EU - GU - GJ TRO SETUP TRADES

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monarch
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EU 15 Min

Postby monarch » Sat Dec 12, 2009 12:10 am

2 of 3 comments

When I switched to my 15 min chart, I could recognize that there was a major move downward, so I did one thing, I waited.

I am a reversal trader, so I needed something to show me that there was a possible reversal.

I told the chat room I entered a trade on the 1.4598 break up.

I made +7 pips and from there, kept watching for more entries, my final entry was Long on the next dip at 1.4593, which paid out +18 pips.

I lost one for -4 pips when the 1.4598 broke the first time.

So once I seen a BLUE 15 min candle form, I knew that I could watch the 1 and 5 min chart for a TRO RAT Trade - GREEN/LONG
Attachments
EU 15 Min chart.PNG
EU 15 Min chart.PNG (17.22 KiB) Viewed 2593 times
Last edited by monarch on Sat Dec 12, 2009 12:44 am, edited 1 time in total.

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monarch
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EU 5 Min

Postby monarch » Sat Dec 12, 2009 12:29 am

3 of 3 comments

This is the actual Long setup on the 5 min chart.

You have to remember, the Rat Trade (box) will keep extending on a move, so you have to find the most probable area for a trade when price is screaming.

I chose the 15 min reversal candle to give me a heads up that a trade would form.

On this 5 min chart, you can see the 15 min form, then dropped deeper, I have the Rat Entry based on the first 5 min BLUE candle forming, Long on the break of that high.

I actually entered on a higher low on the bottom.

Cheers,

Monarch
Attachments
EU 5 Min Chart.PNG
EU 5 Min Chart.PNG (20.47 KiB) Viewed 2587 times

monarch
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EU 1 MIN

Postby monarch » Sat Dec 12, 2009 6:36 am

NO, I do not trade on a ugly chart like this LOL, but wanted to post this EU 1 minute chart to show the move down on Friday during the London and NY session.

This really shows the 15 min rejection/reversal candle was one to trade with, you would have been hurting if you were taking longs on this 1 minute alone.

So:
- 1 Hour gives you the overall view of a session and high/low.
- 15 min will give you the trade forming
- 5 min rat zone will show you exactly when to enter, safely after the
trade has said, ENTER
- 1 min is my preference at the time of the trade actually setup, I will only
watch the 1 min once I know I have the setup, and will exit with 1 min.

Cheers,

Monarch
Attachments
eu 1 min.PNG
eu 1 min.PNG (28.96 KiB) Viewed 2542 times

monarch
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EU 1 Hour Chart

Postby monarch » Sat Dec 12, 2009 4:42 pm

This is simple trading......Yes Simple.

After seeing the sell-off on EU Friday 12-10-2009 I would do a basic
analysis of where it was and where it "should" go.

Remember, I am a reversal trader, and I have to find the most probable areas for setups.

Sure, I watch the 15min chart with a Sema, and I have the 5min setup with the Rat Zone to show areas for high and low of daily, but it is up to me to say, IS THIS THE AREA I WANT TO TRADE???

I will not just start entering a trade because it moves, but I am watching for what I call PREDICTABILITY, that is where "IT" should react, but it is not always where it reacts.

If we put together a system with simple rules, and be SMART traders, we can accomplish a few nice trades per session or day.

In this 1 Hour Chart, I am looking for areas that were previous areas of resistance, support, or a speed bump stall.

Once I review the New York, or London session moves, I come into the ASIA session to trade.

So come market open, or even Monday, I will begin to look for areas of possible STALL or REVERSAL.

I now have my areas to watch, I will then reduce to a 15 min and wait for the proper formation, then once again reduce to the 5 min for a final setup on my trade, and then on the 1 min, I attack and make a very small profitable trade.

I am the true rat, I wait hours and hours, I watch trade after trade go by, and when the move has expired and begins it's reversal - I TRADE.

+7 over and over, +7 one time, two times, three times a day, possibly a -7 thrown in on a final fake continuation.

I add it all up, and my win/loss ratio is lopsided, and my 20-50 pip days add up nicely, and overall, I increase lot sizes based on my total account balance.

And I continue to just be SIMPLE, and Patient for my SETUPS.

It does not get any more simple then making money every day.

CHEERS and a Great Weekend to ALL.

Monarch
Attachments
EU 1 Hour Levels.PNG
EU 1 Hour Levels.PNG (30.42 KiB) Viewed 2521 times

monarch
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Saturday Review

Postby monarch » Sat Dec 12, 2009 5:48 pm

I was just chilling here and thought, let me do a quick review of the EU.

So I came up with the Monthly, Weekly, and Daily charts.

The Daily is just my fun chart, but you can see there is a reason for the madness, and it works on many time frames.
(yellow lines is my thought of connecting dots - LOL)

Enjoy the Day.

Monarch
Attachments
EU Daily.PNG
EU Daily.PNG (23.75 KiB) Viewed 2511 times
EU Weekly.PNG
EU Weekly.PNG (26.71 KiB) Viewed 2511 times
EU Monthly.PNG
EU Monthly.PNG (28.02 KiB) Viewed 2511 times

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monarch
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A weekly paycheck

Postby monarch » Sat Dec 12, 2009 6:05 pm

I wanted to show exactly how a weeks worth of trading SIMPLE works.

I take a $1.00 Bill and place my trade (as seen in previous post)

In a few minutes that $1.00 turns into a $7.00 Bill

See the pictures for 1 trade profits.
Attachments
7 dollar bill.PNG
7 dollar bill.PNG (189.04 KiB) Viewed 2506 times
1 dollar.PNG
1 dollar.PNG (184.23 KiB) Viewed 2531 times

monarch
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THEN>>>>>>>

Postby monarch » Sat Dec 12, 2009 6:13 pm

So then during a 24 hour period (usually 4 hours in Asia) I take 3 total trades with my setup.

$1.00 X +7 pips = $7.00 X 3 trades = $21.00

I do this every day for 5 trading sessions = $100.00 for the week.
Attachments
100 dollar bill.PNG
100 dollar bill.PNG (118.43 KiB) Viewed 2529 times

monarch
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Continuing On

Postby monarch » Sat Dec 12, 2009 6:23 pm

So that is a newbie, just trading a little mini lot.

So, I continue onward.

Simple Trades, Strong Setups, 1 Trade at at time......

I put a 10.00 bill on a trade (1 standard lot)

I trade 3 trades a day for 7 pips X 10.00 = $70.00 X 3 trades = $210.00 per session.

I trade 5 days a week X $210.00 = $1,000.00 per week

I trade 50 Weeks a Year X $1,000.00 = $50,000.00 Year

That is just 1 standard lot trade with my simple +7 pip trades.

Once your account builds, just add on a few extra standard lots, and you will feel the blood flow when your trading these easy setups.

And that is just the beginning of profits.

See pictures below for profits
Attachments
50,000 dollar bill.PNG
50,000 dollar bill.PNG (113.24 KiB) Viewed 2527 times
1000 dollar bill.PNG
1000 dollar bill.PNG (173.45 KiB) Viewed 2527 times

monarch
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Risk

Postby monarch » Sat Dec 12, 2009 6:54 pm

Let's take a look at risk and margin.

If your trading a Standard Lot ($10.00)
the risk per trade is -10 pips = -$100.00

On a 5,000.00 account it would be 2% risk.

On a 2,500.00 account it would be 4% risk.

On a 1,000.00 account it would be a disaster - 10% risk per trade.
--------------------------------------------------------------------------------

If your trading a Mini Lot ($1.00)
the risk per trade is -10 pips = -$10.00

On a 1,000.00 account it would be 1% risk.

On a 500.00 account it would be 2% risk.

On a 100.00 account it would be a disaster - 10% risk per trade.
--------------------------------------------------------------------------------

If you trade a Micro account, trade 1cent or 10cent, and have a blast.
--------------------------------------------------------------------------------

If you trade different setups continually, DO NOT RISK YOUR ACCOUNT.

Find a setup, and do it over and over, learn it, live it, and live off of it.

If your like me, and you like to try stuff outside of your setups, don't risk much on those trades, keep it smaller.

But on the real setups, trade it the same every time, take profits at +7 or exit if it fails and keep it under -10 pips if you lose.

Cheers,

Monarch

monarch
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EU

Postby monarch » Sun Dec 13, 2009 12:32 am

This is the EU Hourly chart showing the time sessions I pre-mark a few days ahead for my trading session.

I start my trading time by watching the Sydney open at 5pm E.S.T
(Yellow Vertical Line)

Then at Asia open 7pm E.S.T I will begin watching for the daily high and low levels to start spreading out.
(Green Vertical Line)

I basically watch the first couple hours of Asia, then by 9pm E.S.T.
I will start my daily trading.

I complete my trading session 1 hour before Frankfurt open.
(Magenta Vertical Line).

I will target 1-3 trades per trading session, on 3 pairs, EU-GU-UJ, and normally I will focus on the pair that is making the biggest moves that spread the daily high and lows.
Attachments
EU Nov-Dec 1 HR chart.PNG
EU Nov-Dec 1 HR chart.PNG (50.2 KiB) Viewed 2475 times
Last edited by monarch on Sun Dec 13, 2009 3:27 am, edited 1 time in total.

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