because I feel good doing it. Sharing a little of what I have learned is something I always wanted to do. So donīt feel bad that I canīt trade because of all the typing. Keep your questions coming, collaborate. I enjoy this, honest...
Observation is the path to discovery.
  • #371
  • Feb 22, 2012 4:12am Feb 22, 2012 4:12am
What about EURGBP positions right now?

Sounds good?

L.
  • #372
  • Feb 22, 2012 4:12am Feb 22, 2012 4:12am
Quoting Alorente
I sold my 30 year old US company (www.lorente.us) in early 2008 and I moved to Spain with the money. Iīm all set for life. I donīt "need" to trade for a living. I do it because it is fun and a great challenge. I am doing this now because I feel good doing it. Sharing a little of what I have learned is something I always wanted to do. So donīt feel bad that I canīt trade because of all the typing. Keep your questions coming, collaborate. I enjoy this, honest...
  • #373
  • Feb 22, 2012 4:14am Feb 22, 2012 4:14am
Al

what do you think of GU and EG
if signals confirm on this pairs is it afe to take them ?
as we went so far from the bands and the major trend designed by the bands is against this trades ?
  • #374
  • Feb 22, 2012 4:18am Feb 22, 2012 4:18am
i'd like to talk about pivot point.
yoour pivot indicator is set to fibonacci pivot instead of standard pivot... why this choice ?
and i find this link with the daily pivot point then everybody can compare his settings (to be sure they are correct)
http://www.forexabode.com/trading-to...nt-calculators
  • #375
  • Feb 22, 2012 4:18am Feb 22, 2012 4:18am
Quoting Alex84
Al

what do you think of GU and EG
if signals confirm on this pairs is it afe to take them ?
as we went so far from the bands and the major trend designed by the bands is against this trades ?
I like EURGBP very much. In fact, it will probably be my next short. I am tempted to take it right here...
Observation is the path to discovery.
  • #376
  • Feb 22, 2012 4:20am Feb 22, 2012 4:20am
Quoting Alorente
I like EURGBP very much. In fact, it will probably be my next short. I am tempted to take it right here...
But please, follow the rules... I sholdnīt have said that... sometimes I think out loud. It is important for now that you follow the rules. You should wait for a MA Cross red bar.
Observation is the path to discovery.
  • #377
  • Feb 22, 2012 4:24am Feb 22, 2012 4:24am
Quoting bobmorloc
i'd like to talk about pivot point.
yoour pivot indicator is set to fibonacci pivot instead of standard pivot... why this choice ?
and i find this link with the daily pivot point then everybody can compare his settings (to be sure they are correct)
http://www.forexabode.com/trading-to...nt-calculators
Many traders use Fib Points. I find them more accurate. That has been my experience over times. I am a strong believer in Fibonacci numbers.
Observation is the path to discovery.
  • #378
  • Feb 22, 2012 4:24am Feb 22, 2012 4:24am
ME Too
but if you maximize the eg chart on full screen, you see the bands make an up trend
would that be risky to go down as pa already jumped strongly this morning ?
  • #379
  • Feb 22, 2012 4:27am Feb 22, 2012 4:27am
Quoting SoF29
Do you use news releases to guide you or are they just factored in as part of the system? For instance: GBP just dropped on public sector net borrowing release ...
I keep an eye on them, but I believe all news events are reflected in the price action. Iīm almost a TA purist. I like to read fundies also though, but I wonīt let them sway me on my trading decisions. I go by what the charts tell me.
Observation is the path to discovery.
  • #380
  • Feb 22, 2012 4:29am Feb 22, 2012 4:29am
Quoting Alex84
ME Too
but if you maximize the eg chart on full screen, you see the bands make an up trend
would that be risky to go down as pa already jumped strongly this morning ?
No I wonīt bet against the dollar, but Iīll take any trade against the Euro. Even EURJPY which Iīm also looking at right now because it is meeting all 3 conditions.
Observation is the path to discovery.
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