Seeking consistency

Re: watch list for week commencing November 12th

2 trades opened this week
13 pairs on the list for this week, some are mid move on the 4 hour time-frame, making assessment of levels impossible at this point in time
short GBP USD need a swing low to print on 4 hour time-frame
no retrace
long USD CHF need sw hi
nice trigger, not taken, but it failed
short EUR USD need sw lo
2 X nice triggers, not taken, first failed second achieved at least R1
long USD CAD need sw hi
no retrace
long USD JPY (daily time-frame only) 79 30 ( 79 05) 79 55, 80 , 80 60
not taken, achieved both target, now at 81 30
long AUD USD 1.03. 0 (1.03 00) 1.03 60, 1.04 70
no trigger
short EUR NZD (in trade) see post # 576
see post # 580
short EUR AUD 1.23 60 (1.24 00) 1.23 20 (low stake as at daily support level)
no trigger
short GBP CAD 1.54 10 (1.55 00) 1.53 20, 1.52 70
flat week
[/I]long AUD CAD 1.03 70 (1.03 30) 1.04 10, 1.05 00
no trigger
long NZD CHF 77 00 (76 60) 77 40, 78 00 / 80 00
no trigger
long AUD CHF 97 60 (.97 00) .98 40, 1.01 00
pair moved lower
long AUD ZND 1.26 40 (1.25 80) 1.27 00, 1.2900
no trigger
short CAD CHF see post # 579
 
watch list for week commencing November 19th

I have 13 pairs with aligned indicators on daily and 4H time-frame at the moment
short GBP USD 1.59 30 ( 1.60 20) 1.58 40, 1.57 30
short EUR USD 1.27 60 (1.28 00) 1.27 20, 1.26 60
long USD JPY 80.30 (79.50) 81.10, 81.70, 84.20
long USD CAD 0.99 80 (0.99 50) 1.00 10, 1.00 80
short ZND USD 0.81 60 (82 00) 81 20, 79 50
long EUR JPY 102.40 ( 101.30) 103.50, 104.60
short GBP CHF 1.50 40 (1.50 80) 1.50 00, 1.49 40
long CAD JPY, need swing high on 4hour
long AUD JPY, need sw hi on 4h
long NZD JPY, need 4h sw hi
long CHF JPY 85.00 (84.40) 85.60, 86.30
short CAD CHF 0.94 25 (94 50) 94 00, 93 00 (see chart)
long AUD NZD 1.27 10 (1.26 70) 1.27 50, 1.29 00
 

Attachments

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Re: watch list for week commencing November 19th

order triggered and stop hit for all three positions (-25 pips)
having taken out my stop, here we are well on the way to Target 2
 

Attachments

  • cad chf 4h trigger - failed +on to t1.gif
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Re: watch list for week commencing November 19th

So, what happened?
short GBP USD 1.59 30 ( 1.60 20) 1.58 40, 1.57 30
4h X'd long before any trigger
short EUR USD 1.27 60 (1.28 00) 1.27 20, 1.26 60
4h X'd long before any trigger
long USD JPY 80.30 (79.50) 81.10, 81.70, 84.20
no pull back
long USD CAD 0.99 80 (0.99 50) 1.00 10, 1.00 80
4h X'd short before any trigger
short NZD USD 0.81 60 (82 00) 81 20, 79 50
4h X'd long before any trigger
long EUR JPY 102.40 ( 101.30) 103.50, 104.60
no pull back
short GBP CHF 1.50 40 (1.50 80) 1.50 00, 1.49 40
at 1.48 60, but no trigger
long CAD JPY, need swing high on 4hour
no pull back
long AUD JPY, need sw hi on 4h
no 4H swing high
long NZD JPY, need 4h sw hi
no pull back
long CHF JPY 85.00 (84.40) 85.60, 86.30
no pull back
short CAD CHF 0.94 25 (94 50) 94 00, 93 00 (see chart)
to .9340, but from .94 65, which was 15pips above my stop (see charts)
long AUD NZD 1.27 10 (1.26 70) 1.27 50, 1.29 00
4h X'd short
 
watch list for week commencing November 26th

13 pairs are on the list, but only three have any levels. The remainder need to print 4H swing highs/lows before fibs can be drawn to estimate potential entry zones to rejoin the dominant trend directions:

long USD JPY 82.00 (81 40) 82.80, 83.30, 84.10 see 4H chart for fib levels & MA's
long AUD USD wait for 4H Sw Hi
long EUR GBP wait for 4H Sw Hi
long EUR JPY wait for a 4h Sw Hi
long EUR CAD wait for 4h Sw Hi
short GP CHF wait for 4h Sw Lo
long CAD JPY wait for 4h Sw Hi
long AUD JPY wait for 4h Sw Hi
long CAD JPY 82.60 (82.00) 83.10, 83.60, 85.00
long GBP JPY 130.60 (130.00) 132.30, 133.50
long CHF JPY need 4h Sw Hi
long NZD CAD need 4h Sw Hi
short CAD CHF need 4h Sw Lo
 

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USD JPY long

Order 1 @ 82.15 (81.80) 82.40, 82.80
opened and stop hit for -35pips on all three parts

Order 2 @ 82.00 (stop 81.60) risk = -40pips
T1 = R1 = +40pips = 82.10 (achieved)
T2 = 83.00 (+100pips R=2.5)
T3 = trailing stop
stops moved to break even for parts 2 & 3
 

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EUR CAD long

Order @ 128.50, stop (128.00) risk =-50pips
T1 = R1 = +50pips = 129.00
T2 = 130.00 = +150pips R=3
T3 = trialing stop

Order opened and T1 achieved
stops to break even for parts 2 & 3
 

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  • eur cad daily.gif
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watch list for week commencing December 3rd

14 pairs have daily and 4hour indicators in alignment (2 are live trades from last week and 3 are still awaiting a 4H swing from which fib levels can be drawn to define the 'zone of interest' to look for price action 'triggers')
long USD JPY 82.00 (81.60) see post above
long AUD USD 1.04 20 (1.03 70) 1.04 70, 1.06 00
short GOLD 1730 (1735) 1705, 1675
long SILVER 32.90 (32.00) 34.30, 37.40
long EUR GBP 0.80 95 (0.80 80) 0.81 30, 0.81 60
long EUR NZD need 4G Sw Hi
long EUR JPY 106.80 (105.20) 107.60, 107.90
long EUR CAD need 4H Sw Hi (also see post above, re last weeks order still open)
short GBP CHF need 4H Sw Lo
long CAD JPY 82.70 (82.45) 83.30, 83.60
long AUD JPY 85.40 (85.20) 86.40, 87.70
long NZD JPY 67.40 (67.00) 67.90, 68.30
long GBP JPY 131.70 (130.40) 132.70, 133.40
long CHF JPY 88.70 (88.10) 89.35, 89.80
 
Re: USD JPY long

Order 2 @ 82.00 (stop 81.60) risk = -40pips
T1 = R1 = +40pips = 82.10 (achieved)
T2 = 83.00 (+100pips R=2.5)
T3 = trailing stop
stops moved to break even for parts 2 & 3
stops hit for Break Even on second two parts
 

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Last edited:
Re: EUR CAD long

Order @ 128.50, stop (128.00) risk =-50pips
T1 = R1 = +50pips = 129.00
T2 = 130.00 = +150pips R=3
T3 = trialing stop

Order opened and T1 achieved
stops to break even for parts 2 & 3
T2 achieved @130.00 (+150pips) R=3
 

Attachments

  • eur cad t2 hit (150pips r3).gif
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CAD JPY long trigger

Daily and 4hour indicators are long
Price has retraced 50/61.8% of the previous (last weeks) 4 hour up swing
the last 4H candle indicates rejection of lower prices at this point in time and a possible return to the dominant trends
I have placed a buy order @ 82.55, with a stop @ 82.25 (risk -30pips)
split into three parts as always
T1 = R1 = +30pips @ 82.85
T2 = recent highs @ 83.30 (+75pips, R2.5)
T3 = trailing stop (to 85.00)

I accept that the daily chart looks 'toppy' (a resistance level which could easily turn the pair short), however the criteria I have are all lined up, so I have placed the order.
Should it be triggered and price achieve T1, the stops on the other two parts will be moved up to a break even level
 

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  • cad jpy daily.gif
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Re: CAD JPY long trigger

I have placed a buy order @ 82.55, with a stop @ 82.25 (risk -30pips)
split into three parts as always
T1 = R1 = +30pips @ 82.85
T2 = recent highs @ 83.30 (+75pips, R2.5)
T3 = trailing stop (to 85.00)

Orders removed (as set up trigger invalidated before opening)
 

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EUR USD short (counter trend)

both daily and 4H indicators are long HOWEVER price is at significant (weekly) support and resistance level and has printed consecutive 'short' trigger candles o the 4hour time-frame

I have therefore place a counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows

As always, if my orders are opened and achieve T1, I will move stops on the remaining two positions to breakeven.

I am comfortable with the counter trend trades, as to re-enter the dominant 'long' trend I would be looking for price action trigger at around 1.30 00, which is lower than my T1 level
 

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  • eur usd 4h tigger.gif
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Re: EUR USD short (counter trend)

counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows

As always, if my orders are opened and achieve T1, I will move stops on the remaining two positions to breakeven.
Order opened and price moved to 1.30 50 (+40pips R1)
stops on remaining two parts moved down to breakeven
 

Attachments

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Re: EUR USD short (counter trend)

Order opened and price moved to 1.30 50 (+40pips R1)
stops on remaining two parts moved down to breakeven
Trailing stop (position 3) to 4H Swing High @ 1.29 75 (+75pips, almost 2R)
 

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Re: EUR USD short (counter trend)

I have therefore place a counter trend order short @
1.30 90, stop 1.31 30 (-risk -40pips)
T1 = R1 = +40pips @ 1.30 50
T2 = recent daily low @ 1.29 00
T3 = trailing stop behind four hour swing lows

T2 hit (+190 pips) R=4
 

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Enormous pin bar just formed on fiber, looking at the 30 minute chart. I am expecting a move upwards. (hoping) :)
 
Enormous pin bar just formed on fiber, looking at the 30 minute chart. I am expecting a move upwards. (hoping) :)
Hello Babymonkey

thank you for your post to my thread

I can see your 'trigger' candle for a long trade, should it open (chart attached). The level is a nice one from the daily 'hammer' low on November 28th (chart attached), although I do see a lot of overhead resistance on the shorter time-frame.

I am staying short with the final portion of my trade from 1.30 90 (trailing stop at 1.29 75), but you may be right - who knows, that's trading
 

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