Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia 9:30 GBP watching for reactions to these zones and trade entry potential after 9:30 and the ...

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Old Jan 18, 2011, 9:37am   #218
Joined Dec 2009
Re: Initial News releases of the week

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Originally Posted by Leia View Post
9:30 GBP
watching for reactions to these zones and trade entry potential after 9:30
and the reaction was, take out the High's and keep on going!
No entry for me looking for euro crosses now
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Old Jan 18, 2011, 9:53am   #219
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Re: Initial News releases of the week

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looking for euro crosses now
eur usd Hi 1.34 55 1.35 05
Lo 1.33 20 1.32 45

eur jpy Hi 111.00
Lo 109.50
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Old Jan 18, 2011, 10:49am   #220
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Re: Initial News releases of the week

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eur jpy Hi 111.00
Lo 109.50
I thought I was ready for it this time, a break of the previous minor resistance with a convincing thrust looked like a repeat of the gbp move 30mins earlier, so I am in long eur jpy with a 20 pip stop (to prev 5m support) inthe hope it will follow gbp for 30 or 40 pips (to 111.00, or perhaps through?)
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Old Jan 18, 2011, 10:52am   #221
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Re: Initial News releases of the week

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I thought I was ready for it this time, a break of the previous minor resistance with a convincing thrust looked like a repeat of the gbp move 30mins earlier, so I am in long eur jpy with a 20 pip stop (to prev 5m support) inthe hope it will follow gbp for 30 or 40 pips (to 111.00, or perhaps through?)
STOP hit for -20
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Old Jan 18, 2011, 3:52pm   #222
Joined Dec 2009
cable, break through 1.60. 123 re-entry

Leia started this thread Having been wrong about 1.60 level providing resistance, I have been looking for an entry long into this pair, such as a 123 on the 15 min

I did get an entry, saw my trade move into 20 pips profit (it had been 27 in loss at one stage of a 30 pip stop) so then moved my position to break even

The pair then went on to give me over 30 pips of profit (risk reward of 1), but then it retraced and hit my stop to take me out for break even
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Old Jan 18, 2011, 4:13pm   #223
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Re: cable, break through 1.60. 123 re-entry

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Having been wrong about 1.60 level providing resistance, I have been looking for an entry long into this pair, such as a 123 on the 15 min
1.59 50 was resistance which may now become support, it is also between 50% & 61.8% fib retracement of this morning up move (all 1H chart) and in the 'shadow' bewteen the 1H 20ema (red dash) and 1H 50sma (blue dash)

I'd like to see a candle formation (shooting star, bullish engulfing) or double bottom on the 15m, 30m or 1H to get me long into this pair again
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Old Jan 19, 2011, 7:15am   #224
Joined Dec 2009
Wed 19 Jan

Leia started this thread My filter only took out 1 of my 12 pairs today
I have removed some others because they have made large moves in the asian session
I have selected 4 to watch from the potential reward if they retrace and then move back to their most recent 4H sw Hi / Lo
cable Long 1.60 to 1.60 80
euro Long 1.34 40 to 1.35
swissie Short .96 10 to .95 50
gbp jpy Long 128.90 to 129.50

I am aware (from yesterday) that I may not see any pull backs, but break outs, so I may have to take higher entry levels than those stated above
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