EU - GU - GJ TRO SETUP TRADES

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roger_over
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Postby roger_over » Sun Nov 15, 2009 6:10 am

Great, I look forward to the week ahead!
Genius is more often found in a cracked pot than in a whole one.
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monarch
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Pair Revision

Postby monarch » Sun Nov 15, 2009 2:01 pm

I named this thread EU-GU-GJ, but I will be putting the GU and GJ on hold for now and focus more on the EU based pairs.

My revision is the currency pairs only.

Primary Pair: EU
Secondary Pairs: UJ and EJ

Primary time frame: 15 min chart
Primary indicator: #3 level zz Semafor
Secondary indicator: Sup/Res Level, Fibonacci's

Secondary time frame: Hourly
Primary indicator: Blubbb Mighty Zones
Secondary indicator: TRO Dynamic Fibs SR

Target for all pairs: 7 pips (after spread or commission)
Stop Loss for all pairs: A breach of a #3 sup/res level (or 10 pips max)

Primary Session:Asia
Secondary Session: NY Open

monarch
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Postby monarch » Mon Nov 16, 2009 12:59 am

UJ had a #3 form at 7:45 pm EST and now price has once again hit that low, I will watch the top of the hour prior to taking a long trade.

Hourly also has a #3 formed on this candle.

Update: 8:09 PM Sunday

UJ has supported for the moment at 89.37 at the #3 signal.
It has risen up to 89.50 since the 8pm candle opened, I will watch for the drop here to see if it remains above the previous double bottom on the 15 min.

At that point, I will be looking for Long Entry.

monarch
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Postby monarch » Mon Nov 16, 2009 1:40 am

Update: Price came back down and stalled before hitting a 3rd tap of support, I waited for the breakout upwards on the 1 min chart and entered on the 8:29 bar for a LONG at 89.47 (89.49 after spread) and closed trade when the 1 min stalled hitting 89.55 5 5 times.

Profit was .67 pips, just short of my 7 goal.

I was watching only UJ at this time, but there was also a EU setup 2 hours ago.

I am now waiting for next setup.

I will post the chart on this trade in a little while.

monarch
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Postby monarch » Mon Nov 16, 2009 1:48 am

#3 Signal Short on EU, I missed entry at 1.4962 - will wait for re-test of this area.

Update: This short would have paid out already, no longer taking trades until new setup.

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monarch
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UJ LONG SETUP

Postby monarch » Mon Nov 16, 2009 2:19 am

This is the 15min Chart showing the #3 forming and the setup for long.
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UJ 8.29 pm Sun LONG.PNG
UJ 8.29 pm Sun LONG.PNG (28.92 KiB) Viewed 1354 times

monarch
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UJ 1 Minute

Postby monarch » Mon Nov 16, 2009 2:22 am

This is the 1 minute UJ chart I was watching for the entry point for the 15min setup.

You can see the double bottom, then the move upwards, then price came back towards the support but failed, I watched price action for breakout (LONG), which came at 89.47.

I exited with 6.7 pips, just short of my goal, and looking now I can see the goal was reached eventually.
Attachments
1 Min Chart for the LONG ENTRY.PNG
1 Min Chart for the LONG ENTRY.PNG (20.63 KiB) Viewed 1351 times

monarch
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EU #3 Signal Short

Postby monarch » Mon Nov 16, 2009 2:31 am

This is the 1 minute chart for ENTRY on the 15min #3 signal for a short.

I missed this out of just (i was too slow). lol.

Cheers, Monarch
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EU 1 MIN SHORT SETUP.PNG
EU 1 MIN SHORT SETUP.PNG (22.47 KiB) Viewed 1348 times

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pablo101
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Postby pablo101 » Mon Nov 16, 2009 3:53 am

looking very nice Monarch, keep the charts coming :)
What line? The line that tells you which way you are trading! - MO

monarch
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Postby monarch » Mon Nov 16, 2009 4:12 am

EU is looking like it wants to break upwards, I took a small long at 1.4951, should have stayed in that one.

Lets see how the resistance here at 1.4967 holds???

If it breaks, look for next short setup near 1.4985/00 area.

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