EU - GU - GJ TRO SETUP TRADES

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drofwarc
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Postby drofwarc » Wed Nov 25, 2009 10:56 pm

Nice day's work :D

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monarch
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Postby monarch » Wed Nov 25, 2009 11:22 pm

Hey Drofwarc, was a good night of setups, I spend about an hour after we talked and laid out the short plan, it worked after London took it up to trigger me in. lol.

I am not trading right now, can't get my MT4 to login with laptop???

Any ideas, it is Vista???

monarch
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summary of trades today

Postby monarch » Thu Nov 26, 2009 4:14 am

I had a short on GJ @ 145.62 on the 3 support break line and made my +7 pips, it went for over 100 pips in a few minutes, but my target was reached fast.

Here is the UJ Short (5 min chart) I took after it broke major support and retraced, I waited for the 38.2 to break down, and made +7 pips

2 trades tonight, had major chart problems but now up and running having a blast.

Have a Happy Thanksgiving Everyone.

Cheers,

Monarch
Attachments
UJ Short - Fibo.PNG
UJ Short - Fibo.PNG (17.15 KiB) Viewed 676 times

monarch
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Postby monarch » Thu Nov 26, 2009 4:35 pm

11:30 am Thanksgiving Day

Looks like the EU and GU have had plenty of action today.

There are #3 forming on the 15, 1hr for both pairs.

I am Long on EU, will give details in next post.

Watch the break above 1.4985 should take us up to below 1.5000 again.

monarch
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EU

Postby monarch » Thu Nov 26, 2009 4:53 pm

EU
I Started longing when price came below 1.5000

3 long positions were triggered
2 long positions closed, 1 position remains

3rd position: +13 pips
2nd position: +3 pips (this is the 1.4985 entry-I closed before +7)
1st position: open

Note: Since I was already in EU trades, I did not enter GU trades, I only trade one pair at a time, and EU had my attention at 1.5000, but GU had a good support on larger time frame.

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monarch
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EU exits

Postby monarch » Thu Nov 26, 2009 5:21 pm

12:20 pm Thursday (EST)

The 1.4985 played out as expected, just slower then I like.

1st Position: +3 pips (was looking for the 1.5000 to be re-tested-it did)

Total 3 trades (bottom feeder - longs)
+13, +3, +3 = +19 for just a short period of my morning.

Now for the Pancake and Eggs Breakfast, time to prepare the feast.

Happy Thanksgiving to Everyone!

monarch
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GU

Postby monarch » Thu Nov 26, 2009 6:03 pm

Last trade for the day (maybe)

GU 12:30 pm
Price came down to the rat zone high line and then next 5 min candle
came to a high at 1.6490, I longed on that break high.

Exit +7 pips (20 min trade)

Daily Total: 26 pips

Humble
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Postby Humble » Fri Nov 27, 2009 1:02 am

If you use TRO's shi channel indi, the lines will not extend passed the last candle.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

monarch
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Greeting Humble

Postby monarch » Fri Nov 27, 2009 6:30 am

Humble wrote:If you use TRO's shi channel indi, the lines will not extend passed the last candle.


Thanks for the indicator note

Cheers,

Monarch

monarch
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EU Trades

Postby monarch » Fri Nov 27, 2009 6:37 am

I shorted EU at 12:30 am (EST) at the break of the 1.4913 and took a quick +4 pips.

It popped back into the range and I waited for the Long Setup.

Here is 2 charts 15 min and 5 min showing my Long Entry area and pattern.

The time of trade was 1:21 am (EST) and exited at 1:26 am.
Long at 1.4909 +7 pips

Cheers

Monarch
Attachments
EU 5 min chart Thanksgiving.PNG
EU 5 min chart Thanksgiving.PNG (24.7 KiB) Viewed 594 times
EU 15 min chart Thanksgiving.PNG
EU 15 min chart Thanksgiving.PNG (23.49 KiB) Viewed 594 times

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