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Monarch's Journal of 2008 Trades

  • #601
  • Apr 14, 2008 5:16am Apr 14, 2008 5:16am
Can this trade be considered typical EJ moves ? That you look to trade ?

my TP was almost perfect, but I bail out 10 pip sooner because of the pip value

all based on what I have read from your information so far Monarch.
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  • #602
  • Apr 14, 2008 6:45am Apr 14, 2008 6:45am
I like the simple chart
  • #603
  • Apr 14, 2008 10:19am Apr 14, 2008 10:19am
That trade last 27 second........ what more can you ask ...
Good Green Pips in seconds...
though I had to wait for a good setup quite a while.
  • #604
  • Apr 14, 2008 12:47pm Apr 14, 2008 12:47pm
hi ken,
would u mind correct me about ur PA strategy
1. open EJ tf-5
2. put. 18 lwma,21ema,50 ema,144 lwma
3. wait price go up/down about 75 pips and retreat about 30 pips
4. place fibo at h/l
5. op at 38.2%, 50.00% and all TP 23.60%
i'm sorry 4 inconvinience
tq.
bud
  • #605
  • Apr 14, 2008 2:20pm Apr 14, 2008 2:20pm
just wanted to update how today's trading went.

I have been here at work since 11 AM MST.

I have taken one trade and netted 8 pips total between 2 entries.

My entries were

1- long at 159.72
2- long at 159.64

I got out of both at 159.74.

I am finding trading between 11-1 mst is good scalping.

I look for less pips usually. Probably around 4-8 total.

Every bit helps grow the account right now until I can compete with Monarch

Well just thought I would post this for all those following the best thread on FF!

Ryan - Big Pippin'

Pippin' ain't easy....or is it?!?
  • #606
  • Apr 14, 2008 2:31pm Apr 14, 2008 2:31pm
Making pip is easy .. with hindsight I seen that all my shorts were against the trend and I still make pips . easy pips when knowing where to look for the pips
  • #607
  • Apr 14, 2008 3:58pm Apr 14, 2008 3:58pm
Quoting Syafi
Can this trade be considered typical EJ moves ? That you look to trade ?

my TP was almost perfect, but I bail out 10 pip sooner because of the pip value

all based on what I have read from your information so far Monarch.
I was watching this here also, the 144 lwma is considered my 4th phase, but I prefer not going into a trade so close to trend change area.

I think a 1-2-3 phase on the trend is suffecient, so therefore I will keep it simple and take only those entries on the first and second retreat stages for the attack supp/res.

From there I will wait for a confirmation of break over the MA's and the pip segment indicating reversal.

Will discuss this more on the skype chat room.

Ken
  • #608
  • Apr 14, 2008 4:00pm Apr 14, 2008 4:00pm
Quoting fxtl
hi ken,
would u mind correct me about ur PA strategy
1. open EJ tf-5
2. put. 18 lwma,21ema,50 ema,144 lwma
3. wait price go up/down about 75 pips and retreat about 30 pips
4. place fibo at h/l
5. op at 38.2%, 50.00% and all TP 23.60%
i'm sorry 4 inconvinience
tq.
bud
Your mostly correct with the tools I am using, remember to watch supp/res areas because of the moves that happen when it gives.

We will be discussing this in detail as time continues and we will share pros and cons also.

cheers.
  • #609
  • Apr 14, 2008 4:02pm Apr 14, 2008 4:02pm
Quoting Big Pippin'
just wanted to update how today's trading went.

I have been here at work since 11 AM MST.

I have taken one trade and netted 8 pips total between 2 entries.

My entries were

1- long at 159.72
2- long at 159.64

I got out of both at 159.74.

I am finding trading between 11-1 mst is good scalping.

I look for less pips usually. Probably around 4-8 total.

Every bit helps grow the account right now until I can compete with Monarch

Well just thought I would post this for all those following the best thread on FF!

Ryan - Big Pippin'

Pippin' ain't easy....or is it?!?
I think the conservative approach is the safest approach, especially till one gets comfortable with the pair he/she trades and the strategy rules they trade.

Your making great progress, keep up to date as you build your strategy and make greater profits.

Cheers
  • #610
  • Apr 14, 2008 4:05pm Apr 14, 2008 4:05pm
Going to the trading chat room now on skype

cheers, will post chart pics once I open my charts in a bit.

I don't want to see them until 6pm ESt when my daily turns.

Too many pm's to address and need to do this before we getting pippin.

Ken
  • #611
  • Apr 14, 2008 4:59pm Apr 14, 2008 4:59pm
Looks pretty Bullish overall, but expecting a drop to 159.85 here soon

No trades just watching for now
  • #612
  • Apr 14, 2008 6:36pm Apr 14, 2008 6:36pm
The past hour and half the Chat group on skype was making calls with a few members shorting on the stall at top to target the 159.90 target as expected.

Freddy +20
Monarch +36
Alex +15

Was a normal trading time with no big setup, but profits were available as always.

Ken
  • #613
  • Apr 14, 2008 11:35pm Apr 14, 2008 11:35pm
hi ken pls correct me to see EJ PA.
price break resisstant at 160.22 going about +63 pips, support at 159.90. retreat ABOUT 20 pips to fib 38.2 %, Price almost touch 21 ema.1 Open position at 160.28 tp at 23.6%. first position out and wait price going to 50% or touch 144 lwma. price not touch we open second OP between 160.12 -160.18 (at 50 % fib). TP at 23.6%.
tq.
bud
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  • #614
  • Apr 14, 2008 11:59pm Apr 14, 2008 11:59pm
did you exit your 1st long before the fall ?
that was good long I think
  • #615
  • Apr 15, 2008 12:24am Apr 15, 2008 12:24am
Quoting Syafi
did you exit your 1st long before the fall ?
that was good long I think
yes syafi, 1rst long close. and then op second long. thank. 4 response me
tq.
bud
  • #616
  • Apr 15, 2008 5:47pm Apr 15, 2008 5:47pm
Sorry no response, not around most of the day.

Syafi knows the system well and he is good to ask questions when I am not around.

Thanks "S"

Ken

Big Pippin, are you on the SKYPE???
  • #617
  • Apr 15, 2008 5:53pm Apr 15, 2008 5:53pm
Well another day of trading is about to conclude. I'm taking over your thread Monarch! Sorry!

I just took some longs about an hour ago after our run up to to 161.00

I took a total of 3 entries:

1- 160.80 18lwma
2- 160.76 21ema
3- 160.64 50ema

TP on all - 160.76

Thank you Monarch for this great strategy!

Look forward to trading tonight with everyone!

Big Pippin'

Pippin' just gets easier!
  • #618
  • Apr 15, 2008 5:54pm Apr 15, 2008 5:54pm
Okay, Chat Group is on, will be in and out tonight for 5 hours of trading.

Hoping for a good setup to make big lots.

Yesterday just traded little stuff and made over 80 pips profit, many others in the group are making great profits also.

We are in the beginning stages of a group working together and in the next 30 days will have members on 24 hours a day giving alerts when setups appear.

Should help traders spend less time watching and sharing the sessions with others who may be awake.

CHEERS Folks, will be on the chat group the remainder of the evening here.

Looking for drop to 160.52 to test the previous high that was resistance 3 times before break above.

Ken
  • #619
  • Apr 15, 2008 6:58pm Apr 15, 2008 6:58pm
I see my bank ATM Card.
I see $0 in account
I see again and I saw $x00000000000000000.00 .........

what could that be ?

Ahh.. a Free ATM card with unlimited cash to withdraw.....
  • #620
  • Apr 15, 2008 9:29pm Apr 15, 2008 9:29pm
Quoting Big Pippin'
Well another day of trading is about to conclude. I'm taking over your thread Monarch! Sorry!

I just took some longs about an hour ago after our run up to to 161.00

I took a total of 3 entries:

1- 160.80 18lwma
2- 160.76 21ema
3- 160.64 50ema

TP on all - 160.76

Thank you Monarch for this great strategy!

Look forward to trading tonight with everyone!

Big Pippin'

Pippin' just gets easier!
Very good bro, I checked over your trades and was very excited to see you catch the great move on those longs.

Keep up the awesome job and good pippin.

Ken
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