Forex Price Action

Here is a live pin bar trade played on the daily chart of the GBPUSD. The daily time frame is by far my favorite time frame. Price action can be traded and applied on any time frame, however I would highly suggest traders start with the daily time frame and once profitable then begin working their way down from there and not the other way around. So often traders start from the 5 minute time frame and work up to the daily time frame and this is often why they don’t find much success. Once you are profitable you can start moving down time frames and as long as you remain profitable and keep moving down to as low as you like. The key is making profits and the daily time frame is a great time frame to do that on.

Safe trading,

Johnathon Fox

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Here’s one for discussion. I will be looking for some Price Action in the highlighted zone on the EUR/CAD. This pair is strongly Bearish and I’m hoping for a nice pullback to the area highlighted before seeing some nice Price Action to get short.


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Heads up on very solid level traders should watch for potential Price Action setups.

Chart is 4hr EURUSD.

Of late the trend has been down in a strong way so trading with this momentum and looking for shorts is definitely preferred to longs!!


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Two areas to look out for:



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Price on many of the Euro pairs does look to be starting to rotate back. I shall keep my eyes peeled.

Aussie 12 Hr Pin. With the recent up move and at support.


Will be interesting to see how this plays out if it breaks higher as their is a little resistance close by over head.

Did you end up taking this trade?

Yes I was entered long when it broke higher.

I will recap when I take profit or get taken out at BE.

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Hey all just to recap this live trade I posted in here. Price has now shot higher and I have taken 50% profit and moved remainder to break even. This trade is a great example of how powerful Price Action trading can be when played from the right areas and manage corrcetly.

Safe trading to all,

Johnathon Fox


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Good thread. Thanks.

Your very much welcome. As I get more time I will post more and more,

Johnathon

Well, i do price action mixed with fundamentals.

Regards.

Really nice pin formed on the EURUSD 4hr timeframe. Apsolute A+ setup.

With the trend, at a pullback to 50% level of last swing and then nice pin bar reversal.

Very nice!


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Hey Johnathon a really nice example of Price Action at work and with a minimum of indicators! I love clean charts.

The Euro pairs had some nice pullbacks last night and I played a similar set-up to the one you’ve posted but on the EUR/NZD.

Trading with the dominant trend price eventually pulled back to a relevant swing zone that I have highlighted on the Daily.


I scrolled down to the 4 hour charts (which is about as low as I personally like to go) and a Bearish Engulfing bar was able to trigger me into the trade. One Price Action signal like this per week can make you a rich man!


Looking forward to swapping more PA ideas with you as we go along.

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Great trading!

The above setup I posted in the EURUSD did fall a lot lower into recent support as well!

Nice trading,

Johnathon


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Hi Johnathon

Nice looking setup just 3 things trend, support and resistance level and setup bar, that looks like a real user friendly way to trade. Simple is often best so many people over complicate things, this is a simple set up with good edge but i suppose the trader has to have the patience to wait for these to come up?

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Thanks Ambo,

I just did a video you may be interested in…

Safe trading,

Johnathon

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Hi Johnathon

This was a sweet trade from a nice S/R level, thank for posting this trade it made some nice pips for me. A nice Price Action signal where old resistance becomes support its a bit tricky to see 12 hour bar on mt4, but an experienced eye can pick it up, I guess especially if you have a nice horizontal line marked.
Money Management seems to be a big part of what you do also, protecting capital by moving to break even after taking some money, seems to work well for you as well.
Nice work thanks for sharing again.
Ambon

Ambon

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It is a hot topic for forex traders.

Read more: http://www.forexpulse.com/f

Well said Amanseo!

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