Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Babyblush Once even i had tried this to keep an online journal so that i could show ...

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Old Jul 15, 2013, 7:04pm   #766
 
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Joined Nov 2009
Re: Seeking consistency

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Originally Posted by Babyblush View Post
Once even i had tried this to keep an online journal so that i could show positive result, but only if this mindset happens strongly we can do it otherwise its a complete no.
you should keep a journal to record all your results, not just your positive ones. we learn more from our mistakes no?
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Old Jul 29, 2013, 10:21am   #767
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Re: EUR USD short

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Originally Posted by Leia View Post
, I have placed an order short at 1.30 70 with a large (-140pip) stop at 1.32 10, which is just above the recent spike high
My targets are R1 @ 1.29 30 and
R2 back at the recent lows @ 1.27 80
Full loss (both parts)
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Old Jul 29, 2013, 10:24am   #768
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Re: usd jpy long trigger

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Order to enter long @ 100.00, risk -120 pips to
stop @ 98.80
T1 = R1 = +120 pips @ 101.20
T2 = recent highs on daily time-frame @ 103.50 (+350 pips, R=3)
Full loss taken on both parts
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Old Aug 14, 2013, 6:10am   #769
Joined Dec 2009
Cable short trigger

Leia started this thread My daily indicator is flat and the 4 hour is long

However, on the longer term (weekly) time-frame, the descending resistance line from the end of 2012 appears to have stopped last weeks rally

I'm looking for a correction to my ascending support line of the daily chart, which is very close to both the 61.8% re-tracement of the last daily up-swing and the round number 1.52 00

The weekly and daily time-frames have been printing long up moves, interspersed with short downward 'corrections' and it is part of this 'correction' leg I am aiming to capture with this trade

Yesterday contained a 4hour (and indeed 1 hour) time-frame 'shooting star' type of candle, rejecting higher prices at this time, which I am using as my 'trigger'
Order short is at 1.54 30 with an 80pip stop @ 1.55 10
T1 is @ R2, or 160 pips at 1.52 70
T2 is @ my daily time frame ascending resistance line 1.52 30 (+200pips R=2.5)
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Old Aug 14, 2013, 1:41pm   #770
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Re: Cable short trigger

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Quote:
Originally Posted by Leia View Post
Order short is at 1.54 30 with an 80pip stop @ 1.55 10
T1 is @ R2, or 160 pips at 1.52 70
T2 is @ my daily time frame ascending resistance line 1.52 30 (+200pips R=2.5)
Order opened and stops hit for full loss (on both parts)
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Old Aug 29, 2013, 6:21am   #771
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cable long trigger (low R)

Leia started this thread GBP USD has posted a with-trend (daily, counter trend 4 hourly) entry trigger signal on both the 4 hour and daily time-frame

I have not however set any order as the potential reward I see (to 1.57 00) is only 1.3 times the risk of the trigger bar (entry 1.55 40, stop 1.54 25 = -115 pips)

A 50% retrace of the bar would make it more attractive (-60pips for +220 = R3+), so I'll watch closely today for an entry opportunity around the 1.54 80 region
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Old Sep 11, 2013, 8:55am   #772
Joined Dec 2009
GBP CAD long trigger

Leia started this thread My daily trend is long (4 hour short)

The daily chart has generated a long trigger (hammer) at previous daily support

The 1.62 00 level has provided resistance for some years and may now hold as support? Thats the theory anyway

I have placed an order long at 1.62 70 with a stop at the round 1.62 00 (risk -70 pips)
T1 is the recent daily high at 1.64 20 (R2)
T2 is the high of the year at 1.63 00 (R3)

As always, if the orders are opened and price move in my direction to 1 R (+70pips) @ 1.63 40, I will move my stops to break-even
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Old Sep 11, 2013, 9:38am   #773
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Leia started this thread
Quote:
Originally Posted by Leia View Post
I have placed an order long at 1.62 70 with a stop at the round 1.62 00 (risk -70 pips)
T1 is the recent daily high at 1.64 20 (R2)
T2 is the high of the year at 1.63 00 (R3)

As always, if the orders are opened and price move in my direction to 1 R (+70pips) @ 1.63 40, I will move my stops to break-even
Price has shot through R1 (+70pips - pale blue line) @ 1.63 40 without opening orders
Therefore I have removed my pending orders
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Old Sep 12, 2013, 8:59am   #774
Joined Dec 2009
GBP CHF shoer (daily) trigger

Leia started this thread The trend on the daily and 4 hour charts are long
However price is approaching a significant swing high / resistance area 1.48 20 and has printed a very clean 'trigger' candle (shooting star) on the daily chart

I have placed an order short at the break of this candles low, with a stop at the high, looking to move my stop to break even should my orders be opened and price move to 1 times my risk, and then take profits at 2 times risk and 5 times risk

Order 1.46 90, stop 1.47 85 (risk = -95pips)
T1 = 1.45 00 (+190 pips = R2)
T2 = 1.42 00 (+490 pips = R5)
stops to break even if orders opened & price moves down to 1R @ 1.46 05
orders removed if price moves to 1.46 05 before orders are triggered open
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Old Sep 13, 2013, 3:12pm   #775
Joined Dec 2009
GBP CHF short

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order 1.46 90, stop 1.47 85 (risk = -95pips)
T1 = 1.45 00 (+190 pips = R2)
T2 = 1.42 00 (+490 pips = R5)
stops to break even if orders opened & price moves down to 1R @ 1.46 05
orders removed if price moves to 1.46 05 before orders are triggered open
Order opened and stop hit for full loss on parts
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Old Oct 10, 2013, 10:00am   #776
Joined Dec 2009
NZD USD long

Leia started this thread Large daily trigger, in line with recent strong up move

a 50% retrace entry provides an acceptable risk to reward, with a target at the recently posted highs

Order at 0.82 65, stop 0.81 90 (75 pips)
Target at 0.84 30 (175 pips) R2+
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Old Oct 10, 2013, 11:41am   #777
 
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Hi,

97 pages on, may one inquire if you think you are improving or have improved or miraculously about to improve ?
Does your p&l delight you when you contemplate it in the wee small hours ?

Just curious.
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
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Old Oct 11, 2013, 12:14pm   #778
Joined Dec 2009
Leia started this thread
Quote:
Originally Posted by Leia View Post
Large daily trigger, in line with recent strong up move

a 50% retrace entry provides an acceptable risk to reward, with a target at the recently posted highs

Order at 0.82 65, stop 0.81 90 (75 pips)
Target at 0.84 30 (175 pips) R2+
Price has posted to 0.83 40, which is +75 pips and 1 times my risk on this trade 1R
I have therefore moved my stop to break even
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Old Oct 21, 2013, 10:46am   #779
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Leia started this thread
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I have therefore moved my stop to break even
Trade target achieved
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Old Nov 4, 2013, 11:41am   #780
Joined Dec 2009
EUR USD long trigger

Leia started this thread Daily indicators long, 4 hour short
Price has printed a long trigger (hammer style shape) candle on the 4 hour chart around a level of previous support zone on the daily chart as well as between the 50% & 61.8% fibonancci re-tracement level of the previous 'up' leg and bottom of the ascending channel on the weekly time-frame

I recognise that this signal is counter the recent very strong momentum (on the daily & weekly charts) as well as the last monthly candle that shows rejection of higher prices at this time, at the current years highs. However the risk reward is strong (around three times)

I have therefore placed an order long @ 1.35 00 with a 60 pip stop @ 1.34 40 and target just below the strong resistance of 1.37 00, presently representing the 2013 high
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