Forex Price Action - Page 501
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  1. #5001
    Join Date
    Apr 2012
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    Hastings -New Zealand
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    121
    [QUOTE=LeonMiyavia;420342]Hi guys.:chart I'm unsure of is the NZD/USD 4hr chart, as it seems after the previous pin bar was formed, now it is forming another pin bar which might bring the candles to be bullish. What are your views?
    Hi there Leon,
    Great that you are joining in here. Just a couple of things though - Can you resize your charts as it is pretty hard to identify the latest ( & Most Important ) Price Action. I am not too sure if you are using New York close bars which is pretty much a requirement on this thread so that we are all looking at the same thing.
    It is recommended reading the 1st 50 pages of this thread. Johnathon covers everything you might need there.
    Just ask if you need help.
    In response to your question on the NZD/USD H4 - The bar you refer to as a PinBar is not actually a PinBar.

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    The strict definition of a good PB is that it must be large enough to stand out from the crowd , it should have a nose that is at least 3 x the real body and it must close within the preceeding bar. Recent momentum is strongly Bearish and I would need an exceptional PA signal to consider any Long trade. In fact I will be watching now for a continuation down then a re-trace back to test recent Support now possible Resistance and try and enter Short.
    Hope this makes sense mate.

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  2. #5002

    Sell EU with Pinbar ?? Other comment ?

  3. #5003
    Join Date
    Nov 2012
    Posts
    20
    Name:  au.jpg
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    Notice this pair just now. Newbies here. Any comment on this pair?sorry for the short form.

    Should be double pair of bearish engulfing bar. Daily chart
    Last edited by Jeff5796; 11-14-2012 at 11:05 PM.

  4. #5004
    Quote Originally Posted by Jeff5796 View Post
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    Notice this pair just now. Newbies here. Any comment on this pair?sorry for the short form.

    Should be double pair of bearish engulfing bar. Daily chart

    Are you sure use broker GMT +2 ?
    Last edited by maxryan9999; 11-14-2012 at 11:20 PM.

  5. #5005
    Join Date
    Mar 2012
    Posts
    651
    Quote Originally Posted by maxryan9999 View Post

    Are you sure use broker GMT +2 ?
    is it because that pin bar made a lower low?

  6. #5006
    Join Date
    Nov 2012
    Posts
    20
    My broker is Oanda. The closing time for daily chart bar is 0000 hour North America.

  7. #5007
    Quote Originally Posted by wigglez View Post
    is it because that pin bar made a lower low?
    I think only lower low in next time if price fall .

  8. #5008
    Join Date
    Mar 2012
    Posts
    651
    i took some of these trades i thought were at decent levels. Have a feeling i'm in for a world of pain

  9. #5009
    Quote Originally Posted by meadsie View Post
    Thanks Spongy - The Boss beat me to it but yep - I sure am . After 6 -7 years of Indicator Cr-p, I was still going nowhere real fast.! Found Johnathon's PA thread here on B/Pips which showed me the way to FSO. Jeepers - it was here in front of me all the time . I just did not know what I was supposed to be looking at. Thanks to Johnathon , you, Dudest etc ( sorry if I missed some out), I am finally starting to see what PRICE ACTION is telling me. So Much to Learn - So Little Time (LOL )
    What the FSO ??? i'm newbie

  10. #5010
    Join Date
    Apr 2012
    Location
    Hastings -New Zealand
    Posts
    121
    Gidday Max - if you go to Johnathon's very 1st post on Page 1 of this thread and click on his Logo, you will be pleasantly surprised.
    All will be revealed

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