EU - GU - GJ TRO SETUP TRADES

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monarch
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Re: EU 1 Min Chart

Postby monarch » Sun Mar 14, 2010 2:47 pm

[/quote]
Monarch, do you still give live calls in the 2% room?
Have not seen you post here in a long time.
Where is the 2% room?

N2FX[/quote]

N2, funny, you know what I am doing now days.... lol

I am no longer in 2% room.

I will do some updates on thread this week.

Cheers,

M

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N2FX
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EU

Postby N2FX » Mon Mar 15, 2010 9:48 pm

Slow market right now, the support at 1.3670 on EU is holding.

I will keep an eye on break down of that line Monarch.

Update: Range is very tight

High 1.3680
Low 1.3670

Entry #1 short at 1.3675 (triggered) risk 5 pips target 15 pips
Stop break above 1.3680
Entry #2 short at 1.3669 (waiting) risk 10 pips target 10 pips
Target for break below to 1.3660

This is not a typical scalping method I use, I am placing these positions on the small range here.

I will begin scalping once we get a real move for 20/30 pips segment.

Update: 6:30pm EST price came back to entry and I exited the short.
I will enter once the price breaks this 75 line on the 5 min chart, it is a real sleeper 10 pip range. lol

monarch
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Postby monarch » Tue Mar 16, 2010 1:06 am

N2FX

The 1.3680 held strong 3 times, I seen your entry, but Asia needed to be a player.

I shorted the stall pattern on the 3rd tap.

The 1.3660 was a good target you projected.

Thanks.

Here is my 5 min chart.
Attachments
EU 5 min short.jpg
EU 5 min short.jpg (60.29 KiB) Viewed 1392 times

monarch
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Postby monarch » Tue Mar 16, 2010 1:28 am

Price back to 1.3680

Looks as if Asia wants to test higher.

1.3660 rejected drop.

N2FX
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EU short

Postby N2FX » Tue Mar 16, 2010 5:36 am

I had a projected resistance area that formed nicely.

The following is 5 charts showing my entries, 1, 2, 3, 4, 5 & 6 are on the 5th chart.

I had 6 entries all at 1.3695, I know you may think hmmmm.

This is on my Ninja charts to show the entries, I took the same on my standard platform.

Reached my goal for the Asia session.

+6 pips at 6 lot entries = +36 pips off a small time frame.
Attachments
EU short asia exit.jpg
EU short asia exit.jpg (64.12 KiB) Viewed 1359 times
EU asia short 4th entry.jpg
EU asia short 4th entry.jpg (58.4 KiB) Viewed 1359 times
EU Short Asia Entry 3.jpg
EU Short Asia Entry 3.jpg (55.07 KiB) Viewed 1359 times
EU Short Asia Entry 2.jpg
EU Short Asia Entry 2.jpg (56.71 KiB) Viewed 1359 times
EU Short Asia.jpg
EU Short Asia.jpg (53.98 KiB) Viewed 1359 times

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N2FX
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EU

Postby N2FX » Thu Mar 18, 2010 4:40 am

I had several areas I posted in the "other forum" and 1.3718/22 and 1.3705 were the lows I expected in Asia.

I took a long on the basis of the expected lows being reached, then higher lows on the 5 min chart.

I took +7 on this simple setup, on a basic chart.

Now to see if it can get back to 1.3755 area, or collapse to the 1.3705 and possibly 1.3694/96 area that has been a strong magnet the past month.

N2FX
Attachments
EU Long Wed Asia.jpg
EU Long Wed Asia.jpg (62.05 KiB) Viewed 1300 times

N2FX
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Postby N2FX » Thu Mar 18, 2010 5:21 am

Nice drop below 3680, now looking for move back to 3704 area.

N2FX
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Postby N2FX » Thu Mar 18, 2010 5:35 am

Finally a 5 min stall and a higher low.

I went 5 lot entry Long at 3681, will watch it up to 3700, or stall pattern.

N2FX
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Postby N2FX » Thu Mar 18, 2010 5:39 am

I took +7 on that long, lots of resistance on my charts here, if it dips and gives higher low again, I will re-enter.

This was an awesome move down that paid out very big, man, the EU is paying out nice....

N2

N2FX
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EU

Postby N2FX » Thu Mar 18, 2010 5:46 am

This is the 5 min chart showing entry candle.

After seeing my levels broken, I had to look on a bigger time frame to find something, I really didn't, so I waited for the test and rejection of low.

This can be seen much easier for entry on the 1/5 tick, or even a 1 min.

I wanted to hold up to 3700, but not with heavy lots on.

There was 8 consecutive bearish candles, and the 2 candles prior to my entry candle were both fighting for a move up, so when it came back down, I went in LONG.

N2
Attachments
EU 5 min Long.jpg
EU 5 min Long.jpg (40.57 KiB) Viewed 1286 times

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