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  • #181
  • Jun 8, 2011 1:44am Jun 8, 2011 1:44am
Attempt to join early an upmove after the London open. Buy at 200 EMA and just above support level.
Attached Image (click to enlarge)
Click to Enlarge Name: eur ste.png Size: 42 KB
  • #182
  • Jun 8, 2011 1:55am Jun 8, 2011 1:55am
The stock index mislead me. I should have sold at 50 EMA after it crossed with 20 EMA.
  • #183
  • Jun 8, 2011 2:10am Jun 8, 2011 2:10am
Quoting srmfx
Also my entry is not only at 20 or 50 EMA. I have some additional filters and the best one is PA.
Suppose price pulled back to EMA, and quotes stop for a long time - say, there is no single tick for 30 seconds. Is it a good sign or bad sign (would you be more confident to make STE trade)?
  • #184
  • Jun 8, 2011 2:18am Jun 8, 2011 2:18am
Quoting cash_machine
Suppose price pulled back to EMA, and quotes stop for a long time - say, there is no single tick for 30 seconds. Is it a good sign or bad sign (would you be more confident to make STE trade)?
The market is choppy this morning. No chance for a big move so far.
  • #185
  • Jun 8, 2011 2:39am Jun 8, 2011 2:39am
Let's try the cable after the Moody's warning. 1st and 2nd part close for 8 and 9 pips profit.
Attached Image (click to enlarge)
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  • #186
  • Jun 8, 2011 3:04am Jun 8, 2011 3:04am
hi ,that was interesting ,i was trading ftse open ,which had overnight fills at 35 level and 60 level,price was 50 ,piggy in the middle,i opted to fill long as cross currency pairs rising,it filled 60 level,interestingly left price jump at 46 ,everything stalled,i sold to fill short ,also sold cable as all pairs in sync along with indicies.

during price drop on cable price skips all the way down,went long ,and left to drop kids at school,got stopped on that one by couple of pips,but pleased to see it go where i anticipated,overall good start to the day,

when currencies are in sync and indicies are also,they are almost pip for pip,
regards
william
  • #187
  • Jun 8, 2011 3:08am Jun 8, 2011 3:08am
interestingly the fill on cables drop was 96,clear on quote price and 1 sec chart,hit 92 but unfilled as yet
  • #188
  • Jun 8, 2011 3:50am Jun 8, 2011 3:50am
Hi Diceman

using the indices seems a useful tool

can you explain how you do it please?

Thanks

Anthony
  • #189
  • Jun 8, 2011 4:22am Jun 8, 2011 4:22am
William, are you trying to take advantage of the order flow at the opening of LSE or you have something different in mind?
  • #190
  • Jun 8, 2011 7:48am Jun 8, 2011 7:48am
Srmfx Antgal23x ,hi

William, are you trying to take advantage of the order flow at the opening of LSE or you have something different in mind?

when everything is in perfect sync as it was this morning,all indicies selling of from late asian market,also all cross currency pairs ,i trade ftse every morning to clear overnight price gaps,on london open the price was 46 ,it had fills to make down to 35,and upto 60,so at 8 am open it cleared the jumps to 60 in 1min candle,jumping up to that level,against the bias of everything.cable and other pairs didnt rally up,it then became clear prices would carry on back down,this happens often on ftse open, runs 15 to 20 pips to clear overnight gaps ,then immediately reverses to the direction of its true path.and off they all went together.
so in answer to your question,on occasion when everything is in harmony,i believe that the ftse can give indication of direction,
regards
william
  • #191
  • Jun 9, 2011 1:56am Jun 9, 2011 1:56am
Today 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.
  • #192
  • Jun 9, 2011 2:46am Jun 9, 2011 2:46am
STE off 50 EMA. 1st part closed for 5p profit. Stop is at -5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 42 KB
  • #193
  • Jun 9, 2011 2:47am Jun 9, 2011 2:47am
2nd part closed for 9.5p profit. The rest is left with 5p stop.
  • #194
  • Jun 9, 2011 2:52am Jun 9, 2011 2:52am
hi,
yes heaps of news out today,european open took eu and cable higher ,maybe in anticipation,ftse followed at 8 open,but im looking for a fall at some point,
  • #195
  • Jun 9, 2011 5:59am Jun 9, 2011 5:59am
srmfx

I see you are using the 50 ema to enter trades on the EUR/USD this morning. But would you explain what would make you change to a different method on this pair today. Or possibly "change" is the wrong word maybe you would add another method ?
  • #196
  • Jun 9, 2011 6:18am Jun 9, 2011 6:18am
Quoting bapxyz
srmfx

I see you are using the 50 ema to enter trades on the EUR/USD this morning. But would you explain what would make you change to a different method on this pair today. Or possibly "change" is the wrong word maybe you would add another method ?

There 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 test the nearest swing hi/lo. This becomes the first target of my position (actually the second, because with the first part I'm trying to recover any possible loss from the last part). Today the 20 EMA was only 6-7 pips below the hi which is the size of the stop. This is not a good RR ratio and I decided to wait for a bigger correction (this time in price and time) and to buy at 50 EMA.
  • #197
  • Jun 9, 2011 6:33am Jun 9, 2011 6:33am
Hi srfmx...where can I find info on STE?
  • #198
  • Jun 9, 2011 8:48am Jun 9, 2011 8:48am
Quoting makem0ney
Hi srfmx...where can I find info on STE?
STE 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.
  • #199
  • Jun 10, 2011 12:52am Jun 10, 2011 12:52am
Today 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.
  • #200
  • Jun 10, 2011 1:48am Jun 10, 2011 1:48am
Quoting srmfx
STE 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.
Hi Svetlin (i guess im right..)

Your posts show a lot of wisdom.
Nice piece of work.. Keep it up..

As many of the readers have asked about TTE/STE, i have attached a link to Joe Ross's work with details about TTE.
http://www.forexfactory.com/showthre...94#post4680194

Hope they will find it useful and get some insight as to how you enter your trades.

Personally, I tarde quite similar to you. Instead of TTE I enter on the first pullback/retracement after price turns from an area of demand/supply.
I keep adding on subsequent retracements.

Trend is our friend till it bends
Keep well..
K. S.
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