H4 Setup 1 and Monarch Hunt
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Re: H4 Setup 1 and Monarch Hunt
Trade 10
Pair: GBPAUD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (9/10)
Pre-trade comments: Clear 3, alligator sleeping, AO close to ZL = Setup 1. Price also bouncing off BRN which is acting as resistance, so theres an extra confluence there.
Post-trade comments: Got stopped out by a small tail before price reaches TP. Next
Pair: GBPAUD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (9/10)
Pre-trade comments: Clear 3, alligator sleeping, AO close to ZL = Setup 1. Price also bouncing off BRN which is acting as resistance, so theres an extra confluence there.
Post-trade comments: Got stopped out by a small tail before price reaches TP. Next
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Re: H4 Setup 1 and Monarch Hunt
I took a holiday not long after i took these two trades, so was slacking a bit with journal keeping as I didn't bring my laptop with me. When I came back, the account history on my mt4 has been cleared so I cant drag those onto the chart to show the arrows.
Trade 11
Pair: NZDJPY H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (10/11)
Pre-trade comments: Clear 3, alligator sleeping, Fresh cross of AO = Setup 1.
Post-trade comments: -
Trade 12
Pair: NZDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (11/12)
Pre-trade comments: Clear 3 and 4, start of new wave 5.
Post-trade comments: On hindsight, I would've preferred slightly more retracement for the hunt signal. I think the seed 4 candles after this signal is a better entry as it also bounces off the green gator.
Trade 11
Pair: NZDJPY H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (10/11)
Pre-trade comments: Clear 3, alligator sleeping, Fresh cross of AO = Setup 1.
Post-trade comments: -
Trade 12
Pair: NZDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (11/12)
Pre-trade comments: Clear 3 and 4, start of new wave 5.
Post-trade comments: On hindsight, I would've preferred slightly more retracement for the hunt signal. I think the seed 4 candles after this signal is a better entry as it also bounces off the green gator.
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Re: H4 Setup 1 and Monarch Hunt
Trade 13
Pair: Gold H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (12/13)
Pre-trade comments: Not the best looking setup truthfully, but everything fits my rules and for the sake of stage 1, I will take it anyway. Clear 3, clear 4, small new peak: Monarch. What I would've preferred: Monarch hunt that breaks out of the wave 4 range and bounce off a box level. The trendline bounce is a nice bonus confluence.
Post-trade comments: -
Pair: Gold H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (12/13)
Pre-trade comments: Not the best looking setup truthfully, but everything fits my rules and for the sake of stage 1, I will take it anyway. Clear 3, clear 4, small new peak: Monarch. What I would've preferred: Monarch hunt that breaks out of the wave 4 range and bounce off a box level. The trendline bounce is a nice bonus confluence.
Post-trade comments: -
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Re: H4 Setup 1 and Monarch Hunt
Trade 14
Pair: USDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (13/14)
Pre-trade comments: Clear new 3 with decent retracement. Another confluence that's not part of the plan is the cherry is bouncing off the S/R level way to the left.
Post-trade comments: -
Pair: USDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (13/14)
Pre-trade comments: Clear new 3 with decent retracement. Another confluence that's not part of the plan is the cherry is bouncing off the S/R level way to the left.
Post-trade comments: -
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Re: H4 Setup 1 and Monarch Hunt
Trade 15
Pair: USDCAD H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (14/15)
Pre-trade comments: Clear new 3 clear 4, small wave 5: Monarch hunt. Other confluences: bouncing off green gator and trendline.
Post-trade comments: -
Pair: USDCAD H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (14/15)
Pre-trade comments: Clear new 3 clear 4, small wave 5: Monarch hunt. Other confluences: bouncing off green gator and trendline.
Post-trade comments: -
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- immy
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Re: H4 Setup 1 and Monarch Hunt
such a good signal. didn't go down. NEXT Well traded
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Re: H4 Setup 1 and Monarch Hunt
Trade 16
Pair: EURUSD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (15/16)
Pre-trade comments: Nothing much to say really, it's the bread and butter of AIMs. Beautiful setup 1
Post-trade comments: -
Pair: EURUSD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (15/16)
Pre-trade comments: Nothing much to say really, it's the bread and butter of AIMs. Beautiful setup 1
Post-trade comments: -
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Re: H4 Setup 1 and Monarch Hunt
Trade 17
Pair: USDJPY H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (16/17)
Pre-trade comments: Another nice setup 1, clear 3, then cross of AO + sleeping gator.
Post-trade comments: -
Trade 18
Pair: USDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (17/18)
Pre-trade comments: Monarch cherry, clear 3 and 4, then cross of AO again with a small peak. Cherry is really small as well. Bouncing off green.
Post-trade comments: Got B-trapped. On hindsight, I would've preferred if there's a bigger breakout from wave 4's range.
Pair: USDJPY H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (16/17)
Pre-trade comments: Another nice setup 1, clear 3, then cross of AO + sleeping gator.
Post-trade comments: -
Trade 18
Pair: USDJPY H4
Entry: Cherry
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (17/18)
Pre-trade comments: Monarch cherry, clear 3 and 4, then cross of AO again with a small peak. Cherry is really small as well. Bouncing off green.
Post-trade comments: Got B-trapped. On hindsight, I would've preferred if there's a bigger breakout from wave 4's range.
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Re: H4 Setup 1 and Monarch Hunt
Trade 19
Pair: USDCHF H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (18/19)
Pre-trade comments: Another beautiful setup 1. Clear 3 and 4, sleeping gator, cross of ZL
Post-trade comments: ONE MORE TRADE TO GO!!
Pair: USDCHF H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: 2R
Disciplinary Score : DS 1 (18/19)
Pre-trade comments: Another beautiful setup 1. Clear 3 and 4, sleeping gator, cross of ZL
Post-trade comments: ONE MORE TRADE TO GO!!
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Re: H4 Setup 1 and Monarch Hunt
While it shouldn't be my focus for now, I gotta admit that getting 6Rs in one day feels good haha.