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Monarch's Journal of 2008 Trades

  • #581
  • Apr 14, 2008 12:58am Apr 14, 2008 12:58am
Phase 1 was short at 18lwma with phase 2 entry at the support line which was also the 21ema.

I exited entry one with +10 and remained in phase 2 for continuation down, but price has some upwards in it.

Phase 3 was a short at the 50ema to add to phase 2 and average price lower.

I was averaged on phase 1 and 2 and exited and the phase 3 lowers the average of the average of 1 and 2.

So now I have a average of 2 entries at 158.68, with the target still down at the last support area of 158.50.

That would put 16 pips or so in the exit box, let's watch this now at London open in 2 minutes.

cheers.
  • #582
  • Apr 14, 2008 1:04am Apr 14, 2008 1:04am
Okay, Phase 2 and 3 were successful with the Big Drop to test that last support.

Phase 1 +10
Phase 2 +16
Phase 3 +16

Total 42 pips in complete strategy here.

Patience and confidence rules when one is ruled with patience and a tested system.

Cheers, hope every one made some pips.

This will continue off and on every day, let's work together as a team and will make great profits.

Ken
  • #583
  • Apr 14, 2008 1:07am Apr 14, 2008 1:07am
Everyone give a shout and let me know if you shorted and how many entries with exit profits.

"Syafi" was profitable

"Big Pippin" was profitable

"Monarch" was profitable

??? anyone else take trades?
  • #584
  • Apr 14, 2008 1:07am Apr 14, 2008 1:07am
Great Setup for some Easy pips
  • #585
  • Apr 14, 2008 1:09am Apr 14, 2008 1:09am
Quoting monarch
Everyone give a shout and let me know if you shorted and how many entries with exit profits.

"Syafi" was profitable
"Big Pippin" was profitable
"Monarch" was profitable

??? anyone else take trades?
Who else would love 5-10 pip trades .. hundreds of pips is whats catch the eye and cash.
  • #586
  • Apr 14, 2008 1:10am Apr 14, 2008 1:10am
Quoting Syafi
Great Setup for some Easy pips
Oh yeah, I have watched these setups for a couple of years, and this was a easy predictable trade, just wished I was not so tired, would have taken more lots, but really wanted to follow with you on it and express to the thread our every step.

Thanks for the posting of your trades, this will help build others confidence in trading our scalping setups.

Maybe just a few will want to learn, but if we can help a few, it will be time well spent.

cheers and blessings.

Ken
  • #587
  • Apr 14, 2008 1:11am Apr 14, 2008 1:11am


If I wasn't going to bed, I would be doing more trading here on this retreat zone entry, could be some movement to phase 4 at the 144 lwma, that would have been my last trade entry on this type of setup.

Cheers

Quoting Syafi
Who else would love 5-10 pip trades .. hundreds of pips is whats catch the eye and cash.
  • #588
  • Apr 14, 2008 1:11am Apr 14, 2008 1:11am
You need some Power Root

http://cgi.ebay.com/PURE-50-1-TONGKA...QQcmdZViewItem

Or send me your address for some in raw form...
  • #589
  • Apr 14, 2008 1:14am Apr 14, 2008 1:14am
Quoting Syafi
You need some Power Root

http://cgi.ebay.com/PURE-50-1-TONGKA...QQcmdZViewItem

Or send me your address for some in raw form...
Does this product work well, I have noticed the past few months getting tired more, even after 6 hours of sleep.

Maybe I could use something to assist, but would have to be careful not to take anything that would have a high caffeine concentrate base.
  • #590
  • Apr 14, 2008 1:22am Apr 14, 2008 1:22am
I used this in raw form, Not only for sex, it enhance blood flow, so no more tiredness.. that product is highly marked up in $$$ It cost much much less.
  • #591
  • Apr 14, 2008 1:31am Apr 14, 2008 1:31am
Quoting Syafi
I used this in raw form, Not only for sex, it enhance blood flow, so no more tiredness.. that product is highly marked up in $$$ It cost much much less.
maybe this would help me make more pips???

cheers
  • #592
  • Apr 14, 2008 1:43am Apr 14, 2008 1:43am
Quoting monarch
maybe this would help me make more pips???

cheers
If not pips, more babies for sure .
I have 5 kids in 8 years marriage.
  • #593
  • Apr 14, 2008 1:47am Apr 14, 2008 1:47am
I want to invite everyone to start joining the chat group on SKYPE, We will be setting this up for the next few days with a basic strategy setup being posted every night before Asia session starts.

There will be some good traders and analysis there to discuss questions concerning EJ, and were going to really focus on making successful trades every day.

My goal is 100% wins, which can be achieved if patient and prepared.

Trade smart and trade good.

Hope to see you there folks.

PM me to get skype address.

Ken
  • #594
  • Apr 14, 2008 1:48am Apr 14, 2008 1:48am
Monarch, i am a friend of Big Pippin's we have been following your strategy, I took two shorts first entry 158.57 and the second was 158.65. I broke even on the first order and took 10 pips on the second, well 20 because the second was a twice the size of the first order. Thanks for the time you put in here, i have learned a lot from you the last few weeks, and gotten many pips. I have taken many of the trades that B P has taken and have learned a better way to trade. Thanks again, and i look forward to chatting with you on skype.
  • #595
  • Apr 14, 2008 1:49am Apr 14, 2008 1:49am
Quoting Syafi
If not pips, more babies for sure .
I have 5 kids in 8 years marriage.
I better not take this stuff, 3 kids and 21 years married, could not handle more kids at this age. LOL
  • #596
  • Apr 14, 2008 1:53am Apr 14, 2008 1:53am
Price is stalling at the 159.00 area which was the area where the move down took off from earlier.

I am watching the stall here on the 5min and expect a pull back to the 158.70 area.

All MA's are under the 144 lwma and the price is in limbo.

NO Trades here for me, just observing the patterns.
  • #597
  • Apr 14, 2008 1:59am Apr 14, 2008 1:59am
just came to 158.70 area for retreat, now will watch for one more candle to sit here before a test of the high at 159.01.

Price down to 158.68.

More down could happen, to 64?
  • #598
  • Apr 14, 2008 2:06am Apr 14, 2008 2:06am
Were actually discussing the EJ on SKYPE now, but will soon go to bed.

Give me a pm and I will pm you back with skype address.

Cheers folks, I am loggin out of FF till tomorrow.
  • #599
  • Apr 14, 2008 2:09am Apr 14, 2008 2:09am
did it kick everyone off???
  • #600
  • Apr 14, 2008 2:09am Apr 14, 2008 2:09am
the room closes on your exit.
a permanent room would be good
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