Forex Price Action - Page 456
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  1. #4551
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by GivenName View Post
    My chart only shows 4 decimals. (1.2600) So on the scale it looks like this:
    1.2600
    1.2550
    1.2500

    So in that case, is it more realistic that 1.3000 or 1.2000 is a BRN? Or is my chart just off and I should get a new one? Hehe

    GN
    Hi,

    BRNs are every 500pips, so 1.3000 and 1.2000 are both BRNs
    The 1.2600 in my post above is an RN

    There's nothing wrong with your broker giving 4-digits, as long the charts are 5-day + NY-close

    Cheers

  2. #4552
    Join Date
    Apr 2012
    Posts
    27
    Hello,its been a long time since my last post...

    How about you guys?..

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    Any opinion for this setup? BEEB @ swing high...but its countering the trend.

  3. #4553
    Join Date
    Jul 2012
    Posts
    329
    hi bros......my recent trade setup which is closed now itself......with nice profit......on USD-JPY - 4H

    i have entered the trade after 2 days consolidation rage breakout and set SL as the low of the that range.....

    we have got nice break out with large bullish bar and which is in the direction of trend......

    thats why i trade this ......but yester day we have a drop to near to the upper side range...ab i thought this trade will night mare to me......but its not.......

    HERE IS THE CHART.......this TP level is also act as a good s\r level in the past......

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  4. #4554
    Potential long signal we get overnight on gbp/aud.
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  5. #4555
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by birdcat View Post
    Hello,its been a long time since my last post...

    How about you guys?..

    Name:  AUD.png
Views: 2030
Size:  14.9 KB

    Any opinion for this setup? BEEB @ swing high...but its countering the trend.
    Hallo,

    You have not labelled your chart, but from mine, looks like AUDJPY H4

    It is a BEEB yes, but not a trade-able one in my opinion.

    Reason: the BEEB did not close in the last 1/3rd of bar in the direction we'd like to trade it.

    The long lower tail just does not bode well ( even if it looks like it's 'working out' currently )

    Cheers

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  6. #4556
    Join Date
    Jul 2012
    Posts
    329
    Hi friends......any one trade this?

    I really miss this set up......i think this has formed well .....what do you say?

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  7. #4557
    Join Date
    Jul 2012
    Posts
    329
    Sorry for messy chart.........but 1 thing marked in this chart.....which is got my attention...even though it is not mine....

    In this chart.....one channel resistance is marked.....

    So what do you think about that.....

    I have marked that with white box.........

    So shell we give importance to that levels?along with our horizontal levels?

    Or there is no need for that?

    Once again.....sorry for this chart.......

    Name:  5Jrol.jpg
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  8. #4558
    Join Date
    Dec 2009
    Posts
    49
    Quote Originally Posted by fxsrikanth View Post
    Sorry for messy chart.........but 1 thing marked in this chart.....which is got my attention...even though it is not mine....

    In this chart.....one channel resistance is marked.....

    So what do you think about that.....

    I have marked that with white box.........

    So shell we give importance to that levels?along with our horizontal levels?

    Or there is no need for that?

    Once again.....sorry for this chart.......

    Name:  5Jrol.jpg
Views: 1875
Size:  37.5 KB
    I think you should stick to nice & clean price action, which you were doing before and was working out very good for you
    Remember, consistency is key.

  9. #4559
    Join Date
    May 2011
    Posts
    342
    Hi fxsrikanth

    That trade was a trade that I was itching about, it was with the trend, decent size bars compared to preceding bars, only thing was its close. I like strong close below the previous bar to make it a solid 2bar.

    That said, I still wonder though as all the other confluences were in place. Sometimes I dont like being anal about my trades.

    Quote Originally Posted by fxsrikanth View Post
    Hi friends......any one trade this?

    I really miss this set up......i think this has formed well .....what do you say?

    Name:  1.jpg
Views: 1899
Size:  31.3 KB

  10. #4560
    Quote Originally Posted by Spongybob
    Hi fxsrikanth

    That trade was a trade that I was itching about, it was with the trend, decent size bars compared to preceding bars, only thing was its close. I like strong close below the previous bar to make it a solid 2bar.

    That said, I still wonder though as all the other confluences were in place. Sometimes I dont like being anal about my trades.
    I took it cos it forms a really nice pinbar after combining the two (formed pinbar also closing within the previous candle -> the candle before the 1st of the 2br),

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