Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia 2nd 4H shooting start just formed @ D20 dynamic resistance and last weeks high (which saw ...

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Old Jan 4, 2012, 3:33pm   #311
Joined Dec 2009
Re: eur usd 4H trigger

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Originally Posted by Leia View Post
2nd 4H shooting start just formed @ D20 dynamic resistance and last weeks high (which saw a significant sell off)
Order removed as entry price @ 1.30 50 missed by 8 pips and move now well advanced
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Old Jan 13, 2012, 4:55pm   #312
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eur usd 4H trigger to short

Leia started this thread previous daily swing low may act as previous support turned resistance around 1.28 50 (also 50% retracement of last weeks down move)

4H 'shooting star' type candle printed at 10am this morning. trade set up to short at 1.28 40 (50% to reduce risk) with stop above high @ 1.28 85 and target of recent lows at 1.26 85

Risk Reward around 1:3 (45pips for 155pips)

Price just opened order (by 4 pips) and has now achieved target level
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Old Jan 16, 2012, 2:16pm   #313
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Audio Broadcast aud usd 4H trigger (Friday)

Leia started this thread My daily and 4H indicators are long
Fridays 4H chart printed a trigger candle rejecting lower prices at 61.8% retrace of the weeks up move with an acceptable R:R if recent highs are achieved. However if recent highs are broken, price should move considerably higher

I have entered a long order @ 1.02 75, about 50% of the 4H trigger candle, with a stop below @ 1.02 30 (45pips risk) for an initial target of +100 pips (1.03 75) and an ultimate target of 1.07 00 (400pips, which if seen is nearly 10x risk)

Price hasn't moved much since Friday (probably due to US holiday) so I am still optimistic at this late stage that my entry level will be seen again before we move out of the present short term range
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Old Jan 17, 2012, 8:42am   #314
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Re: aud usd 4H trigger (Friday)

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Originally Posted by Leia View Post
Price hasn't moved much since Friday (probably due to US holiday) so I am still optimistic at this late stage that my entry level will be seen again before we move out of the present short term range
Order removed, price has broken out to the upside
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Old Jan 17, 2012, 12:16pm   #315
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EUR GBP 1H short signal rejecting D20ema

Leia started this thread The 1H chart has just posted a candle indicating rejection of higher prices (which implies the daily 20ema is acting as dynamic resistance)

In line with the daily down trend, although 4H trend has changed, so only very low risk (15 pips) for retest of previous lows around 0. 82 30

Entry 0.83 10 stop 0.83 25
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Old Jan 17, 2012, 5:17pm   #316
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Re: EUR GBP 1H short signal rejecting D20ema

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Entry 0.83 10 stop 0.83 25
Price has moved to twice risk (+30 @ .82 80), so stop to breakeven. Either it takes me out for NIL or it'll grind back down to back below the 2010 low
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Old Jan 18, 2012, 9:30am   #317
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Re: EUR GBP 1H short signal rejecting D20ema

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Either it takes me out for NIL or
Stop taken out for NIL (and moved above original stop, so a loss avoided on a no good trade!)
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Old Jan 18, 2012, 9:39am   #318
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AUD USD 4H trigger

Leia started this thread AUD USD has posted another 4H trigger candle overnight, rejecting lower prices showing dynamic support from the 4hour 20ema

30 pips risked (entry 1.03 80, stop 1.03 50) for 400 reward if 1.07 00 seen. Two major hurdles to break are descending trend-line and yesterdays high. If yesterdays highs are seen @ 1.04 50, R is just over 2, making this an acceptable R:R
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Old Jan 18, 2012, 11:24am   #319
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Re: AUD USD 4H trigger

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30 pips risked (entry 1.03 80, stop 1.03 50)
Price has achieved R=1 (+30 pips @ 1.04 10) so stop has been moved to break even
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Old Jan 18, 2012, 6:57pm   #320
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Re: AUD USD 4H trigger

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Originally Posted by Leia View Post
Price has achieved R=1 (+30 pips @ 1.04 10) so stop has been moved to break even
This trade was stopped out, but a re-entry opportunity at the same level (1.03 80, initial stop at 1.03 50) was taken. Price has again moved past +30 (1.04 10) and the stop has again been moved up to break even
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