Seeking consistency

[Leia]

CAD JPY daily long trigger

My daily trend indicator is long, but 4 hour is short
Price has retraced over 61.8% of the previous daily up swing and printed a candle / bar of a 'hammer' type formation at previous daily Support / Resistance which has confluence with the support provided on the weekly time-frame ascending channel, indicating rejection of lower prices at this point in time

I have placed an order to enter the market long approximately 50% back into the daily candle @ 96.55 with a -60pip risk, stop @ 95.95
T1 = R1 = 97.15
T2 = just below most recent daily highs and the big 'psychological level' @ 99.95 (+340pips, R5)

 

[Leia]

Re: CAD JPY daily long trigger

I have placed an order to enter the market long approximately 50% back into the daily candle @ 96.55 with a -60pip risk, stop @ 95.95
T1 = R1 = 97.15
T2 = just below most recent daily highs and the big 'psychological level' @ 99.95 (+340pips, R5)

Unlike 24 Apr (post #713) price failed to move higher this time
My stop has been hit for a full loss (-60pips)

 

[Leia]

Re: AUD USD long trigger (counter trend)

I have placed an order to enter this market long @ 0.96 70 with a stop at 0.95 25 (-150 pips risk) and target at R1 0.98 20 and T2 at parity (being between the 50% and 61.8% re-tracement of the recent daily down swing) (R=2 if achieved)

Stop hit for full loss on both parts

 

[Leia]

Re: CAD JPY daily long trigger

Unlike 24 Apr (post #713) price failed to move higher this time
My stop has been hit for a full loss (-60pips)

So about 200pips lower and price has just hit a significant level on the weekly chart (previous resistance, between 50 & 61.8% re-tracement of the weekly up swing and printed a 4hour candle indicating rejection of lower prices at this time

The candle requires a massive stop of 170pips, so I have reduced the £/pip accordingly to reduce risk

I have placed an order (possibly too late already) to enter this pair long at 94.60, stop 92.90
My targets are R1 @ 96.30
T2 @ highs of 101.00 (640 pips R 3.7)

 

[Leia]

Re: CAD JPY daily long trigger

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I have placed an order (possibly too late already) to enter this pair long at 94.60, stop 92.90
My targets are R1 @ 96.30
T2 @ highs of 101.00 (640 pips R 3.7)

I have removed this order, as price has already moved to Target 1 @ 96.30 without retracing to my entry level (I was indeed, too late!)

 

[Leia]

Gbp Cad long trigger

Mondays candle indicates bullish strength

I've placed an order in anticipation of a retrace into this candle @ 1.58 40, with a 60pip risk, stop just below the candle low @ 1.57 80

Target 1 being 1xR @ 1.59 00 anT2 is the recent high @ 1.60 40 (R=3.3)

 

[Leia]

Re: Gbp Cad long trigger

Mondays candle indicates bullish strength

I've placed an order in anticipation of a retrace into this candle @ 1.58 40, with a 60pip risk, stop just below the candle low @ 1.57 80

Target 1 being 1xR @ 1.59 00 anT2 is the recent high @ 1.60 40 (R=3.3)

Order removed as price has passed T1 without retracement to my entry level

 

[Leia]

AUD USD short

I have placed an order to join the dominant aud downtrend at approximately 50% back into yesterday's daily candle @ 0.9520 with 60pips of risk @ 0.9580
T1= R1 +60pips @ 0.9460 and T2@ 3R @ 0.9340

 

[Leia]

Re: AUD USD short

I have placed an order to join the dominant aud downtrend at approximately 50% back into yesterday's daily candle @ 0.9520 with 60pips of risk @ 0.9580
T1= R1 +60pips @ 0.9460 and T2@ 3R @ 0.9340

Order opened
T1 achieved
Stop on remaining part to breakeven

 

[Leia]

Re: AUD USD short

Order opened
T1 achieved
Stop on remaining part to breakeven

Stop hit on part 2 for NIL

 

[Leia]

CAD JPY long. am I obsessed with this pair?

Daily candle indicates rejection of lower prices at this time
Daily and 4 hour indicators are all short, so this is now a counter trend trade

I've placed an order to go long at 94.00 with a -100pip risk , stop@. 93.00
T1 = R1 @ 95.00
T2 @ recent highs 97.00 (R3, if seen)

 

[Leia]

Re: CAD JPY long. am I obsessed with this pair?

Daily candle indicates rejection of lower prices at this time
Daily and 4 hour indicators are all short, so this is now a counter trend trade

I've placed an order to go long at 94.00 with a -100pip risk , stop@. 93.00
T1 = R1 @ 95.00
T2 @ recent highs 97.00 (R3, if seen)

Order opened and stop hit for full loss(both parts)

 

[Leia]

cable long

My daily time-frame indicators are long
price has retraced to (almost) 50% of the previous daily up move and printed a daily candle formation that shows rejection of lower prices at this time, I also notice a previous daily resistance level, which may have become support

Ive therefore placed an order to go long 50% back into yesterdays daily candle @
1.54 65, with a stop at 1.54 10 (-55pips risk), I have two targets
T1 = R1 @ 1.55 20
T2 @ 1.57 00 (just beneath the recent daily highs)

I recognise that immediate term momentum is definitely to the short side, following the reaction to the Fed announcement. However yesterday failed to convince me that USD strength was the new dominant trend

 

[Leia]

Re: cable long

1.54 65, with a stop at 1.54 10 (-55pips risk), I have two targets
T1 = R1 @ 1.55 20
T2 @ 1.57 00 (just beneath the recent daily highs)

Stop hit for full loss

 

[Leia]

AUD USD short

My daily & 4 hour indicators are short

Price has consolidated in a sideways channel on the 4 hour time-frame

I have placed a 'straddle' order short at the break of the range low, with a stop at the high of the range and targets of R1 & R2

Order entry 0.91 60, stop 0.92 60 (risk = -100pips)
T1 = R1 = +100pips @ 0.90 60
T2 = R2 = + 200pips @ 0.89 60

This is based on the break also demonstrating failure of a monthly time-frame ascending trend line and 61.8 & re-tracement of the last monthly up swing leg

 

[Leia]

Re: AUD USD short

My daily & 4 hour indicators
Order entry 0.91 60, stop 0.92 60 (risk = -100pips)
T1 = R1 = +100pips @ 0.90 60
T2 = R2 = + 200pips @ 0.89 60

Stops hit on both parts for full loss

 

[SlowlyButSurely]

Re: cable long

I recognise that immediate term momentum is definitely to the short side, following the reaction to the Fed announcement. However yesterday failed to convince me that USD strength was the new dominant trend

Hi, I would suggest always keeping fundamental news such as this in mind when taking longer time frames into consideration as I find that fundamentals start to play a big role.

I would say that the USD strength may continue for a while as its weakness was based on continued stimulus in the US. If the Fed begin to cut back on stimulus as the US economy improves and the ECB BOE and BOJ continue theirs then we could well see the trend continue.

Some may agree, some may argue, some may never use fundamentals or think it unimportant but this is my 2 cents and it has helped me thus far.

Cheers

 

[FringFX]

Definitely, keeping an eye on the fundamentals does prove beneficial (I am primarily a technician). Although often we lose track because of daily activities or market movements that tend to disrupt or confuse us.

 

[Leia]

usd jpy long trigger

following yesterdays strong break and close above the psychological 100.00 I have been searching for a 'trigger' to enter this pair long

I have seen a 4 hour 'doji' type candle @ previous 4 hour support which has served my requirement

Its a 70pip risk with T1 @ R1 of 100.60 and T2 just below the year high @ 103.50 (R6)
Great risk reward ratio for T2, assuming this weeks big announcement (NFP) doesn't stop me out

 

[Leia]

Re: usd jpy long trigger

Its a 70pip risk with T1 @ R1 of 100.60 and T2 just below the year high @ 103.50 (R6)
Great risk reward ratio for T2, assuming this weeks big announcement (NFP) doesn't stop me out

T1 achieved, stop to BE on remaining part (thanks NFP!)