Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia 1.3140 1.31 25 gpb jpy 1.60 50 1.60 25 gbp usd gbp jpy entered @ 1.31 ...

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Old Feb 1, 2011, 11:32am   #249
Joined Dec 2009
Re: tues feb 1st

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Originally Posted by Leia View Post
1.3140 1.31 25 gpb jpy
1.60 50 1.60 25 gbp usd
gbp jpy entered @ 1.31 50, stopped out for -50 (went to -57 before news) with 1.31 75 as the high afterwards. an entry @ 1.31 25 would have been better with the benefit of hindsight, but this strategy is supposed to see me out of the trade by 8:30, so this one was a great failure all round

gbp usd entered at 1.60 50 with a 30 pip risk, only saw -1 draw down before news announcement (gave potential +90) I moved my stop to +50, and this has just been hit, so I am net flat today
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Old Feb 1, 2011, 6:52pm   #250
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Re: USD CHF potential long

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b
I have taken the 4H hammer printed yesterday
Stop hit for -60 pips (besy was +25)
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Old Feb 2, 2011, 9:01am   #251
Joined Dec 2009
Wed Feb 2nd

Leia started this thread Of the 6 pairs returned from my filter, I have taken a long position on eur jpy
the hourly chart is showing former resistance has turned in to support for the asian session, also the 61.8% retracement of the previous down move (if it has got through the 50% and 61.8% fib levels I don't expect it to turn back down)

The 15m (and 5m chart) give a tight stop at their recent support level of 112.75 (-15 pips)
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eur-jpy-02-feb11-1h-set-up.jpg   eur-jpy-02-feb11-break-out-entry.jpg  
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Old Feb 2, 2011, 9:01am   #252
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Re: Wed Feb 2nd

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The 15m (and 5m chart) give a tight stop at their recent support level of 112.75 (-15 pips)
Stop hit -15 pips
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Old Feb 2, 2011, 9:57am   #253
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aud usd 15m set up to strong up trend

Leia started this thread My daily and 4H trends are long, the 1H and below are also long
In an attempt to get into this stream of risk appetite, I have identified a 15m candle which has hammer like qualities
lets see if it is luckier than eur jpy earlier
my aim is to move to break even if I get to a positive 20pips (risk reward of 1:1 with this trade and then trail my stop higher)
Attached Thumbnails
aud-usd-02-feb11-15m-set-up.jpg  
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Old Feb 3, 2011, 8:02am   #254
Joined Dec 2009
Thursday 3rd February

Leia started this thread My filter has returned 4 pairs for this morning
cable Long 1.61 80
eur gbp Short .85 30
eur jpy Long 112.75
gbp jpy Long 132.00
Im looking for pull backs to potential entry areas on the 1H time frame with 5m entry tiggers
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Old Feb 3, 2011, 9:09am   #255
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Re: Thursday 3rd February

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My filter has returned 4 pairs for this morning
cable Long 1.61 80
eur gbp Short .85 30
Entry levels not seen. High risk strategy traded breakouts on £ pairs
cable Long @ 1.62 00 (stop -15, now to break even)
eur gpb Short @ 0.85 10 (stop -20)
Attached Thumbnails
gbp-usd-03-feb11-15m-set-up.jpg   eur-gbp-03-feb11-1h-set-up.jpg  
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Old Feb 3, 2011, 10:32am   #256
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Re: Thursday 3rd February

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Entry levels not seen. High risk strategy traded breakouts on £ pairs
cable Long @ 1.62 00 (stop -15, now to break even)
eur gpb Short @ 0.85 10 (stop -20)
I moved my eur gbp stop to break even ahead of the news, it was hit by about 3 pips before sailing off in my intended direction 2 minutes ahead of the official release time!

Fortunately my cable trade just missed taking itself out at break even, so I am hoping for a +100 pip trade from it
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