EU - GU - GJ TRO SETUP TRADES
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- roger_over
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Pair Revision
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
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
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.
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.
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.
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.
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UJ LONG SETUP
This is the 15min Chart showing the #3 forming and the setup for long.
- Attachments
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- UJ 8.29 pm Sun LONG.PNG (28.92 KiB) Viewed 3973 times
UJ 1 Minute
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.
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
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- 1 Min Chart for the LONG ENTRY.PNG (20.63 KiB) Viewed 3970 times
EU #3 Signal Short
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
I missed this out of just (i was too slow). lol.
Cheers, Monarch
- Attachments
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- EU 1 MIN SHORT SETUP.PNG (22.47 KiB) Viewed 3967 times
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