Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia order to enter long @ 1.31 55 with a stop below the candle low 1. 31 ...

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Old Feb 14, 2012, 5:04pm   #353
Joined Dec 2009
Re: eur usd 4H trigger long

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Originally Posted by Leia View Post
order to enter long @ 1.31 55 with a stop below the candle low 1. 31 25 (-30risk) target recent highs last week of 1.33 00 (245 reward) R=4.8
order removed when price reached 1.32 05 (+60pips or 2X risk)
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Old Feb 15, 2012, 10:15am   #354
Joined Dec 2009
aud usd long

Leia started this thread daily timeframe long, 20ema holding as dynamic support around 1.07 25
4H timframe is indicating short (ma order), but has printed hammer shape candle indicating potential strength at daily 20ema
order placed with entry 1.07 75 (50pip risk) 1.07 25 stop and target at previous highs of 1.10 00 (225 pip reward) R=4
However if price action indicates this to be too ambitions a target, last week high of 1.08 40 gives +65, just over R=1
Attached Thumbnails
aud-usd-d-set-up.gif   aud-usd-4h-trigger.gif  

Last edited by Leia; Feb 15, 2012 at 10:19am. Reason: inability to add up reward pips
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Old Feb 16, 2012, 5:39pm   #355
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Re: aud usd long

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Originally Posted by Leia View Post
order placed with entry 1.07 75 (50pip risk) 1.07 25 stop and target at previous highs of 1.10 00 (225 pip reward) R=4
Order has been opened and price has subsequently moved to 1.08 25 (+50). I have therefore moved my stop to breakeven and will decide on how to trail it depending on the price action if it reaches this weeks highs of 1.07 70
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Old Feb 17, 2012, 8:02am   #356
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Re: aud usd long

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Originally Posted by Leia View Post
depending on the price action if it reaches this weeks highs of 1.07 70
Decisive break and now retracing. 4H support looks to be 1.07 45, so I have moved stop up to 1.07 30 (locking in 55pips, 1 X risk)
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Old Feb 17, 2012, 8:35am   #357
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nzd usd daily setup long

Leia started this thread daily trend is up. 4H is ranging (ma's flat and frequently crossing)
last daily candle was 'hammer-like' indicating rejection of lower prices and that the D20ema is acting as dynamic support for price
I have placed an order long @ 50% of yesterdays candle, which I will cancel if this weeks highs are taken out
Order to open long @ .82 90 stop .82 40 (risk=-50pips) target Aug'11 highs .85 50 (reward=+260pips) R=5
Attached Thumbnails
nzd-usd-d-set-up-trigger.gif  
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Old Feb 17, 2012, 8:49am   #358
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precious metals LONG daily set ups

Leia started this thread Yesterdays candles for Gold and Silver indicate strong rejection of lower prices and that the Daily 20 exponential moving averages (red) are acting as dynamic support

Anticipate price moving sideways / higher over the next week providing it remains above yesterdays low
Attached Thumbnails
gold-daily-hammer.gif   silver-daily-hammer.gif  
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Old Feb 20, 2012, 8:14am   #359
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Re: nzd usd daily setup long

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Originally Posted by Leia View Post
I have placed an order long @ 50% of yesterdays candle, which I will cancel if this weeks highs are taken out
Mondays trading has seen price 84.27 surpassed last weeks highs 84.20 and so I have cancelled this order
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Old Feb 21, 2012, 11:27am   #360
Joined Dec 2009
AUD CAD daily confluence

Leia started this thread daily trend is up (4hour is down)
price is retracing toward 38.2% fib of previous major daily up swing (Nov - Feb)
previous daily swing low at 1.05 90 (30Jan12)
ascending trend line (23Nov11, 29Dec11) 1.05 60

watching for price to enter the yellow box and price action on 4hourly & or daily time-frame indicating strong rejection of lower prices, providing an entry trigger back into uptrend to recent highs at 1.07 80
all time highs of 1 10 40 (Nov 96)
Attached Thumbnails
aud-cad-daily-potential-1.05-85.gif  
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