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TOPIC: Apply Ross Hook Trading (+TTE) in the Forex Market

Apply Ross Hook Trading (+TTE) in the Forex Market 1 year 7 months ago #79

  • Manus168
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marco wrote:
Nice Trade Manus!

Whenever you see such strong momentum in one direction, it's usually better to enter on the TTE. In this case you marked the TTE as the "double bottom ross hook", but actually it's a TTE double bottom.

Thanks for sharing!

Marco

Thanks for you suggestion maybe next time I will try the TTE's trade.

P.S. Please cMiiw for looking the Momentum usually I choose a double Moving Average to find a trend:
1. Exponential Moving Average by Close period 21.
2. Weighted Moving Average by close period 55.


AND

I'm using a London Market Open for GBP/USD and the US market open for the USD/CAD to get more leverage for the momentum so I can ride the strong momentum with the trend who already show by the Double Moving Average above, Some times I put the Bollinger Bands period 20 with Deviation 2 for filtering the Ross Hook. with the Upper & Lower Bollinger Bands for the border as a warning limit levels

Speak about the momentum I remember from Andy Perry (a.k.a. Captain Currency) strategy called 3 Duck Trading system just used Simple Moving Average period 60 by Close in the H4-H1- m5 maybe We can try applied the Ross Hook & a TTE's trade at the m5 if all the duck (SMA 60) in the H1 - H4 in the same side.


Last Edit: 1 year 7 months ago by Manus168.
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Apply Ross Hook Trading (+TTE) in the Forex Market 1 year 7 months ago #80

  • charlie_brown
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cannot access page 4 in this tread...
Last Edit: 1 year 7 months ago by charlie_brown.
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Apply Ross Hook Trading (+TTE) in the Forex Market 1 year 7 months ago #81

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Strange. I can access all pages without any problem. Try to log out and back in, reload and clear internet cash. Hopefully you can resolve the problem!

Have a nice weekend,
Andy
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Apply Ross Hook Trading (+TTE) in the Forex Market 1 year 7 months ago #82

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Manus168 wrote:
charlie_brown wrote:
Manus168 wrote:
My trades at Friday May 3, 2016 at GBP/USD m15 after London Market open I found 123 formation after that the GBP/USD already make a Ross Hook with a Double Bottom and I put My SELL STOP Pending Order at 1.43966 with the TP at 1.43866 and not so long the Pending Order is done with a TP 10 pips easily get it.



See you next week and happy trading.

Hi Manus168, the point wich you marked with "2" was already the RH.

Hi Charlie, thanks for reply, if Im not wrong in Joe's ebook about the Law Of Charts and Trading The Ross Hook said Ross Hook form after 123 formation form and the market violated the 2 and back to retrace the last sharp angle is the Ross Hook, if the number 2 of the screenshoot above is the Ross Hook thats means the previous 123 formation not already violated, can you help Me to explain this condition ? Thanks before.

I correctly assumed that it was 13th of May and not the 3rd ;)

In a case of 123 tops or bottoms you have to see full correction after Points 2 and 3 (refer to TLOC). It was exactly was happened there, where I marked 123 top.

Last Edit: 1 year 7 months ago by charlie_brown.
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Apply Ross Hook Trading (+TTE) in the Forex Market 1 year 7 months ago #83

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charlie_brown wrote:
Manus168 wrote:
charlie_brown wrote:
Manus168 wrote:
My trades at Friday May 3, 2016 at GBP/USD m15 after London Market open I found 123 formation after that the GBP/USD already make a Ross Hook with a Double Bottom and I put My SELL STOP Pending Order at 1.43966 with the TP at 1.43866 and not so long the Pending Order is done with a TP 10 pips easily get it.



See you next week and happy trading.

Hi Manus168, the point wich you marked with "2" was already the RH.

Hi Charlie, thanks for reply, if Im not wrong in Joe's ebook about the Law Of Charts and Trading The Ross Hook said Ross Hook form after 123 formation form and the market violated the 2 and back to retrace the last sharp angle is the Ross Hook, if the number 2 of the screenshoot above is the Ross Hook thats means the previous 123 formation not already violated, can you help Me to explain this condition ? Thanks before.

I correctly assumed that it was 13th of May and not the 3rd ;)

In a case of 123 tops or bottoms you have to see full correction after Points 2 and 3 (refer to TLOC). It was exactly was happened there, where I marked 123 top.


Thank you Charlie. By your screnshoot I just pick the 4 Ross Hook can be trade in the green circle actually only 3 if We start trade after the London Market open.

Last Edit: 1 year 7 months ago by Manus168.
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