Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia I have spotted a trigger short on the 1H time frame this morning, ideally I would ...

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Old Jul 15, 2010, 1:08pm   #91
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Re: usd cad entry set up

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I have spotted a trigger short on the 1H time frame this morning, ideally I would have preferred a pull back to an entry at a higher price, but as there is no CAD news today and the first piece of major news is USD this afternoon I decided to take it.

lets see whether this trigger is valid or not
Price has dropped this morning with the USDollar weakness in the FX markets, I have now moved my stop to break-even, should the sentiment change this afternoon I will not lose anything and may get the higher entry I was really hoping for
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Thanks! The following members like this post: pozzyp
Old Jul 15, 2010, 3:49pm   #92
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Re: usd cad entry set up

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Originally Posted by Leia View Post
Price has dropped this morning with the USDollar weakness in the FX markets, I have now moved my stop to break-even, should the sentiment change this afternoon I will not lose anything and may get the higher entry I was really hoping for
Stop hit @ be

much happier to be shorting from this level (now 1.04 10 / 1.04 30), but I haven't got a signal to trigger me in!
I hope you took your 50+ pips profit at the bottom of the range 1.02 80 / 1.03 00 pozzyp, I was hoping for a break through for a more sustained move - thanks for your contribution

Last edited by Leia; Jul 15, 2010 at 5:15pm.
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Old Jul 15, 2010, 6:01pm   #93
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aud usd long?

Leia started this thread my daily chart and 4H chart indicators are long, yesterdays daily printed a new higher high
attached are the 4H set up and 1H trigger charts for a potential long
I know I am heading into significant resistance, I am hoping the 4H ema (red line) will continue to act as support to price as it battles upwards

Christian @ Saxo buys a bit lower, with a tighter stop: 87 70 for 88 60 stop @ 87 45

lets see what happens with this pair
Attached Thumbnails
aud-usd-15-jul.10-set-up.jpg   aud-usd-15-jul.10-trigger.jpg  
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Old Jul 16, 2010, 12:12pm   #94
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Re: usd cad entry set up

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Stop hit @ be
Here is the awaited trigger (1H tf)

Christian @ Saxo is looking for entry around 1.04 60 for 1.03 85 with a 1.05 00 stop
This entry is @ 1.04 40 with a stop at 1.04 80 - lets see where it goes
Attached Thumbnails
aud-usd-16-jul.10-trigger.jpg  
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Old Jul 16, 2010, 1:22pm   #95
 
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Re: usd cad entry set up

Quote:
Originally Posted by Leia View Post
Here is the awaited trigger (1H tf)

Christian @ Saxo is looking for entry around 1.04 60 for 1.03 85 with a 1.05 00 stop
This entry is @ 1.04 40 with a stop at 1.04 80 - lets see where it goes


It looks promising – a bar that looks like a pin bar on hourly chart.

Last edited by bedsit; Jul 16, 2010 at 3:28pm.
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Old Jul 16, 2010, 3:31pm   #96
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Re: usd cad entry set up

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Here is the awaited trigger (1H tf)
This entry is @ 1.04 40 with a stop at 1.04 80 - lets see where it goes
Stopped out for -40 pips
Usually looking for news to give me an entry, I totally omitted to check the fact that there was CAD news @1:30 and USD @ 2:00, when I took the 11am trigger candle
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Old Jul 16, 2010, 3:37pm   #97
 
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Re: Seeking consistency

I thought you put stop at 10500
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Old Jul 16, 2010, 4:00pm   #98
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Re: aud usd long?

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lets see what happens with this pair
stopped out for -70 pips
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Old Jul 16, 2010, 4:03pm   #99
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Re: Seeking consistency

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I thought you put stop at 10500
No, I just took the shooting star as it printed, Saxo Banks recommendation was above 1.05 00
Not been a good end of the week for me, both CAD & AUD hit stops this afternoon, putting me down by 130 pips between them
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Old Jul 16, 2010, 4:09pm   #100
 
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Re: Seeking consistency

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No, I just took the shooting star as it printed, Saxo Banks recommendation was above 1.05 00
Not been a good end of the week for me, both CAD & AUD hit stops this afternoon, putting me down by 130 pips between them
Good point – if the reason for the entry is the shooting star. Once it failed no need to stay in the trade.

Anyway that's trading business. I found it difficult to be profitable every single day.
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