Seeking consistency

[Leia]

Re: GBP NZD short (counter trend)

order to sell at .98 00 with a stop above the last high of .98 40 (risk = 40) I have set 3 take profit levels, the first at R=1 (ie 40 pips) at .97 60)

The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even

 

[Leia]

watch list for week commencing September 3rd

17 charts to keep an eye on this week for pull backs and 'trigger' candles:

long EUR GOLD
long GOLD
long SILVER
long EUR NZD (1.55 60)
long EUR AUD (1.21 00)
long GBP NZD (1.97 00)
short NZD CAD
long CAD CHF
short AUD CHF
short NZD CHF
long AUD NZD
short USD CHF
long EUR USD (1.25 40)
short USD CAD
long GBP USD
short USD JPY

 

[Leia]

Re: Silver counter trend signal

Order has been triggered open and price has subsequently seen 30.54 (+36 pips) and so I have mover my stop to a breakeven position

price has retraced (having seen a risk / reward of +2) and hit my stop for Break Even

 

[Leia]

Re: GBP NZD short (counter trend)

The order has been opened and in a sudden moment of volatility has also seen price move to R1 (+40 pips) at 1.97 60. My first third has been closed out for +40 (13 pips really) and the stop for the remaining two trades moved to break even

Second and third parts closed out at break even on the weeks open

 

[Leia]

CAD CHF long

both my time-frame indicators are long (4 hourly only just)
price is below the moving averages, but may have 'double bottomed' on the daily time-frame at significant support

The 4 hour time-frame has printed a trigger candle at the end of last week, and I have placed an order to trade this trigger candle, should price retrace to it again over the next few days

Order long at 0.96 55, stop at 0.96 00 (risk -55pips)
I have split this trade into three parts, initial target is R=1 @ 0.97 10, second at previous daily highs 0.98 55 (+200 pips, R=3.5) and the third has no target which will be managed by a trailing stop. Should the trigger be the start of a more established upward swing, I will also be looking for opportunities to add to the position, if it an be managed 'risk free'

 

[Leia]

Re: CAD CHF long

Order long at 0.96 55, stop at 0.96 00 (risk -55pips)
I have split this trade into three parts, initial target is R=1 @ 0.97 10, second at previous daily highs 0.98 55 (+200 pips, R=3.5) and the third has no target which will be managed by a trailing stop.

Order has been triggered and after a small draw down (to .96 47, -8 pips) has achieved R1 (+55 pips) over night
I have now moved my stops on the second two parts to break even and the first part has closed for +55 (real value = +18 pips)

Price has now reached a level of potential stall, as it is the previous swing high on the daily time-frame aw well as the daily descending trend line

 

[Leia]

EUR NZD 4H retrace for long entry trigger

This pair is currently retracing into the last 4H up swing, so I am monitoring for any long 'trigger' candles (around 1.55 60, previous resistance)

 

[Leia]

GBP NZD 4 hour retrace

this pair is similar to eur nzd mentioned above (also on this weeks watch list) for 1.98 30

 

[Leia]

NZD CHF 4 hour retrace

with the NZD theme, this pair also is retracing into the previous 4 hour swing and I am monitoring for a short trigger candle around 0.76 40

 

[Leia]

AUD CHF 4 hour retrace

this pair is behaving similarly to NZD CHF above (watching for price action around 0.98 70)

 

[Leia]

GBP USD long (4h trigger)

daily and weekly trends are long

4h has just printed a trigger candle indicating rejection of lower prices at this time at 50 / 61.8% re-tracement of the last 4H up swing and support at the base of the daily ascending channel

I have placed a long order at 50% of this candle, initially targeting the present daily resistance level and the top of the daily ascending channel thereafter. There are three parts to this trade (if opened)

Open 1.58 45, Stop 1.58 20 (risk -25 pips) initial target 1.59 00 (+55), target 2 1.60 00 (+155 pips) and target 3 is open to be managed with a trailing stop

 

[Leia]

Re: CAD CHF long

Order has been triggered and after a small draw down (to .96 47, -8 pips) has achieved R1 (+55 pips) over night
I have now moved my stops on the second two parts to break even and the first part has closed for +55 (real value = +18 pips)

Price has now reached a level of potential stall, as it is the previous swing high on the daily time-frame as well as the daily descending trend line

Price has retraced and taken out my stop at break even on the other two positions
Its rather an imposing 4 hour bearish bar, but as the trend is still long on both time-frames, I'll continue to monitor for another buy opportunity

 

[Leia]

Re: CAD CHF long update

I'll continue to monitor for another buy opportunity

no trigger unfortunately, but price has moved higher

 

[Leia]

AUD and NZD JPY pairs short

The down trend channels for these two pairs were broken yesterday and reversals are well established on the lower time-frames
I have marked potential levels that could act as resistance to continue to the dominant down trend (unless this is the start of a full trend change). Lots of confluence
daily down swing 50% and 61.8% fib levels, previous resistance / support. moving average 'cross' point

AUD charts attached, but NZD looks very similar

 

[Leia]

Gold (and eur gold and silver) long

All three have daily and 4 hour trends indicating long
They have printed 4 hour swing highs (and daily reversal triggers), so I am watching the previous resistance levels for potential triggers back into the longer term up trend

Gold charts attached, euro gold and silver look very similar

 

[Leia]

eur usd long targets

Unfortunately my long entry (post #495)@ 1.24 90 was stopped out on a re-tracement. Nevertheless price is looking good for my secondary target @ 1.26 80 at the moment

I have identified a few target areas for longs, which might even offer some counter trend short opportunities, pending price action ' trigger' candles:

1.26 90 prev daily high 26June
1.27 50 prev weekly high 18June and top of ascending 'channel'
1.28 22 descending resistance line from April

 

[Leia]

EUR AUD long

daily and 4 hour trends aligned long
price retraced 50% of prev 4H up swing and printed trigger candle

order placed 1.22 60 with a stop at 1.22 30 (-30pips risk)
initial exit target = R1 +30 pips @ 1.22 90
second target @ prev daily highs 1.23 60 (+100 pips)
third target @ prev daily swing high 1.24 30 (+170 pips)

average of rewards +100 pips = R of 3.3 (assuming all targets are hit!

 

[Leia]

AUD JPY short trigger

daily and 4 hour trend is short
price has retraced 50/61.8% fib level of last 4H down swing to previous daily Support/Resistance level and printed a hour hour trigger candle suggesting rejection of higher prices at this time

Order short @ 81.50 with a stop above candle high 81.80 (-30pips risk)

3 part exit 1 at R1 =30pips = 81.20, 2 = recent daily low at 79.80 and 3 = weekly support level at 79.50. Average R (if all positions hit target = 3.7)

 

[Leia]

Re: EUR AUD long

daily and 4 hour trends aligned long
price retraced 50% of prev 4H up swing and printed trigger candle

order placed 1.22 60 with a stop at 1.22 30 (-30pips risk)
initial exit target = R1 +30 pips @ 1.22 90

Price didn't retrace into trigger candle and has now smashed through R1 level, so order has been removed

 

[Leia]

aud nzd short trigger

daily and 4 hour trends are indicating short
price has retraced 50/61.8% into the last 4H down swing and printed a 'trigger candle' indicating rejection of higher prices at this time

I have placed an order short @ 1.28 50 with a stop at 1.28 90 (risk -40 pips) and three targets, 1 at R1 = 1.28 10 (+40pips) 2 at recent daily low 1.27 40 (+110 pips) and 1 at weekly support 1. 26 80 (+170 pips)

overall 106 pips , so R= 2.65