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 sell at .98 00 with a stop above the last high of .98 40 ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 31, 2012, 4:36pm   #501
Joined Dec 2009
Re: GBP NZD short (counter trend)

Leia started this thread
Quote:
Originally Posted by Leia View Post
order to sell at .98 00 with a stop above the last high of .98 40 (risk = 40) I have set 3 take profit levels, the first at R=1 (ie 40 pips) at .97 60)
The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even
Attached Thumbnails
gbp-nzd-trade-open-r1-hit.gif  

Last edited by Leia; Aug 31, 2012 at 4:39pm. Reason: 4got chart
Leia is offline   Reply With Quote
Old Sep 1, 2012, 2:56pm   #502
Joined Dec 2009
watch list for week commencing September 3rd

Leia started this thread 17 charts to keep an eye on this week for pull backs and 'trigger' candles:

long EUR GOLD
long GOLD
long SILVER
long EUR NZD (1.55 60)
long EUR AUD (1.21 00)
long GBP NZD (1.97 00)
short NZD CAD
long CAD CHF
short AUD CHF
short NZD CHF
long AUD NZD
short USD CHF
long EUR USD (1.25 40)
short USD CAD
long GBP USD
short USD JPY
Leia is offline   Reply With Quote
Old Sep 2, 2012, 8:28am   #503
Joined Dec 2009
Re: Silver counter trend signal

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order has been triggered open and price has subsequently seen 30.54 (+36 pips) and so I have mover my stop to a breakeven position
price has retraced (having seen a risk / reward of +2) and hit my stop for Break Even
Attached Thumbnails
silver-out-.gif  
Leia is offline   Reply With Quote
Old Sep 3, 2012, 7:07am   #504
Joined Dec 2009
Re: GBP NZD short (counter trend)

Leia started this thread
Quote:
Originally Posted by Leia View Post
The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even
Second and third parts closed out at break even on the weeks open
Attached Thumbnails
gbp-nzd-closed-.gif  
Leia is offline   Reply With Quote
Old Sep 3, 2012, 9:41am   #505
Joined Dec 2009
CAD CHF long

Leia started this thread both my time-frame indicators are long (4 hourly only just)
price is below the moving averages, but may have 'double bottomed' on the daily time-frame at significant support

The 4 hour time-frame has printed a trigger candle at the end of last week, and I have placed an order to trade this trigger candle, should price retrace to it again over the next few days

Order long at 0.96 55, stop at 0.96 00 (risk -55pips)
I have split this trade into three parts, initial target is R=1 @ 0.97 10, second at previous daily highs 0.98 55 (+200 pips, R=3.5) and the third has no target which will be managed by a trailing stop. Should the trigger be the start of a more established upward swing, I will also be looking for opportunities to add to the position, if it an be managed 'risk free'
Attached Thumbnails
cad-chf-daily.gif   cad-chf-4-hour-trigger.gif  
Leia is offline   Reply With Quote
Old Sep 5, 2012, 7:42am   #506
Joined Dec 2009
Re: CAD CHF long

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order long at 0.96 55, stop at 0.96 00 (risk -55pips)
I have split this trade into three parts, initial target is R=1 @ 0.97 10, second at previous daily highs 0.98 55 (+200 pips, R=3.5) and the third has no target which will be managed by a trailing stop.
Order has been triggered and after a small draw down (to .96 47, -8 pips) has achieved R1 (+55 pips) over night
I have now moved my stops on the second two parts to break even and the first part has closed for +55 (real value = +18 pips)

Price has now reached a level of potential stall, as it is the previous swing high on the daily time-frame aw well as the daily descending trend line
Attached Thumbnails
cad-chf-daily-stall-area.gif   cad-chf-4h.gif  
Leia is offline   Reply With Quote
Old Sep 5, 2012, 9:01am   #507
Joined Dec 2009
EUR NZD 4H retrace for long entry trigger

Leia started this thread This pair is currently retracing into the last 4H up swing, so I am monitoring for any long 'trigger' candles (around 1.55 60, previous resistance)
Attached Thumbnails
eur-nzd-daily.gif   eur-nzd-4hour.gif  
Leia is offline   Reply With Quote
Old Sep 5, 2012, 9:06am   #508
Joined Dec 2009
GBP NZD 4 hour retrace

Leia started this thread this pair is similar to eur nzd mentioned above (also on this weeks watch list) for 1.98 30
Attached Thumbnails
gbp-nzd-daily.gif   gbp-nzd-4-hour.gif  
Leia is offline   Reply With Quote
Old Sep 5, 2012, 9:15am   #509
Joined Dec 2009
NZD CHF 4 hour retrace

Leia started this thread with the NZD theme, this pair also is retracing into the previous 4 hour swing and I am monitoring for a short trigger candle around 0.76 40
Attached Thumbnails
nzd-chf-daily.gif   nzd-chf-4hour.gif  
Leia is offline   Reply With Quote
Old Sep 5, 2012, 9:19am   #510
Joined Dec 2009
AUD CHF 4 hour retrace

Leia started this thread this pair is behaving similarly to NZD CHF above (watching for price action around 0.98 70)
Attached Thumbnails
aud-chf-daily.gif   aud-chf-4-hour.gif  
Leia is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Proof of consistency trading forex epic767 Forex 7 Jan 25, 2008 10:18pm
Question 3: Moderation fairness and Consistency barjon T2W Feedback & Announcements 27 Nov 29, 2005 12:46am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)