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Aliassmith replied Apr 21, 2009I really liked that PB setup on USDCAD also. I was however turned away at first because of that 1.2300 staring at me. I have some time to consider it, but I think I will place a stop limit order below 1.23 a little. That way if it breakes the round ...
james16 Chart Thread
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Aliassmith replied Apr 20, 2009Got To Love PA + S/R + Fib + confluences. Anyways, +30 pips on first half and second at BE +10 up 140 pips. Since this range is getting narrow I will think about taking more profit out.
james16 Chart Thread
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Aliassmith replied Apr 20, 2009I have been thinking about this for awhile. I believe H&S, DHLC, DLHC, IB, and OB etc. at times can all be a PB from a combined timeframe point of view. I think these "patterns" help us identify some underlying PA without really understanding it.
james16 Chart Thread
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Aliassmith replied Apr 19, 2009I like what you are doing Karthik and I hope you keep posting your information. I currently follow You, James16, and BillyRayValentine. I believe Price Action and S/R is where the success can be found.
Trading using Murray Maths and Price Action
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Aliassmith replied Apr 19, 2009Jarroo: I knew this was your forte, but it looks like we have some opposition from LasVahGoose and Shermenator. Although I do have my first trouble spot long at the 1.2276 area which corresponds with the 1.2300 trend line Lasvahgoose shows
. I ...james16 Chart Thread
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Aliassmith replied Apr 18, 2009Hey Jarroo: I Have seen you and others group bars together to make PBs. Do you ever combine 3 bars such as the chart I am posting? (last 3 bars on the daily chart) There was a bounce from the 1.2000 level and bounce off of the 150 EMA and Now I am ...
james16 Chart Thread
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Aliassmith replied Apr 14, 2009It's good to ask questions. I just wanted you and others to know that it is a long process, BUT you really need to start from page #1 and work your way through. Everything is explained at least a few times. Trust me I hate reading for the most part, ...
james16 Chart Thread
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Aliassmith replied Apr 14, 2009PA is explained in the FIRST 100 pages or so
Starting here and asking what PA is, is like reading a book backwards. PA= Price Action james16 Chart Thread
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Aliassmith replied Apr 11, 2009Thanks for the indepth analysis Ghous. I'll note the double PA information you suggest. So IF this was to be traded, I was looking at the consolidation for a breakout. Your concern is there is currently no reliable PA trigger?
james16 Chart Thread
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Aliassmith replied Apr 11, 2009Interesting PA — Anyone keeping an eye on this interesting PA? at bar #1 we have a PIBAR at bar #2 we have an INSIDEBAR at bar #3 we have an OUTSIDEBAR at bar #4 we have an other INSIDEBAR These bars keep testing the 1.4600 area Bars #1 and #3 ...
james16 Chart Thread
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Aliassmith replied Apr 10, 2009Well from everything I read in this thread, trade management is a very important part of the process and also a personal one. I believe the taking profit with half and leaving the other half FREE is less of a math issue and more of a psychological ...
james16 Chart Thread
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Aliassmith replied Apr 10, 2009I see you found an additional S/R level at 149ish that I didn't have. That would surely make a difference for a long trade. Looks like a quick BE move to see if that 149.00 has power.
james16 Chart Thread
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Aliassmith replied Apr 10, 2009I'll be sure to post some when I figure out how to do it most efficiently
edit: looks like I figured it out. I am currently looking at the GBP/JPY inside bar on the daily. Looks like it needs to break resistance (long) at 148.58 then it has ...james16 Chart Thread
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Aliassmith replied Apr 10, 2009Hello All, I have been reading this thread for years off/on. I finally broke down and made a decision to be serious about practicing the material. So I first want to start off by saying THANKS to everyone that posts here. The sharing of ideas no ...
james16 Chart Thread
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Aliassmith replied Aug 3, 2008Thanks for the advise, but I believe that is a very narrow minded view of what can be achieved. If it works for you then by all means keep the faith.
AshFX Daily
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Aliassmith replied Aug 2, 2008I am asking from purely a realistic moneymanagement point of view, ie. 2% risk based on the stoploss and a 1:1 or beter risk/reward. I am also glad that Ash has shared this method.
AshFX Daily
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Aliassmith replied Aug 2, 2008What does "quietly" mean? He won't teach you? Currently that is what I am looking for, a method to make about 10% average return on investment per month. Does anyone believe ASHFX can make 10% a month. I see people say it makes a lot of pips, but ...
AshFX Daily
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Aliassmith replied Jun 24, 2008Thanks for your response. I guess when I am ready I'll get someone to program it for me. I just wanted to know if it was possible.
Script or EA?