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srmfx replied Jun 9, 2011Today I'm looking for a short EURUSD around 1.4525 and 1.4550. If the pair breaks below 1.4480 I'll look for STE to sell. Bids above 1.4450 and stops below.
Following the big money
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srmfx replied Jun 9, 2011STE is my trading style and its name comes from the TTE (Tradres Trick Entry) developed by Joe Ross. S is the first letter of my name. The basic idea is to enter a bigger price move soon after there are signs it has started.
Following the big money
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srmfx replied Jun 9, 2011There is no change. Interestingly I had to answer the same question in my Bulgarian forum. One of the members was stopped with long position from the 20 EMA. The rules are adapting to the market. The idea behind Joe Ross' TTE is that the price will ...
Following the big money
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srmfx replied Jun 9, 20112nd part closed for 9.5p profit. The rest is left with 5p stop.
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srmfx replied Jun 9, 2011STE off 50 EMA. 1st part closed for 5p profit. Stop is at -5 pips.
Following the big money
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srmfx replied Jun 8, 2011Today I don't expect any trading opportunities before Trichet press conference. Don't expect him to say "strong vigilance" and the EURUSD could go south.
Following the big money
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srmfx replied Jun 8, 2011William, are you trying to take advantage of the order flow at the opening of LSE or you have something different in mind?
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srmfx replied Jun 8, 2011Let's try the cable after the Moody's warning. 1st and 2nd part close for 8 and 9 pips profit.
Following the big money
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srmfx replied Jun 8, 2011The market is choppy this morning. No chance for a big move so far.
Following the big money
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srmfx replied Jun 7, 2011The stock index mislead me. I should have sold at 50 EMA after it crossed with 20 EMA.
Following the big money
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srmfx replied Jun 7, 2011Attempt to join early an upmove after the London open. Buy at 200 EMA and just above support level.
Following the big money
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srmfx replied Jun 7, 2011With STE, as it is with TTE, your first target should be the nearest swing hi or lo. In your case the distance is only 5 pips which is too small. I'm looking for at least 10 pips. Also my entry is not only at 20 or 50 EMA. I have some additional ...
Following the big money
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srmfx replied Jun 7, 2011Brokers' dirty tricks. This one is widening the spread during even minor data releases. I didn't suspect that they will do it for the Germany trade balance.
Following the big money
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srmfx replied Jun 7, 2011STE @ 20 EMA. Initial stop 5 pips. 1st part closed at +2, 2nd at +7. Now this is a free trade and I can wait if the big money will start to buy euro.
Following the big money
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srmfx replied Jun 7, 2011I mean pips. If e bigger order enters the market the next tick could be a few pips away from the previous.
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srmfx replied Jun 7, 2011I was on my way to the office and I've missed this one.
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srmfx replied Jun 7, 2011While trying to take some power they are making money at the forex market. Germany is their No1 competitor at the export market and with the strong euro they make some room for appreciation of the renminbi.
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srmfx replied Jun 7, 2011EURUSD is above the EMAs and Asian sovereign buying was reported. Also some stops above the market were and still are tempting target.
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srmfx replied Jun 7, 2011Absolutely, but the manipulators are more active in the last few years. I don't trade USD/JPY anymore. It was the best currency pairs but after a periods of carry trade and risk aversion its chart looks like a mess.
Following the big money
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srmfx replied Jun 7, 2011The biggest problem with the forex market in the last few years is the almost everybody is trying to achieve some non-economic goals by manipulating the currency pairs. During 2006/7 EURUSD was going north on the beliefs that the EZ is decoupling ...
Following the big money