Multiple price action setups

This thread is for everyone to learn more about price action consistancies and different ways to exploit them. I plan to withdraw from this thread more clubs so to speak to add to my p/a trading bag. To begin, support and resistance prices [S & R or zones] are important to provoke price action as are highest high, lowest low points & multiples of 50, ie:1.2850, 1.290, 1.2950 etc etc on account of large limit orders being placed at thease locations. The first price pattern i look for is a 'range' were price is between two levels of S or R, from there i can have one of two options #1 price is currently ranging or its outside of its range. When price is within its range i know it will not stay there forever, eventually it will breakout, & same goes for price outside its range eventually it will return to the S or R from were it come from, unless its a trend change than it makes a new s/r level. After price breaches its support or R line it will do A OR B, A: after making a new high or multiple new highs or lows it will return to the previous S/R zone [or within a few pips] before going of to form another new high or low forming the start of a trend & allways returning to the initial b/outs high or low as a new support or resistance untill price begins to range again. Or B: price will b/out forming a new high or low than return to the middle of the s & r lines but not past the support for a bullish break out and vise versa befor making another new high or low in the same direction as the initial b/out. When you see two breakouts in both directions one after another, only attend to the most recent one, price maybe just widening its range. Knowing how price moves will give sound ability to place conservative size limit orders in the path of when price has little option but to return to its high/low or zone as if it were magnetic. As for an example find a good support and R pattern, price will b/o, say upwoods for example by 30,50 or 70 pips or so, then by placing a sell limit order 20 pips above were the b/o began above the initial resistance and taking profit 6 or 8 pips above that same resistance line inc spread when price is magnitised back to get those orders at the top of the initial range and trap yourself a nice little profit, be mind ful though because price may only b/o little by little increasing the range and not large enough for ample trading oppertunities. Stop losess are essential but a personal thing as is your balance, personally like them large depending on the time frame i am in. Please exuse my English and feel free to add. Being flexable helps you to cope when your make a mistake, also if you can not see why the price has'nt returned or where it b/out from increase your t/frame bit by bit untill you see clearly.

Hi Jax

It would be nice if your mssg were made in several paragraphs to ease reading, if you don't mind my 2 cents opinion

About PA, this may help...
http://www.forexfactory.com/showpost...18&postcount=1

p.s. I like and have the hard copy for "Think & Grow Rich!"

Happy Trading.

Cheers