Closed UJ after it bounced NOWHERE for a Breakeven.
EJ still fighting.
EU - GU - GJ TRO SETUP TRADES
Moderator: moderators
OK, EJ exit +6 pips, was there before, EU and UJ are in a fight, so I will stay out till one goes one way, and the other the other way.
I don't like seeing a #3 form on all 5 pairs for a LONG, that is not right. lol
I don't like seeing a #3 form on all 5 pairs for a LONG, that is not right. lol
Last edited by monarch on Mon Nov 23, 2009 11:52 pm, edited 1 time in total.
EU Asia Session
I started watching EU right around 6pm EST and noticed that we have some good Short areas coming.
I have already taken one short for +7 pips based on the 5 minute pressure down, but I am waiting for several points above if price continues upwards.
Here is the 4 hour chart and the 1 hour chart.
I have a S-Zone 1,2,3 on the 4 hour, that is a SHORT ZONE
On the Hourly I have one area marked which is the S-Zone 2 on 4 hour chart.
I will monitor during the Asia session.
Cheers, Monarch
I have already taken one short for +7 pips based on the 5 minute pressure down, but I am waiting for several points above if price continues upwards.
Here is the 4 hour chart and the 1 hour chart.
I have a S-Zone 1,2,3 on the 4 hour, that is a SHORT ZONE
On the Hourly I have one area marked which is the S-Zone 2 on 4 hour chart.
I will monitor during the Asia session.
Cheers, Monarch
- Attachments
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- EU 1 Hour Chart.PNG (28.58 KiB) Viewed 2878 times
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- EU 4 Hour Chart.PNG (25.15 KiB) Viewed 2878 times
UJ 4 Hour
I have a line drawn on the UJ 4 Hour Chart where 88.72 could have some rejection, lets take a look at the hour to see what it shows.
- Attachments
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- UJ Support Area 4 Hour.PNG (28.16 KiB) Viewed 2874 times
UJ 1 Hour Chart
The bottom of the green area is the same as the 4 hour support I marked.
I will watch this area to see if it plays out, until then, I will watch only on this pair, or wait for a move up for a Short Play.
Cheers
I will watch this area to see if it plays out, until then, I will watch only on this pair, or wait for a move up for a Short Play.
Cheers
- Attachments
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- UJ Hour Chart.PNG (25.74 KiB) Viewed 2871 times
5 Min EU
Now that I have some zones marked, I put those area into my 5 min chart (I replaced the 1 minute with the 5 minute)
If these zones are reached, I will start to look for rejection and shorts.
Hope this is simple enough, nobody ask any questions, so I figured it is basic.
Cheers.
If these zones are reached, I will start to look for rejection and shorts.
Hope this is simple enough, nobody ask any questions, so I figured it is basic.
Cheers.
- Attachments
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- EU 5 min chart.PNG (22.21 KiB) Viewed 2868 times
5 Min EU
I am watching the price climb segments at a time.
I will monitor the rejection on the 5 min chart here, I have a #3 formed on the 15 min for now, still looking for a spike up to 1.4934/39 area.
I will monitor the rejection on the 5 min chart here, I have a #3 formed on the 15 min for now, still looking for a spike up to 1.4934/39 area.
- Attachments
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- 5 Min EU.PNG (20.56 KiB) Viewed 2866 times
EU 1.4935 S-Zone 1 on 4 Hour Chart was reached.
The #3 has formed, but will move upwards as price moves upwards.
What I am looking for now is a complete stall on top.
That can be seen easy at times, but not every time.
I am watching PA at 1.4935, 1.4926, 1.4923, 1.4918 for now, if price squeezes out the top, I will change my perimeters.
The #3 has formed, but will move upwards as price moves upwards.
What I am looking for now is a complete stall on top.
That can be seen easy at times, but not every time.
I am watching PA at 1.4935, 1.4926, 1.4923, 1.4918 for now, if price squeezes out the top, I will change my perimeters.
