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srmfx replied Jun 2, 2011EURUSD is choppy again and the stop of the last part of the position is hit at BE.
Following the big money
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srmfx replied Jun 2, 2011STE buy at 50 EMA with initial stop of 5.5 pips. First part closed at +5.3, second at +10.3, the rest of the position is left with stop at BE.
Following the big money
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srmfx replied Jun 2, 2011This morning the central pivot point is capping EUR/USD but my sell levels are 1.4385 and 1.4400. Buy levels are 1.4325 and 1.4300. I will open positions around these levels only if the price action confirms the signal.
Following the big money
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srmfx replied Jun 1, 2011Another attempt to catch a price move i today's choppy market. Ste from 50 EMA. 1st part at +4, 2nd part at +3, the rest is left with stop at -3.
Following the big money
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srmfx replied Jun 1, 2011Long GBP/USD at round number support. The initial stop is 7 pips. First part closed at +3p, 2nd part at +8p. Stop moved to BE and with the last part of the position will try to participate in a short squeeze.
Following the big money
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srmfx replied Jun 1, 2011I don't know in advance if the correlation is valid for the day. You just watch the market and if the currencies move in tandem you can use them for filtering the trades.
Following the big money
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srmfx replied Jun 1, 2011You are right about the 1.4440. There is a barrier at 1.4450 and it should be protected. My long entry this morning was made with the idea that this barrier should be attacked. I didn't like the PA and missed the sort position. The other level ...
Following the big money
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srmfx replied Jun 1, 2011FX market is awful these days. Bad news from Greece are countered by Asian sovereign buying of Euro.
Following the big money
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srmfx replied Jun 1, 2011Hi Anthony, When EURUSD and the stocks move in tandem I use FTSE for confirmation of entry signals. For example if I want to buy EURUSD the stock index must be up or at support level. If the index and GBP/USD break lower I close the position or move ...
Following the big money
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srmfx replied Jun 1, 2011STE from 20 EMA. First part closed for 5.5 pips profit stop moved to -1p.
Following the big money
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srmfx replied Jun 1, 2011Today I'm looking for long position around 1.4400, and 2B for short around 1.4440.
Following the big money
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srmfx replied Jun 1, 2011I'm not looking for just a few pips on every trade. My intention is to enter the market at the beginning of the price swing with very small stop. Eks made a good explanation of my trading style. Trading is not just a hobby, it's my job.
Following the big money
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srmfx replied May 31, 2011This is not my thread I just started it. I will share my experience but all comments and different opinions are welcome. The are you mention was my target. This was to 50 EMA at 15m chart.
Following the big money
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srmfx replied May 31, 2011In the last day of the month a lot of orders in both ways are filled and the market is difficult to trade. With my trading style I try to enter at the beginning of the price move with low risk. That is why sometimes my stops are hit for small profit. ...
Following the big money
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srmfx replied May 31, 2011I moved the stop to BE. I'll follow the big money by moving my stop order above th swing highs at 1M chart.
Following the big money
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srmfx replied May 31, 2011The EUR/USD looks tired. Another attempt to catch downside move with STE at the 50 EMA. After 6-7 minutes I've closed 2/3rds of the position for 1-2 pips profit. I'll move the stop to BE if the pair breaks below the figure. Yesterday was e holiday ...
Following the big money
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srmfx replied May 31, 2011May be I should make some videos to show how interpret the price action. I also read the new to see who is buying and where the orders are placed. One of my favorite strategies is to fade the price move after stop gunning.
Following the big money