Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia my Daily indicators are long , but 4H have turned short I have a double bootom ...

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Old Aug 16, 2010, 10:15pm   #136
Joined Dec 2009
Re: aud cad

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Originally Posted by Leia View Post
my Daily indicators are long , but 4H have turned short
I have a double bootom on my 4H timeframe (ie a 100% retrace) and support of the daily 20ema

I am taking the 4H trigger candle, if it can break the D20 sitting just above
Order opened with the Market movement around the US open .I have moved my stop to breakeven ahead of the Asian session
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Old Aug 18, 2010, 8:03am   #137
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Re: aud cad

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Order opened with the Market movement around the US open .I have moved my stop to breakeven ahead of the Asian session
Stop hit (break even)
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Old Aug 23, 2010, 6:42am   #138
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Re: Gold - daily bull channel failed - what about the weekly one?

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Another trigger long on Gold, against my daily indicators but with the monthly, weekly 4H and H. I may be a week to late in noticing this though (entry is 1195 with a 40pips stop at 1155)
Here's my weekly chart
Stop moved to break even (1195)
Attached Thumbnails
gold-weekly.bmp  

Last edited by Leia; Aug 23, 2010 at 6:55am. Reason: add weekly chart
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Old Aug 23, 2010, 10:04am   #139
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aud usd - Daily long?

Leia started this thread My 4H indictor is in conflict with the daily (D is still long)

I have hammer type candles on both my 4H and D timeframes, indicating rejection of lower prices @ around 61.8% of the previous up wave

Price is presently trading below a descending 20ema and arguably has pulled back into the 4H 20ema /50sma zone for a short position

I am taking the contrary position, looking to the daily to hold for a long position back up to the recent highs of 92 (possible 300 pips away for a 60 pip stop loss)

lets see if my order is opened and then if the 4H trend is dominate, or if that reverses to support the long trade with the daily indicators

My 4H trigger hammer (highlighted) and D set up hammer are attached
Attached Thumbnails
aud-usd-16-aug.23-trigger.jpg   aud-usd-16-aug.23-set-up.jpg  
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Old Aug 24, 2010, 9:06am   #140
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Re: aud usd - Daily long?

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lets see if my order is opened and then if the 4H trend is dominate, or if that reverses to support the long trade with the daily indicators
Order opened & stpo hit for -60 pips
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Old Aug 24, 2010, 2:42pm   #141
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usd chf set & trigger on 4H

Leia started this thread My daily and 4H time frame indicators are short
Price has printed a 4H shooting star type of candle stick, indication of resistance at the level of my Daily 20ema

I am therefore risking 50 pips back to the recent low for 140 pips

lets see if my order gets triggered and then if the recent rise reverses or not
Attached Thumbnails
usd-chf-24-aug.set-up-trigger.jpg  
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Old Aug 24, 2010, 3:05pm   #142
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Re: usd chf set & trigger on 4H

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lets see if my order gets triggered and then if the recent rise reverses or not
My order opened and I have moved my stop to breakeven after a 50 point movement in my trade favour
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Old Aug 24, 2010, 5:13pm   #143
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Re: usd chf 1H

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Originally Posted by Leia View Post
My order opened and I have moved my stop to breakeven after a 50 point movement in my trade favour
I have locked in 70 pips, moving my stop to the 1H Support Resistance level just above the hourly candle that has hinted at support around yesterdays low of 1.03
Attached Thumbnails
usd-chf-24-aug.-1h-move-stop-75.jpg  
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Old Aug 25, 2010, 6:38am   #144
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Re: usd chf 1H

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I have locked in 70 pips, moving my stop to the 1H Support Resistance level just above the hourly candle that has hinted at support around yesterdays low of 1.03
Proteective stop hit - trade closed for +75 pips
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Old Aug 25, 2010, 8:10am   #145
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eur cad, long trade set up

Leia started this thread Both my daily and 4H indicators are long
price has pulled back into the 50 - 61.8% fib retracement of the previous 4H up swing

A 4H trigger candle (hammer) has been printed, with a 30 pip risk, I am targeting the recent highs, which if achieved will give 230 pips

The trade has opened so let see what happens with eur news likely to either spike me out or kick this trade off in an hours time
Attached Thumbnails
eur-cad-25-aug.-set-up-trigger.jpg  
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Old Aug 25, 2010, 11:05am   #146
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Re: eur cad, long trade set up

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The trade has opened so let see what happens with eur news likely to either spike me out or kick this trade off in an hours time
I have moved my stop to breakeven, following the news
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Old Aug 25, 2010, 11:09am   #147
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Re: eur cad, long trade set up

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I have moved my stop to breakeven, following the news
and been stopped out for nil!
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Old Aug 25, 2010, 3:35pm   #148
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Re: usd chf 1H

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Proteective stop hit - trade closed for +75 pips
and of course, original target has now been reached +145 pips (I got the first half)
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Old Aug 26, 2010, 8:57am   #149
Joined Dec 2009
usd cad daily counter trade

Leia started this thread Both my Daily and 4H indicators are long, but I am looking for a short trade in this pair!

Why am I going for a counter or elastic band trade? Because my target long area is between the 50 & 61.8% fib level on my last 4H up swing, some 220 pips below current levels, for a 100 pip risk
Entry 1.05 70 Stop 1.06 70 target 1.03 50


The daily appears to have traded up to previous resistance and it has held, so if I want to get long, but at a much lower level that the pair is now, why not attempt to trade the 'counter' or 'correction' down move?

Where I may get stuck are:
my 4H 20ema acts as support @ 1.05 60
previous 4H SR holds @ 1.05 10
my daily 20 ema acts as support @ 1.04 30

the trade has opened, so lets see how it goes
Daily chart attached
Attached Thumbnails
usd-cad-26-aug.-set-up-trigger.jpg  
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Old Aug 26, 2010, 10:46am   #150
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eur usd trigger 26 Aug

Leia started this thread My indicators on 4H and Daily are short

Price has pulled back 50% (exactly) of the last 4H down swing and into the 4H indicator area (between descending 4H 20ema RED and descending 4H 50sma BLUE)

last 4H candle printed was a shooting star
open 1.26 80; stop 1.27 50; target open (looking to take it as low as it can go, this years previous lows may be possible again from a fundamental perspective of double dip in equities and PIGS countries credit score ratings)

all in all an excellent set up for a further move down -
Christian at Saxo has resistance @ 1.26 50, only 30 pips below my entry short, which is one worry
FXPro have recommended short this am 1.2765 with 1.265 & 1.259 in sight, which is more supportive of my trade decision

lets see if the trade opens

4H chart attached
Attached Thumbnails
eur-usd-26-aug.-set-trigger.jpg  
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