Price Exhaustion

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Price Exhaustion

Postby User » Tue Jul 07, 2009 5:34 pm

Forum transfer: Submitted by User on November 17, 2008 - 14:40.

Hi Guys,

First off, great site going Edward I really respect your work.
I'm going to share with you my strategy which I use to give signals on my site.

- You want to start on the 1 hour charts and look for price exhaustion candles.
- You then confirm it with 15 mins
- Check if it correlates with other pairs.

Enter the trade.

Sincerely,
Navin
http://www.forexwatchers.com
Attachments
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Posts: 376
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:42 pm

Forum transfer: Submitted by Manus168 on November 17, 2008 - 17:40.

Dear Navin;

Can you describe, this is the exhaustion Bar or Candle ? Because in a screenshoot i saw a bar charts; according an examples Bar the first blue arrow is a Pin Bar & 2nd blue arrow is a Pinocchio bar (James16 Trading System), but if we change the charts into Candlestick we can found the Bearish Shooting Star in a 1st Blue Arrow & the 2nd Blue arrow is a Morning Star Formation Candle.

So according these, Candle or Bar, what the rules for Entry & Exit, & where the StopLoss & Target Profit we must put ?

Thanks Navin.


Regards;


Manus168
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:42 pm

Forum transfer: Submitted by ARSALAN on November 17, 2008 - 19:40.

Hi Navin,

Thanks for sharing this strategy with us.

Regards,
ARSALAN
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:43 pm

Forum transfer: Submitted by ARSALAN on November 18, 2008 - 07:50.

Hi Manus168,

Can you please tell me what is James16 trading system?

Regards,
ARSALAN
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:43 pm

Forum transfer: Submitted by User on November 20, 2008 - 23:34.

ARSALAN,

James16 method can be found here
http://www.forexfactory.com/showthread.php?t=2331
also check http://www.james16group.us
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:43 pm

Forum transfer: Submitted by User on November 22, 2008 - 19:44.

Are price exhaustion candles have a open & close price almost the same?
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:44 pm

Forum transfer: Submitted by User on November 25, 2008 - 10:07.

Ermmmmm if it is in candlestick term, then it sounds like Shooting Star and Hammer you are talking about. Indeed, shooting star and hammer are one of the strongest reversal signal.
Juz to add another one. If 2 candlestick/barchart having the same "HIGH/LOW" with both going different direction. it is a highest chances of reversal. =)
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Re: Price Exhaustion

Postby User » Tue Jul 07, 2009 5:45 pm

Forum transfer: Submitted by Navin on November 28, 2008 - 12:49.

Hey sorry for the delay guys,

I've been uploading the strategy on Youtube and stuff under the name forexwatchers.
Basically for stops, I'd put the stop 10 pips above/below the tip of the exhaustion candle and for limits I exit each lot at the upcoming support/resistance level. For best results use MACD divergence to get near 80% accuracy on your trades. I hope webinars for this stuff for free on my site www.forexwatchers.com

Go on youtube and watch some of my videos and get an Idea on the trading style.

Hope that helps.

Thanks for your interest.

- Navin
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