Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia As I said, its contrary to my indicators, but if anyone is in this one, you ...

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Old Jul 30, 2010, 10:30am   #121
Joined Dec 2009
Re: ? gbp chf short ?

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Originally Posted by Leia View Post
As I said, its contrary to my indicators, but if anyone is in this one, you may like to consider moving your stop to break-even?
Time to take (some) profit? c250 pips 50% retrace
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Old Jul 30, 2010, 10:46am   #122
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nzd usd long trigger

Leia started this thread My daily and 4H indicators are long
price for this pair has retraced into the 50% to 61.8% level of its previous up wave
The last 4H candle printed was hammer like indicating rejection of lower prices
lets see if it rallies into the new month
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Old Jul 30, 2010, 1:05pm   #123
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Re: aud cad long

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lets see if the trade triggers, or if the pair retrace further into the last daily up swing wave
I have a 2 CAD positions open and in profit (slightly) at the moment (USD & AUD)
CAD news at 1:30 could swing against my trades so I have moved my stops to break-even, should this be the case I will be stopped out at no loss, if it turns out only to be a 'spike' then I will lose my potential gains too
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Old Jul 30, 2010, 3:40pm   #124
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Re: aud cad long

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Originally Posted by Leia View Post
I have a 2 CAD positions open and in profit (slightly) at the moment (USD & AUD)
CAD news at 1:30 could swing against my trades so I have moved my stops to break-even, should this be the case I will be stopped out at no loss, if it turns out only to be a 'spike' then I will lose my potential gains too
So let it be written, so let it be done!
'if it turns out only to be a 'spike' then I will lose my potential gains too'

I entered late, after the two shooting star triggers, at the red vertical line
before the news I was in profit and 'protected it' by moving my stop to BE (the thick black horizontal SR line)
The news hit my stop, fine. Now price has returned to its pre-news level and looks to be ready to continue downward!
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usd-cad-30-jul.10-update.jpg  
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Old Aug 2, 2010, 6:18am   #125
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Re: nzd usd long trigger

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lets see if it rallies into the new month
I have brought my stop to a break=even position, as price has moved in favour of this trade over the weekend
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Old Aug 9, 2010, 6:43am   #126
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Re: Gold - daily bull channel failed - what about the weekly one?

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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
Another trigger long on Gold, against my daily indicators but with the monthly, weekly 4H and H. I may be a week to late in noticing this though (entry is 1195 with a 40pips stop at 1155)
Here's my weekly chart
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Old Aug 9, 2010, 3:47pm   #127
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usd cad trigger

Leia started this thread My daily and hourly timeframe indicators are both short
The last 4H candle printed on my chart indicates a rejection of higher levels, so I am using it for a trigger short (target is to the bottom of my channel, around parity)
I'm short at 1.02 65 with a 55 pip risk stop just above my descending daily 20ema at 1.03 20

I noticed that Christian (@ Saxo) is a buyer today looking for a 1.20 10 entry to go up to 1.03 30, which if he is right will just stop me out!

Here's my 4H chart with trigger 'hammer' type candle highlighted. lets see what happens
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Old Aug 10, 2010, 7:33am   #128
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cad 10 aug - asian session trigger candles

Leia started this thread I have trigger candles (hammers) at reasonable reversal levels from the previous up swing on both my gbp cad and eur cad charts this morning, to get me into the up trend my indicators show me, on both the daily and 4H timeframes

However I am not entering them because I already have a cad position open against the usd, which has failed to move in the predicted direction

Here's my 4Hour charts (usd posted yesterday)
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eur-cad-10-aug.10-trigger.jpg   gbp-cad-10-aug.10-trigger.jpg  
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Old Aug 10, 2010, 7:35am   #129
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Re: usd cad trigger

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Originally Posted by Leia View Post
I noticed that Christian (@ Saxo) is a buyer today looking for a 1.20 10 entry to go up to 1.03 30, which if he is right will just stop me out!
Here's my 4H chart with trigger 'hammer' type candle highlighted. lets see what happens
Stop hit for -55 pips
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Old Aug 10, 2010, 6:33pm   #130
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3 triggers

Leia started this thread 3 of my charts printed 4H trigger candles at attractive levels, but I'm not taking any due to the imminent news release

It will be interesting to see if my 4H pull back strategy holds true for these, or if the news is going to push them back to their respective D20 ema levels (which I half expect for 'fundamental reasons') despite wanting to learn how to be a competent technical trader

Fortunately off out now so I will not be able to see the impact until the morning
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chf-jpy-10-aug.10-trigger.jpg   eur-usd-10-aug.10-trigger.jpg   gbp-jpy-10-aug.10-trigger.jpg  

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Old Aug 11, 2010, 11:34am   #131
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Re: 3 triggers

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Fortunately off out now so I will not be able to see the impact until the morning
What a good thing I was out, as I would have been tempted into two of these on the initial reaction, however I would have regretted it this morning when they would all have been stopped out. The corrections are looking much more substantial, although it will take a lot more risk adverse (essentially I mean dollar strenghening) to change my bullish daily indicators. Many of my 4hourly ones have turned around, but that can mean "heres an early indication of a trend change" or, look out for a great level to get into the Daily trend, before the 4H indicators reverse back"

just waiting & watching
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Old Aug 11, 2010, 5:26pm   #132
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aud usd - support from Daily 20 exponential moving average

Leia started this thread aud usd has retraced into my 50% 61.8% fib levels from its previous up move
my Daily indicators are long
I have a 1H hammer candle just printed, indicating a rejection of lower prices and that the daily 20ema is holding as support around this level

against this set up is the fact that my 4H ma's have crossed, indicating that I should be looking for short triggers!.

Here's the 1H trigger (which as I have it formatted appears to be right at the bottom!) and the 4H which gives a far better perspective of where price is compared to its history

Lets see if my 4H indicators are "right" or my Daily ones
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aud-usd-11-aug.10-trigger.jpg   aud-usd-11-aug.10-set-up.jpg  
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Old Aug 11, 2010, 9:22pm   #133
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Re: aud usd - support from Daily 20 exponential moving average

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Lets see if my 4H indicators are "right" or my Daily ones
4H wins
stop hit for -25 pips
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Old Aug 16, 2010, 7:58am   #134
Joined Dec 2009
gbp cad

Leia started this thread Bit late posting this one, as I have been stopped out

The entry criteria was valid with long indicators on both time framse, retrace of 50 / 61.8% and trigger candele (4H)

Stop hit -90 pips
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Old Aug 16, 2010, 8:05am   #135
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aud cad

Leia started this thread my Daily indicators are long , but 4H have turned short
I have a double bootom on my 4H timeframe (ie a 100% retrace) and support of the daily 20ema

I am taking the 4H trigger candle, if it can break the D20 sitting just above
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