EU - GU - GJ TRO SETUP TRADES

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monarch
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Postby monarch » Thu Nov 19, 2009 4:45 am

Closed UJ after it bounced NOWHERE for a Breakeven.

EJ still fighting.

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monarch
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Postby monarch » Thu Nov 19, 2009 4:47 am

OK, EJ exit +6 pips, was there before, EU and UJ are in a fight, so I will stay out till one goes one way, and the other the other way.

I don't like seeing a #3 form on all 5 pairs for a LONG, that is not right. lol
Last edited by monarch on Mon Nov 23, 2009 11:52 pm, edited 1 time in total.

monarch
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EU Asia Session

Postby monarch » Thu Nov 19, 2009 11:54 pm

I started watching EU right around 6pm EST and noticed that we have some good Short areas coming.

I have already taken one short for +7 pips based on the 5 minute pressure down, but I am waiting for several points above if price continues upwards.

Here is the 4 hour chart and the 1 hour chart.

I have a S-Zone 1,2,3 on the 4 hour, that is a SHORT ZONE

On the Hourly I have one area marked which is the S-Zone 2 on 4 hour chart.

I will monitor during the Asia session.

Cheers, Monarch
Attachments
EU 1 Hour Chart.PNG
EU 1 Hour Chart.PNG (28.58 KiB) Viewed 652 times
EU 4 Hour Chart.PNG
EU 4 Hour Chart.PNG (25.15 KiB) Viewed 652 times

monarch
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UJ 4 Hour

Postby monarch » Fri Nov 20, 2009 12:06 am

I have a line drawn on the UJ 4 Hour Chart where 88.72 could have some rejection, lets take a look at the hour to see what it shows.
Attachments
UJ Support Area 4 Hour.PNG
UJ Support Area 4 Hour.PNG (28.16 KiB) Viewed 648 times

monarch
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UJ 1 Hour Chart

Postby monarch » Fri Nov 20, 2009 12:09 am

The bottom of the green area is the same as the 4 hour support I marked.

I will watch this area to see if it plays out, until then, I will watch only on this pair, or wait for a move up for a Short Play.

Cheers
Attachments
UJ Hour Chart.PNG
UJ Hour Chart.PNG (25.74 KiB) Viewed 645 times

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monarch
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5 Min EU

Postby monarch » Fri Nov 20, 2009 12:22 am

Now that I have some zones marked, I put those area into my 5 min chart (I replaced the 1 minute with the 5 minute)

If these zones are reached, I will start to look for rejection and shorts.

Hope this is simple enough, nobody ask any questions, so I figured it is basic.

Cheers.
Attachments
EU 5 min chart.PNG
EU 5 min chart.PNG (22.21 KiB) Viewed 642 times

monarch
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5 Min EU

Postby monarch » Fri Nov 20, 2009 12:34 am

I am watching the price climb segments at a time.

I will monitor the rejection on the 5 min chart here, I have a #3 formed on the 15 min for now, still looking for a spike up to 1.4934/39 area.
Attachments
5 Min EU.PNG
5 Min EU.PNG (20.56 KiB) Viewed 640 times

monarch
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Postby monarch » Fri Nov 20, 2009 12:42 am

EU 1.4935 S-Zone 1 on 4 Hour Chart was reached.

The #3 has formed, but will move upwards as price moves upwards.

What I am looking for now is a complete stall on top.

That can be seen easy at times, but not every time.

I am watching PA at 1.4935, 1.4926, 1.4923, 1.4918 for now, if price squeezes out the top, I will change my perimeters.

monarch
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Postby monarch » Fri Nov 20, 2009 1:05 am

Was cooking dinner and missed my short EU entry, bummer :)

Will be around in a couple hours again.


Cheers.

monarch
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The Chart

Postby monarch » Fri Nov 20, 2009 1:07 am

I had all these lines in and the yellow arrow showing my entry, was perfect for +7 pips with no risk after the 1.4935 rejected solid.
Attachments
EU short setup.PNG
EU short setup.PNG (21.65 KiB) Viewed 631 times
Last edited by monarch on Mon Nov 23, 2009 11:53 pm, edited 1 time in total.

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