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
EU - GU - GJ TRO SETUP TRADES
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EU Trade
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
Here is the chart that showed my trade was spot on.
Cheers
Monarch
- Attachments
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- EU short Wed.PNG (21.33 KiB) Viewed 2363 times
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.
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
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- GU Long Zone.PNG (30.55 KiB) Viewed 2351 times
GU 15 min
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.
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.
- Attachments
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- GU 15 min chart.PNG (26.07 KiB) Viewed 2350 times
1 min
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
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 (17.62 KiB) Viewed 2349 times
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