Monarch's Journal of 2008 Trades

Ahh yes, ATM, my favorite pair is paying out fast this week.

So far tonight on the chat group, I have made 3 trade calls and cleared profits on each one.

1 +20 pips
2 +10 pips
3 +20 pips
Total +50 pips

And the night is young, and those were not even a 5 min EJ scalping trade setup. LOL

Wait till that comes into play, many pips and great profits.

Cheers, Ken

in 4 hour trading session........

5 trades.
+18
+2
+9
+15
-2

small ? 1.5% account increase...... using small leverage only

It has been a prosperous evening on the Group Chat

We have all taken in some nice trades, overall I am up 96 pips for the ASIA session with 2 1/2 lots remaining to exit still.

I will give totals at the exit of these here soon.

Been having a blast making pips and so has everyone in the group.

Cheers

Ken

Way to go!

Hi ken

Can i join your group? I am learning your trading strategy and i was wondering if you trade E/U..i know you trade E/J but can i apply your strategy to E/U?? i am sorry to ask this dumb question but i want to learn from experienced traders like you. i am looking forward to your post and analysis and you can PM if i can join your group. I want to spend less time watching my trades.

What is your chart group name??

Well the group has been trading many strategies, mostly the breaks of supp/res within the consolidation of todays market from ASIA to London.

There is still a few traders in right now and they are slowly scaling out of their trades in profit.

I had 88 pips during the ASIA session and when the London came on line I was in pretty heavy lot size and managed to get out with a clear 117 pips on the big moves there at 3am EST.

My total pips for today was +205 with all wins and no losses.

Syafi, Big Pippin, Red Flurry, Northpro and others have had a very successful day before I arrived at 8pm EST>

It has been an exciting week so far with two days in a row of several hundred pips, I can't wait till I get an actual EJ 5 min setup to trade, that will be an even more exciting time for sure.

Good Trading Folks.

Ken

Hello Syafi, Big Pippin, Red Flurry, Northpro, Monarch


Can i PM anyone of you to join your group?? I'm waiting for a response..please.

I will keep checking on your posts (Asian-London trading hours)

The system is easy.

1- watch for a 70+ pip movement on EJ.
2- Wait for 30+ Retracement after the movement
3- Enter on initial direction when it hit 18LWMA
4- Enter more if it hit 21 EMA
5- Enter more on 50 EMA
6- Enter 1 last Rescue position If it ever hit 144 LWMA
7- Optional Steps . scratch your head, pray & hope if it move further away

Take profit 6-10 pip on average price of all/any position.

monarch, Please correct me if I am off from your strategy.

ChatRoom is in Skype . PM Monarch your id to get access

good setup

well I thought I would update how everything turned out last night.

As most know I was stuck in some shorts and doing everything I could to rescue them.

It eventually took a huge turn down and got me out. I lost on my shorts but for the day I ended up winning overall.

I made just under 1/2% on my account yesterday. I was up nearly 4% at one point!

I learned my lessons last night and shall apply them in the future!

Thanks to Monarch and Syafi for helping me get out of everything without losing my account!

Will update later today when I take some trades and make some pips!

Never go against your strategy!!! NEVER NEVER NEVER!

Good pippin' to all!

Big P

I am playing with NP position sizing.. so far so good

Sorry for the slow response to the PM's, I was late getting to the chat room and took trades within minutes of joining the others.

There are many different styles of traders in the room, some are shorting while others are longing, been a blast watching everyone scramble in their trades while making nice pips overall.

I have not gotten a number of pips traders made today because of joining late, but there have been good numbers overall.

I took a 1/2 entry and closed it quickly with +8 pips

Then I started shorting on the breakout of the upper area during Frankfurt and London session adding 1/2 lot shorts up a ways.
Overall I ended up with 16 - 1/2 short entries to total 8 full lots and after a very slow turnaround the market finally came back to us with the shorts in.

I exited all 8 lots with +15 pips total giving my account an added boost of 120 pips

Then as I was writing this comment, price tapped the high area at 162.80 and I shorted 1 1/2 lots for 6.5 pips = 9 pips

Total for the day was 133 pips on full lots.

Will be on tomorrow at 8pm EST till 2am EST.

Cheers,

Ken

Total pips made in a 3 hour session of trading was

Very good analysis, waiting for the +70 pip segment and the +30 pip pull back for the long.

A quick and easy trade you had there, enjoying your trades and comments on the chat room also.

Blessings,

Ken

hi ken,
I have error when download skpe,maybe my connection is very slow n bad but i will again . I really enjoying ur journal even I cant get into room.
question Monarch, what gmt for 8 pm EST till 2am EST. I am at + 7 gmt
tq.
bud

Bud, try this link

http://www.skype.com/?cm_mmc=google%...00000000038076

Cheers, ken

After making some pips during the Asia session the group finally had the chance to make trades on the 5Min EJ strategy and it was fast and furious.

I had just exited 58 1/4 lots of shorts for a profit of 7 pips and jumped right into 2.5 lots of Longs and caught Phase 3 entry of the setup.

My total pips for the day was over 135 full lots, making another great profitable day.

Others in the group made some real quick pips, Redflurry, BigPippin, and Syafi were rocking more the me on the setup.

I will give a summary of pips made this week alone, all wins and no losses (even though tonight the group seen Monarch sweat with 14.5 lots negative at 30 pips) LOL

I figured it was best to show them how not to trade, but in the end, profits were available and we completed a great week.

Cheers.

Ken

My 70 Pip achieved at the News

I normally do not trade the NY session, or the Friday session.

After completing some great profits from LONDON session, the chat group came back in early today had another exceptional trading session.

I don't have everyone's totals, but there were lots of exits with a + in front of them the past 5 hours.


I personally went back into the warzone and made some addtional pips to add to the ones I made just 12 hours ago.

The total pips made for the ASIA-LONDON-NY session was 294 pips. (all wins no losses)

Enjoy the weekend folks, see you Sunday.

Ken

Well another week has come and gone and my account grew for the week!

Here is a recap of my trades for the week.

Monday: 4/14

1) long 159.72 +4
2) long 159.64 +40
3) long 160.11 0
4) long 160.02 +4

Total: +48 pips

Tuesday: 4/15

1) long 160.80 -20
2) long 160.76 0
3) long 160.64 +240

Total: +220 pips

Wednesday: 4/16 not a good day!

1) long 160.54 +15
2) long 160.77 -28
3) long 160.67 -16
4) long 160.56 +42
5) short 160.45 -140
6) short 160.55 -50
7) short 160.63 +44
8) short 160.55 -50
9) short 160.63 -100
10) short 160.85 +32
11) short 161.05 +80

Total: -171 pips NEVER NEVER NEVER go away from strategy! Trend is friend!!!

Thursday: 4/17

1) long 163.12 -4
2) long 163.05 +40
3) long 162.95 +15
4) long 162.86 +110
5) long 162.94 -8
6) long 162.87 +24
7) long 162.81 +27

Total: +204 pips


Friday: 4/18

1) long 163.29 -6
2) long 163.22 +8
3) long 163.15 +55

Total: +57 pips

WEEK TOTAL: +358 pips! Yeah baby!

All the winning trades were within my version of Monarch's strategy or Monarch's 5min EJ strategy!

All losers were against the strategy.

Like I have said in the chat room many times, my favorite time to trade is from 1PM to 5PM EST. Most pips were made in that time.

I will be on skype for anyone that wants to trade that time with me and redflurry.

Thanks to Monarch for showing me the light and this ATM card we call the EJ!

Look forward to next week and many more green pips!

Remember if the women don't find you handsome at least they'll find you handy!

Big P

Pippin' is like stealing candy from a baby!