Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia Order placed long @ 101.50 with a stop at 101.10 (risk -40pips), split equally into three ...

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Old Oct 9, 2012, 10:51am   #551
Joined Dec 2009
Re: EUR JPY long

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Quote:
Originally Posted by Leia View Post
Order placed long @ 101.50 with a stop at 101.10 (risk -40pips), split equally into three parts
part 1 target = R1 +40 pips = 101.90
part 2 target = previous swing high @ 102.80 (+130pips R3)
part 3 trailing stop (behind fur hourly swing highs)
only achieve +15 pips. before strong reversal and break out of the overnight (Asian) range to hit stops for -40 pips
Attached Thumbnails
eur-jpy-4-hour.gif   eur-usd-4-hour.gif  

Last edited by Leia; Oct 9, 2012 at 10:53am. Reason: forgot to add charts
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Old Oct 9, 2012, 10:55am   #552
Joined Dec 2009
Re: EUR USD long

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Originally Posted by Leia View Post
and another EUR pair showing the same trade order criteria

long at 1.29 75, stop at 1.29 35 (risk -40 pips)
target 1 = R1 = 40pips at 1.30 15
target 2 = recent swing high at 1.30 70 (+95 pips R2)
target 3 = trailing stop
saw +33 pips (7 away from target 1) before sharp reversal taking all three positions out
Attached Thumbnails
eur-jpy-4-hour.gif   eur-usd-4-hour.gif  
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Old Oct 11, 2012, 10:19am   #553
Joined Dec 2009
USD CAD short

Leia started this thread Both my daily and 4 hour indicators are short
Price has retraced 50/61.8% of the previous (weeks) 4 hourly down swing
The last 4 hourly candle of the Asian / overnight session is bearish and a trigger candle (bearish engulfing type formation)

Entry 0.98 05, stop @ 0.98 35 (risk -30pips) three targets
target 1 = R1 =30 pips = .97 75
target 2 recent swing low .97 35 (+70pips)
target 3 next swing low .96 35 (+170pips)

Should my order be opened, move in my favour and hit target 1, the stop on the other two positions will be moved to break even and trailed at 4 hour swing highs until stopped out or target levels achieved
Attached Thumbnails
usd-cad-daily.gif   usd-cad-4-hour.gif  
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Old Oct 12, 2012, 2:09pm   #554
Joined Dec 2009
aud cad short

Leia started this thread both time frames are short
daily trigger candle at 50% retrace of last 4H swing (confusing I know, the level is acceptable based on the 4 hourly fib re-tracement, the trigger candle is on the daily time-frame)

Order placed (and now opened, this post is a little late) @ 1.00 50 with a stop at the high of the trigger candle @ 1.01 00 (risk -50pips)
part 1 target R1 +5 pips at 1.00 00
part 2 @ swing low 0.99 30 (+120pips, R2)
part 3 @ weekly low 0.96 50
as always, should price touch target 1 the stops on parts 2 & 3 will be moved to a break even level and then trailed behind 4hourly swing highs until taken out or respective targets achieved
Should this be the start of a longer term move downward, I will of course look to re-enter, even if part3 is still open
Attached Thumbnails
aud-cad-daily.gif   aud-cad-4-h.gif  
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Old Oct 14, 2012, 12:40pm   #555
Joined Dec 2009
watch list for week commencing October 15th

Leia started this thread Only 8 pairs are presently aligned on the 4 hour and daily time-frames using my indicators
short USD CHF 93.20 (94.40) 93.00, 92.70, 90.50
short USD CAD 98.20 (98.40) 98.00, 97.35, 96.30
long EUR GBP 80.20 (80.00) 80.40, 81.00, 82.20
long EUR NZD 1.57 00 (1.56 50) 1.57 50, 1.59 70, 1.63 50
long GBP NZD 1.95 70 (1.95 25) 1.96 00, 1.97 90, 2.00 00
long CAD JPY 79.90 (79.35) 80.35, 81.40, 83.00
short AUD CAD (see previous post)
short NZD CHF 76.90 (77.00) 76.70, 75.80, 71.00
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Old Oct 14, 2012, 12:50pm   #556
Joined Dec 2009
watch list for week commencing October 8th

Leia started this thread I didn't post this last week end (I had written it out) there were 18 pairs to watch, most of which didn't offer any triggers at the target levels, or produced triggers which were invalidated prior to order opening, or did open and failed

A brief summary of some of the pairs I had down to watch:
EUR USD, EUR CAD & EUR JPY trades were posted
NZD and AUD vs CHF did post valid triggers, but I failed to take them (and the trades subsequently failed)

USD CAD offered a trigger of sorts at a level of interest, which I have taken, but has not yet been opened

GBP NZD printed three triggers, all of which I have failed to act on, although the pair remains on my watch list for the up coming week
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Old Oct 21, 2012, 9:45am   #557
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Re: aud cad short

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Quote:
Originally Posted by Leia View Post
Order placed (and now opened, this post is a little late) @ 1.00 50 with a stop at the high of the trigger candle @ 1.01 00 (risk -50pips)
part 1 target R1 +5 pips at 1.00 00
part 2 @ swing low 0.99 30 (+120pips, R2)
part 3 @ weekly low 0.96 50
Trade opened and failed for full loss (-50pips) on each third of the position
I am confident that it was a set up fully aligned with my strategy which I correctly executed.
However the result was that it lost
Had I not had my hard stop in place I would now be sitting on a much larger loss as price has moved over 150pips against my set up!
Attached Thumbnails
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Old Oct 21, 2012, 9:55am   #558
Joined Dec 2009
Re: USD CAD short

Leia started this thread
Quote:
Originally Posted by Leia View Post
Entry 0.98 05, stop @ 0.98 35 (risk -30pips) three targets
target 1 = R1 =30 pips = .97 75
target 2 recent swing low .97 35 (+70pips)
target 3 next swing low .96 35 (+170pips)
Should my order be opened, move in my favour and hit target 1, the stop on the other two positions will be moved to break even and trailed at 4 hour swing highs until stopped out or target levels achieved
Order opened and target 1 achieved (+30pips, first third)
However price then reversed and took out the second two positions for a full loss (making this trade an over all loser of -30pips (1 X +30)-(2 X -30)) purely down to poor trade management, failing to follow the plan, as stated for this trade in the original post. As I should have moved my stop to breakeven on the second two positions and thus achieved breakeven exits for those parts and a net +30 pips on the first third, making this a small winner (net +10pips)
Appalling elementary trade mis-management allowing a winning trade to become a loser
Never the less, my hard stop did prevent an even worse situation arising, as price has moved 150pips against my opening position
Attached Thumbnails
usd-cad-t1-only.gif  
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Old Oct 21, 2012, 10:17am   #559
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Re: watch list for week commencing October 15th

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Quote:
Originally Posted by Leia View Post
Only 8 pairs are presently aligned on the 4 hour and daily time-frames using my indicators
short USD CHF 93.20 (94.40) 93.00, 92.70, 90.50
worked (potential +100pips), failed to take trigger presented

short USD CAD 98.20 (98.40) 98.00, 97.35, 96.30
traded (see above, re poor trade management resulting in unnecessary loss)

long EUR GBP 80.20 (80.00) 80.40, 81.00, 82.20
worked (potential +70pips), failed to take trigger presented

long EUR NZD 1.57 00 (1.56 50) 1.57 50, 1.59 70, 1.63 50
worked, no trigger presented

long GBP NZD 1.95 70 (1.95 25) 1.96 00, 1.97 90, 2.00 00
failed (not taken)

long CAD JPY 79.90 (79.35) 80.35, 81.40, 83.00
no trigger presented

short AUD CAD (see previous post)
failed (order and trade management per plan)

short NZD CHF 76.90 (77.00) 76.70, 75.80, 71.00
worked (+100pips) failed to take trigger
I have inserted against each original entry the resultant position.
The mix of potential results clearly shows the high expectation rate of my strategy, if I actually traded every set up as it appeared and managed each order according to my rules!
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Old Oct 21, 2012, 1:22pm   #560
Joined Dec 2009
watch list for week commencing October 22nd

Leia started this thread I have 19 pairs on next weeks watch list (indicators consistent on Daily and 4 hour time frames at the moment)

short USD CHF 93 05 (93 65) 92 15, 90 50, 89 30
long EUR USD 1.29 90 (1.28 90) 1.31 35, 1.32 75, 1.35 00
long GBP USD 1.59 80 (1.59 10) 1.61 70, 1.63 00, 1.66 00
long USD JPY 79.00 (78.60) 79.65, 80.60
long NZD USD 81 50 (81 10) 81 10, 82 20, 83 50
all of the above are indicating US dollar weakness and 'risk' on, which is far from the fundamental sentiment at the present time
long EUR GBP 80 95 (80 40) 81 40, 81 60, 82 20
long EUR NZD 1.59 35 (1.59 00) 1.60 50, 1.63 00, 1.65 00 (at level now, need trigger)
long EUR AUD 1.26 15 (1.25 90) 1.27 30, 1.28 20, 1.30 00
long EUR JPY 1.02 20 (1.02 40) 1.04 10, 1.06 50
long EUR CAD - need a swing high on the 4hour chart
long GBP CHF - need a swing high on the 4hour chart
long GBP CAD 1.58 10 ( 1.57 30) 1.59 45, 1.59 85, 1.60 80
long NZD JPY 64 50 (63 95) 65 20, 69 00
long GBP JPY 1.26 50 ( 1.25 50) 1.28 20, 1.30 00, 1.31 70
long CHF JPY 84.80 (84.20) 86.10, 87.60
long NZD CAD - need a swing high on the 4hour chart
short CAD CHF - need a swing low on the 4hour chart
short NZD CHF 76 00 (76 60) 75 30, 74 70, 73 00
short AUD CHF 96 35 (96 60) 95 00, 94 40, 93 30
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