nzd usd long trigger
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
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
Attachments
Re: aud cad long
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
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
Re: aud cad long
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!
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!
Attachments
Re: nzd usd long trigger
I have brought my stop to a break=even position, as price has moved in favour of this trade over the weekend
I have brought my stop to a break=even position, as price has moved in favour of this trade over the weekend
Re: Gold - daily bull channel failed - what about the weekly one?
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
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
Attachments
usd cad trigger
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
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
Attachments
cad 10 aug - asian session trigger candles
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)
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)
Attachments
3 triggers
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
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
Attachments
Re: 3 triggers
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
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
aud usd - support from Daily 20 exponential moving average
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
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
Attachments
Re: aud usd - support from Daily 20 exponential moving average
4H wins
stop hit for -25 pips
4H wins
stop hit for -25 pips
Re: aud cad
Order opened with the Market movement around the US open .I have moved my stop to breakeven ahead of the Asian session
Order opened with the Market movement around the US open .I have moved my stop to breakeven ahead of the Asian session
Re: Gold - daily bull channel failed - what about the weekly one?
Stop moved to break even (1195)
Stop moved to break even (1195)
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aud usd - Daily long?
My 4H indictor is in conflict with the daily (D is still long)
I have hammer type candles on both my 4H and D timeframes, indicating rejection of lower prices @ around 61.8% of the previous up wave
Price is presently trading below a descending 20ema and arguably has pulled back into the 4H 20ema /50sma zone for a short position
I am taking the contrary position, looking to the daily to hold for a long position back up to the recent highs of 92 (possible 300 pips away for a 60 pip stop loss)
lets see if my order is opened and then if the 4H trend is dominate, or if that reverses to support the long trade with the daily indicators
My 4H trigger hammer (highlighted) and D set up hammer are attached
My 4H indictor is in conflict with the daily (D is still long)
I have hammer type candles on both my 4H and D timeframes, indicating rejection of lower prices @ around 61.8% of the previous up wave
Price is presently trading below a descending 20ema and arguably has pulled back into the 4H 20ema /50sma zone for a short position
I am taking the contrary position, looking to the daily to hold for a long position back up to the recent highs of 92 (possible 300 pips away for a 60 pip stop loss)
lets see if my order is opened and then if the 4H trend is dominate, or if that reverses to support the long trade with the daily indicators
My 4H trigger hammer (highlighted) and D set up hammer are attached
