EU - GU - GJ TRO SETUP TRADES

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

GU 15 min #3 Signal Short

Postby monarch » Mon Nov 16, 2009 5:00 pm

GU signal #3 formed after a double top hit right before 12pm EST Monday.

I watched the 1 minute chart for entry.

Short at 1.6793 (entry was a break below 1.6792 - I jumped early)


Target 1.6786
Stop 1.6800

New hourly candle starting now.

Update: The last hour candle gave a #3 short signal to confirm the 15min setup.

This is not my typical time to trade, with London closing and NY, I usually stay away during this period.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Mon Nov 16, 2009 5:11 pm

GU Short EXIT +7 (17 minute trade)

The 15 min and Hourly both confirmed this trade, and the 1 minute entry point is really helping trades for this week.

I will post charts in ASIA, I am heading out the door here soon.

Cheers, Monarch

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Mon Nov 16, 2009 5:23 pm

Even though I had exited that GU Short, I am now glad after seeing the movement on most pairs since the top of the 12pm EST hour.

I could have easily made more pips, but on the other hand I could have been hit hard.

Another reason I usually won't trade this period, the dow moves the market many times with London closing and NY in the market alone.

I prefer Asia, or even Sydney open, and Frankfurt with some London, but I usually like sleeping more then trading these days.

Cheers, Monarch

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Mon Nov 16, 2009 5:40 pm

Okay, I could not resist the EU temptation.

After seeing the 30 minutes of dropping price, I watched the 15 min Buy/Sell zone and put a line at the 1.4938 area, which was also a 61.8% retrace of the big move down this hour.

I then flipped to a 1 minute chart and when I see price hit that area at the 12:36 pm EST bar, I just shorted.

I closed in 30 seconds for +5 pips.

This trade did not confirm on the 15 min or Hourly with trading setup.

That is all of the shoot from the hip trades I will do today.

Cheers, Monarch

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Mon Nov 16, 2009 9:34 pm

EJ Hourly chart gave a Buy Entry at 133.31 - 133.36 during the 4pm Hour Candle.

I took a Long in the buy zone at 133.34 (chart price) 133.38 (buy price)

Exit +8 pips before 5pm EST (Sydney open and NY close)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Tue Nov 17, 2009 2:25 am

9:25 pm EST
EU 15 min #3 forming

Hourly chart buy zone at 1.4947

Watching 1 min chart for possible entry

Caution: Price could drop deeper during this session.

Note: 9:15 pm EST (15 min candle) has formed a #3 on EU, GU, GJ, EJ

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Tue Nov 17, 2009 2:36 am

EU is at a 50% retrace from the low to high in NY session.

I have 1 min resistance at 1.4956 and support at 1.4945.

Now let's see if we will bounce this small range and get a higher low, if so, we will get us a long entry for the 15 min #3 setup
Last edited by monarch on Tue Nov 17, 2009 2:43 am, edited 1 time in total.

User avatar
Patch
rank: 500+ posts
rank: 500+ posts
Posts: 941
Joined: Sat Jan 06, 2007 6:13 pm
Reputation: 0
Location: Virginia
Real name: Jeff
Gender: Male
Contact:

Postby Patch » Tue Nov 17, 2009 2:42 am

monarch

I am just wondering if you could post screen shots along with your posts?

Because I am a guy and therefore I am 70-80% visual and 20% verbal. I like pictures a lot more than I like reading and I can't spell with a wooden nickel anyway.

Thanks a bushel of wooden Nickels,

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Patch

Postby monarch » Tue Nov 17, 2009 2:48 am

Patch wrote:monarch

I am just wondering if you could post screen shots along with your posts?

Because I am a guy and therefore I am 70-80% visual and 20% verbal. I like pictures a lot more than I like reading and I can't spell with a wooden nickel anyway.

Thanks a bushel of wooden Nickels,

Patch
In VA


I apologize for my lack of pictures, I only post them when I am at my desktop, and I am usually on my laptop, but I do plan on posting many charts soon, that will help explain what I am looking at.

I know that I say several things, but if a trader does not have the setups I have, it is hard to see the trade I am looking at. I also know I have several indicators for picking trade areas, but I have added a 1 minute chart for entry, and this comes from years of just watching price action, so it is hard to explain why I take some trade, please have patience with me and I will do my best to setup the charts to show the same thing consistently for all to follow.

Cheers, and thanks for reminding me of charts.

Monarch

monarch
rank: 150+ posts
rank: 150+ posts
Posts: 183
Joined: Tue Mar 06, 2007 9:56 pm
Reputation: 0
Gender: Male

Postby monarch » Tue Nov 17, 2009 3:00 am

Top of Hour, new moves coming forth.

Eu in a 15 pip range, low so far has held with a test above it on this last small move down.

No Trades yet, only observing while pre-occupied with relaxation.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”