EUR USD long
Daily indicators are long (4 hourly short)
price has retraced 61.8% of previous down move on the daily time frame and printed a rejection candle (hammer) on the daily time frame
Weekly ascending trend-line potentially providing support to price at this level for a re test of the recent highs
I have placed an order long at 1.30 90 with a 100 pip stop at 1.29 90
Target 1 = R1 = 1.31 90
Target 2 = recent highs at 1.32 90 (+200 pips R=2)
Target 3 trailing stop behind four hourly swing highs to 1. 33 80
Daily indicators are long (4 hourly short)
price has retraced 61.8% of previous down move on the daily time frame and printed a rejection candle (hammer) on the daily time frame
Weekly ascending trend-line potentially providing support to price at this level for a re test of the recent highs
I have placed an order long at 1.30 90 with a 100 pip stop at 1.29 90
Target 1 = R1 = 1.31 90
Target 2 = recent highs at 1.32 90 (+200 pips R=2)
Target 3 trailing stop behind four hourly swing highs to 1. 33 80
Attachments
Last edited:
AUD USD long
very similar set up to EUR USD above, strong daily rejection candle with daily indicators and 4 hour aligned long
I have placed an order long at the 50% re-tracement level of Fridays candle, as this aligns very closely to the 4 hour 'hammer'-esque candle embedded in Fridays, allowing a tighter stop and associated de-risking of being able to move stops to break even if Fridays highs are achieved
Order long placed @ 1.04 50 with a 60pips risk @ 1.03 90
target 1 = R1 = 60 pips @ 1.05 10
target 2 = recent highs @ 1.05 80 (+130pips R2)
target 3 trailing stop behind 4 hour swing highs to 1.06 30
very similar set up to EUR USD above, strong daily rejection candle with daily indicators and 4 hour aligned long
I have placed an order long at the 50% re-tracement level of Fridays candle, as this aligns very closely to the 4 hour 'hammer'-esque candle embedded in Fridays, allowing a tighter stop and associated de-risking of being able to move stops to break even if Fridays highs are achieved
Order long placed @ 1.04 50 with a 60pips risk @ 1.03 90
target 1 = R1 = 60 pips @ 1.05 10
target 2 = recent highs @ 1.05 80 (+130pips R2)
target 3 trailing stop behind 4 hour swing highs to 1.06 30
Attachments
Re: EUR USD long
Trade opened R1 achieved & stops now at breakeven for remaining two parts
Trade opened R1 achieved & stops now at breakeven for remaining two parts
Re: eur short
Stop hit, closing all positions for this trade set up
Also long trade set up now live
Stop hit, closing all positions for this trade set up
Also long trade set up now live
Re: EUR USD long
Awaiting price action signals for a repeat down swing...
All targets achieved
Awaiting price action signals for a repeat down swing...
Attachments
AUD CAD long
Potential opportunity to add to long position (having already achieved R1 and moved second part of original trade to break even)
Price has retraced 50/61.8% of the last 4 hour down move and provided a reasonable candle to use as a trigger back into the long term trend
Order @ 1.03 85, stops 1.03 60 (risk 15pips)
target 1 @ R1 = +15pips = 1.04 00
target 2 = prev Hi @ 1.04 40 (+55pips, almost R4)
target 3 = trailing stop loss or 1.04 60 (major SR level)
If the order is triggered open and price moves in my favour, the stop on the second two positions will be moved to break even @ R1
Potential opportunity to add to long position (having already achieved R1 and moved second part of original trade to break even)
Price has retraced 50/61.8% of the last 4 hour down move and provided a reasonable candle to use as a trigger back into the long term trend
Order @ 1.03 85, stops 1.03 60 (risk 15pips)
target 1 @ R1 = +15pips = 1.04 00
target 2 = prev Hi @ 1.04 40 (+55pips, almost R4)
target 3 = trailing stop loss or 1.04 60 (major SR level)
If the order is triggered open and price moves in my favour, the stop on the second two positions will be moved to break even @ R1
Attachments
Re: eur gbp long
part 1 +35pips - total trade @120pips/2 = +60pips/45risk = R1.3
Target 2 achieved (+85pips)
part 1 +35pips - total trade @120pips/2 = +60pips/45risk = R1.3
Re: AUD CAD long
Original stop was -25pips, not -15 as stated
trailing stop on remaining original position moved up to 1.03 55 (locking in +25 pips)
T1 achieved @ 1.04 10 (+25pips), stops on other two parts to break even @ 1.30 85
Original stop was -25pips, not -15 as stated
trailing stop on remaining original position moved up to 1.03 55 (locking in +25 pips)
Attachments
Attachments
EUR JPY long
both my 4H and daily indicators are long
price has retraced into the 50 - 61.8% fib level of the last 4 hour up swing and
the daily candle just closed indicates rejection of lower prices at this time
previous daily resistance @ 116.40 on January 2nd could now be acting as support
I have placed an order long @ 117.40 with a 100pip stop loss @ 116.40
and three targets
R1 = +100 pips = 118.40
T2 = previous recent daily high @ 120.00 (+260pips, R2.5)
T3 = trailing stop to 123.00
both my 4H and daily indicators are long
price has retraced into the 50 - 61.8% fib level of the last 4 hour up swing and
the daily candle just closed indicates rejection of lower prices at this time
previous daily resistance @ 116.40 on January 2nd could now be acting as support
I have placed an order long @ 117.40 with a 100pip stop loss @ 116.40
and three targets
R1 = +100 pips = 118.40
T2 = previous recent daily high @ 120.00 (+260pips, R2.5)
T3 = trailing stop to 123.00
Attachments
USD CHF short trigger
a very large trigger candle has just been printed on the 4H time-frame indicating rejection of higher prices at this point in time
Price being 40pips away from the previous resistance round number level of 0.94 00
I have placed an order to short this market at 0.93 00 with a stop at 0.93 60 (risk -60pips)
R1 - target 1 @ +60 pips + .092 40
T2 = recent SR on daily chart @ .92 00 (+100 pips)
T3 = trailing stop to 2013 low at 90.00
a very large trigger candle has just been printed on the 4H time-frame indicating rejection of higher prices at this point in time
Price being 40pips away from the previous resistance round number level of 0.94 00
I have placed an order to short this market at 0.93 00 with a stop at 0.93 60 (risk -60pips)
R1 - target 1 @ +60 pips + .092 40
T2 = recent SR on daily chart @ .92 00 (+100 pips)
T3 = trailing stop to 2013 low at 90.00
Attachments
Attachments
Re: EUR JPY long
Order removed as price moved way past T2 without a re-tracement to trigger open my order
Order removed as price moved way past T2 without a re-tracement to trigger open my order
Attachments
Re: USD CHF short trigger
Daily candle on Friday 18th was of a reversal (shooting star) type, at the mentioned previous Support & Resistance level of 0.94 00
I placed an order to enter short Monday morning (screen shot to be posted later, as on another pc) at the 50% retracement of the daily candle @ 0.93 45
With a take profit target at the round 0.93 00
Level and stop at the days high of 0.93 90
The trade order was triggered overnight and also closed out the first position stops on the remaining two parts have been moved down to just above entry @ 0.93 55
Target 2 is the recent low of 0.92 20 (+125pips) R3 (nearly) and part 3 I will use a trailing stop or 0.91 10, which ever is hit first
Daily candle on Friday 18th was of a reversal (shooting star) type, at the mentioned previous Support & Resistance level of 0.94 00
I placed an order to enter short Monday morning (screen shot to be posted later, as on another pc) at the 50% retracement of the daily candle @ 0.93 45
With a take profit target at the round 0.93 00
Level and stop at the days high of 0.93 90
The trade order was triggered overnight and also closed out the first position stops on the remaining two parts have been moved down to just above entry @ 0.93 55
Target 2 is the recent low of 0.92 20 (+125pips) R3 (nearly) and part 3 I will use a trailing stop or 0.91 10, which ever is hit first
USD JPY long
Today's candle suggests rejection of lower prices and potentially a continuation of the strong up trend (I appreciate fundamentals suggest a continued range or deeper retrace) but I trade the technicals
I have placed an order to go long at about 50% back into today's candle @ 88.40
With a -60 pip stop @ 87.80
T1 = R- = +60pips @ 89.00
T2 @ recents highs @ 93.80
T3 trailing
Today's candle suggests rejection of lower prices and potentially a continuation of the strong up trend (I appreciate fundamentals suggest a continued range or deeper retrace) but I trade the technicals
I have placed an order to go long at about 50% back into today's candle @ 88.40
With a -60 pip stop @ 87.80
T1 = R- = +60pips @ 89.00
T2 @ recents highs @ 93.80
T3 trailing
