Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the New Traders category; Originally Posted by Leia I have placed and order with the trend (against the bold 4H counter trend trigger candle) ...

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Old Aug 3, 2012, 11:29am   #457
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Default Re: AUD CAD long

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I have placed and order with the trend (against the bold 4H counter trend trigger candle) just above the previous daily swing high (resistance turns to support, perhaps) at 1.05 20 with a stop just below the lows at 1.04 90 (risk -30 pips) with a target one of 1.06 20 (+100pips) R=3 and a second target of the weekly swing high at 1.07 20 (+200 pips)
Order opened, price has moved to 1.05 50 (+30pips) and in line with plan stops are at break even.
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Old Aug 3, 2012, 12:01pm   #458
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Default Re: AUD USD short (counter trend)

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at 1.05 20 with a stop above at 1.05 80 (risk -60pips) and an initial target of 1.03 60 (reward 160) R=2.6. I have a secondary target of 1.03 00
Order has opened and is moving strongly up (with the trend, against my position) expect to be closed out for -60 pips imminently
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Old Aug 6, 2012, 2:41am   #459
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Default AUD NZD & EUR CHF and GBPJPY

Leia started this thread Five charts have printed 4H trigger candles overnight (during the Asian session) with the daily and 4H trends, but against strong weekly candles

The antipodean currencies against the euro (and swissie). The GBPJPY pair has also printed a trigger candle

As there are so many, I am setting orders on them all at 50% my usual stake (since EUR and CHF are often a 'mirror' entering a half position on each usually equates to a full stake on just one). I am also very aware of the weekly candles indicating a reversal in the recent euro weakness, but these all match my trading plan and so I am going to take them

Orders placed at 50% re-tracement of the 4H 'trigger' candles
Long AUD CHF 1.02 28 stop 1.02 00 (risk 28) target 1.05 00 (reward 272) R=10
Long NZD CHF 79.22, stop 79.00 (risk 22) target 81.00 (reward 177) R= 8
Short EUR AUD 1.17 43, stop 1.17 75 (risk 33), target 1.16 00 (reward 142) R=4
Short EUR NZD 1.51 63, stop 1.52 05 (risk 43), target 1.49 75 (reward 187) R=4
Short GBP JPY 122 .93, stop 123.20 (risk 23), target 120.00 (reward 292) R=11
Attached Thumbnails
gbp-jpy-weekly.gif   gbp-jpy-d.gif   gbp-jpy-4hour-trigger.gif  

nzd-chf-d.gif   nzd-chf-4h-trigger.gif   aud-chf-4h-trigger.gif  

eur-aud-d.gif   eur-aud-4h-trigger.gif   eur-nzd-weelky.gif  

eur-nzd-d.gif   eur-nzd-4h-trigger.gif  
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Old Aug 10, 2012, 9:37am   #460
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Default AUD USD long

Leia started this thread The counter trend trade at the start of the week did not work out despite the daily chart still looking over stretched (along way from its moving averages and ascending trend-line, around previous resistance) I have placed an order with the trend based on the last two four hour bars which are indicating a reluctance of price accepting lower levels at this point in time (hammer type candle shapes) at around the 50 61.8% re-tracement level of this weeks up move on the four hourly chart

Order entry at 1.05 30 with a stop at 1.04 90 (risk -40 pips) and a target of the next daily resistance around 1.06 30 (reward +100 pips) R=2.5
Attached Thumbnails
aud-usd-daily.gif   aud-usd-4h-trigger.gif  
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Old Aug 10, 2012, 12:04pm   #461
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Default Re: AUD USD long

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Order entry at 1.05 30 with a stop at 1.04 90 (risk -40 pips) and a target of the next daily resistance around 1.06 30 (reward +100 pips) R=2.5
Price has (just) seen 1.05 70 (+40) which was my risk value and so in line with my strategy I have moved my stop to break even @ 1.05 30
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Old Aug 11, 2012, 3:46am   #462
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Default Re: AUD CAD long

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Order opened, price has moved to 1.05 50 (+30pips) and in line with plan stops are at break even.
Stop hit. Trade closed for NIL
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Old Aug 11, 2012, 3:47am   #463
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Default Re: AUD USD short (counter trend)

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Order has opened and is moving strongly up (with the trend, against my position) expect to be closed out for -60 pips imminently
Stop reached. Trade closed for -60
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Old Aug 11, 2012, 3:53am   #464
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Default Re: AUD NZD & EUR CHF and GBPJPY

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Orders placed at 50% re-tracement of the 4H 'trigger' candles
Long AUD CHF 1.02 28 stop 1.02 00 (risk 28) target 1.05 00 (reward 272) R=10
Long NZD CHF 79.22, stop 79.00 (risk 22) target 81.00 (reward 177) R= 8
Short EUR AUD 1.17 43, stop 1.17 75 (risk 33), target 1.16 00 (reward 142) R=4
Short EUR NZD 1.51 63, stop 1.52 05 (risk 43), target 1.49 75 (reward 187) R=4
Short GBP JPY 122 .93, stop 123.20 (risk 23), target 120.00 (reward 292) R=11
NZD CHF trade opened and stop hit for -22 pips (50% position)
EUR NZD trade opened and stop hit for -43 pips (50% position)
GBP JPY trade opened and stop hit for -23 pips (50% position)
total loss -88 pips @ 50% position = -44pips
AUD CHF trade opened and stop moved to break even
(price has seen 1.04 60 = +230pips, just 40pips from an R10 target)
EUR AUD trade opened and stop moved to break even
(price has seen 1.16 10 = +130pips, just 10pips from an R4 target)
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