Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia Order set at 1.59 90 stop @ 1. 59 60 (risk -30 pips) target previous daily ...

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Old Apr 3, 2012, 9:32pm   #386
Joined Dec 2009
Re: cable break out of recent range (long)

Leia started this thread
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Originally Posted by Leia View Post
Order set at 1.59 90 stop @ 1. 59 60 (risk -30 pips) target previous daily highs at 1.61 10 reward +120) R = 4
Order removed as price shot through stop level (fortunately without opening my order first!)
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Old Apr 5, 2012, 9:09am   #387
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Re: cable break out of recent range (long)

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Originally Posted by Leia View Post
Order removed as price shot through stop level (fortunately without opening my order first!)
Price formed a shooting star candle on the daily time-frame
I will be watching for a long 'trigger' signal calendar around the 50% retracement level of yesterdays daily range (1.58 60 - 1.58 80), on the 4H and 1H time-frame
Attached Thumbnails
gpb-usd-d-trigger.gif   gpb-usd-4h.gif   gpb-usd-1h-zone.gif  

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Old Apr 5, 2012, 10:53am   #388
Joined Dec 2009
Re: cable break out of recent range (long)

Leia started this thread
Quote:
Originally Posted by Leia View Post
Price formed a shooting star candle on the daily time-frame
I will be watching for a long 'trigger' signal calendar around the 50% retracement level of yesterdays daily range (1.58 60 - 1.58 80), on the 4H and 1H time-frame
No entry and price has now broken the low of yesterday and invalidated the daily trigger candle (which was a hammer shape, not a shooting star!)
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Old Apr 24, 2012, 6:47am   #389
Joined Dec 2009
NZD USD daily range set up

Leia started this thread Daily and 4H time-frame trends are down

However the daily chart shows the pair trading with in the 0.80 50 - 0.83 20 range since the start of March, with recent resistance slightly higher @ 0.81 10

I have placed a counter-trend order:
Price is at the bottom of this range and has indicated rejection of lower prices and ascending daily trend line from November & December last year

The 4H chart has printed a shooting star type of candle formation allowing an entry trigger at 0.81 00 with a stop at 0.80 85 (15 pis risk) and a target at recent daily highs and the recent cross of the daily 20ema / 50sma / significant weekly chart Support / Resistance level of 0.82 20 (120 pips reward) R = 8

If my order should be opened, I will look to move my stop to break even if price closes above 0.81 20 (+20) on the 4H time-frame, being yesterdays low
Attached Thumbnails
nzd-usd-weekly-82.20-level.gif   nzd-usd-daliy-set-up.gif   nzd-usd-4h-trigger.gif  

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Old Apr 25, 2012, 10:11am   #390
Joined Dec 2009
EUR GBP short zone (4H)

Leia started this thread daily trend is short
4H trend is short
(monthly and weekly trends are also short although look over extended)

EUR GBP has just retraced into the 50% / 61.8% fib zone of the last 4H down swing
this also was a level of significant support on the daily and weekly time-frames

I am watching for any rejection of this level, or a little higher (the daily descending 20ema) to enter short...
Attached Thumbnails
eup-gbp-d.gif   eup-gbp-4h.gif  
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Old Apr 26, 2012, 7:40am   #391
Joined Dec 2009
Gbp cad

Leia started this thread daily and 4H trends are long
price has retraced 50 / 61.8% of the last 4H up swing and printed a 'hammer' type candle indicating rejection of lower prices at this time
the level 'rejected' has acted as support and resistance on the daily chart a few times this year
price has also retraced and 'rejected' lower prices in the daily ma's of 'dynamic support' "shadow" (between the 20ema & 50sma (red & blue respectively)

Order set to open at 1.58 70 (stop 1.58 20, -50pips risk) and target at recent daily highs of 1.60 00 (130pips reward). R=2 (if opened)
Attached Thumbnails
gbp-cad-daily.gif   gbp-cad-4h.gif  
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Old Apr 26, 2012, 7:51am   #392
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Re: EUR GBP short zone (4H)

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Originally Posted by Leia View Post
I am watching for any rejection of this level, or a little higher (the daily descending 20ema) to enter short...
As predicted, but no entry trigger candle printed on 41h or 1H tf so no trade unfortunately
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eur-gbp-4h-update.gif  
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