Forex Price Action - Page 103
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  1. #1021
    Join Date
    Mar 2012
    Location
    Sydney, Australia
    Posts
    172
    what do people think about the short entry from the daily pin bar on CAD/CHF?

  2. #1022
    Join Date
    May 2011
    Posts
    342
    Quote Originally Posted by Paddymctaff View Post
    what do people think about the short entry from the daily pin bar on CAD/CHF?
    Look at number 2 from your previous post.

    It didnt close negative and small compared to previous bar, nice level though.

    Cheers

  3. #1023
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by Spongybob View Post
    Look at number 2 from your previous post.

    It didnt close negative and small compared to previous bar, nice level though.

    Cheers
    And for a pin bar it does not protrude away from the rest of the price or stick out as much as we would like. As you said though nice area and you will notice the 2 Bar Reversal from last week at this same level sold of nicely back to support so this would not surprise to see the same here.

    There is one thing I am noticing as I spend less time in here and post less and less (I am still watching). People are beginning to trade from worse and worse areas and forgetting all about swing points. We need our price action signals to be from clear swing points and also to stick out. See the example below and now compare to the CADCHF pin you have highlighted. Huge difference yes?

    Johnathon

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  4. #1024
    Join Date
    Mar 2012
    Location
    Sydney, Australia
    Posts
    172
    Yeah agreed, I actually came home, placed the order and then thought about it properly and cancelled it. Thanks for the input

    I will be in touch at the end of this month to sign up for your course, looking forwards to chatting properly..

  5. #1025
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by Paddymctaff View Post
    Yeah agreed, I actually came home, placed the order and then thought about it properly and cancelled it. Thanks for the input

    I will be in touch at the end of this month to sign up for your course, looking forwards to chatting properly..
    Oh no no no. Do NOT cancel an order or any oders of anything I, Spongy or anyone says!

    Just because we say anything does not mean squat on the market and anything can and will still happen. Also as I said the previous 2 bar last week worked great from the exact same level so this pin may very well work out. Who knows???

  6. #1026
    Join Date
    May 2011
    Posts
    342
    Quote Originally Posted by Forex School Online View Post
    Oh no no no. Do NOT cancel an order or any oders of anything I, Spongy or anyone says!

    Just because we say anything does not mean squat on the market and anything can and will still happen. Also as I said the previous 2 bar last week worked great from the exact same level so this pin may very well work out. Who knows???
    Hey Paddy

    Yeah, like Johno says we NEVER say do or dont we just give our thoughts. Its the same as in the forum where sometimes we miss important SR levels where we could find trouble yet did not see it when thinking of trading it.

    Happy days

  7. #1027
    Join Date
    Jun 2011
    Posts
    134
    What about GBPUSD on 8 Hour Charts. Is that a good pin bar?

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  8. #1028
    Join Date
    Jan 2012
    Posts
    1,814
    Heads up:

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  9. #1029
    Nice charts dudest !

  10. #1030
    Join Date
    Jun 2011
    Posts
    134
    PinBar in EURJPY and CHFJPY on Daily Charts. I'll keep an eye on JPY pair for reverse back to downtrend.

    Name:  EURJPY Daily.jpg
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    Last edited by Jinz; 04-19-2012 at 05:11 PM.

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