Seeking consistency

Leia

Active member
Dec 17, 2009
788
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EUR NZD short (daily)

The EUR NZD has printed a 'shooting star' shaped candle on the daily time-frame indicating rejection of a previous daily swing high level (potential double top)
I have placed an order at about 50% into this candle @ 1.61 50 with a stop just above the high @ 1.62 40 (90pip risk)
Target 1 = R1 - +90 pips = 1. 60 60
Target 2 = recent swing low @ 1. 58 00 (+350 pips R3.5)
T3 = trailing stop to 1. 55 50
 

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Leia

Active member
Dec 17, 2009
788
4
28
Re: EUR NZD short (daily)

The EUR NZD has printed a 'shooting star' shaped candle on the daily time-frame indicating rejection of a previous daily swing high level (potential double top)
I have placed an order at about 50% into this candle @ 1.61 50 with a stop just above the high @ 1.62 40 (90pip risk)
Target 1 = R1 - +90 pips = 1. 60 60
Target 2 = recent swing low @ 1. 58 00 (+350 pips R3.5)
T3 = trailing stop to 1. 55 50
Order opened and stops hit (for -90 pips)
 

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Last edited:

Leia

Active member
Dec 17, 2009
788
4
28
AUD CAD long

Daily and 4hour indicators are long
Price has retraced 50 / 61.8% of the last 4 hour up swing
price actions (the last 4 hour candle) indicates rejection of lower prices at this time, potential daily swing high level resistance now acting as support

I have entered an order to go long on this pair @ 1.04 70 with a -40pip stop @ 1.04 30
T1 = R1 = 40pips @ 1.05 10
T2 = recent daily highs @ 1.05 35
T3 = trailing stop, to 1.07 70
 

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Leia

Active member
Dec 17, 2009
788
4
28
Re: AUD CAD long

I have entered an order to go long on this pair @ 1.04 70 with a -40pip stop @ 1.04 30
T1 = R1 = 40pips @ 1.05 10
T2 = recent daily highs @ 1.05 35
T3 = trailing stop, to 1.07 70
Order removed. 4 hour trigger invalidated and daily candle closed bearish formation
next level of interest for a potential long is 1.03 70
 

Leia

Active member
Dec 17, 2009
788
4
28
USD CHF long trigger

Whilst still managing my trailing stop on my short position, the last daily candle closed at an obvious Support/Resistance level (12 pips higher then my ultimate short target) making a reversal pattern (hammer)

So as well as still being short this pair, I have entered an order long 50% back into Fridays daily bar (which is closely aligned to the 4 hour 'hammer' bar printed Friday, embedded into the daily bar)

Long @ 0.90 65 with a stop just below the candle bar low @ 0.90 20 (risk -45 pips)
Target 1 = R1 = +45 pips @ 0.91 10
Target 2 = recent highs @ 0.93 65 (+300pips, R6)
Target 2 trail stop or to 0.99 65
 

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Leia

Active member
Dec 17, 2009
788
4
28
Re: USD CHF long trigger

Leia Long @ 0.90 65 with a stop just below the candle bar low @ 0.90 20 (risk -45 pips) Target 1 = R1 = +45 pips @ 0.91 10 Target 2 = recent highs @ 0.93 65 (+300pips said:
Trade has triggered open and T1 has been hit @ 0.91 10
Stops on remaining parts have been moved to break even @ 0.90 65