EU - 200 MA is providing initial support. Let's see what happens.

Extreme TMA System

Al - along the way new things have been introduced (the coral which I believe is one of your favourite indi's and the 200 MA). Is there any unspoken or unwritten rule for example that you don't take a short if price is above the coral ??

Extreme TMA System

Al - totally agree with you. Trading is not a "get rich quick scheme", particularly in forex. You are doing a great job in trying to educate people and what sets this thread apart from almost every other is that you are prepared to listen to ...

Extreme TMA System

What worries me about reading some of the recent posts on here is that :- some people are trading with money they can't afford to lose some people are trading without a proper money management strategy or understanding of one some people have little ...

Extreme TMA System

GU - I wonder if it will make the 1.60 level ?

Extreme TMA System

Just woke up to find M15 and H1 bands and coral above H4 band. First time I've seen that but don't suppose it will be the last.

Extreme TMA System

Well so far we don't have a candle close > H4 band but most of the indis are still pointing up so we may get one sooner or later.

Extreme TMA System

Let's see what happens now coral and price are meeting

Extreme TMA System

yes it does but waiting to see if we get a candle close < 200 MA

Extreme TMA System

EU - just bounced off 200 MA

Extreme TMA System

Yes Domino - that old saying "the market can stay irrational longer than you can stay solvent" is very true.

Extreme TMA System

EU - it will be interesting to see if the coral becomes support again.

Extreme TMA System

EU getting close to the H4 band now

Extreme TMA System

yes - price has been "trapped" between coral and SMA for some time now.

Extreme TMA System

EU - woke up to find coral has become support at the moment and is slightly pointing up as is M15 TMA.

Extreme TMA System

EU - just noticed that coral has turned green

Extreme TMA System

EU - Coral is red and pointing slightly down and is below 200 MA. TMA 15 is pointing down. Trix still pointing up. Has been trying hard to get a candle close > S2 so far without success.

Extreme TMA System

Al - you may well be right about Japan, but it is a country that relies almost exclusively on exporting its products and it needs a competitive exchange rate in order to do so - hence plenty of intervention in the past. Does seem fashionable these ...

Extreme TMA System

The trouble with Yen and Swiss pairs is you never know when there is going to be bank intervention.

Extreme TMA System

EU - looks like we might have some divergence forming on the slope

Extreme TMA System