Forex Price Action - Page 181
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  1. #1801
    Join Date
    Apr 2012
    Location
    Minneapolis, MN
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    71
    Do you guys think this is a good setup into AUD/CAD or do you think there is resistance below what would be the entry? Reason for trade would be bearish engulfing bar at an S&R line.

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  2. #1802
    Join Date
    Feb 2012
    Posts
    112
    Can tell somebody what is FSO i would also like to join it. Thank You

  3. #1803
    Join Date
    Jun 2012
    Location
    london
    Posts
    234
    hi lovac it stands for forex school online..
    johnathon who runs this thread is an expert on price action.
    he is training us up...but you can get even more expert tuition if you join his course for a modest fee.
    here are the details.
    The Pin Bar

    i will hopefully join when i start making some money...as this is a no nonsense approach to trading and it focuses you to the top trades....from where you can make fat wads.

  4. #1804
    Join Date
    Jan 2011
    Location
    Melbourne
    Posts
    68
    Quote Originally Posted by lovac24 View Post
    Can tell somebody what is FSO i would also like to join it. Thank You
    Hey Lovac24,

    Its Forex School Online. Johnathon Fox a Mentor , who started and maintained this thread. He has posted some interesting articles and videos on his Website . Have a read and look at Forex School Online | Learn To Trade Forex Price Action Trading Strategies

    Cheers
    HA

  5. #1805
    Join Date
    Oct 2011
    Posts
    30
    Quote Originally Posted by TyrannosaurusForex View Post
    Anyone have any thoughts on this pin on the NZDJPY D1?

    The pin is big and obvious and formed at a nice level. However it is counter the recent trend and the BRN at 63.00 is right around where the entry should be.

    This is what my lines mean:
    Dashed red line = SL
    Dashed purple line = entry
    Dashed green lines = TP points
    Solid pink lines = S/R

    Attachment 27591
    i rather wait for a long Pin bar or signal before i enter.... its a strong trend upward

  6. #1806
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by brinkfx View Post
    hi tyranisauforex.


    wow that looks good to me...but i have a hang up about it
    the yen pairs are all in a spin but the worrying thing is the usd jpy has passed through what seems to be a major resistance line and it is now using it as support..... there was reverse head and shoulders today that i caught the action on...(UJ) and this is what broke through resistance.

    so all the yen pairs are looking bearish...but the usd yen pair is sat on a rock solid support line now ...and the prior candle was an inside bar.....but not a drastic one...(ie the candle before it is similar in size).if this inside bar breaks in a bearish manner then you are in the money ...and probably in the money if you take UJ too...
    but the pin you got there is the A+ signal..

    so i think this is a decent pin...but is that all that matters...what about other yen pairs....is the usd yen pair the daddy of all yen..or do you completely never correlate chart with other charts with this system.
    do you just focus on 1 chart at a time exclusively or what. ?

    hopefully johnathon will answer this question.

    i dont think i read johnathon discussing this up to this point in the thread.

    uj daily
    Attachment 27595
    uj 4 hourly.on support after head and shoulders. next to the inside bar that was formed.
    Attachment 27596
    Hello Brink,

    okay you need to slow down and stop over complicating things. Keep it simple!

    Why are you assessing what the USDJPY will do when the trade in discussion is the NZDJPY?

    Who cares what the USDJPY is doing. Of course it will do something different as it is made up of another country! The US. Both these pais have completely different support and resistance levels and look nothing alike, meaning they don't do the same thing. Look at both charts and you will see they are two different pairs.

    The USDJPY could go up and the NZDJPY still down.

    You need to focus only on the chart of the setup and keep things simple.


    Safe trading,

    Johnathon

  7. #1807
    Join Date
    May 2012
    Location
    CT, USA
    Posts
    31

    Default Eur/gbp beeb

    EUR/GBP H4
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    So I saw this Bearish Engulfing Bar this morning... noted by the arrow.

    I didn't like it because of the all the traffic I circled to the left. This pair is also ranging so there is no trend to go with.

    Obviously it worked out, and it's at a point where I would have taken profit and moved stop to B/E. So I'm wondering if I'm being too conservative, or would this really not be considered an A trade.

    Thanks in advance for any opinions!
    Rob

  8. #1808
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Hey all,

    I have been going through the last few pages to catch up what I have missed. From this I want to make a few things clear.

    We do not use IB's or indecision bars as trade triggers in this Price Action thread. The reason is over time they simply do not make money. As simple as that! Please think about this: Price Action has been around for a very very long time. If people could make money by seeing an inside bar and trading the breakout, wouldn't everybody be rich? C'mon wouldn't everybody not have jobs and just make zillions of trading inside bars?

    This is the same with indecision bars. We do not trade indecision bars. Why would we trade a candle that is telling us it is indecisive when we could simply wait and trade a bar that is very decisive and telling us which way it wants to go?

    Of course these will work out from time to time. I could also enter the worst type of pin from the very worst area and it may work out sometimes. What I am tryingt to show you all is what to do so that over a long period you will be profitable. Not gambling, but having a real edge on the market.

    There is one reason traders and people love to trade IB's and indecision bars and one reason only. It's because they form all the time. They form on all time frames and nearly every day. The absolute number one reason people lose money in the markets is because they always have to trade. They always have to be in the market. Inside bars and Ind bars give traders what they want. It lets them enter and be in trades! This is why they are so so popular with new traders. In between the very good setups forming we could get 10 of these setups. So whilst I am not trading anything others who are trading these other IB's can be in trades. This fills the void they have of needing to be in a trade.

    Just let me please repeat something for you all: The number 1 reason people do not make money is because of the need to be in a trade and participating in the market. It is by far the biggest account killer there is!

    I am sorry if this offends anyone but I am simply telling the truth. I am here to help you so please at least think about what I am saying. Everything I see in here, and what people are trying I have been through! I have traded the IB's, I have over traded, I have lost money doing this!! And I see it repeating everyday in others!!!

    At the end of the day the way I trade and teach people to trade may not be for you. There is plenty of other threads in Babypips that will trade the above mentioned setups and also discuss things that maybe personally suit you better for your personal trading style.


    Safe trading to all,

    Johnathon

  9. #1809
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by Sicnarf View Post
    Hi guys,

    Are these valid setups? (GbpUsd & EurUsd 4hr charts)

    Attachment 27614Attachment 27615

    Is that a valid pinbar on the Eur/Usd (2nd chart)? If it is could someone please confirm? Cause I'm thinking tail is not long enough? (sorry images get blurry after uploading them)

    Also do I need to trade during London - New York sessions to spot setups using price action? Or any session/time of the day will do?
    Hello are you using the charting gear suggested on page none that we use for spotting setups? My charts look different to your.

    Correct demo charts found here: NY Close charts
    Johnathon
    Last edited by Forex School Online; 06-21-2012 at 11:44 PM.

  10. #1810
    Quote Originally Posted by Forex School Online View Post
    Hello are you using the charting gear suggested on page none that we use for spotting setups? My charts look different to your.

    Johnathon
    Hi,

    Sorry I deleted my post cause the pics were blurry. Nope I'm not using the charting gear you're referring to, I'll go check it first. Might be the reason mine looks different is because I use GMT +1/+0 charts. Thanks will get back to this.

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