Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; large daily s/star-ish candle has retraced 50% this morning 15m chart offers a small risk entry (20pips)...

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Old Dec 22, 2011, 9:24am   #302
Joined Dec 2009
aud usd (as eur above post #301)

Leia started this thread large daily s/star-ish candle has retraced 50% this morning
15m chart offers a small risk entry (20pips)
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Old Dec 22, 2011, 9:30am   #303
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Re: aud usd (as eur above post #301)

Leia started this thread
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Originally Posted by Leia View Post
15m chart offers a small risk entry (20pips)
price has moved higher than the top of the 15m s/star candle, so order to go short removed (trigger effectively invalid)
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Old Dec 22, 2011, 1:51pm   #304
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Re: Eur usd 15m trigger

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Usual rules will allow me to get to breakeven if we see 1.30 80 (ie risk of 20pips covered), so I am comfortable to take this opportunity
Price has given 1:3 (+60 pips) so far, stop is at breakeven
I will add by opening a second position if the low of the daily candle @ 1.30 20gives and a reasonable risk 'trigger' appears on a lower timeframe
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Old Dec 22, 2011, 2:38pm   #305
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Re: Eur usd 15m trigger

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Price has given 1:4 (+80 pips)
Yesterdays lows have been broken and a 15M candle printed rejecting higher prices has given me an entry with just 25pips of risk, which I am comfortable with
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Old Dec 22, 2011, 2:57pm   #306
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Re: Eur usd 15m trigger

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15M candle printed rejecting higher prices has given me an entry with just 25pips of risk
which has been taken out
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Old Dec 31, 2011, 12:44pm   #307
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eur usd target met

Leia started this thread bearish sentiment provides lower prices (1.29 00 gave + 200 pips)
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Old Jan 3, 2012, 2:15pm   #308
Joined Dec 2009
gbp usd 4H trigger rejection D 20ema

Leia started this thread cable 4 hour chart shows a shooting star candle formation indication rejection of higher prices (having broken through the 61.8% retracement level of the last down swing)

The daily 20 ema may have provided dynamic resistance around the 1.56 00 round number level. Risk of just over 1:2 (stop above candle high at 1.56 25 target at recent lows 1.53 80)
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