## Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; The EUR NZD has printed a 'shooting star' shaped candle on the daily time-frame indicating rejection of a previous daily ...

 Jan 29, 2013, 8:59am #646 Joined Dec 2009 EUR NZD short (daily) The EUR NZD has printed a 'shooting star' shaped candle on the daily time-frame indicating rejection of a previous daily swing high level (potential double top) I have placed an order at about 50% into this candle @ 1.61 50 with a stop just above the high @ 1.62 40 (90pip risk) Target 1 = R1 - +90 pips = 1. 60 60 Target 2 = recent swing low @ 1. 58 00 (+350 pips R3.5) T3 = trailing stop to 1. 55 50 Attached Thumbnails
Jan 29, 2013, 4:11pm   #647
Joined Dec 2009
Re: USD CHF short trigger

Quote:
 Originally Posted by Leia here's the chart
trail stops down to 0.93 00 (+45 pips) on both remaining positions
Attached Thumbnails

Jan 30, 2013, 10:55am   #648
Joined Dec 2009
Re: AUD JPY long

Quote:
 Originally Posted by Leia here's the chart, showing the daily set up candle and the entry actually hit on the 4 hour time-frame (before whizzing up to get me to T1 and stops up to break even)
stops moved to 94.00 (+80)
Attached Thumbnails

Jan 30, 2013, 11:27am   #649
Joined Dec 2009
Re: EUR NZD short (daily)

Quote:
 Originally Posted by Leia The EUR NZD has printed a 'shooting star' shaped candle on the daily time-frame indicating rejection of a previous daily swing high level (potential double top) I have placed an order at about 50% into this candle @ 1.61 50 with a stop just above the high @ 1.62 40 (90pip risk) Target 1 = R1 - +90 pips = 1. 60 60 Target 2 = recent swing low @ 1. 58 00 (+350 pips R3.5) T3 = trailing stop to 1. 55 50
Order opened and stops hit (for -90 pips)
Attached Thumbnails

Last edited by Leia; Jan 30, 2013 at 11:29am. Reason: better charts

 Jan 30, 2013, 3:41pm #650 Joined Dec 2009 AUD CAD long Daily and 4hour indicators are long Price has retraced 50 / 61.8% of the last 4 hour up swing price actions (the last 4 hour candle) indicates rejection of lower prices at this time, potential daily swing high level resistance now acting as support I have entered an order to go long on this pair @ 1.04 70 with a -40pip stop @ 1.04 30 T1 = R1 = 40pips @ 1.05 10 T2 = recent daily highs @ 1.05 35 T3 = trailing stop, to 1.07 70 Attached Thumbnails
Jan 30, 2013, 4:51pm   #651
Joined Dec 2009
Re: USD CHF short trigger

Quote:
 Originally Posted by Leia trail stops down to 0.93 00 (+45 pips) on both remaining positions
T2 hit (@0.9120, +225pips)
stop on last part to 0.92 50 (+95pips)
Attached Thumbnails

Jan 31, 2013, 6:54am   #652
Joined Dec 2009

Quote:
 Originally Posted by Leia I have entered an order to go long on this pair @ 1.04 70 with a -40pip stop @ 1.04 30 T1 = R1 = 40pips @ 1.05 10 T2 = recent daily highs @ 1.05 35 T3 = trailing stop, to 1.07 70
Order removed. 4 hour trigger invalidated and daily candle closed bearish formation
next level of interest for a potential long is 1.03 70

Jan 31, 2013, 6:47pm   #653
Joined Dec 2009
Re: USD CHF short trigger

Quote:
 Originally Posted by Leia T2 hit (@0.9120, +225pips) stop on last part to 0.92 50 (+95pips)
I am moving my stop right down to 0.91 35 as price has moved very quickly to recent lows and may well find support to start the next 'up wave' from these levels
Attached Thumbnails

Last edited by Leia; Jan 31, 2013 at 6:49pm. Reason: chart

 Feb 4, 2013, 7:09am #654 Joined Dec 2009 USD CHF long trigger Whilst still managing my trailing stop on my short position, the last daily candle closed at an obvious Support/Resistance level (12 pips higher then my ultimate short target) making a reversal pattern (hammer) So as well as still being short this pair, I have entered an order long 50% back into Fridays daily bar (which is closely aligned to the 4 hour 'hammer' bar printed Friday, embedded into the daily bar) Long @ 0.90 65 with a stop just below the candle bar low @ 0.90 20 (risk -45 pips) Target 1 = R1 = +45 pips @ 0.91 10 Target 2 = recent highs @ 0.93 65 (+300pips, R6) Target 2 trail stop or to 0.99 65 Attached Thumbnails
 Feb 6, 2013, 8:58am #655 Joined Dec 2009 Re: USD CHF long trigger [QUOTE=Leia Long @ 0.90 65 with a stop just below the candle bar low @ 0.90 20 (risk -45 pips) Target 1 = R1 = +45 pips @ 0.91 10 Target 2 = recent highs @ 0.93 65 (+300pips, R6) Target 2 trail stop or to 0.99 65[/QUOTE] Trade has triggered open and T1 has been hit @ 0.91 10 Stops on remaining parts have been moved to break even @ 0.90 65
Feb 6, 2013, 9:02am   #656
Joined Dec 2009
Re: AUD JPY long

Quote:
 Originally Posted by Leia stops moved to 94.00 (+80)
Trailing stop moved to 95.50 (+230 pips)

Feb 6, 2013, 10:33pm   #657
Joined Dec 2009
Re: AUD JPY long

Quote:
 Originally Posted by Leia Trailing stop moved to 95.50 (+230 pips)
Order placed to add to long position @ 96.50, stop @ 96.00 (50pips risk)
T1 @ R=1 at 97.00 and
T2 @ 102.00 (+550,R=11, if achieved)

Feb 7, 2013, 2:58pm   #658
Joined Dec 2009
Re: AUD JPY long

Quote:
 Originally Posted by Leia Order placed to add to long position @ 96.50, stop @ 96.00 (50pips risk) T1 @ R=1 at 97.00 and T2 @ 102.00 (+550,R=11, if achieved)
T1 stop moved to break even on remaining part

Feb 7, 2013, 3:03pm   #659
Joined Dec 2009
Re: USD CHF long trigger

Quote:
 Originally Posted by Leia Trade has triggered open and T1 has been hit @ 0.91 10 Stops on remaining parts have been moved to break even @ 0.90 65
Stop hit on remaining parts

Feb 7, 2013, 8:52pm   #660
Joined Dec 2009
Re: AUD JPY long

Quote:
 Originally Posted by Leia T1 stop moved to break even on remaining part
2nd part stopped out for NIL