Forex Price Action - Page 11
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  1. #101
    Hi Johnathon!

    What do you thing of this one....?Name:  HammerEURGBP.jpg
Views: 8140
Size:  29.3 KB

  2. #102
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Hey Vahagn,

    I don't want top say directly that it won't work as anything can and does happen and this one may also have bottomed out but when trading Price Action you need to get into the habbit of trading A+ signals so you win more often than not.

    This is not technically a pin as it doesn't close within the previous bar. There is a massive down move you are trading against. In markets like this I would much prefer to short.

    Okay so have a look at my last trade for an example. I posted this in here when I was taking.

    It was on the daily USDSGD. Notice how I am trading within the trend and the Pin Bar closes with in the previous bar?

    Always when learning try and trade with the obvious trend in your favour!

    Update on this one I have just taken my first portion profit of the table.

    Name:  USDSGD.jpg
Views: 8300
Size:  19.5 KB

    Hope this helps,

    Johnathon
    Last edited by Forex School Online; 02-19-2012 at 07:25 PM.

  3. #103
    Join Date
    May 2011
    Posts
    342
    Hello again Johnathon

    Id like your thought on what pairs you prefer to trade. The majors have the most liquidity and surely PA should work the best.

    Do you have the same success with less liquid pairs?

  4. #104
    Join Date
    Jan 2012
    Posts
    1,814
    Hi!
    I have been following this PA thread with great interest.
    Thanks to Johnathon and all for starting & keeping a great thread alive.
    I am learning how to trade using PA, and i love it coz it keeps things simple and clean
    I'm currently trading on demo (after burning fingers for 2months in live due to impatience until i can learn to trade profitably using PA.
    What i also like about you Johnathon is that: you not only show trades in hindsight, but also post them before the action happens, and this is more real and sincere, and shows that the method works.
    Here's to effective learning and consistent & profitable trading!

    Cheers

  5. #105
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by Spongybob View Post
    Hello again Johnathon

    Id like your thought on what pairs you prefer to trade. The majors have the most liquidity and surely PA should work the best.

    Do you have the same success with less liquid pairs?
    Hey Spongy,

    pretty much answered your own questions spongy! Yes the majors are the bomb however the Forex market is a 3-4 trillion dollar a day market, so the other smaller pairs are still doing large sums of money!

    The main factor is when trading smaller time frames as 1hr. that is when we want to be trading the majors and not the exotic but on the daily such as my setup above on the daily USDSGD it is not as important!. I watch roughly 40 pairs on 4hr and daily charts but only 15 or so on 1hr!

    Safe trading to you and thank for questions,

    Johnathon

  6. #106
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by dudest View Post
    Hi!
    I have been following this PA thread with great interest.
    Thanks to Johnathon and all for starting & keeping a great thread alive.
    I am learning how to trade using PA, and i love it coz it keeps things simple and clean
    I'm currently trading on demo (after burning fingers for 2months in live due to impatience until i can learn to trade profitably using PA.
    What i also like about you Johnathon is that: you not only show trades in hindsight, but also post them before the action happens, and this is more real and sincere, and shows that the method works.
    Here's to effective learning and consistent & profitable trading!

    Cheers
    Hey Dudest,

    thanks for you kind words!

    I plan to keep this thread going and build it for all to learn how to trade Price Action the right way! Price Action is the way, and I have come to find out many have been led down the wrong way

    I will continue to post live and in hindsight as a learning tool.

    Please stick to demo (ALL) as there is no reason to lose in this brilliant market of our's that is forex as we have demo's!

    Safe trading to all I look forward to many posts to come.

    Johnathon

  7. #107
    Nice reply on changing on currency trade.... How many time you can take to update the price action in the market? Help me to trade with your signals guide!

  8. #108
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    I am really sorry Elliot John, I don't understand your question. Can you please ask again and I will reply ASAP.

    Thanks,

    Johnathon
    Last edited by Forex School Online; 02-20-2012 at 04:04 AM.

  9. #109
    Thaks for your quick reply, Johnathon

    Great information in this one post! I would like to ask you how you define the trend direction and also how back are you going in the charts to define support and resistance levels.

    For ex. for the trend....please, correct me if I am wrong...

    On this one .....down

    Name:  Down.jpg
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    On this one ..... I can't say,

    Name:  USDJPY.jpg
Views: 8361
Size:  29.0 KB

    ....but, if we zoom out, the picture changes. The general trend looks more on the down side. Now, considering how the price hesitates and rejects the lows from middle of July 2011 up to beginning February 2012, and having that huge spike 31st of October would you still trade to the down side or ....?

    Name:  USDJPY2.jpg
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    Looking forward to learn from you,

    Vahagn

  10. #110
    How long will you take to update the changes on share level? Within a second or after some time.... Guide me how to make the beneficial trade with the trading updates....!

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