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Extreme TMA System

  • #1,021
  • Feb 24, 2012 1:57am Feb 24, 2012 1:57am
EurAud is becoming a great short again. I think I have shorted that 10 times in the past 2 weeks and I have won every time. This will make it the 11th.
Observation is the path to discovery.
  • #1,022
  • Feb 24, 2012 1:59am Feb 24, 2012 1:59am
I entered short EurAud at 1.2486. Jumped the gun because of R1 resistance at my back.
Observation is the path to discovery.
  • #1,023
  • Feb 24, 2012 2:03am Feb 24, 2012 2:03am
Hi Alex!

Can you tell me, please, the exact gmt time you took that short on EUR/JPY ?

I'd like to see if this set of TMA true (I attache a snapshot) can help to understand reasons of this bad trade .

Thank you in advance
Attached Image (click to enlarge)
Click to Enlarge Name: TUESDAY_EY.PNG Size: 70 KB
  • #1,024
  • Feb 24, 2012 2:05am Feb 24, 2012 2:05am
Gm Al, ready to click the button on e/aud
  • #1,025
  • Feb 24, 2012 2:07am Feb 24, 2012 2:07am
Quoting Alorente
I entered short EurAud at 1.2486. Jumped the gun because of R1 resistance at my back.
Hi Al,

Forgive me for asking about your Trade,
Heres my chart as of 4 mins after your short entry...I know you said you jumped the gun, but my chart has a long way to go before it looks like a good short.

Cheers

SR
Attached Image (click to enlarge)
Click to Enlarge Name: ea.gif Size: 24 KB
  • #1,026
  • Feb 24, 2012 2:09am Feb 24, 2012 2:09am
Here is the S&P 500 Daily chart. I am showing 6 Bear Divergence red arrows in the Trix indi and two clear Bear price divergences on the RSI. I expect around a 5% correction starting between now and early next week. This correction should also drag the euro down and Oil with it. The USD of course, will climb if that scenarioa happens.
Attached Image (click to enlarge)
Click to Enlarge Name: s&p500 daily.jpg Size: 111 KB
Observation is the path to discovery.
  • #1,027
  • Feb 24, 2012 2:17am Feb 24, 2012 2:17am
Quoting Sjr
Hi Al,

Forgive me for asking about your Trade,
Heres my chart as of 4 mins after your short entry...I know you said you jumped the gun, but my chart has a long way to go before it looks like a good short.

Cheers

SR
Good question. I shouldnīt have posted my order, but I feel bad if I trade and I donīt tell you about it. You are correct. Rule 4 has not yet happened, but my MA Cross Lines are beginning to narrow, R1 is right above and I doubt heavily that it will be taken out from this very overbought position, but the main reason I jumped the gun is because I am leaving in a little while for a golf tournament and Iīm getting ready right now and I didnīt want to miss on a trade that has been so good to me for the past 2 weeks. Also, Iīm playing with money that I can afford to lose. But, please, donīt take me as an example for what you should do. Please, follow the rules.
Observation is the path to discovery.
  • #1,028
  • Feb 24, 2012 2:17am Feb 24, 2012 2:17am
Short e/aud @1.2480
  • #1,029
  • Feb 24, 2012 2:20am Feb 24, 2012 2:20am
Quoting Alorente
Good question. I shouldnīt have posted my order, but I feel bad if I trade and I donīt tell you about it. You are correct. Rule 4 has not yet happened, but my MA Cross Lines are beginning to narrow, R1 is right above and I doubt heavily that it will be taken out from this very overbought position, but the main reason I jumped the gun is because I am leaving in a little while for a golf tournament and Iīm getting ready right now and I didnīt want to miss on a trade that has been so good to me for the past 2 weeks. Also, Iīm playing with money...
Thanks Al for the explanation.
  • #1,030
  • Feb 24, 2012 2:21am Feb 24, 2012 2:21am
Quoting Alorente
I entered short EurAud at 1.2486. Jumped the gun because of R1 resistance at my back.
I look at euraud. but i dont sell yet because i dont see rule 4. correct?
  • #1,031
  • Feb 24, 2012 2:22am Feb 24, 2012 2:22am
Quoting Alorente
Good question. I shouldnīt have posted my order, but I feel bad if I trade and I donīt tell you about it. You are correct. Rule 4 has not yet happened, but my MA Cross Lines are beginning to narrow, R1 is right above and I doubt heavily that it will be taken out from this very overbought position, but the main reason I jumped the gun is because I am leaving in a little while for a golf tournament and Iīm getting ready right now and I didnīt want to miss on a trade that has been so good to me for the past 2 weeks. Also, Iīm playing with money...
Since I will be gone by the time this order plays out, I am setting a TP of 1.2445 on it. That would be a nice profit for me of +41 pips. I am +8 pips on the trade right now.
Observation is the path to discovery.
  • #1,032
  • Feb 24, 2012 2:23am Feb 24, 2012 2:23am
Quoting amiralifx
I look at euraud. but i dont sell yet because i dont see rule 4. correct?
See my post above abut this.
Observation is the path to discovery.
  • #1,033
  • Feb 24, 2012 2:25am Feb 24, 2012 2:25am
Quoting amiralifx
I look at euraud. but i dont sell yet because i dont see rule 4. correct?
Yup, no signal here. I am currently waiting to long on AUDUSD. BTW Al chose to jump there, no signal yet on his chart I think.
  • #1,034
  • Feb 24, 2012 2:26am Feb 24, 2012 2:26am
Quoting Alorente
Since I will be gone by the time this order plays out, I am setting a TP of 1.2445 on it. That would be a nice profit for me of +41 pips. I am +8 pips on the trade right now.
Was gonna ask for that And, any thoughts on eu/jpy?
We all wish you a great game!
  • #1,035
  • Feb 24, 2012 2:33am Feb 24, 2012 2:33am
Quoting corvogrigio
Hi Alex!

Can you tell me, please, the exact gmt time you took that short on EUR/JPY ?

I'd like to see if this set of TMA true (I attache a snapshot) can help to understand reasons of this bad trade .

Thank you in advance
22 FEB 10 AM GMT
  • #1,036
  • Feb 24, 2012 2:33am Feb 24, 2012 2:33am
EurUsd is right below R1. It is unlikely that it will break it. I would not short it because it is already on center line, but that bodes well for other shorts on Eur pairs, like EurAud and EurCad. EurGbp has already cracked.
Observation is the path to discovery.
  • #1,037
  • Feb 24, 2012 2:36am Feb 24, 2012 2:36am
Quoting Alorente
EurUsd is right below R1. It is unlikely that it will break it. I would not short it because it is already on center line, but that bodes well for other shorts on Eur pairs, like EurAud and EurCad. EurGbp has already cracked.
After looking EURAUD, this could be a good short. Volume confirmed the peak and if this candle close a bear you got TDI cross, then I will join you there.
  • #1,038
  • Feb 24, 2012 2:36am Feb 24, 2012 2:36am
Quoting grechmar
Was gonna ask for that And, any thoughts on eu/jpy?
We all wish you a great game!
Thanks. Read what I posted this morning about EurJpy in answer to Alex.
Observation is the path to discovery.
  • #1,039
  • Feb 24, 2012 2:44am Feb 24, 2012 2:44am
Quoting Alorente
Thanks. Read what I posted this morning about EurJpy in answer to Alex.
Read the posts i missed, wont trade e/y for now. Looks like a double top on e/aud, too ate to get out and back in for me.
  • #1,040
  • Feb 24, 2012 2:50am Feb 24, 2012 2:50am
buy [email protected] sl : 1.0697 tp1: 1.0735 tp2: 1.0743
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