Forex Price Action - Page 1187
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  1. #11861
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    Sep 2013
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    6
    EDIT: First few pages have helped alot! Thanks guys!
    Last edited by Apple Forex; 09-04-2013 at 11:52 PM.

  2. #11862
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    May 2013
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    Iowa, USA
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    Quote Originally Posted by mselva View Post
    Hi Krugman:
    Hi see a BUEB on D1. I don't see the 2BR. Could you please check my chart?
    I didn't take the PB since I expect resistance at 1.32.
    Regards,<img src="http://forums.babypips.com/attachment.php?attachmentid=50768"/>
    Both the body and wicks must be engulfed, in this case the 1st bar in the signal is protruding below the 2nd bar.

  3. #11863
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    Jul 2012
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    mexico
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    119
    Quote Originally Posted by Apple Forex View Post
    Hey guys,

    I'm still new at this, but here is my live trade with my micro account on a Daily AUD/NZD pair with a sell stop. Incorporating Price action along with Ichimoku can be a powerful combination. Is this a correctly formed pin bar? Does the candle have to close bearish? It has a very small tail as well. Let me know what you guys think!

    I'm risking 1% on this one, so I'm willing to wager a few cents to learn something! Helps with the psychology!

    Attachment 50769
    Hi apple Forex, welcome.

    Answers to your quiestion on pages 1 to 50.
    Good luck!

  4. #11864
    Join Date
    May 2013
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    Iowa, USA
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    Quote Originally Posted by Apple Forex View Post
    Hey guys,

    I'm still new at this, but here is my live trade with my micro account on a Daily AUD/NZD pair with a sell stop. Incorporating Price action along with Ichimoku can be a powerful combination. Is this a correctly formed pin bar? Does the candle have to close bearish? It has a very small tail as well. Let me know what you guys think!

    I'm risking 1% on this one, so I'm willing to wager a few cents to learn something! Helps with the psychology!

    <img src="http://forums.babypips.com/attachment.php?attachmentid=50769"/>
    What we use here is pure price action from key horizontal SR levels, simple as that. I believe if you stick around long enough you will see price action alone is powerful enough, adding to it adds no extra benefit and if anything detracts from it. The 5 indicators in Ichimuko are all derived from price history. Candlestick charts tell you what is happening now and in the clearest terms, where as indicators tell you what happened last week or last month and only after altering it through calculations. So you really can't add anything to pure price because its as fresh and straightforward as it gets. I believe if you stick around long enough you will see that.

    Also if you post charts please post them without indicators as to not confuse other followers of this thread.

    As another member said earlier the first 50 pages will get you well grounded in what good price action setups are and what ones to avoid. The best trading to you!
    Last edited by krugman25; 09-04-2013 at 10:57 PM.

  5. #11865
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    Jul 2012
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    mexico
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    Thank you. I use the definition of Steve Nison where only compares the bodies of the candles. I guess if the shadows are also covered will be stronger signal.
    Regards,
    Quote Originally Posted by krugman25 View Post
    Both the body and wicks must be engulfed, in this case the 1st bar in the signal is protruding below the 2nd bar.

  6. #11866
    Join Date
    Jul 2013
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    245
    Quote Originally Posted by EternalNewB View Post
    I am just new here but you will be told that in this thread they do not trade the IB

    Also this setup was discussed on that same page and the one before and it turned out to be not a real 2 BR so, for this thread, it is a no go
    HI
    we've a BEEB on 12 h TF .
    It's a good signal.
    It's also 38% .
    Attached Images Attached Images  

  7. #11867
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    For me is still in consolidation area. I'd rather wait for a stronger signal to take a short position.
    Good luck!
    Quote Originally Posted by abc2005 View Post
    HI
    we've a BEEB on 12 h TF .
    It's a good signal.
    It's also 38% .

  8. #11868
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by abc2005 View Post
    Usd/chf 4h
    Beautiful big pinbar on Resistance + 38% Fib .
    Heya ABC,

    not really the best use of the Fibo here. There has been a lot of fibos of late in here and I would really love it if traders got back into concentrating on price and away from fibos. Fibs are just a last confirmatory factor that can be placed on. They would never stop a trade being placed or decide that a trade would be placed and I just think they are creating confusion for traders.

    Like everything we do, the fibo should be; Logical and Obvious. Only the obvious levels including 50% + 61% should be used. (Yes I know 50% is tech not a fibo level, but it is the best retrace level). Forget the 38.2% and 71%. Just use the main two obvious retrace levels.

    We only want to be using the fibo in obvious trends. That is it. The fibo should only be used for marking retraces from the low to high or high to low and to pick a retrace. That is it! If price is in a range and if we cannot pick the obvious high and low then we DO NOT use the fibo. We only use it when the levels are obvious and logical and when the trend is clear cut. There should be one high and one low. Once a high or low has been tested again the fibo is done.

    The chart on the USDCHF is in clear sideways and does not suit a fibo at all.

    Here is an example below. It is just a very basic example. The fibo is just taken from the obvious high to the obvious low to find the retrace point which for this example was the 50%.

    Name:  50.jpg
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  9. #11869
    Join Date
    Nov 2011
    Location
    Singapore VIA China
    Posts
    442
    Quote Originally Posted by traderamateur View Post
    Guys i am not an expert just a modestly profitable trader using this method exclusively. A lot of the new guys here are posting setups that are not A**. Please read atleast first 200 pages of this thread before even doing demo trading. I have read every post in this thread from beginning and it changed me completely even though i was already a price action trader for atleast 2years before johnathon showed me the light in this thread. Please read the first 50 pages before even asking questions. It will save your trading career.
    Second that.

  10. #11870
    Join Date
    May 2012
    Posts
    40
    Hello,

    I see that the Pinbar on EUR/CAD daily chart is mentioned here a couple of times. I think it should be valid to trade but there is something that I’m curious about.
    While we know that price is the most important thing we are concerned about, aren’t you afraid of today’s EBC press conference? I mean isn’t it kind of special event that prevents us from entering trades on euro for today?

    Thanks!

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