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
EU - GU - GJ TRO SETUP TRADES
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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.
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.
Screen I watch
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
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
- Attachments
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- Screen Monarch.PNG (180.81 KiB) Viewed 2907 times
EU 1 Hour Chart
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.
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.
- Attachments
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- EU 1 Hour Chart Monday.PNG (29.65 KiB) Viewed 2901 times
GU Hourly Chart
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.
(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.
- Attachments
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- GU Hourly Chart Monday.PNG (30.64 KiB) Viewed 2897 times
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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.
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.
GU 1 Min Chart
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.
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.
- Attachments
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- GU 1 Min Chart.PNG (21.69 KiB) Viewed 2894 times
GU Short
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.
NOTE: 1.6823 was that resistance I pointed out, now were watching on this drop, will it break below, soon to see.
- Attachments
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- GU Short Entry.PNG (17.53 KiB) Viewed 2883 times
GU Short Exit
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
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
- Attachments
-
- GU Short Exit.PNG (18.56 KiB) Viewed 2876 times
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Thank you for your support.
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