bhops,
Thanks for shearing your thoughts…
A question… ? What about general trend? On Daily chart the trend is UP, or…? So in this case you are going to take the trade against the general trend?
Sorry yeah I should have made that clearer it was the 4 hourly.
Yes I treat each time frame separately. Price has been bullish but if price breaks down and cannot back above that former support then that would be good enough for me to short IF I got a nice big bearish PA signal.
Hey yes I did post or rathe copy and paste from one of my article about this but instead this time I will just give you the link and you can go and read. You can find here: Pin Bars intro
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Welcome Lucariga,
and look forward to more of your posts!
Johnathon
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Johnathon,
Thanks for the lesson ! I think I start to get it…!
Vahagn
Ah,… I see
Thanks
I see one of your 4 setups is the inside bar, yesterday you said most inside bars fail
Yes I didn’t say all IB’s fail I said forget most of them. The reason being is traders new to PA trading will get into a lot of trouble with the IB. The reason they get into so much trouble is because literally 50 IB’s form everyday! If we trade all of those we are going to take a hiding!
For me to take an IB it has to be perfect and form part of a story. New traders don’t understand this story and just see an IB and play the break. What mostly happens is they will get stopped on the many false breaks.
So when I asked you to forget them I was trying to steer you down the right path. You will be far better served first learning how the other setups work as they are more commanding and then over time leanring how the over price action story can be formed.
I do hope this answers you question Spongy. Please let me know if not…
Johnathon
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Fair enough Johnathon, I was going against the trend there.
For this thread I will in future stick to PA with the trend. If I find an IB at a S/R level is it ok to bring it up in future?
You can bring up anything you like! We are here to learn and help each other and I wan’t to have all on board who are interested in learning how to trade.
safe trading,
Johnathon
I see AUD/USD starting to trade in a range, trend is up so preference is longs.
Looking for PA at blue area support, pin bar, engulfing bar ect :8:
IF price reaches the resistance level again and fails to break I will be range trading both directions.
Hi!
Questions regarding attached GBPJPY Daily,Weekly charts
-> Are my S/R levels at the (approximate) right place? ( please share yours )
-> Is this an example of a double-bottom formation (meaning price could possible keep rising in coming days/weeks?)
Thanks!
You’re there or there abouts.
The lines you have marked are good but what about the 122.65 area? The area I have a line and marked the blue?
See chart:
So how many members do you have Johnathon?
Do you only chat about your 4 PA entries in your members section?
Been on your site and looks interesting, care to teach an old dog new tricks?
Hey spongy,
we chat about most everything Price Action. Yes we have a live setups forum where we discuss live setups.
I don’t wan’t to turn this in here into that though, and I would prefer to concentrate on people learning in here and to be honest creating something without the usual rubbish that you find all over the net!
1am my time here and I am pooped. Now off to bed.
Safe trading all,
Johnathon
I dont mean to be a pain in the bum but I find it really hard to see your candles or the setups on your charts. I am not asking you to change your colours or anything like that but could you possibly either zoom in on 1 chart that shows the setup or (even better) make the candles bold with the colour. For example fully green and fully red. Okay if not, just as I said I can’t really see what you are trying to explain.
Thank you.
Night,
Johnathon
Hi Spongybob,
Unfortunately, i can’t see your chart or levels clearly…
Could you please save the chart as a picture ( File > Save As Picture ) and re-attach?
Thanks