Forex Price Action - Page 483
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  1. #4821
    Join Date
    Mar 2012
    Location
    Sydney, Australia
    Posts
    172
    Good work probably one of the best things you could have ever done for your trading career!

    I have a question - when I left the house this morning there was a perfect BEEB forming on the AUDCHF 4hr chart - is it acceptable to take 4 hour signals at the start of the Aus/Asian session? that session always seems to drift in the opposite direction to the coming UK and US sessions which concerns me a bit.

  2. #4822
    Join Date
    Mar 2009
    Posts
    5
    I'm with you Fxsmurf. I just spent the last couple of days reading through this thread, I'll get through eventually! My first post also.

    Been demoing this strategy. Any thoughts on the AUDCHF. Daily TF showing 2 nice pin bars at some decent S+R

    Sorry I can't post a chart, I'm on my phone, you'll have to check it out.

  3. #4823
    Join Date
    Jun 2012
    Posts
    107
    Quote Originally Posted by Nipps View Post
    I'm with you Fxsmurf. I just spent the last couple of days reading through this thread, I'll get through eventually! My first post also.

    Been demoing this strategy. Any thoughts on the AUDCHF. Daily TF showing 2 nice pin bars at some decent S+R

    Sorry I can't post a chart, I'm on my phone, you'll have to check it out.
    I was tempted to take this one until I noticed the BRN of .9800. Its headed straight into this, which has been a major resistance area which would now be considered support. I'm still contemplating the currency looks like its been overbought the past week. Most likely not I will stick to my rule book and may see something come up on the 4H TF later.

  4. #4824
    Join Date
    Mar 2012
    Posts
    651
    Quote Originally Posted by Bigd41190 View Post
    I was tempted to take this one until I noticed the BRN of .9800. Its headed straight into this, which has been a major resistance area which would now be considered support. I'm still contemplating the currency looks like its been overbought the past week. Most likely not I will stick to my rule book and may see something come up on the 4H TF later.
    Sorry, BRN?

  5. #4825
    Join Date
    Aug 2012
    Posts
    37
    Quote Originally Posted by wigglez View Post
    Sorry, BRN?
    BRN = Big Round Number

    Example: 0.9800, 1.3000, 0.8400, etc

    The idea is that these numbers tend to have significance to them as humans tend to like them and put buy and sell orders right at them.

    Hope this makes sense. And, if anyone has more to add, please feel free so.

    puzon

  6. #4826
    Join Date
    Mar 2012
    Posts
    651
    Quote Originally Posted by puzon23 View Post
    BRN = Big Round Number

    Example: 0.9800, 1.3000, 0.8400, etc

    The idea is that these numbers tend to have significance to them as humans tend to like them and put buy and sell orders right at them.

    Hope this makes sense. And, if anyone has more to add, please feel free so.

    puzon
    Thanks, that doesn't give us a lot of wiggle room.

  7. #4827
    Join Date
    Nov 2011
    Posts
    1
    Finally done reading the whole thread ^^ ,

    Thanks all for the advice , my first post in this thread.

    Hope to post some charts soon for your critics ~

  8. #4828
    Join Date
    May 2011
    Posts
    342
    Hi Paddy

    Its all the more reason one should follow the momentum and not a PA signal. I am seeing many question of PA but in no mans land and against the momentum.

    Thats the difference Johno teaches, an A+ setup is a nice sized PA at KHL with momentum. Surf with the wave not against it.

    Cheers

  9. #4829
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by wigglez View Post
    Sorry, BRN?
    Quote Originally Posted by puzon23 View Post
    BRN = Big Round Number

    Example: 0.9800, 1.3000, 0.8400, etc

    The idea is that these numbers tend to have significance to them as humans tend to like them and put buy and sell orders right at them.

    Hope this makes sense. And, if anyone has more to add, please feel free so.

    puzon
    Hi friends,

    My understanding:

    RN = Round Number
    BRN = Big Round Number
    VBRN = Very Big Round Number

    --

    Yen Example: (AUDJPY)

    VBRN: 80.00, 85.00 ---> every 500 pips
    BRN: 81.00, 87.00 ----> every 100 pips

    --

    USD Example: (USDCAD)

    VBRN: 0.5000, 1.0000, 1.5000 ---> every 5000 pips
    BRN: 0.8000, 0.9000 0.9500 ----> every 500 pips
    RN: 0.9700, 0.9800, 0.9900 ----> every 100 pips

    --

    I'm open to correction if i've mistaken anything

    Cheers!

  10. #4830
    Join Date
    Jan 2012
    Posts
    1,814
    Quote Originally Posted by fxsmurf View Post
    Just finished reading almost every post in this thread. Took me 2 whole months to read it pretty much. Learned quite a bit. This is my first post!
    Quote Originally Posted by Nipps View Post
    I'm with you Fxsmurf. I just spent the last couple of days reading through this thread, I'll get through eventually! My first post also.

    ...
    Quote Originally Posted by currypig View Post
    Finally done reading the whole thread ^^ ,

    Thanks all for the advice , my first post in this thread.

    Hope to post some charts soon for your critics ~
    Welcome to the herd !!

    And kudos for being diligent & committed enough to go through the thread, it's one of the best things you've done for your forex career

    Cheers!

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