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srmfx replied Oct 31, 2012False break. 1st part +5.3, 2nd +10.4p. Stop at -4.5p.
Following the big money
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srmfx replied Oct 29, 2012I don't like this tick charts because I can't distinguish clearly the consecutive ticks. I watch the quotes and use the tick charts only for illustration purposes. The principle is very simple. Larger tick means larger order enters the market. If ...
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srmfx replied Oct 29, 2012I was waiting for the stock markets to open. Correlation is a very good filter.
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srmfx replied Oct 29, 2012STE at 100 EMA. Dax opened lower. Initial stop 4.2 pips. Entire position closed. US markets will be closed due to the frankenstorm Sandy and the liquidity will be lower than normal.
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srmfx replied Oct 26, 2012Pretty good STE off 50 EMA. Stocks are supporting. 1st part +5.1p, 2nd +12.9p. Stop currently at -3p.
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srmfx replied Oct 26, 2012Early trades were based on correlations and quote reading. Stop is at -3p for the last trade.
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srmfx replied Oct 22, 2012It looks like but I'm not sure how reliable this tick chart indicator is?
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srmfx replied Oct 19, 2012I watch the quotes, not tick charts. This is only to show you the ticks, because I can't show you how the quotes move. I have to make e video but it is time consuming process. I buy downtick and sell uptick. This means that I enter exactly at point ...
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srmfx replied Oct 18, 2012This is my quote reading buy set up. The price approaches the level with smaller ticks and jumps off it with one much larger tick that covers at least of ticks in the opposite direction. I usually enter in points 2 or 3. The initial stop is two pips ...
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srmfx replied Oct 18, 2012That is what I'mm looking for when I read the quotes. Smaller ticks in one direction covered by one tick in the opposite when the price approaches level with orders (in this case bids). This means that someone is buying in large amounts.
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srmfx replied Oct 17, 2012MOnday we had very interesting situation. Someone was buying aggressively as you can see on the 1M chart. Protracted move up with very small pullbacks. I was watching the quotes. Every downtick was bought. On the daily chart the candle had small ...
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srmfx replied Oct 17, 2012Hi backpack, I trade only the European session and sometimes US. Asian session has low liquidity and the chart and quote reading is not reliable. So I will not comment this chart. You don't know in advance if certain support or resistance level will ...
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srmfx replied Oct 15, 2012I try to catch the first swing just before or after the London open. It is logical the price move to begin when a major financial center starts to operate.
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srmfx replied Oct 15, 2012I use EUR/JPY as filter. Sometimes the cross is leading. Long at round number. Last part at +40 pips.
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srmfx replied Oct 11, 2012Limit hit at 1.2926 for 60 pips profit for the last part.
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