Forex Price Action - Page 179
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  1. #1781
    Join Date
    Mar 2012
    Posts
    100
    Quote Originally Posted by forexmasters View Post
    GJ, H4
    Hi, I attach chart how i see this.

    You do not use New York close candles. Install demo from Pepperstone com and u will see little different candle which we use here.

    Name:  gbpjpy.jpg
Views: 1833
Size:  33.3 KB

    On third chart (GU, H4) price is between 1 and 2 lines so wait for break this level, next nice pull back and PA sign. This pin bar fill all space to trade in your chart but on my chart this is even not a pin bar.

    Name:  gbpusd.png
Views: 1817
Size:  13.5 KB

    Hope i could help, Cheers

  2. #1782
    Join Date
    Jan 2012
    Posts
    1,814
    Hi people,

    Just another example to highlight the concept of buying low/selling high (and also a 'short' opportunity I'm waiting for)

    Name:  20120621_euraud_d1_watching_plus_example.jpg
Views: 1839
Size:  33.7 KB

    (1) Price climbed into an S/R zone (resistance) and a BEEB (bearish engulfing bar) was formed at the swing high (with price consequently falling lower)

    (2) Price pulled back into the S/R zone (now support) from a higher point, and formed a BUEB (bullish engulfing bar) at swing low (with price subsequently climbing higher)

    I'm currently waiting for price to pullback to the same S/R zone (old support / new resistance) and form a bearish PA signal (e.g pinbar, BEEB, bearish 2BR) allowing us to short from the level.

    Cheers,
    Dudest

  3. #1783
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by forexmasters View Post
    ..
    5. How to identify and protect against irrelevant PA signals ?
    ..
    Hi Marcel,

    For #5 question, Johnathan has written a great article about fake PA signals:

    Price Action That Sucks Traders In...

    Cheers

  4. #1784
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by machal View Post
    Hi, I attach chart how i see this.

    You do not use New York close candles. Install demo from Pepperstone com and u will see little different candle which we use here.

    Name:  gbpjpy.jpg
Views: 1833
Size:  33.3 KB

    On third chart (GU, H4) price is between 1 and 2 lines so wait for break this level, next nice pull back and PA sign. This pin bar fill all space to trade in your chart but on my chart this is even not a pin bar.

    Name:  gbpusd.png
Views: 1817
Size:  13.5 KB

    Hope i could help, Cheers
    Neat charts dude !

  5. #1785
    Join Date
    Aug 2011
    Posts
    5
    Thx for the feedback, dudest and machal.
    just another simple question, does the wick's direction of pinbar has something to do with your analysis?

  6. #1786
    Join Date
    Jan 2011
    Location
    Melbourne
    Posts
    68

    Default AUD/JPY Weekly Setup posted earlier resulting 200pips

    Hi Guys ,

    I posted a 2 Bar reversal few days back for AUD/JPY... That trade is now 200 pips up. Thank you Johnathan for showing light on PA.....

    Latest graph attached


    Name:  audjpy.png
Views: 1768
Size:  29.5 KB

  7. #1787
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by hemantarora View Post
    Hi Guys ,

    I posted a 2 Bar reversal few days back for AUD/JPY... That trade is now 200 pips up. Thank you Johnathan for showing light on PA.....

    Latest graph attached


    Name:  audjpy.png
Views: 1768
Size:  29.5 KB
    Great stuff mate! Very well played indeed!

  8. #1788
    Hi Guys, Hi Jonathan,

    I may ask a question, what is your winning ratio using PA, and do you trade only A+ trades? I go through charts, and i can see number of other, more questionable opportunities, do you pick those as well? Could you post some? Do you usually work around SR lines, or do you happen to jump in a middle of strong trend as well.

    How do you work in this very volatility out there, i am affraid to touch eur/usd for past few days.


    There will be some action here. What do you usually do, wait for the next candle to confirm the direction? What if it will be doji? Wait for another one?

    Name:  chart1.jpg
Views: 1681
Size:  26.1 KB

    p.s: i am amased with this thread. its a light in a tunnel for me.
    Last edited by cyberbob222; 06-21-2012 at 12:54 PM.

  9. #1789
    Join Date
    Apr 2012
    Posts
    21
    Quote Originally Posted by dudest View Post
    Hi people,

    Just another example to highlight the concept of buying low/selling high (and also a 'short' opportunity I'm waiting for)

    Name:  20120621_euraud_d1_watching_plus_example.jpg
Views: 1839
Size:  33.7 KB

    (1) Price climbed into an S/R zone (resistance) and a BEEB (bearish engulfing bar) was formed at the swing high (with price consequently falling lower)

    (2) Price pulled back into the S/R zone (now support) from a higher point, and formed a BUEB (bullish engulfing bar) at swing low (with price subsequently climbing higher)

    I'm currently waiting for price to pullback to the same S/R zone (old support / new resistance) and form a bearish PA signal (e.g pinbar, BEEB, bearish 2BR) allowing us to short from the level.

    Cheers,
    Dudest
    Hi Dudest, I do like the look of your trade plan, thanks for posting.
    If the scenario goes as planned, would you take the first signal that appears at the S/R area or could we expect a retest which may jeopardise our stoploss?
    Its a strong S/R area so I think I'd take the first signal, is that your view too? Keep up the great posts!

  10. #1790
    Join Date
    Mar 2012
    Posts
    100
    Quote Originally Posted by philwest View Post
    Its a strong S/R area so I think I'd take the first signal, is that your view too?
    Hey, of course u should take if u see PA sign but we must waiting what chart show.

    Cheers

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