To be fair, the 1.4550 is not what I would call major resistance but it has acted as support on the hourly before. Many times it will then flip and act as resistance. I don't play hourly (luckily...ha ha), but my analysis was more just my personal ...

james16 Chart Thread

I wouldn't take that one myself (which doesn't mean it is the right thing to do). Too small of a pin for my taste and you are coming back up to 1.0450, which may now act as resistance. This is just one persons opinion though, as I would prefer it ...

james16 Chart Thread

The first order would be one (1) order to sell 3 lots. If you then bought one (1) lot at your profit target (most put in a limit order vs. a market order if they have a preplanned exit point), you would be left with your remaining 2 lots (short). I ...

james16 Chart Thread

The charts don't work for me, but on Oanda at least if you have 3 lots short and you want to take profit on one lot you buy one lot and you are left with 2.

james16 Chart Thread

Intraday guys — You (intraday) guys are having all the fun, I am only watching three pairs that interest me right now but still waiting on price action to develop at levels of interest. I ended with a positive return for November (albeit ...

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Great Job Wamo.........I know the feeling. Keep up the great work and here is to a great December of trading! Nathan

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Daily Bar traders — Anyone else like me not excited by anything they are seeing yet on the dailies. Nothing jumps out at me right now to be honest. I will see how things look after the close today, but as of right now I don't see any orders I ...

james16 Chart Thread

Eur/Aud — Dan, I am getting impatient - please bring it down to 1.6105 if you don't mind....ha ha. Nathan

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The easiest way to explain it is you get the losing end of the order when buying or selling. If the spread is 5 pips and you are buying - let's assume the current prices are quoted 1.6800 and 1.6805 then you pay 1.6805. It is now time to sell and ...

james16 Chart Thread

Danku: It depends on your brokers spread, depending on that it would explain why your order was filled. For Gbp/Chf my spread is about 4 pips. Nathan

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Gbp/Chf — Stopped out at 1.6753. Entry was at 1.6874, took half at 1.6800 and the rest just now. This two day pin worked out perfectly and hit resistance right where you would expect.

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Ha ha........that is fine as well, my stop will below that area. Nathan

james16 Chart Thread

Nice trade....that is what I love about price action trading. You guys should pick up pips on the lower timeframes and I am waiting for my retracement entry to go long off of the weekly Buob. Please push it down to 1.6105 area if you don't mind..... ...

james16 Chart Thread

That is great Wamo.....I actually just moved my stop to just above 1.6850, as 1.6800 seems to be holding strong. Not a recommendation, as you have profit and nothing to lose at this point. Discipline is vastly underrated, if you continue to master ...

james16 Chart Thread

I first read that as "the last 2 days of beer..." I can tell it is Friday in my mind.

james16 Chart Thread

Myself I would prefer a retacement then price action pointing back south vs. fighting a big drop like this. Now that I just said that you can probably count on a 100 pip move north off of this pin.

james16 Chart Thread

Trading hindsight is easy to do..........you followed your plan so be proud of that!! What if the trade had reversed right after your TP target? You will find as many that would not have worked out as well, so don't sweat it Dan. Keep up the good ...

james16 Chart Thread

YES, because I am short this pair off the daily two day pin......... Nathan

james16 Chart Thread

Gbp/Chf — 2 day pin broke yesterday and into profit today. I have half locked in profit the rest at break-even. Will see how today closes and possibly hold half into next week. After my best month % return wise last month (8 months straight of ...

james16 Chart Thread

Things heating up fmy friends..... — Nzd/Usd We still have our monthly pin, forming a weekly beob and hitting the .7300 area as we speak. Let this break below and retrace back to that area this could be a short I hold for a very long time. As ...

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