Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; 13 pairs are on the list, but only three have any levels. The remainder need to print 4H swing highs/lows ...

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Old Nov 25, 2012, 3:03pm   #586
Joined Dec 2009
watch list for week commencing November 26th

Leia started this thread 13 pairs are on the list, but only three have any levels. The remainder need to print 4H swing highs/lows before fibs can be drawn to estimate potential entry zones to rejoin the dominant trend directions:

long USD JPY 82.00 (81 40) 82.80, 83.30, 84.10 see 4H chart for fib levels & MA's
long AUD USD wait for 4H Sw Hi
long EUR GBP wait for 4H Sw Hi
long EUR JPY wait for a 4h Sw Hi
long EUR CAD wait for 4h Sw Hi
short GP CHF wait for 4h Sw Lo
long CAD JPY wait for 4h Sw Hi
long AUD JPY wait for 4h Sw Hi
long CAD JPY 82.60 (82.00) 83.10, 83.60, 85.00
long GBP JPY 130.60 (130.00) 132.30, 133.50
long CHF JPY need 4h Sw Hi
long NZD CAD need 4h Sw Hi
short CAD CHF need 4h Sw Lo
Attached Thumbnails
usd-jpy-daily.gif   usd-jpy-4h-trigger-zone.gif  
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Old Dec 3, 2012, 10:13am   #587
Joined Dec 2009
USD JPY long

Leia started this thread Order 1 @ 82.15 (81.80) 82.40, 82.80
opened and stop hit for -35pips on all three parts

Order 2 @ 82.00 (stop 81.60) risk = -40pips
T1 = R1 = +40pips = 82.10 (achieved)
T2 = 83.00 (+100pips R=2.5)
T3 = trailing stop
stops moved to break even for parts 2 & 3
Attached Thumbnails
usd-jpy-4h-trigger.gif  
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Old Dec 3, 2012, 10:17am   #588
Joined Dec 2009
EUR CAD long

Leia started this thread Order @ 128.50, stop (128.00) risk =-50pips
T1 = R1 = +50pips = 129.00
T2 = 130.00 = +150pips R=3
T3 = trialing stop

Order opened and T1 achieved
stops to break even for parts 2 & 3
Attached Thumbnails
eur-cad-daily.gif   eur-cad-4h-trigger.gif  
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Old Dec 3, 2012, 10:27am   #589
Joined Dec 2009
watch list for week commencing December 3rd

Leia started this thread 14 pairs have daily and 4hour indicators in alignment (2 are live trades from last week and 3 are still awaiting a 4H swing from which fib levels can be drawn to define the 'zone of interest' to look for price action 'triggers')
long USD JPY 82.00 (81.60) see post above
long AUD USD 1.04 20 (1.03 70) 1.04 70, 1.06 00
short GOLD 1730 (1735) 1705, 1675
long SILVER 32.90 (32.00) 34.30, 37.40
long EUR GBP 0.80 95 (0.80 80) 0.81 30, 0.81 60
long EUR NZD need 4G Sw Hi
long EUR JPY 106.80 (105.20) 107.60, 107.90
long EUR CAD need 4H Sw Hi (also see post above, re last weeks order still open)
short GBP CHF need 4H Sw Lo
long CAD JPY 82.70 (82.45) 83.30, 83.60
long AUD JPY 85.40 (85.20) 86.40, 87.70
long NZD JPY 67.40 (67.00) 67.90, 68.30
long GBP JPY 131.70 (130.40) 132.70, 133.40
long CHF JPY 88.70 (88.10) 89.35, 89.80
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Old Dec 3, 2012, 4:55pm   #590
Joined Dec 2009
Re: USD JPY long

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order 2 @ 82.00 (stop 81.60) risk = -40pips
T1 = R1 = +40pips = 82.10 (achieved)
T2 = 83.00 (+100pips R=2.5)
T3 = trailing stop
stops moved to break even for parts 2 & 3
stops hit for Break Even on second two parts
Attached Thumbnails
usd-jpy-stops-hit-.gif  

Last edited by Leia; Dec 3, 2012 at 4:57pm. Reason: chart
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Old Dec 4, 2012, 11:24am   #591
Joined Dec 2009
Re: EUR CAD long

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order @ 128.50, stop (128.00) risk =-50pips
T1 = R1 = +50pips = 129.00
T2 = 130.00 = +150pips R=3
T3 = trialing stop

Order opened and T1 achieved
stops to break even for parts 2 & 3
T2 achieved @130.00 (+150pips) R=3
Attached Thumbnails
eur-cad-t2-hit-150pips-r3-.gif  
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Old Dec 4, 2012, 11:33am   #592
Joined Dec 2009
CAD JPY long trigger

Leia started this thread Daily and 4hour indicators are long
Price has retraced 50/61.8% of the previous (last weeks) 4 hour up swing
the last 4H candle indicates rejection of lower prices at this point in time and a possible return to the dominant trends
I have placed a buy order @ 82.55, with a stop @ 82.25 (risk -30pips)
split into three parts as always
T1 = R1 = +30pips @ 82.85
T2 = recent highs @ 83.30 (+75pips, R2.5)
T3 = trailing stop (to 85.00)

I accept that the daily chart looks 'toppy' (a resistance level which could easily turn the pair short), however the criteria I have are all lined up, so I have placed the order.
Should it be triggered and price achieve T1, the stops on the other two parts will be moved up to a break even level
Attached Thumbnails
cad-jpy-daily.gif   cad-jpy-4h-trigger.gif  
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Old Dec 4, 2012, 2:57pm   #593
Joined Dec 2009
Re: EUR CAD long

Leia started this thread
Quote:
Originally Posted by Leia View Post
T2 achieved @130.00 (+150pips) R=3
T3 trailing stop moved to 129.60 (+110pips)
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Old Dec 4, 2012, 3:00pm   #594
Joined Dec 2009
Re: CAD JPY long trigger

Leia started this thread
Quote:
Originally Posted by Leia View Post
I have placed a buy order @ 82.55, with a stop @ 82.25 (risk -30pips)
split into three parts as always
T1 = R1 = +30pips @ 82.85
T2 = recent highs @ 83.30 (+75pips, R2.5)
T3 = trailing stop (to 85.00)
Orders removed (as set up trigger invalidated before opening)
Attached Thumbnails
cad-jpy-order-removed-set-up-failed-.gif  
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Old Dec 5, 2012, 11:36am   #595
Joined Dec 2009
EUR USD short (counter trend)

Leia started this thread both daily and 4H indicators are long HOWEVER price is at significant (weekly) support and resistance level and has printed consecutive 'short' trigger candles o the 4hour time-frame

I have therefore place a counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows

As always, if my orders are opened and achieve T1, I will move stops on the remaining two positions to breakeven.

I am comfortable with the counter trend trades, as to re-enter the dominant 'long' trend I would be looking for price action trigger at around 1.30 00, which is lower than my T1 level
Attached Thumbnails
eur-usd-weekly-set-up.gif   eur-usd-4h-tigger.gif  
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Old Dec 6, 2012, 8:30am   #596
Joined Dec 2009
Re: EUR USD short (counter trend)

Leia started this thread
Quote:
Originally Posted by Leia View Post
counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows

As always, if my orders are opened and achieve T1, I will move stops on the remaining two positions to breakeven.
Order opened and price moved to 1.30 50 (+40pips R1)
stops on remaining two parts moved down to breakeven
Attached Thumbnails
eur-usd-r1-stops-.gif  
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Old Dec 7, 2012, 8:36am   #597
Joined Dec 2009
Re: EUR USD short (counter trend)

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order opened and price moved to 1.30 50 (+40pips R1)
stops on remaining two parts moved down to breakeven
Trailing stop (position 3) to 4H Swing High @ 1.29 75 (+75pips, almost 2R)
Attached Thumbnails
eur-usd-r1-stop-sw-hi.gif  
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Old Dec 7, 2012, 1:52pm   #598
Joined Dec 2009
Re: EUR USD short (counter trend)

Leia started this thread
Quote:
Originally Posted by Leia View Post
I have therefore place a counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows
T2 hit (+190 pips) R=4
Attached Thumbnails
eur-usd-t2-achieved.gif  
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Old Dec 7, 2012, 3:01pm   #599
 
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Joined Dec 2011
Re: Seeking consistency

Enormous pin bar just formed on fiber, looking at the 30 minute chart. I am expecting a move upwards. (hoping) :-)
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Old Dec 7, 2012, 3:36pm   #600
Joined Dec 2009
Re: Seeking consistency

Leia started this thread
Quote:
Originally Posted by babymonkey View Post
Enormous pin bar just formed on fiber, looking at the 30 minute chart. I am expecting a move upwards. (hoping) :-)
Hello Babymonkey

thank you for your post to my thread

I can see your 'trigger' candle for a long trade, should it open (chart attached). The level is a nice one from the daily 'hammer' low on November 28th (chart attached), although I do see a lot of overhead resistance on the shorter time-frame.

I am staying short with the final portion of my trade from 1.30 90 (trailing stop at 1.29 75), but you may be right - who knows, that's trading
Attached Thumbnails
eur-usd-30-min.gif   eur-usd-daily-set-up.gif  
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