Forex Price Action - Page 918
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  1. #9171
    counter trend, passed.


    Quote Originally Posted by monjorra View Post
    Shorting EURUSD H12 Bearish pin with 61 Fib. Pinbar formed from Daily res area .. its a counter trend trade. i want to know a little bit details from seniors.

    Attachment 47178.

  2. #9172
    Join Date
    Jan 2012
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    Quote Originally Posted by monjorra View Post
    Shorting EURUSD H12 Bearish pin with 61 Fib. Pinbar formed from Daily res area .. its a counter trend trade. i want to know a little bit details from seniors.

    Attachment 47178.
    Hallo monjorra,

    The pin's counter but bouncing off a key Daily level

    All the best with the trade!

    I'll be looking for longs around the 1.3285 area


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    .

  3. #9173
    If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?

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    Thanks, everyone!

  4. #9174
    Join Date
    Feb 2013
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    313
    Quote Originally Posted by cosminc77 View Post
    If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?

    <img src="http://forums.babypips.com/attachment.php?attachmentid=47180"/>

    Thanks, everyone!
    Seems to me that it's trading straight into a big box of traffic though?

  5. #9175
    Join Date
    Jan 2012
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    Quote Originally Posted by cosminc77 View Post
    If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?

    ..

    Thanks, everyone!
    Hey cosminc!

    Great spot

    -> KHL: check!
    -> Swing point: check!
    -> Size of pinbar (ASSUMING IT CLOSES THIS WAY): check!

    Now my only concern is SPACE TO TRADE INTO. There are (at least) two trouble areas above that pinbar that could stall/halt the climb upward. And (personally), only for that reason would I stay out of a good-lookin' POTENTIAL trade like this

    Cheers

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    .

  6. #9176
    So, we need to delete 7-8 days from the box to be a good looking setup... like Johnathon used to do

    Thanks again for your collaboration! Very useful!

    Quote Originally Posted by Wookie1985 View Post
    Seems to me that it's trading straight into a big box of traffic though?
    Quote Originally Posted by dudest View Post
    Hey cosminc!

    Great spot

    -> KHL: check!
    -> Swing point: check!
    -> Size of pinbar (ASSUMING IT CLOSES THIS WAY): check!

    Now my only concern is SPACE TO TRADE INTO. There are (at least) two trouble areas above that pinbar that could stall/halt the climb upward. And (personally), only for that reason would I stay out of a good-lookin' POTENTIAL trade like this

    Cheers


    .

  7. #9177
    Join Date
    Jan 2012
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    Melbourne, Australia
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    Quote Originally Posted by Edmo View Post
    Attachment 47162


    I cannot explain what happened here. Boom, all of a sudden bullish reversal. Are we ever gonna win this battle? Who can explain this chart to me pls. Overall trend baerish, the candles looked ok and still a losing trade. Just check out the last 2 Pins.
    I joined the trade with the first Pin, singing Hosanna and the Cumbaya... Then it happened, all gone up again???????
    A few people have explained this to you, but I get the feeling you may not be 100% be understanding what they are trying to explain.

    This is critical. The area you made this trade from was a horrible area to trade from. It was smack bang in the middle of no-mans land and this is somewhere we never want to be getting into trades. You experiences a tug of war between the bulls and bears and you are going to keep experiencing them if you keep enetring in those areas.

    When you enter in the middle the bulls and bears and going through a fight to work out who will push price where. You don't want to be taking a part of this fight because this is when price can whipsaw in any direction and it can be no fun at all.

    This is when you need to sit on the sidelines and wait for price to move into your key levels and then trade when the market has shown it's hand. You have your key black levels marked. ( I am guessing they are your levels?) These are the only two levels you should ever be trading from. You should not be doing anything in the middle of that rubbish.

    I recently made an article on this discussing this exact subject because I noticed a lot of people struggling with it. You can find it with the rest of the articles. If you have any questions please let me know and when I am back in here in a couple of days I will answer or Bryce, Dudest will help you out.

    This is really crucial so don't be shy about asking questions.

    Johnathon
    Last edited by Forex School Online; 06-13-2013 at 11:51 AM.

  8. #9178
    tonyro44 is offline Superior Master Contributor and Member
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    Sometimes it takes someone else to turn on the light.I think the light was turned on bright this time.)) great job explaining.

  9. #9179
    Join Date
    Nov 2011
    Location
    Singapore VIA China
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    NZDUSD Daily

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    See how this goes

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    This as well !

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    weekly ranging CADCHF

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    For the Future!
    Last edited by jackson905; 06-13-2013 at 12:12 PM.

  10. #9180
    Join Date
    Jan 2012
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    Melbourne, Australia
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    Quote Originally Posted by tonyro44 View Post
    Sometimes it takes someone else to turn on the light.I think the light was turned on bright this time.)) great job explaining.
    Don't ya just love when you have one of those "AHA" moments? They are awesome! You can walk around for weeks felling confused and then all of a sudden sometimes without knowing why just all of a sudden "AHA"! and it clicks!

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