Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia I have placed a counter trend trade to enter the silver market short at 30.90 with ...

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Old Aug 30, 2012, 7:24am   #497
Joined Dec 2009
Re: Silver counter trend signal

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Originally Posted by Leia View Post
I have placed a counter trend trade to enter the silver market short at 30.90 with a stop above yesterdays high at 31.25 (risk - 35pips) and a target of the previous weekly resistance at 29.90 (reward +100pips) R=3
Order has been triggered open and price has subsequently seen 30.54 (+36 pips) and so I have mover my stop to a breakeven position
Attached Thumbnails
silver-4h-stop-.gif  
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Old Aug 30, 2012, 7:32am   #498
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Re: EUR USD 4H trigger long

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Trade opened and seen 1.25 20 (+30pips) so both stops to break-even
Price just failed (6pips) to make target 1. I am moving my stop up to what appears to be support on the 4 hour time-frame, just below yesterdays low at 1.25 10 (+20 pips on both positions)
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eur-usd-4h-trail-stop.gif  
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Old Aug 31, 2012, 7:50am   #499
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Re: EUR USD 4H trigger long

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Originally Posted by Leia View Post
Price just failed (6pips) to make target 1. I am moving my stop up to what appears to be support on the 4 hour time-frame, just below yesterdays low at 1.25 10 (+20 pips on both positions)
...and yes the stop has been hit, closing both parts for +20. The 'good' news is that had I not moved my stop up, I would have been taken out for NIL @ breakeven


I notice that I have an ascending trend-line (16-20 Aug, where 4hour trend 'crossed' to the up side) which co-insides with a 50% retrace of the whole of last weeks up swing around 1.24 40 (yellow box on chart attached), which may provide another support level for a potential long entry. Although I suspect if price does reach that level I will not be trading it because my 4 hour trend (moving averages) will be indicating lower prices (short trades)
Attached Thumbnails
eur-usd-4h-trail-stop-update.gif   eud-usd-long-out-t1-achieved-.gif  

Last edited by Leia; Aug 31, 2012 at 11:03am. Reason: second chart added (when original target was hit!)
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Old Aug 31, 2012, 8:53am   #500
Joined Dec 2009
GBP NZD short (counter trend)

Leia started this thread My daily and 4 hour indicators are long

Price has reached a significant (weekly) resistance level and has the potential to retrace over 100 pips without breaking the current uptrend

I suspect I have missed the opportunity now, but I have placed an order to sell at .98 00 with a stop above the last high of .98 40 (risk = 40) I have set 3 take profit levels, the first at R=1 (ie 40 pips) at .97 60, the second at the previous daily resistance (which may now act as support) which is also the 61.8% retrace level of the last 4H and daily up swing and the other has no take profit, as if price should move even lower, I will trail my stop behind the movement (and possibly add further positions to it)
Attached Thumbnails
gpb-nzd-weekly.gif   gpb-nzd-daily-1-.gif   gpb-nzd-daily-2-.gif  

gpb-nzd-4-hour.gif  
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Old Aug 31, 2012, 3:36pm   #501
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Re: GBP NZD short (counter trend)

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Originally Posted by Leia View Post
order to sell at .98 00 with a stop above the last high of .98 40 (risk = 40) I have set 3 take profit levels, the first at R=1 (ie 40 pips) at .97 60)
The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even
Attached Thumbnails
gbp-nzd-trade-open-r1-hit.gif  

Last edited by Leia; Aug 31, 2012 at 3:39pm. Reason: 4got chart
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Old Sep 1, 2012, 1:56pm   #502
Joined Dec 2009
watch list for week commencing September 3rd

Leia started this thread 17 charts to keep an eye on this week for pull backs and 'trigger' candles:

long EUR GOLD
long GOLD
long SILVER
long EUR NZD (1.55 60)
long EUR AUD (1.21 00)
long GBP NZD (1.97 00)
short NZD CAD
long CAD CHF
short AUD CHF
short NZD CHF
long AUD NZD
short USD CHF
long EUR USD (1.25 40)
short USD CAD
long GBP USD
short USD JPY
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Old Sep 2, 2012, 7:28am   #503
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Re: Silver counter trend signal

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Originally Posted by Leia View Post
Order has been triggered open and price has subsequently seen 30.54 (+36 pips) and so I have mover my stop to a breakeven position
price has retraced (having seen a risk / reward of +2) and hit my stop for Break Even
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silver-out-.gif  
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Old Sep 3, 2012, 6:07am   #504
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Re: GBP NZD short (counter trend)

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Originally Posted by Leia View Post
The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even
Second and third parts closed out at break even on the weeks open
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gbp-nzd-closed-.gif  
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