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- JamTheTrader replied Apr 26, 2010
Out GBPUSD Break even Still holding second half of the EURJPY
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
15R trendline is not helping us with our second half, but if it breaks it will have a long way to go. Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Still holding the second half, trailing with a chandelier stop Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Bouncing off our trendline now on the 15R
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
still in second half trailing stop
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
broke up through a bull flag on the 5R
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
will be hitting a downward sloping trendline from the 15R around .50, I will exit half at that area if we make it there. Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Moved stop to Break even Here is the 15R showing the Double Bottom, I then went to the 5R and took a setup long. Here is the entry on the 5 as well. Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
1 tick from stopping out then back up.... Whew!
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
EURJPY is in a little chop at a double bottom on the 15R chart, need it to either push down or back up through pivots. Until then on the sidelines JAM
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Sit on hands — It has really slowed down and this is the tough part for new traders that think they always need to be in a trade. Do not trade until the market gives you something to trade! Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Here was a great set up with a small loss -8 pips. Great trade great loss

Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Simple rules — My first trade of the morning was based on topping action, a break of a Trendline on the 15R. Then I simply went to my 5R and took a bar pull back with reversal bar entry. The charts were posted earlier. We are in the choppy ...
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
Thanks Badude, Badude is one of my students that hold a purple belt in my room and is a price action trader, he doesn't really need me too much anymore as he knows the setups well. He too this trade long in the room. Jam
Trading Price Patterns with JamTheTrader
- JamTheTrader replied Apr 26, 2010
The 15 R chart had a false break out to the downside, that allowed us to go to the 5R and look for reasons such as a pivot high break and pullback with a reversal bar entry long. First half off was a double top reversal bar, second half off was a ...
Trading Price Patterns with JamTheTrader