Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia stop to breakeven at 1.00 20 to see what happens next Stop hit - trade close ...

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Old May 11, 2012, 6:29am   #400
Joined Dec 2009
Re: USD CAD daily short

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stop to breakeven at 1.00 20 to see what happens next
Stop hit - trade close for NIL (BE)
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Old May 11, 2012, 3:03pm   #401
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Re: USD CAD daily short

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Stop hit - trade close for NIL (BE)
New Order placed, same initial entry and stop
Opened, moved further into risk (-30 pips) before turning around and hitting R1 @ 0.99 75 so once more stop at break even to see what happens next
Attached Thumbnails
usd-cad-stop-breakeven-ii.gif   usd-cad-stop-breakeven.gif  
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Old May 21, 2012, 10:49am   #402
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Re: USD CAD daily short

Leia started this thread
Quote:
Originally Posted by Leia View Post
New Order placed, same initial entry and stop
Opened, moved further into risk (-30 pips) before turning around and hitting R1 @ 0.99 75 so once more stop at break even to see what happens next
this trade also hit R1 (and very nearly in my favour by R2), I moved my stop to break even and got stopped out for break even again
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Old May 21, 2012, 11:02am   #403
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GBP USD long (daily set up)

Leia started this thread my daily trend is long, but price is well below both moving averages and the 20ema has turned down, in time to cross the 50sma

my 4H trend is definitely short

However Fridays daily candle is of a 'hammer' type formation at previous support and could well indicate an over stretched market, offering a counter trend long trade back up to the moving averages and the previous support / resistance around the big 1.60 00 level

The range of Fridays candle is too large for me to risk, so I have placed a long order about half way back into Fridays range, with a stop below.
Entry 1.57 85, stop 1.57 30 (risk =55pips) target 1.60 00 (reward 215 pips) R=4

As always, should the order be met and price move in my favour, I will move my stop to break even at R1 (1.58 40)
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gbp-usd-daily-set-up.gif  
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Old May 22, 2012, 6:53am   #404
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Re: GBP USD long (daily set up)

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Quote:
Originally Posted by Leia View Post
Entry 1.57 85, stop 1.57 30 (risk =55pips) target 1.60 00 (reward 215 pips) R=4
- stop to break even at R1 (1.58 40)
My order was opened (by 8 pips!) lunch time yesterday and just made it to R1 @ 1.58 40 into the New York close last night. I have therefore moved my stop up to break even @ 1.57 85 this morning
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Old May 23, 2012, 5:54am   #405
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Re: GBP USD long (daily set up)

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My order was opened (by 8 pips!) lunch time yesterday and just made it to R1 @ 1.58 40 into the New York close last night. I have therefore moved my stop up to break even @ 1.57 85 this morning
Stop hit - trade closed for NIL
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Old May 24, 2012, 11:31am   #406
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EUR GBP short

Leia started this thread I placed an order short at the 'gap' from the market open two weeks ago also at 2008 resistance and 2010 support (ie looking to hold as resistance again)

it is with the monthly ,weekly and daily trend, but counter the 4H (trigger time-frame)

entry 0. 80 90, stop 0.81 20 (risk -30pips) target recent lows 0.79 50 (reward +140) R=4

however price broke down through my R1 level @ 0.80 60 before my order was triggered open so I have now cancelled it

Charts attached for my records
Attached Thumbnails
eur-gbp-monthly-support_resistance-level.gif   eur-gbp-4h-trigger.gif  
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