Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Will this pair fall to the weekly support offered from the ascending trend line on this time frame (look out ...

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Old Mar 11, 2012, 11:53am   #372
Joined Dec 2009
AUD USD weekly

Leia started this thread Will this pair fall to the weekly support offered from the ascending trend line on this time frame (look out at 1.03 80 if we do get there)
It coincides with just over a 61.8% fib re-tracement of the last up swing on the daily time frame
although by then we could see a lower high (to go with lots of lower lows) on the daily time frame and the daily and 4H charts will most likely both be very short (blue slow 50sma above the red fast 20ema, both pointing down, gap between them widening and price trading below them both, so it may be difficult to find a long entry
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aud-usd-weekly.gif   aud-usd-daily.gif  
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Old Mar 11, 2012, 12:23pm   #373
Joined Dec 2009
cable about to hit Feb support @ 1.56 50

Leia started this thread Very bearish candle to complete the week
obvious support at February lows
Daily time-frame is long, but Fridays close is below 20ema and 50sma on this time-frame
Higher time-frames (Monthly and Weekly) are indicating bearish sentiment
Lower time-frames are also bearish, so the daily is the exception

I would be happy to take a long trade signal at this level, but would want to see a retrace higher to be tempted in short (against the present daily trend)
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gbp-usd-daily.gif   gbp-usd-m-bearish-trend.gif   gbp-usd-w-bearish-trend.gif  

gbp-usd-4-bearish-range-trend.gif  
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Old Mar 12, 2012, 11:45am   #374
Joined Dec 2009
February Summary

Leia started this thread I haven't posted my results for February, probably because they are rubbish.
However, can't give up after one month (January was good), so here they are

Post Pair result
339 aud usd -30
342 gold -30
344 aud usd -40
354 aud usd +55
362 aud usd -50
364 eur gbp -15
368 nzd usd -30
total loss -140 (Jan win +195) total 2 months +55pips = +1.7%

7 trades opened, 6 losers & 1 winner, 8 orders didn't open
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Old Mar 13, 2012, 11:09am   #375
Joined Dec 2009
eur gbp couter trend short

Leia started this thread daily and 4H trends are long

counter trend shooting star type candle printed on the 4H between 50% and 61.8% fib re-tracement of previous down swing
order placed to go short @ .84 00 (round number), stop just above recent 4H high .84 30 (risk -30) target 2012 low @ .82 20 (+180 reward) R= 6
target 1 (if order opened) last weeks low @ .83 20 (+80 pips, R=2.7)
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Old Mar 14, 2012, 10:10am   #376
Joined Dec 2009
Re: eur gbp couter trend short

Leia started this thread
Quote:
Originally Posted by Leia View Post
target 1 (if order opened) last weeks low @ .83 20 (+80 pips, R=2.7)
price has reached target 1 (.83 20) but my order didn't get opened (by 8 pips!)
so order has been removed
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Old Mar 15, 2012, 9:02am   #377
Joined Dec 2009
nzd cad trend change & triggers

Leia started this thread The NZD CAD pair had changed to a down trend on the daily chart (moving average cross over) and now is in line with the 4hourly time frame

Whilst this could be a good counter trend entry area (between the 50 & 61.8% fib levels of the last daily up swing) I shall be watching the 4H and daily time-frame for pull backs and triggers to short (two of which are highlighted on the 4H chart)
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Old Mar 15, 2012, 11:37am   #378
Joined Dec 2009
eur usd daily potential

Leia started this thread daily trend is up, 4H is down

daily chart shows support @ 1.31 00, could this now become resistance for a further push lower (to Feb low @ 1.29 80 ?)

watching for rejection of price level around 1.31 00, which is the 50 - 61.8% fib level of the last 4H down swing
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eur-usd-d-short-zone.gif   eur-usd-4h.gif  
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