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  • Post #21
  • Quote
  • Dec 24, 2012 3:48am Dec 24, 2012 3:48am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Trade#3: EURGBP

Retest of resistance and rejection in the form of a pin bar and 2 other rejection candles calls for a move South.
Sell @0.81325 T/P 0.80367 S/L 0.81707
Possible Risk=$100.00 & Possible Reward=$547.
R:R=1:2.52

Trade#4: EURGBP

Got in at a better level than the previous EURGBP trade.
Sell @0.81558 T/P 0.80367 S/L 0.81707
Possible Risk=$100.00 & Possible Reward=$793.
R:R=1:7.93
Attached Images (click to enlarge)
Click to Enlarge

Name: eurgbp.gif
Size: 18 KB Click to Enlarge

Name: eurgbp1.gif
Size: 23 KB
PRICE ACTION is the only real time indicator.
  • Post #22
  • Quote
  • Dec 24, 2012 4:01am Dec 24, 2012 4:01am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Trade#5: CHFJPY

After a Pin bar on the 19th and a bearish candle on the 21st closing below the core resistance of 92.23, I decided to go short.
Sell @92.233 T/P 90.158 S/L 93.100
Possible Risk=$100.00 & Possible Reward=$240.
R:R=1:2.4
Attached Image (click to enlarge)
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Name: chfjpy.gif
Size: 13 KB
PRICE ACTION is the only real time indicator.
  • Post #23
  • Quote
  • Dec 24, 2012 5:40am Dec 24, 2012 5:40am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Trade#6: CADJPY

Another case of a 19th Pin bar followed by a bearish candle on the 21st closing below a core resistance level.

Sell @85.00 T/P 82.72 S/L 85.90
Possible Risk=$100.00 & Possible Reward=$250.
R:R=1:2.5
Attached Images (click to enlarge)
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Name: cadjpy.gif
Size: 14 KB Click to Enlarge

Name: cadjpy detailed.gif
Size: 12 KB
PRICE ACTION is the only real time indicator.
  • Post #24
  • Quote
  • Dec 25, 2012 4:19am Dec 25, 2012 4:19am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Quoting gautam0597
Disliked
Trade#3: EURGBP

Retest of resistance and rejection in the form of a pin bar and 2 other rejection candles calls for a move South.
Sell @0.81325 T/P 0.80367 S/L 0.81707
Possible Risk=$100.00 & Possible Reward=$547.
R:R=1:2.52

Trade Result: -$94.06

Trade#4: EURGBP

Got in at a better level than the previous EURGBP trade.
Sell @0.81558 T/P 0.80367 S/L 0.81707
Possible Risk=$100.00 & Possible Reward=$793.
R:R=1:7.93
Ignored
Trade Result: -$80.38
PRICE ACTION is the only real time indicator.
  • Post #25
  • Quote
  • Dec 26, 2012 8:42am Dec 26, 2012 8:42am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Quoting gautam0597
Disliked
Trade#6: CADJPY

Another case of a 19th Pin bar followed by a bearish candle on the 21st closing below a core resistance level.

Sell @85.00 T/P 82.72 S/L 85.90
Possible Risk=$100.00 & Possible Reward=$250.
R:R=1:2.5
Ignored
Trade Result: -$90.96
PRICE ACTION is the only real time indicator.
  • Post #26
  • Quote
  • Last Post: Dec 26, 2012 8:42am Dec 26, 2012 8:42am
  •  gautam0597
  • | Joined Sep 2011 | Status: Member | 123 Posts
Quoting gautam0597
Disliked
Trade#5: CHFJPY

After a Pin bar on the 19th and a bearish candle on the 21st closing below the core resistance of 92.23, I decided to go short.
Sell @92.233 T/P 90.158 S/L 93.100
Possible Risk=$100.00 & Possible Reward=$240.
R:R=1:2.4
Ignored
Trade Result: -$88.43
PRICE ACTION is the only real time indicator.
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