Forex Price Action - Page 638
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  1. #6371
    Join Date
    Dec 2011
    Posts
    121
    Volan,

    You haven't read Wolfe Waves yet by any chabce?

  2. #6372
    Join Date
    Aug 2009
    Location
    india
    Posts
    182
    Name:  ea.jpg
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    potential sell may emerge in london sessions... in eur/aud

  3. #6373
    Quote Originally Posted by bhops View Post
    Paddy is right, based on J's rules of not entering a PB unless the low is broken there is no way you should have been in the trade.

    PB does look nice but if I am being super critical it didn't really occur at an A+ level on the charts. I personally mark up my zone on the daily and then wait for price to approach this level. I will then drill down to the H4 to see if I can find some PA to get me into the trade.

    However you must remember I have still got the Daily level marked on my H4 charts.

    I will attach a shot of the D1 and the zone I have marked. as you can see this zone looks really relevant and a much better place to look for PA on your H4 charts.

    Attachment 39017
    Dear bhops,
    As Johno mentioned before that you must stick on a certain TF and not jump from one to another. Now I am a bit confused when you told me to look at daily and jump to H4. Could you please explain a bit to me?

    thanks for your help

    EJ

  4. #6374
    Thanks a lot Paddy n bhops.
    Lesson learned!!! MUST NOT ENTERED THE TRADE IF THE PRICE DID NOT BREAK LOW OF THE PIN BAR.

    I entered the trade soon after the PB, it means the open of the next candle.

    EJ

  5. #6375
    Quote Originally Posted by EJ 2301 View Post
    Dear bhops,
    As Johno mentioned before that you must stick on a certain TF and not jump from one to another. Now I am a bit confused when you told me to look at daily and jump to H4. Could you please explain a bit to me?

    thanks for your help

    EJ
    Of course. I trade the D1 and the H4. I mark my important horizontal lines on the Daily. As price approaches these zones I may then hop down to the H4 to look for a trade. I keep the line from the D1 in place because those S&R zones on the Daily tend to carry more weight as more traders are watching these levels.

    If price approaches this zone and I see a nice PB on the H4 I will then enter the trade confident that price has just rejected an important zone. Now all my stops, profit targets and move to BE targets are worked out off the H4 charts as this is the time frame my trade in being played on. In essence I just used the important horizontal S&R zone to help me 'spot' a strong area of the charts from which to get into the trade.

  6. #6376
    Quote Originally Posted by bhops View Post
    Of course. I trade the D1 and the H4. I mark my important horizontal lines on the Daily. As price approaches these zones I may then hop down to the H4 to look for a trade. I keep the line from the D1 in place because those S&R zones on the Daily tend to carry more weight as more traders are watching these levels.

    If price approaches this zone and I see a nice PB on the H4 I will then enter the trade confident that price has just rejected an important zone. Now all my stops, profit targets and move to BE targets are worked out off the H4 charts as this is the time frame my trade in being played on. In essence I just used the important horizontal S&R zone to help me 'spot' a strong area of the charts from which to get into the trade.
    Does it mean you don't put S&R line from H4, always from Daily? Do you also look at H1?

    EJ

  7. #6377
    Join Date
    Jan 2013
    Posts
    5

    Post How To Trade Forex???

    hiiiiiiiiii
    i m a newbie here and i have no idea about these......

  8. #6378
    Quote Originally Posted by EJ 2301 View Post
    Does it mean you don't put S&R line from H4, always from Daily? Do you also look at H1?

    EJ
    Correct I mark my line's on the Daily and play my trades on the D1 and H4. I know some who also play the H1, but I personally don't.

  9. #6379
    Join Date
    May 2011
    Posts
    342
    Hi Anthea121

    I hope you have been through babypips school, then start at page one. If you seriously want to learn you have to put it the time.

    Cheers

    Quote Originally Posted by Anthea121 View Post
    hiiiiiiiiii
    i m a newbie here and i have no idea about these......

  10. #6380
    I hope this is not off subject of this thread but I would like to hear your opinion, recently I ran into, kind of, an argument with another member that also has also his own forex training school about price action on any time frame, he just can't understand as to why many of us claim that the higher the time frame the more reliable the signal is, now I never became profitable with lower TF like 1H and lower but I became quite profitable when I changed to higher time frames. Johnathon prefers the higher time frames like me and most likely he feels the same way I feel about reliability of higher time frames but this guy claims that this idea of higher time frames are better for pa is just pure gospel here at bp. So I would like to know what has been your experience trading the higher time frames here, have you noticed a difference trading Higher TF with price action, I certainly did!

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