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 ...

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Old Jan 29, 2013, 7:59am   #646
Joined Dec 2009
EUR NZD short (daily)

Leia started this thread 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
eur-nzd-short-50-daily-trigger.gif  
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Old Jan 29, 2013, 3:11pm   #647
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Re: USD CHF short trigger

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Quote:
Originally Posted by Leia View Post
here's the chart
trail stops down to 0.93 00 (+45 pips) on both remaining positions
Attached Thumbnails
usd-chf-trail-stop-0.93-00.gif  
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Old Jan 30, 2013, 9:55am   #648
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Re: AUD JPY long

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Quote:
Originally Posted by Leia View Post
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
aud-jpy-trail-stop-80.gif  
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Old Jan 30, 2013, 10:27am   #649
Joined Dec 2009
Re: EUR NZD short (daily)

Leia started this thread
Quote:
Originally Posted by Leia View Post
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
eur-nzd-stop-hit.gif  

Last edited by Leia; Jan 30, 2013 at 10:29am. Reason: better charts
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Old Jan 30, 2013, 2:41pm   #650
Joined Dec 2009
AUD CAD long

Leia started this thread 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
aud-cad-4h-trigger.gif  
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Old Jan 30, 2013, 3:51pm   #651
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Re: USD CHF short trigger

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Quote:
Originally Posted by Leia View Post
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
usd-chf-t2-stop-0.92-50.gif  
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Old Jan 31, 2013, 5:54am   #652
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Re: AUD CAD long

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Quote:
Originally Posted by Leia View Post
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
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Old Jan 31, 2013, 5:47pm   #653
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Re: USD CHF short trigger

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Quote:
Originally Posted by Leia View Post
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
usd-chf-t2-stop-0.91-35.gif  

Last edited by Leia; Jan 31, 2013 at 5:49pm. Reason: chart
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Old Feb 4, 2013, 6:09am   #654
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USD CHF long trigger

Leia started this thread 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
usd-chf-long-trigger.gif  
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Old Feb 6, 2013, 7:58am   #655
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Re: USD CHF long trigger

Leia started this thread [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
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Old Feb 6, 2013, 8:02am   #656
Joined Dec 2009
Re: AUD JPY long

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Quote:
Originally Posted by Leia View Post
stops moved to 94.00 (+80)
Trailing stop moved to 95.50 (+230 pips)
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Old Feb 6, 2013, 9:33pm   #657
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Re: AUD JPY long

Leia started this thread
Quote:
Originally Posted by Leia View Post
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)
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Old Feb 7, 2013, 1:58pm   #658
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Re: AUD JPY long

Leia started this thread
Quote:
Originally Posted by Leia View Post
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
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Old Feb 7, 2013, 2:03pm   #659
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Re: USD CHF long trigger

Leia started this thread
Quote:
Originally Posted by Leia View Post
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
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Old Feb 7, 2013, 7:52pm   #660
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Re: AUD JPY long

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