Monarch's Journal of 2008 Trades

I took long on EU when price came within 10 pips of a big support line.

Entry 10:14 pm EST

I had a 10 pip spread, and still cleared 15 pips profit.

Probably risky, but hey when is a trade not a risk?

cheers

Long time no see?

Everything okay for you?

Cheers bro. I will be in your skype room soon.

Ken

With the stall at the support and near top of hour, I took a long at 12:53 am (EST) and cleared my target 1 min before top of hour.

Price nearly reached my target on the first stab, with a small pullback, the next surge took out the target price.

Lower Purple line was support area, I actually entered on solid green line where the arrow was, a 5 pip spread put my entry line higher.

+10 pips

I took this short based on a 1 min Head and Shoulder pattern, also pressure is down the past few hours on larger time frames.

Entry at 1:32 am (EST)

+10 pips once again.

Maybe I should start getting serious?? LOL

Cheers

Ken

I have been monitoring a certain session of time, and price action prior to the Frankfurt Hour and the London open.

I am hoping to release in the coming week a 10 to 20 pip profitable trade based on the formation of range and breaks in the time from Frankfurt up to London, and possibly into first hour of the London session.

I will be putting the data prior to this setup on my new thread starting Jan 5th.

Let's see how this goes, pips all around.

Cheers.

Note: Frankfurt Opened 18 minutes ago. Price is sitting hard on support so far (29 - 1min bars), lets see if wants to break up, waiting for move above 1.3844 at this moment for a test area, or a break below 1.3839 for the 1.3824 test of Major Supp.

Signal for Long came before the resistance at 44 broke, my platform did not fill order, so I am watching this only for now.

This was a great indication of a breakout, with price trapped in a 5 pip range for 30 min, oh yea.

I am still waiting for my data entry trade, which has not triggered yet, it is based on the range, and not just a breakout move.

Watching for 1.3870 level now.

Update: 1.3870 reached, less then 30 min till London opens, watching PA here a bit.

I had placed a Long EU trade based on my data prior to Frankfurt and London open.

However, I could not log into Forex Factory until this morning.

Here are the two charts showing Long Entry and Exit.

+25 pips

I will be opening a new thread on Monday the 5th, and will begin posting data prior to each Frankfurt/London open for trade setups.

Cheers.