Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia (stop above candle high at 1.56 25 target at recent lows 1.53 80) Stop hit cable ...

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Old Jan 4, 2012, 7:30am   #309
Joined Dec 2009
Re: gbp usd 4H trigger rejection D 20ema

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Originally Posted by Leia View Post
(stop above candle high at 1.56 25 target at recent lows 1.53 80)
Stop hit
cable remains bearish on the daily chart, retracement into the 20ema / 50sma dynamic resistance area, waiting for another strong 'sell trigger'
4h moving averages may turn to bullish today
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Old Jan 4, 2012, 10:25am   #310
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eur usd 4H trigger

Leia started this thread 2nd 4H shooting start just formed @ D20 dynamic resistance and last weeks high (which saw a significant sell off)

stop just above last weeks high @ 1.30 80, 30 pips risked for entry @ 1.30 50 with a target of recent lows @ 1.28 80 (170 pips reward R:R over 5 X, if it comes off)
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Old Jan 4, 2012, 2:33pm   #311
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Re: eur usd 4H trigger

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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, 3:55pm   #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, 1:16pm   #313
Joined Dec 2009
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, 7:42am   #314
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Re: aud usd 4H trigger (Friday)

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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, 11:16am   #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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