EU - GU - GJ TRO SETUP TRADES

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noone22
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Re: EU Chart (1 minute)

Postby noone22 » Mon Nov 30, 2009 7:06 am

monarch wrote:Here is that same chart showing the targeted areas I had on the 1 minute


Is it really possible (I mean - practicable) to trade 1 minute chart?

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monarch
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Re: EU Chart (1 minute)

Postby monarch » Mon Nov 30, 2009 1:24 pm

noone22 wrote:
monarch wrote:Here is that same chart showing the targeted areas I had on the 1 minute


Is it really possible (I mean - practicable) to trade 1 minute chart?


Greetings noone22, to answer that, yes, all things are possible.

If you will take a look at my screen pic, the first post on page 14, you will see I have the 15min charts.
I monitor those charts as price nears the daily high/low and when I see a #3 form, I simply switch to a 1min chart to get a closer look for stall of price and entry.

I have friends that trade the 1 tick and make great profits, I spent a year watching 1 tick, even 16th of 1 tick.

It is all in the eye of the trader, learn the pair you trade, and you can start to see setups over and over.

Cheers,

Monarch

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Postby noone22 » Tue Dec 01, 2009 12:58 am

Thank you.
I need to have a closer look.
Usually I'm using two different time-frames for
signals confluence.
Never used 1M time-frame before.

It could be red candle over there,
while candle is green on M15 chart -
and this the reason for my caution.

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Noone

Postby monarch » Tue Dec 01, 2009 1:20 am

noone22 wrote:Thank you.
I need to have a closer look.
Usually I'm using two different time-frames for
signals confluence.
Never used 1M time-frame before.

It could be red candle over there,
while candle is green on M15 chart -
and this the reason for my caution.


That is true, I am basing the trade on 15 min setup, the 1 min will just be used for entry, I usually do not trade the 1 min alone.

I will put a few charts up here today to show what I am looking at.

Cheers,

Monarch

monarch
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UJ 15 min chart

Postby monarch » Tue Dec 01, 2009 1:27 am

Okay, here is the 15 min chart that formed in ASIA monday evening

7:15 pm (EST) price hits the high of daily and a #3 forms on the chart.

It is here I watch the 1 min chart to see if that is going to hold.
Attachments
UJ 15 Min Setup.PNG
UJ 15 Min Setup.PNG (29.45 KiB) Viewed 718 times

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UJ Setup

Postby monarch » Tue Dec 01, 2009 2:47 am

After I posted that last chart, I walked away from the charts not liking the market for today.

I had shown a 15min setup with a #3 forming, but it was in the beginning of ASIA session, which is too soon to take sides.

So I returned to my desk to see that price took off upwards nicely, and the #3 probably moved on every 15 min candle until the the last stall appeared.

I took 1 entry, then realized HEY, this is a great setup so I entered another entry 1 pip higher.

I took more then 7 pips this time, +10 pips and +9 pips.

Here are the 15 min and 1 min chart.

Cheers,

Monarch
Attachments
UJ 15 Min Setup.PNG
UJ 15 Min Setup.PNG (28.63 KiB) Viewed 708 times
UJ short Monday.PNG
UJ short Monday.PNG (21.55 KiB) Viewed 708 times

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Postby monarch » Tue Dec 01, 2009 2:53 am

UJ 9:53 pm (EST)

Watching reaction at top.

87.09 Key Entry Short.

Stop a break above high.

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UJ Short Again

Postby monarch » Tue Dec 01, 2009 2:58 am

Okay

UJ 9:58 pm (EST)

Short entry 87.09
Exit 87.05 (top of hour - want out)
+5 pips

Here is the 1 minute chart.
Remember I already have 15 min setup, so only watching reaction at the high point.

Cheers

Monarch
Attachments
UJ short again.PNG
UJ short again.PNG (24.72 KiB) Viewed 700 times

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Postby monarch » Tue Dec 01, 2009 3:06 am

New Break Out UJ

Let's see if this is just a fake and fall.

monarch
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UJ AGAIN

Postby monarch » Tue Dec 01, 2009 3:10 am

UJ 10:08

Price tops at 87.34
Short 87.33
Stop break high
Target as seen on charts, or +7 normal exit.
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UJ Short once again.PNG
UJ Short once again.PNG (23.5 KiB) Viewed 696 times

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