Forex Price Action - Page 640
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  1. #6391
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
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    1,511
    Quote Originally Posted by yak2444 View Post
    what u guys think of PB at 1.0525 on 12H AUDUSD.though the pin does'n stand out from the rest of bars ,but by definition it perfectly fits. and 1.0525 was an area of s/r in the past.
    If you are already making excuses for the trade I think you know the answer.

  2. #6392
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    Jan 2012
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    Quote Originally Posted by Gangman style View Post
    Anyone see signals for entry this evening? Becouse I didn`t... :?
    Before 2 days I opened my first real account but first trade wasn`t good, I lost 80$ from 500... (maybe I shoudn`t entry sunday to monday) now I wait some good signal to make up the ballance... Any ideas for this evening, or soon? Im waiting EUR/USD for pullback an PA signal, but this will be I think thursday or friday
    Thinking this way is the reason accounts get blown.

    Looking for trades to make lost money back will not end well.

    You need to let that go, and then let the market come to you. If you go to it and start making up setups you are going to lose more.

    Johnathon

  3. #6393
    Join Date
    Sep 2010
    Posts
    38
    Quote Originally Posted by Forex School Online View Post
    Thinking this way is the reason accounts get blown.

    Looking for trades to make lost money back will not end well.

    You need to let that go, and then let the market come to you. If you go to it and start making up setups you are going to lose more.

    Johnathon
    Strongly agreed with what John said. This is exactly what happened to me last time.

    I was too eager to win back the money I lost, and I ended up forcing trades and losing more and more.

    It's human nature and I took quite a while to overcome it. Now I become a more matured trader and I do not get emotional when I have losing trades. I'm willing to let it go and wait for another setups to come. Now I trade far lesser than before where I have <10 trades a month. It helps to reduce volatility on my account and generate more consistent result each month.

    Anyone see signals for entry this evening? Becouse I didn`t... :?
    Before 2 days I opened my first real account but first trade wasn`t good, I lost 80$ from 500... (maybe I shoudn`t entry sunday to monday) now I wait some good signal to make up the ballance... Any ideas for this evening, or soon? Im waiting EUR/USD for pullback an PA signal, but this will be I think thursday or friday
    I can see that you risked about 16% on one particular trade ($80/$500) which I think is highly overrisked. It will create huge tense on your emotion and It will likely lead you to revenge trading. I suggest you to reconsider/restudy your money management plan by risking lesser % on your account. For me, I never risk more then 3% of my acccount size on a trade. This helps alot in reducing volatility and drawdown on account.

    Hope it helps and good luck in your trading.
    Last edited by liangko; 01-16-2013 at 12:39 AM.

  4. #6394
    Anyone also look at EURGBP daily?
    Please give me some input for this one. thanks
    EJName:  eurgbp daily.jpg
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Size:  27.8 KB

  5. #6395
    Join Date
    Dec 2011
    Posts
    121
    EJ, Same level. Also looking at your buy 1 entry but not sure if there is going to be such a big pullback.

    AUDJPY looking interesting too and coming down to support around the 92.40/92.50 region. Still need some kind pof PA to get in. I like these with trend trades

  6. #6396
    Join Date
    Dec 2010
    Posts
    136
    Good morning all guys, I'm trying to learn all the teachings of the SUPER MASTER Johnaton ().... watching his free videos and readings his articles and this topic.
    English is not my mother language, so I can easily have misunderstood some things, especially in videos. I'm sorry since now for my bad english and... hey guys, be patient with me
    I'm trading PA with different results since 2 years, so I have some basis on PA. The hardest thing for me to learn is to anticipate swings High/Low BEFORE they happen and not AFTER.
    I wanna show you an example I've found on J videos:
    Name:  john.jpg
Views: 3015
Size:  23.7 KB

    J said, if I understanded well, that the 1st BUEB is not a trade because is not formed at a swing low and the 2 is a good BUEB to take. Why?
    My definition of SWING LOW: Is a candle with, at least, 2 candles before and 2 candles after it, both with higher lows (fractal)
    For me the 1st is forming at the end of a retracement and is a fractal, so, in my opinion, the 1st is exactely like the 2nd and both are swing lows.
    What am I missing?
    Which is the difference between the two?
    How can I know I'm trading a swing low WHEN IS FORMING and not AFTER?

    Many thanks to all guys especially to John....
    Last edited by lucariga; 01-16-2013 at 05:06 AM.

  7. #6397
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
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    1,511
    Quote Originally Posted by EJ 2301 View Post
    Anyone also look at EURGBP daily?
    Please give me some input for this one. thanks
    EJName:  eurgbp daily.jpg
Views: 3022
Size:  27.8 KB
    Yep looks solid area to get long on daily to me......

  8. #6398
    Join Date
    Jan 2012
    Location
    Melbourne, Australia
    Posts
    1,511
    Quote Originally Posted by lucariga View Post
    Good morning all guys, I'm trying to learn all the teachings of the SUPER MASTER Johnaton ().... watching his free videos and readings his articles and this topic.
    English is not my mother language, so I can easily have misunderstood some things, especially in videos. I'm sorry since now for my bad english and... hey guys, be patient with me
    I'm trading PA with different results since 2 years, so I have some basis on PA. The hardest thing for me to learn is to anticipate swings High/Low BEFORE they happen and not AFTER.
    I wanna show you an example I've found on J videos:
    Name:  john.jpg
Views: 3015
Size:  23.7 KB

    J said, if I understanded well, that the 1st BUEB is not a trade because is not formed at a swing low and the 2 is a good BUEB to take. Why?
    My definition of SWING LOW: Is a candle with, at least, 2 candles before and 2 candles after it, both with higher lows (fractal)
    For me the 1st is forming at the end of a retracement and is a fractal, so, in my opinion, the 1st is exactely like the 2nd and both are swing lows.
    What am I missing?
    Which is the difference between the two?
    How can I know I'm trading a swing low WHEN IS FORMING and not AFTER?

    Many thanks to all guys especially to John....
    Firstly do you realise why we trade from swing points? We need to enter at value areas and trading from the corrects swing points not only allows us to enter at value, it ensure we are not entering straight back into a swing point of S/R. The other main reason is because the price action signals we use in here are reversal signals. This means that to go long we need to be picking price to reverse from a swing low back to a high. Once again this ensures we are not entering into key levels of support or resistance.

    If for example we enter a bullish Pin Bar from a swing high instead of a swing low, we will be entering picking price to go from a high and then to continue higher, rather than from a low to go to a high. We would not be entering from a value area, we would not be picking price to reverse, and we would be entering back into the swing resistance. The best way to explain this with chart below:

    Name:  incro.jpg
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    We cannot simply class a swing as 2 candles. If we have 2 inside bars price has not really moved and will be in the same place....

    These are very easy to spot in real time. You simply just need to take into account what I said above. Are you trading and picking price to reverse or continue? Are you entering from value or looking for price to continue?

    The next thing you need to think about is why we enter at value. Yes the first two reasons are so we are not entering straight into swing high and low support or resistance and also so we are picking price to reverse but there is another reason and it is so we are not being entered at rubbish areas where the flow of the market is taking profit and exiting and we are entering.

    It is very common for traders to enter from areas that are either very high to go long or very low to go short. in other words instead of buying low and selling high, they will buy high and hope to sell higher. The problem with this is often they will be put on the wrong side. The chart below explains this; (forgive quick drawing).

    Name:  ccp.jpg
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    Lastly your english is great. I admire all those that speak another language. I know we have a lot in here. i struggle with just the one at times and i will always cut some slack for those speaking in another language.

    Safe trading,

    Johnathon

  9. #6399
    Quote Originally Posted by liangko View Post
    Strongly agreed with what John said. This is exactly what happened to me last time.

    I was too eager to win back the money I lost, and I ended up forcing trades and losing more and more.

    It's human nature and I took quite a while to overcome it. Now I become a more matured trader and I do not get emotional when I have losing trades. I'm willing to let it go and wait for another setups to come. Now I trade far lesser than before where I have <10 trades a month. It helps to reduce volatility on my account and generate more consistent result each month.



    I can see that you risked about 16% on one particular trade ($80/$500) which I think is highly overrisked. It will create huge tense on your emotion and It will likely lead you to revenge trading. I suggest you to reconsider/restudy your money management plan by risking lesser % on your account. For me, I never risk more then 3% of my acccount size on a trade. This helps alot in reducing volatility and drawdown on account.

    Hope it helps and good luck in your trading.
    Thank you, both, you and John, you are right I have to be more patience and I shoud decrease the risk. I think humens are learning from they mistakes, I think I edifying from this case, I hope next time to emerge

    Thaks again

    Oh, I almost forgot, we shoudn`t open position on friday and sunday after midnight right even we have signal?

  10. #6400
    Is this also A+ setup?
    anyone took this trade?
    Name:  eurusd.jpg
Views: 2856
Size:  33.7 KB

    EJ

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