cable, break through 1.60. 123 re-entry
Having been wrong about 1.60 level providing resistance, I have been looking for an entry long into this pair, such as a 123 on the 15 min
I did get an entry, saw my trade move into 20 pips profit (it had been 27 in loss at one stage of a 30 pip stop) so then moved my position to break even
The pair then went on to give me over 30 pips of profit (risk reward of 1), but then it retraced and hit my stop to take me out for break even
Having been wrong about 1.60 level providing resistance, I have been looking for an entry long into this pair, such as a 123 on the 15 min
I did get an entry, saw my trade move into 20 pips profit (it had been 27 in loss at one stage of a 30 pip stop) so then moved my position to break even
The pair then went on to give me over 30 pips of profit (risk reward of 1), but then it retraced and hit my stop to take me out for break even
Attachments
Re: cable, break through 1.60. 123 re-entry
I'd like to see a candle formation (shooting star, bullish engulfing) or double bottom on the 15m, 30m or 1H to get me long into this pair again
1.59 50 was resistance which may now become support, it is also between 50% & 61.8% fib retracement of this morning up move (all 1H chart) and in the 'shadow' bewteen the 1H 20ema (red dash) and 1H 50sma (blue dash)
I'd like to see a candle formation (shooting star, bullish engulfing) or double bottom on the 15m, 30m or 1H to get me long into this pair again
Attachments
Wed 19 Jan
My filter only took out 1 of my 12 pairs today
I have removed some others because they have made large moves in the asian session
I have selected 4 to watch from the potential reward if they retrace and then move back to their most recent 4H sw Hi / Lo
cable Long 1.60 to 1.60 80
euro Long 1.34 40 to 1.35
swissie Short .96 10 to .95 50
gbp jpy Long 128.90 to 129.50
I am aware (from yesterday) that I may not see any pull backs, but break outs, so I may have to take higher entry levels than those stated above
My filter only took out 1 of my 12 pairs today
I have removed some others because they have made large moves in the asian session
I have selected 4 to watch from the potential reward if they retrace and then move back to their most recent 4H sw Hi / Lo
cable Long 1.60 to 1.60 80
euro Long 1.34 40 to 1.35
swissie Short .96 10 to .95 50
gbp jpy Long 128.90 to 129.50
I am aware (from yesterday) that I may not see any pull backs, but break outs, so I may have to take higher entry levels than those stated above
Re: Wed 19 Jan
gbp jpy 131.55 for 132.40
G J has hit its level of 131.55, I am watching the 5M time frame for a candle that indicates a rejection of this level for a climb back up
I am aware of GBP news at 9:30am
to correct the above post, these are the correct levels (the values quoted are my eur chf ones, which I am not watching)
gbp jpy 131.55 for 132.40
G J has hit its level of 131.55, I am watching the 5M time frame for a candle that indicates a rejection of this level for a climb back up
I am aware of GBP news at 9:30am
Re: Wed 19 Jan
cable has printed a 5M candle indicating rejection of prices below 1.60 05
I have placed an order long @ 1.60 15 with a stop at 1.60 00 target is previousl recent 4H Sw Hi @ 1.60 60
risk = -15 pips, return = 45pips
cable has printed a 5M candle indicating rejection of prices below 1.60 05
I have placed an order long @ 1.60 15 with a stop at 1.60 00 target is previousl recent 4H Sw Hi @ 1.60 60
risk = -15 pips, return = 45pips
Attachments
Re: Wed 19 Jan
Too late for the London open (that should have been counter trend shorts down to my desired with trend entry levels) EUR USD retraced to around my target entry levels and posted two 15m s/star shape candles, so I have entered long, risk reward is bad (-40 for +30), but the rejection of the lower level was too tempting
Too late for the London open (that should have been counter trend shorts down to my desired with trend entry levels) EUR USD retraced to around my target entry levels and posted two 15m s/star shape candles, so I have entered long, risk reward is bad (-40 for +30), but the rejection of the lower level was too tempting
Attachments
Re: Wed 19 Jan
Stop to breakeven (saw +20 over entry level and have 5m candle Low posted above entry level)
Stop to breakeven (saw +20 over entry level and have 5m candle Low posted above entry level)
Re: Wed 19 Jan
New order entered @ smae level 1.34 75 stop -10 target +40 (good risk reward, target price is below the last 15m SW Hi)
New order entered @ smae level 1.34 75 stop -10 target +40 (good risk reward, target price is below the last 15m SW Hi)
Re: usd cad potential short entry
-25 risk, +80 target.
1H shooting star candle, if triggered
-25 risk, +80 target.
Attachments
Thursday 20 Jan
I have 8 out of 12 to watch from my initial filter
2 of the 8 I feel have already moved (aud jpy & eur gbp)
from the remainder I have chosen the 4 with the greatest potential Risk / Reward
euro Long 1.34 45 for 1.35 50 (1.34 25)
usd jpy Short 82.15 for 81.85 (82.20)
eur chf Long 1.28 65 for 1.29 95 (1.28 40)
eur jpy Long 110.50 for 111.15 (110.35)
it appears as though they have taken off earlier than me, lets see if we have a retrace in half an hour
I have 8 out of 12 to watch from my initial filter
2 of the 8 I feel have already moved (aud jpy & eur gbp)
from the remainder I have chosen the 4 with the greatest potential Risk / Reward
euro Long 1.34 45 for 1.35 50 (1.34 25)
usd jpy Short 82.15 for 81.85 (82.20)
eur chf Long 1.28 65 for 1.29 95 (1.28 40)
eur jpy Long 110.50 for 111.15 (110.35)
it appears as though they have taken off earlier than me, lets see if we have a retrace in half an hour
Re: Thursday 20 Jan
Retraced today and I took the euro long, only to have my stop hit @ 25, the actual sw Lo came in 7 lower at 18, and is currently @ 1.35, which would be +55!
Retraced today and I took the euro long, only to have my stop hit @ 25, the actual sw Lo came in 7 lower at 18, and is currently @ 1.35, which would be +55!
Friday 21 Jan London open
11 of my 12 pairs pass my initial filter this morning (all except for cable, which is ironicly a very popular London open pair)
I have removed 2 because I think they have all ready exhausted their potential (eur chf and nzd usd) and picked the four I believe have the greatest potential
eur Long 1.34 60 to 1.35 00 or 1.35 30 (1.34 45)
usd cad Long .99 65 to 1.00 00 / 1.00 30 (.99 50) - I have a short daily position set on yesterdays shooting star candle
usd chf Long .96 65 to .96 85 or higher (.96 55)
gbp jpy Long 131.90 to 132.50 (131.75)
11 of my 12 pairs pass my initial filter this morning (all except for cable, which is ironicly a very popular London open pair)
I have removed 2 because I think they have all ready exhausted their potential (eur chf and nzd usd) and picked the four I believe have the greatest potential
eur Long 1.34 60 to 1.35 00 or 1.35 30 (1.34 45)
usd cad Long .99 65 to 1.00 00 / 1.00 30 (.99 50) - I have a short daily position set on yesterdays shooting star candle
usd chf Long .96 65 to .96 85 or higher (.96 55)
gbp jpy Long 131.90 to 132.50 (131.75)
Re: Friday 21 Jan London open
-10 pips today, a bed finish to a bad week
I took the usd chf as it looked to have bottommed @ .96 65 I used a 10 pip stop which was hit
-10 pips today, a bed finish to a bad week
