EU - GU - GJ TRO SETUP TRADES

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monarch
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Revision

Postby monarch » Wed Nov 18, 2009 5:58 am

I spent some time reading through some threads here at Kreslik, and then I went back to my charts and made some revisions. Here is the pic of the screen I watch, in most of my charts I removed the text which were getting in my way, and I usually don't trade what it says anyways.

I am still looking at the Hour/15min/1min for trade setups, entries, exits.

You will see some cleaner charts on my next trade.

cheers
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Monarch Screen Shot.PNG
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monarch
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EU Trade

Postby monarch » Thu Nov 19, 2009 12:29 am

I took a short based on the past 2 hour low, I entered at 6:46 pm EST on the break of 1.4956, I was near +7 and it backed up, I did not have the patience and closed with a small profit, price never broke against me.

Here is the chart that showed my trade was spot on.

Cheers

Monarch
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EU short Wed.PNG
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monarch
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Postby monarch » Thu Nov 19, 2009 12:37 am

GU striking towards recent support area @ 1.6712

Let's see how this plays out for a Long possibility.

Will update as it moves along.

Update #1: The GU 15 min candle is trying to hammer this low out, watching to see if we get rejection. I do not have a signal on the 15 or hourly with this pair. I am watching for a possible break down on the support, and looking for a major buy area around 1.6695 (see attached chart).

GJ is giving LONG signal on the 15 min and hourly, but this pair has been in a range for way too long, and I am not taking trades on it.

EJ is giving LONG signal on the 15 min, but I do not like where it is on the hourly, price is on top of it's range.
Attachments
GU Long Zone.PNG
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monarch
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GU 15 min

Postby monarch » Thu Nov 19, 2009 12:49 am

Here is the up close view of the GU on the 15 minute chart.

You can see for "Now" that price held higher on that dip.

Now the "True" test will come.

Let's see how it plays out.
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GU 15 min chart.PNG
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monarch
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1 min

Postby monarch » Thu Nov 19, 2009 12:54 am

So when I see a higher low I begin the view of the 1 min, you can see on this chart the mark I had marked on the 15 min is in the red lines.

It failed the temporary stall and dropped more, so I now will monitor the next support area, which could be the 1.6712 or even lower.

I am posting these pictures to give you an idea how I think and analyze for a trade, it is more then, HEY there is a trade.

Cheers
Attachments
1 min GU.PNG
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Postby monarch » Thu Nov 19, 2009 1:02 am

k, were at that area, I will post a chart if I jump in.

monarch
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Postby monarch » Thu Nov 19, 2009 1:10 am

Looking for GU to break above 1.6723 before I am interested, for now, it is just on bottom looking for deeper move to my heavier Long area.

monarch
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Postby monarch » Thu Nov 19, 2009 1:13 am

Okay, price tapped into that support level, now I am getting a #3 forming on the 15 min and the hourly, so I will be looking for longs a bit more here.

Just trying to give more of an up to the minute review, hope that is okay for all???

monarch
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Postby monarch » Thu Nov 19, 2009 3:50 am

UJ formed a #3 on the 15 min chart 1 1/2 hours ago, and the hour chart has hit the buy zone.

Long at 89.10 (support and green mighty zone)

10:45 pm EST

Stop - break the 00 and I will exit
Limit +7 automatic

10 min till top of hour now, looking for move

monarch
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Postby monarch » Thu Nov 19, 2009 3:53 am

EJ Long 132.90

Updater: I am falling asleep LOL

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