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Trading Price Patterns

Discussion in 'Forex Trading Systems and Strategies' started by jamthetrader, Apr 23, 2010.

  1. jamthetrader

    jamthetrader Recruit

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    Making money trading doesn't have to be that hard! However, we as educated hard working people always want to make things much harder than they are. In this thread I will post some of my trades, discuss my system and how I add discretion to my system. Please share your experiences as well.

    In the first chart you will notice a break of a previous bottom on my 15 Range bar chart, that signaled me to start looking at my 5R for an entry signal to the downside., If the entry signal does not happen and this move is faded back up, then I continue to read the price action bar by bar until the next setup occurs.

    The second chart shows my entry price, first exit and news exit. This was good for a little over 35 pips.


    Jam The trader
     

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    • 5R.PNG
      5R.PNG
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  2. jamthetrader

    jamthetrader Recruit

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    Reversal on Higher Time frame

    Here is a reversal that I took after a trend line break then a confirmation pivot break. At that point I go to my 5R and look for an entry. You can add on all the way up with specific pullbacks



    JamTheTrader
     

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    • 5R2.PNG
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  3. jamthetrader

    jamthetrader Recruit

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    First trade this morning

    Triple bottom on the 15R, break of a trend line up, go to 5R and start looking for longs. Be careful of 50% retrace but looking to test the old top at 124.60

    Entered on a f-4 pullback.



    JamTheTrader
     

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    • 15R3.PNG
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    • 5R3.PNG
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  4. jamthetrader

    jamthetrader Recruit

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    Live trade in the room as well today

    JAM
     

    Attached Files:

    • 15R4.PNG
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    • 5R4.PNG
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  5. jamthetrader

    jamthetrader Recruit

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    Update

    Half off and close add ons at daily zone update!! We are still in one half of original position


    Jam
     

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  6. jamthetrader

    jamthetrader Recruit

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    Still in second half and moving up again, probably close to over, near a 15R double top.

    JAM
     

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  7. jamthetrader

    jamthetrader Recruit

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    Another good day. This is a lot of work trying to keep and trade, I will do my best.

    Jam
     

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  8. jamthetrader

    jamthetrader Recruit

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    Reversal entry

    BTW, anyone every listen to the new Skynyrd album, God and Guns?

    Just put it on 15minutes ago to trade with while my son handles the room. It is very good!!
     

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  9. jamthetrader

    jamthetrader Recruit

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    Still holding
     

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  10. jamthetrader

    jamthetrader Recruit

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    I do not add on to reversals until a new trend is confirmed in the higher time frame.

    Also, while I am in this reversal short, There is a strong possibility that it breaks the triangle up. if that happens, I will exit this and start looking for longs in the original trend direction.


    JAM
     

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