Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Lucky or unlucky? Euro has been weaker than aud today, trade gapped down on my chart and continued to fall ...

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Old Jun 21, 2010, 9:57pm   #81
Joined Dec 2009
Re: Eur aud

Leia started this thread Lucky or unlucky?

Euro has been weaker than aud today, trade gapped down on my chart and continued to fall (thats very lucky) to 0.004pips above my take profit (that is not quite so lucky!)

I have nothing to lose (stop was at break even before Fridays US close and I have just moved to todays high @ 1.41 50 which locks in 150 pips), so will leave the trade running and see what happens.

Thanks you very much pozzyp for your kind post

Quote:
Originally Posted by Leia View Post
The daily moving averages that I look at have just crossed to the short side, aligning them with the 4H trend

I have a trigger (shooting star) on the hourly chart at 61.8% retrace of the previous, admittedly relatively small 4H downward move

I entered the position yesterday and it has moved very little over night. There is no news today, so I am waiting to see how this pair close the week
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Old Jun 22, 2010, 11:26am   #82
Joined Dec 2009
Re: Eur aud

Leia started this thread
Quote:
Originally Posted by Leia View Post
Lucky or unlucky?
Very lucky!

Target hit @ 1.40 in the early hours of this morning
+300 pips
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Old Jun 22, 2010, 12:15pm   #83
Joined Dec 2009
Gpb cad / usd cad

Leia started this thread News due at mid-day (BST) for CAD

My GPB CAD offers the best potential opportunity as both my daily and 4Hourly time-frames are indicating down trends and the news release may present an entry opportunity to watch out for. However, there is a significant UK news release throughout this afternoon, so I am nervous about any GPB pair for the next 12 to 24 hours.

I shall check the GBP CAD and USD CAD charts early this afternoon, as the USD CAD, whist conflicting on the Daily time-frame (long) and 4Hourly (short) may still print an entry trigger for a short trade @around 1.02 50 to 1.02 75, where I have fib levels from last weeks high to yesterdays (new) lower low.

Christian @ Saxo has a 1.02 00 to 1.02 75 range today, looking for a long trade off 1.02.25 for 50pips. So we have similar levels but opposite perceptions of the direction to trade!


both charts are attached
Attached Thumbnails
usd-cad-22-jun.10.jpg   gbp-cad-22-jun.10.jpg  

Last edited by Leia; Jun 22, 2010 at 12:21pm. Reason: wrong days chart attached
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Old Jun 22, 2010, 2:10pm   #84
Joined Dec 2009
Re: Gpb cad / usd cad

Leia started this thread
Quote:
Originally Posted by Leia View Post
News due at mid-day (BST) for CAD
No trigger at the level I was hoping for (usd cad did rally to my lower entry level @ 1.02 50 and retreat quickly, but support @ the 1.02 00 level seems to still be holding

gbp cad didn't even rally to its 4H 20ema level, never mind the fib retracement I was looking for, before posting a low just below last weeks lowest level

So no entries for me on either pair at this time
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Old Jul 6, 2010, 9:16pm   #85
Joined Dec 2009
Aud usd

Leia started this thread I have a down trend on my Daily and 4Hourly charts

The 4H has retraced into resistance and printed a confirmed Lower High on the 1H chart

I have an order at .852 stop at .857 (-50) with a target of .832 second target .806

Let's see if it gets opened and then where it goes, no significant Aud news scheduled tonight
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Old Jul 7, 2010, 10:25pm   #86
Joined Dec 2009
Re: Aud usd

Leia started this thread [QUOTE=Leia;1176172]I have a down trend on my Daily and 4Hourly charts

The 4H has retraced into resistance and printed a confirmed Lower High on the 1H chart

I have an order at .852 stop at .857 (-50) with a target of .832 second target .806


Stop hit on this on the rally this afternoon, having woken up to the trade that had opened in the early hours of the morning and moved into profit
With hindsight I should have moved my stop to break-even then, but my aim was to hold and possibly add to the position.
Looking for some other opportunities now
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Old Jul 14, 2010, 9:15am   #87
Joined Dec 2009
Re: Gold - daily bull channel failed - what about the weekly one?

Leia started this thread
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Originally Posted by Leia View Post
I have been following gold up for a while as it has been holding in a channel. However, unless today sees a big recovery, my channel (4 hour & daily) has been broken

I have looked back in time and see that there is also a weekly channel, indicating an entry (long) in the next week or so at around 1130. Will it go that low & then 'bounce'?
On my weekly chart I have a hammer printed for last week, I have taken a small long position at 1200 (Monday evening) that is now at break even after yesterdays strong move.

The weekly hammer didn't touch my target level, with a low of 1185, but I like the weekly hammer candle indicating a rejection of lower prices and hope to be able to add to my position if the change in direction (ie back to long for gold) holds up
Attached Thumbnails
gold-12-july-10-set-up-weekly-.jpg   gold-12-july-10-trigger-1hour-.jpg  
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Old Jul 14, 2010, 9:34am   #88
Joined Dec 2009
eur usd bullish?

Leia started this thread My eur usd daily chart is long (by my indicators) as is the 4H

I am looking for entry triggers for a long trade on the lower time-frame charts today @ around 1.26 00 to 1.26 30 level (being fib retracements of yesterdays up move)

If I spot an entry (there is no euro news today, so perhaps US announcements @ 1:30 or 7:00 may offer something) my target is the next daily Support/Resistance level of 1.31 00 (Swing High May 10, Low of Apr 28th)

here's my 4H chart
Attached Thumbnails
eur-usd-14-jul.10.jpg  
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Old Jul 15, 2010, 9:25am   #89
Joined Dec 2009
usd cad entry set up

Leia started this thread My daily chart indicators have just turned to short, in alignment with the 4 hour ones

I have spotted a trigger short on the 1H time frame this morning, ideally I would have preferred a pull back to an entry at a higher price, but as there is no CAD news today and the first piece of major news is USD this afternoon I decided to take it.

Higher prices have been rejected at around this level for most of this week

lets see whether this trigger is valid or not

here's the 1H chart showing my trigger shooting star candle

Christian @ Saxo says 1.03 55 appears to be capping price for a move to 1.02 50, but if 1.03 55 is breached expect 1.04 60 as next resistance before the move down
Attached Thumbnails
usd-cad-15-jul.10.jpg  

Last edited by Leia; Jul 15, 2010 at 9:58am. Reason: added Saxo sentiment for the day
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Thanks! The following members like this post: pozzyp
Old Jul 15, 2010, 12:38pm   #90
Joined Feb 2010
Re: usd cad entry set up

Quote:
Originally Posted by Leia View Post
My daily chart indicators have just turned to short, in alignment with the 4 hour ones

I have spotted a trigger short on the 1H time frame this morning, ideally I would have preferred a pull back to an entry at a higher price, but as there is no CAD news today and the first piece of major news is USD this afternoon I decided to take it.

Higher prices have been rejected at around this level for most of this week

lets see whether this trigger is valid or not

here's the 1H chart showing my trigger shooting star candle

Christian @ Saxo says 1.03 55 appears to be capping price for a move to 1.02 50, but if 1.03 55 is breached expect 1.04 60 as next resistance before the move down
Nice chart,

I like to trade reversal bars off resistance like that aswell.
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