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fxprocessor replied May 19, 2010I try to look for what other traders see and will help push price in the desired direction. Does not always work but it's my favoured style. Price action James 16 style is the essential ingredient though. cheers fxp
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fxprocessor replied May 19, 2010One last perspective. A bit of room before next TL hit. My target is also a clear point on the daily chart.
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fxprocessor replied May 19, 2010Hopefully you did not lose too much. You should not be trading real money if you have no strategy. Unless you enjoy gambling. Read my last post again please. Sorry if this is not helpfull but it is intended to be. I wish you well.
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fxprocessor replied May 19, 2010Also a trendline break. Target as per head and shoulders projection but with a little bit chopped off due to the swing high I highlighted. This takes it just below the next BRN. If I have a bit of luck and a following wind......
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fxprocessor replied May 19, 2010GBPJPY daily pin has formed at the 1.30 VBRN. The pin is not huge but I quite like the double bottom, A head and shoulders has also just broken to the upside and I have taken this early entry with stop below the right shoulder. As I am posting this ...
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fxprocessor replied May 19, 2010I hope you are not trading real money if you are asking these questions. If you want to learn how to trade then go to the first posts in this thread. When you have read the material open a demo account and learn how to trade price action. cheers fxp
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fxprocessor replied May 17, 2010Looks like cable is trying to close as a pin as well. It would take a close above 1.4500 for me to even think about it though.
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fxprocessor replied May 17, 2010EURUSD 30 min pin. — EURUSD gave a cheeky little pin this afternoon. I took a retrace entry after price broke the low of the pin and had a minor bounce off the small trendline on my chart. I was pretty confident price would break this ...
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fxprocessor replied May 12, 2010Good to hear it didn't catch your order. I am out at BE and having a decent enough month so it's all good :-)
james16 Chart Thread
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fxprocessor replied May 12, 2010Looking for the daily PPZ to protect my break even stop. 4 hr chart shows rtade management. I work during the day so BE stop is a good way forward.
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fxprocessor replied May 11, 2010Trade is now +45 pips. Stop loss moved to break even.
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fxprocessor replied May 11, 2010Yeah a valid comment. I did think about this but looked at the 4hr ib as a leading indicator as to where price wants to go. I am happy to let it do its thing now. If price breaks the PPZ my break even will be hidden behind the PPZ. I also trade ...
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fxprocessor replied May 11, 2010Now short off the 4 hr inside bar trigger. Time for sleep.....
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fxprocessor replied May 11, 2010Not too worried as I see these as zones. I am mainly focused on the VBRN.
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fxprocessor replied May 11, 2010I see a small dblhc on 4 hr. But will consider a break in either direction tho. If it does break I will consider a smaller than full bar stop if lower time frame PA gives me a hint.
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fxprocessor replied May 11, 2010AUDUSD I4B — AUDUSD I4B if we close inside the previous bar VBRN 150 ema

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fxprocessor replied May 10, 2010A wise choice while learning the material
Hope it goes well.james16 Chart Thread