Forex Price Action - Page 1001
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  1. #10001
    Join Date
    Nov 2011
    Location
    Singapore VIA China
    Posts
    442
    Quote Originally Posted by Spongybob View Post
    Howdy All

    Just thought id come say CONGRATS to Johno, well done dude!

    Now that was #9999 go ahead and be #10 000

    Oh dear, you got in before me!
    You have won the grant prize from Johnathon for hitting #10000! lol Apple gives iTunes app voucher i wonder what johnathon will give? hahahaha

  2. #10002
    Join Date
    Jul 2013
    Posts
    21
    Quote Originally Posted by Forex School Online View Post
    Hey Bobba and welcome aboard,

    as long as the other side of the pin is not taken out it remains valid.

    It can stay this way for many days. The pin is a reversal candle and it can take a while for price to build the orders for the market to reverse. This is also why quite often you will see a pin bat and then an inside bar straight after. This is the market shifting orders and getting ready for the market to reverse.

    So there is no rush and contrary to popular belief this waiting can actually be a good thing and a building of orders for the reversal of the market.

    Johnathon
    Thanks Johnathan, as far as i can remember, this hasn't come up here before?

  3. #10003
    Join Date
    Jul 2013
    Posts
    21
    Any thoughts on EURJPY.
    6hr showing 2BR at an level where resistance has held in the past.
    Not the greatest 2BR and i would prefer it with the trend, but the level is good.Name:  EJ.jpg
Views: 1638
Size:  27.0 KB

  4. #10004
    Large 4HR BEEB forming at resistance on XAUUSD. BEEB also forming on the daily.

    + With the daily trend
    + At swing high, resistance level
    + Large PA

    Next S/R level on the way down is at 1252.

    Thoughts?

  5. #10005
    Join Date
    Mar 2013
    Posts
    295
    EURGBP D1 having a BEEB , but the space too less to go

  6. #10006
    Join Date
    Nov 2011
    Location
    Singapore VIA China
    Posts
    442
    Quote Originally Posted by tomyates View Post
    Large 4HR BEEB forming at resistance on XAUUSD. BEEB also forming on the daily.

    + With the daily trend
    + At swing high, resistance level
    + Large PA

    Next S/R level on the way down is at 1252.

    Thoughts?
    Exact thought man. EXACT. We are twins. lol

  7. #10007
    Join Date
    Nov 2011
    Location
    Singapore VIA China
    Posts
    442
    Quote Originally Posted by shane View Post
    EURGBP D1 having a BEEB , but the space too less to go
    Yeah and against the trend as well.

  8. #10008
    Quote Originally Posted by tomyates
    Large 4HR BEEB forming at resistance on XAUUSD. BEEB also forming on the daily.

    + With the daily trend
    + At swing high, resistance level
    + Large PA

    Next S/R level on the way down is at 1252.

    Thoughts?
    Not sure that the level at which PA is forming is a strong enough resistance level...

  9. #10009
    Quote Originally Posted by traderamateur View Post
    Not sure that the level at which PA is forming is a strong enough resistance level...
    It has now been tested 4 times on the 4HR chart and is the most logical swing high on the daily chart in my eyes. Where would you be looking to short it from?

    Also it's a big round number of 1300.
    Last edited by tomyates; 07-17-2013 at 02:55 PM. Reason: sorry traderamateur, had read your post as being from shane!

  10. #10010
    Join Date
    Aug 2012
    Location
    Czech Republic
    Posts
    85
    About the EURGBP, why not to wait for longs around 0,86? It has broken strong resistance and I'm personally waiting for pullback to that level.

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