EU - GU - GJ TRO SETUP TRADES

[monarch]

Okay, EU has tested near support here on the one minute, looking for long break now.

Possible 1.4950 entry point

Target on a long will be up around last cluster on 1 min 1.4960/63 area

[monarch]

It is a GO 10:20 pm EST

Long EU 1.4950

Target +7

Stop 1.4940 -10 (for now) will raise it when price goes a few pips up

Note: Look at the 1 minute chart and see how many candles there stopped one pip above the support line - rejection for a bounce up, I took the break of 1.4950

UPDATE: Trade moved in my favor for 7 pips, I was holding for more - after the great entry, but I moved my stop up when it went up and still closed out +3 pips.

I am really wanting a long down around 30 area.

[monarch]

Okay, figured I would start with the basics, my screenshot.

I have the same setup on my desktop and laptop, many times I also have the 1 minute chart overlapping the hour once I get the signal a trade is forming.

I have several other charts for the 1 minute, and some lower time frames, but those are not as important.

I will post some trade pics soon.

Cheers

Monarch

[monarch]

This is the EU Hourly Chart.

You can see were in the Green (Buy Zone) presently, which could take us up, or we could dip lower still.

I have the next Short or Long areas marked on this chart in Magenta to show the areas of importance to me.

I have already longed the EU on a 15 min signal, but exited early for small profits.

Price is pretty dead right now, and has been for that past 2 hours, so what I want is a good move to hit these areas and then ATTACK Triggers.

[monarch]

The GU has risen nicely and has a retracement to the previous high
(Magenta line shows the previous area and the support the past few hours)

I am looking for shorts in the 1.6819 to 1.6844 zone.

I guess the best way to summarize my trading is Patience, Entry, Exit quick with profits, Small stops.

I have had a couple losses the past few weeks, so perfection is important, and if I have to wait an hour, so be it, or if I just miss the trade there will be others along the way.

[monarch]

The GU Hourly just gave the signal to LOOK FOR SHORTS GU.

This is the first stage of entry, once I see an alert, I will look over the charts to see if it is a good area to trade, for this move to 1.6819 is just the beginning of the short zone for me, I prefer higher entry, if it comes, I will snag it, if it doesn't then let it go without me, and I will pick the long on the next alert.

[monarch]

Okay, now I know where I want to trade based on the Hourly Buy/Sell Zone, I start to watch the 15 min and the 1 min chart.

I have the two areas marked on the 1 min chart here and will give more up close views if the trade forms before I fall asleep.

Cheers

Monarch

UPDATE: Look at the 1 minute chart, price has stalled at 1.6823 for 6 straight candles, will mark this area for now, new hourly in 3 minutes.

[monarch]

Based on the Hourly Sell Zone, I took short based on the 1 min, here is the trade in the beginning stage - I am still in the trade now, watching with tight stop.

NOTE: 1.6823 was that resistance I pointed out, now were watching on this drop, will it break below, soon to see.

[monarch]

Price tapped the target area paying me out the expected profits.

Here is the second chart showing the trade.

You can see I had a STOP waiting if price broke high, and a limit waiting for the 1.6819 area.

Cheers, and good night.

Monarch

[monarch]

GU - Looking through the Frank/London, price rose above my 1.6844 area to 1.6871 for final resistance and has dropped down to 1.6754.

I am away today and will not be trading until late Asia.

Cheers and good trading to all.

Monarch