Seeking consistency

[Leia]

cable long

My daily and 4 hour indicators are short
However the last daily candle to close suggests rejection of lower prices at this time, closing above the previous swing low on the daily time-frame and support offered from the monthly ascending trend-line from May 2010, June 2012

I have place an order long around 50% back into yesterdays daily candle @ 1.56 20 with a stop below at 1.57 70 (-50pips)
T1 = R1 = 50 pips @ 1.56 70
T2 = recent daily highs @ 1.58 00 (+180pips, R3)
T3 = trailing stop loss to potential 1. 63 00

 

[Leia]

loonie short

similar to the cable trade posted above USD CAD trend indicators are long on both daily and 4 hour time-frames
However the daily chart has posted two candles indicating rejection of higher prices at this time (close to strong weekly Support / Resistance level) so I have placed a counter trend order short about 50% of the way back into these daily candles, with my stop just above the most recent daily highs
Order short @ 1.00 60, stop @ 1.01 00 (-40pips risk)
T1 = R1 = +40pips = 1.00 20
T2 - recent low @ 0.99 40 (+120pips R=3)
T3 - trialing stop to 0.98 30 (+230pips, R=5)

 

[Leia]

Re: cable long

My daily and 4 hour indicators are short
However the last daily candle to close suggests rejection of lower prices at this time, closing above the previous swing low on the daily time-frame and support offered from the monthly ascending trend-line from May 2010, June 2012

I have place an order long around 50% back into yesterdays daily candle @ 1.56 20 with a stop below at 1.57 70 (-50pips)
T1 = R1 = 50 pips @ 1.56 70
T2 = recent daily highs @ 1.58 00 (+180pips, R3)
T3 = trailing stop loss to potential 1. 63 00

Order opened and stop hit for full - 50 pips

 

[Leia]

AUD USD short

My indicators are short on both daily and 4 hour time frames
Price has retraced 50 / 61.8% of the previous 4 hour down swing and printed a candle indicating rejection of higher prices at this time on the 4 hour chart (shooting star type)
Confluent resistance with previous swing low on the daily time frame as well as potentially the third touch of a descending trend line on the daily time frame
I have placed an order to enter this pair short at 1.03 40 with a -40pip stop @ 1.03 80
T1 = R1 = +40pips @ 1.03 00
T2 = recent lows @ 1.02 50 (+90 pips R2)
T3 trailing stop to 1.01 50 (+190 pips R4)

 

[Leia]

Re: AUD JPY long

2nd part stopped out for NIL

+200 pips on last part (trialing stop hit)

 

[Leia]

Re: USD CHF long trigger

Stop hit on remaining parts

charts showing exit on trailing stop of short position and set up back long

 

[Leia]

Re: AUD USD short

I have placed an order to enter this pair short at 1.03 40 with a -40pip stop @ 1.03 80
T1 = R1 = +40pips @ 1.03 00
T2 = recent lows @ 1.02 50 (+90 pips R2)
T3 trailing stop to 1.01 50 (+190 pips R4)

T1 achieved, stops to break even on remaining positions

 

[Leia]

Re: loonie short

Order short @ 1.00 60, stop @ 1.01 00 (-40pips risk)
T1 = R1 = +40pips = 1.00 20
T2 - recent low @ 0.99 40 (+120pips R=3)
T3 - trialing stop to 0.98 30 (+230pips, R=5)

Stop hit for full 40pip loss

 

[Leia]

Re: AUD USD short

T1 achieved, stops to break even on remaining positions

Stops hit for NIL @ 1.03 40

 

[Leia]

Re: loonie short

Stop hit for full 40pip loss

(chart added)
and this is why you must have and adhere to your stops
not all trades work out - this was 'wrong' @ 1.00 60, some 200pips ago, but 'only' cost me 40pips

 

[Leia]

USD CHF long trigger

follow on from post #654 (long at 0.90 65)
both of my indicators are long
price has been ranging on the daily chart and is presently on its up leg
price has retraced 50/61.8% of its last 4hour up swing move and printed a 'trigger' format candle shape indicating rejection of lower prices at this time
Order to enter long @ 0.92 80 with a stop just below the 4H candle low @ 0.92 30 (risk of -50pips)
T1=R1=+50pips @ 0.93 30
T2 = recent daily highs @ 0.94 80 (+100 pips R=2)
T3 = trailing stop or 0.97 80 which ever is achieved first

 

[Leia]

Re: USD CHF long trigger

Order to enter long @ 0.92 80 with a stop just below the 4H candle low @ 0.92 30 (risk of -50pips)
T1=R1=+50pips @ 0.93 30
T2 = recent daily highs @ 0.94 80 (+100 pips R=2)
T3 = trailing stop or 0.97 80 which ever is achieved first

T1 achieved and remaining stop to breakeven

 

[Leia]

Re: USD CHF long trigger

T1 achieved and remaining stop to breakeven

stops hit for NIL, trade completely closed

 

[Leia]

GBP JPY long

I am ignoring my trend indicators for this trade
Price has retraced from the recent highs and the last three daily candles have indicated rejection of lower prices at this time (because of their 'wicks' or 'tails' which record that although price has been pushed down, it has always recovered before the close of the trading day)
This 'support' level is approximately that of the previous swing low on the daily chart that had experienced a very significant up swing until the recent period of consolidation

My trade order is @ 139.95 with a stop at 137.80 (-215pips)
T1 = R1 = +215pips @ 142.10
T2 at first potential resistance @ 144.00 (+400pips. almost R2)
T3 trialing stop to recent swing high @ 147.80 (+785pips if seen)

 

[Leia]

EUR NZD short order

daily indicator is short (4hour is flat)
price has retraced through (and rejected) 61.8% of the last 4 hour down swing and printed a daily candle indicating rejection of higher prices at this time

I have therefore placed an order to go short at 50% back into the 4 hour 'trigger' candle @ 1.58 80, with a stop above the high @ 1.59 40 (risk -60pips)
T1 = R1 = +60 pips @ 1.58 20
T2 = recent swing low @ 1.56 00 (+280pips, R4)
T3 = trailing stop to 1.54 50

 

[Leia]

Re: GBP JPY long

My trade order is @ 139.95 with a stop at 137.80 (-215pips)
T1 = R1 = +215pips @ 142.10
T2 at first potential resistance @ 144.00 (+400pips. almost R2)
T3 trialing stop to recent swing high @ 147.80 (+785pips if seen)

Target 1 and Target 2 achieved (+215pips, + 400pips) total R = 0.95, with remaining part @ breakeven

 

[Leia]

Re: EUR NZD short order

I have therefore placed an order to go short at 50% back into the 4 hour 'trigger' candle @ 1.58 80, with a stop above the high @ 1.59 40 (risk -60pips)
T1 = R1 = +60 pips @ 1.58 20
T2 = recent swing low @ 1.56 00 (+280pips, R4)
T3 = trailing stop to 1.54 50

Targets 1 & 2 achieved (+60pips, + 280pips) average R=1.9, with final part 'free trade'

 

[Leia]

Re: EUR NZD short order

Targets 1 & 2 achieved (+60pips, + 280pips) average R=1.9, with final part 'free trade'

Part 3 closed out @ Break Even (NIL pips)
looking for a 'double top' &/or price action to re-enter short

 

[Leia]

GBP USD counter trend (long)

The daily and 4 hour charts are both firmly indicating short

However the last few daily candles are indicative of a rejection of lower prices at this point in time

I have therefore placed an order to trade long (using a nicely constructed 4 hour candle) @ 1.49 15 with an 85pip stop @ 1.48 30
T1 = R1 = +85pips @ 1.50 00 (also a psychological level which may 'attract' price)
T2 @ recent swing high @ 1. 51 50 (R =2.7) also well below the very monthly strong support / potential resistance level that may also attract price @ 1.52 40
T3 trailing stop to an ambitious target of the next weekly Support / Resistance level @ 1.58 00

Because there is no obvious Support/Resistance at this level and this is obviously a higher risk Counter Trend Trade, I have reduced my trade size to 50%

 

[Leia]

Re: GBP USD counter trend (long)

I have therefore placed an order to trade long (using a nicely constructed 4 hour candle) @ 1.49 15 with an 85pip stop @ 1.48 30
T1 = R1 = +85pips @ 1.50 00 (also a psychological level which may 'attract' price)
T2 @ recent swing high @ 1. 51 50 (R =2.7) also well below the very monthly strong support / potential resistance level that may also attract price @ 1.52 40
T3 trailing stop to an ambitious target of the next weekly Support / Resistance level @ 1.58 00

T1 achieved & stops to BreakEven