Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; 4h chart and Daily chart are in strong uptrends if price can continue upward there is little to stop it ...

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Old Feb 9, 2012, 8:25am   #344
Joined Dec 2009
AUD USD 4H trigger

Leia started this thread 4h chart and Daily chart are in strong uptrends
if price can continue upward there is little to stop it breaking above 1.10 again

on the 4h chart the mast two candles added together (so thats the last 8 hour candle!) form a 'hammer' type trigger signal, offering a potential long entry 1.07 70, stop 1.07 30 (risk -40 pips), target 1.10 70 (reward 300 pips) R=7.5

price needs to retrace quite substantially from current levels to allow this order to open
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Old Feb 9, 2012, 8:32am   #345
Joined Dec 2009
eur usd 4H trigger

Leia started this thread similar to aud usd, euro offers trigger into its strong up trend with little overhead resistance to 1.35 50
entry 1.32 40, stop 1.32 10 (risk -30pips) reward 310 pips. R=10
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Old Feb 10, 2012, 8:05am   #346
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Re: AUD USD 4H trigger

Leia started this thread
Quote:
Originally Posted by Leia View Post
potential long entry 1.07 70, stop 1.07 30 (risk -40 pips), target 1.10 70 (reward 300 pips) R=7.5
Trade opened and stop hit over night -40pips
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Old Feb 10, 2012, 8:07am   #347
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Re: eur usd 4H trigger

Leia started this thread
Quote:
Originally Posted by Leia View Post
entry 1.32 40, stop 1.32 10 (risk -30pips) reward 310 pips. R=10
trade order opened and price moved to +30 pips so stop moved to breakeven
stopped out at breakeven on retrace = NIL pips
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Old Feb 10, 2012, 8:23am   #348
Joined Dec 2009
cable 1H trigger

Leia started this thread GBP USD has printed a 1hour hammer type candle at a previous daily support and resistance level, which offers a very low risk order opportunity (if it works!)

Entry 1.58 00, stop 1.57 65 (risk -35 pips) target 1.61 50 (reward 350pips) R= 10
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Old Feb 10, 2012, 2:51pm   #349
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Re: cable 1H trigger

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Quote:
Originally Posted by Leia View Post
GBP USD
Entry 1.58 00, stop 1.57 65 (risk -35 pips) target 1.61 50 (reward 350pips) R= 10
Price broke 1.57 35 (matching the level of risk) and I moved my stop to breakeven.
Subsequently taken out for NIL pips
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Old Feb 10, 2012, 3:15pm   #350
Joined Dec 2009
nzd usd daily setup

Leia started this thread I am watching this pair for a long trigger on the 1H, 4H or daily timeframe
price has retraced 61.8% of its previous up thrust
it is at the bottom of its established daily up channel
it is just above its daily 20ema (potential dynamic support level)
probably nothing going to happen this week
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