Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia UK news took break even for gbp jpy (had seen a max of +75) and of ...

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Old Feb 15, 2011, 1:53pm   #261
Joined Dec 2009
Re: Tues Feb 1th '11

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Originally Posted by Leia View Post
UK news took break even for gbp jpy (had seen a max of +75)
and of course, post the news, the pair went on to give in excess of +100 !
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Old Feb 16, 2011, 11:21am   #262
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cable news day - potential levels

Leia started this thread I'm looking to enter cable on the long side
I have support at 1.61 16 and stronger at the 61.8% retrace of the last 1H up swing at 1.60 75 (previous resistance turned support?)
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cable-feb-16.jpg  
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Old Feb 16, 2011, 1:11pm   #263
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Re: cable news day - potential levels

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I'm looking to enter cable on the long side
I have support at 1.61 16 and stronger at the 61.8% retrace of the last 1H up swing at 1.60 75 (previous resistance turned support?)
Smashed through both of them, so no entry offered, next is 1.60 00 / 1.60 20 zone (ascending 1H TL and start of last 1H up move)
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Old Feb 16, 2011, 7:33pm   #264
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eur gbp short trigger

Leia started this thread both my daily and 4H trends are short
price has pulled back to 50% of the prev 4H down swing (and has rejected yesterdays high)
1H shooting star just printed
4H set up and 1H trigger charts
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eur-gbp-short-4h-set-up16-feb-11.jpg   eur-gbp-short-trigger-16-feb-11.jpg  
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Old Feb 17, 2011, 7:39am   #265
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Thurs Feb 17th

Leia started this thread My 'multi trend' filter has only returned 5 pairs to watch this morning, but I have ruled out 2 on the basis that they have made their moves and if anything will be counter trend trades

cable Long 1.61 15 area
swissie Short 95 70 area
cad Short already made its move, may be a counter trend move (ie Long)
gbp jpy Long 1.34 65 area (like cable)
aud jpy Long already made its move, may be counter trend move (ie Short)
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Old Feb 17, 2011, 8:31am   #266
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Re: Thurs Feb 17th

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Originally Posted by Leia View Post
M
gbp jpy Long 1.34 65 area (like cable)
5min 'hammer' type candle indicating support of price on ascending trendline, break above previous resistance triggered trade
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Old Feb 17, 2011, 3:17pm   #267
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Re: eur gbp short trigger

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1H shooting star just printed
Stop moved to break even, as 'hammer' shaped 4H candle just printed, indicating rejection of lower prices and that the ascending 4H line may hold as support
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Old Feb 17, 2011, 3:24pm   #268
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Re: Thurs Feb 17th

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, break above previous resistance triggered trade
Rubbish trading by me, price hovered just below my entry for a while and then dived almost 40 pips.

Fortunately I was saved by my broker because the minimum stop distance for this pair is 40 pips, so I wasn't stopped out (should have taken a 20 - 25 pip loss really)

Amazingly lucky price then reversed and I took half of the position off at +20 pips

I then closed out the trade as it moved back towards (within 5 pips) the break even level at lunch time

So a +10 profit net, for a -40 draw down, very very lucky for me
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Old Feb 18, 2011, 7:48am   #269
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Fri 18th Feb

Leia started this thread My filter hasn't returned any pairs for this morning, although it is implying usd weakness with cable, euro and aussie all set up to break to the long side on the 4H and 1H charts

Cad printed a daily hammer like candle yesterday and is at a good (low) level for a counter trend trade (long)

Cable and Ozzie have trended sideways through the asian session with clearly defined boundaries, so it may be possible to play these, either for a continuation of range or a break out, depending upon short term (5m) sentiment at 1.61 60 1.61 80 and 1.00 05 1.00 30 respectively, at least until the UK news at 9:30am
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Old Feb 21, 2011, 7:52am   #270
Joined Dec 2009
Mon 21st Feb

Leia started this thread My filter has returned 5 pairs to watch this morning.
Essentially the usd and jpy have been weaker that the higher risk currencies over the asian session, continuing the trend from Friday. The 1H 20ema appears to be an ascending support line, so pull backs to these levels and indications of rejections of further corrections lower may provide profitable entires
cable Long 1.62 25 / 00
eur jpy Long 113.65 / 50
gbp jpy Long 134.90 / 75
nzd usd Long 76.20 / 00
aud jpy Long 84.15 / 00
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