Forex Price Action

Hi Marcel,

For #5 question, Johnathan has written a great article about fake PA signals:

Price Action That Sucks Traders In…

Cheers

Neat charts dude :)!

Thx for the feedback, dudest and machal.
just another simple question, does the wick’s direction of pinbar has something to do with your analysis?

Hi Guys ,

I posted a 2 Bar reversal few days back for AUD/JPY… That trade is now 200 pips up. Thank you Johnathan for showing light on PA…

Latest graph attached


Great stuff mate! Very well played indeed!

Hi Guys, Hi Jonathan,

I may ask a question, what is your winning ratio using PA, and do you trade only A+ trades? I go through charts, and i can see number of other, more questionable opportunities, do you pick those as well? Could you post some? Do you usually work around SR lines, or do you happen to jump in a middle of strong trend as well.

How do you work in this very volatility out there, i am affraid to touch eur/usd for past few days.

There will be some action here. What do you usually do, wait for the next candle to confirm the direction? What if it will be doji? Wait for another one?


p.s: i am amased with this thread. its a light in a tunnel for me.

Hi Dudest, I do like the look of your trade plan, thanks for posting.
If the scenario goes as planned, would you take the first signal that appears at the S/R area or could we expect a retest which may jeopardise our stoploss?
Its a strong S/R area so I think I’d take the first signal, is that your view too? Keep up the great posts!

Hey, of course u should take if u see PA sign but we must waiting what chart show.

Cheers

Whoa! good stuff Hemant :slight_smile:

Hi Philwest,
I agree with Machal. If a big & obvious PA signal appeared at that level, I’d jump right in!

Cheers

Thanks guys, I just realised the retest would be likely if price breaks up through the S/R line, giving us a possible long opportunity, but less likely if its a good sell signal as this would be with the trend.

Hi guys,

Just to let you know that I have joined FSO in order to better my price action trading and take it to the next level.

For obvious reasons I will not be posting on live trades or trade management as these are discussed in the members’ forum & would be unfair.

I however will continue to contribute as much as I can, and look forward to more great learning and interaction with the great traders in this thread :slight_smile:

Cheers!

2 Likes

GODSPEED BRO!

have you tried jonathans PA on live trading?

Hi Pamboys,

Yes, I have been live trading Johnathon’s method for 3months now, big difference in profitability and attitude

Cheers

Assuming I have the funds at the end of this month (after an expensive house move!), I think I’ll be joining you! I have exactly 12 months to the day (Happy Birthday to me!) before I retire from the forces, and have to be absolutely convinced that I can hack this!

Regards

Andy

Anyone have any thoughts on this pin on the NZDJPY D1?

The pin is big and obvious and formed at a nice level. However it is counter the recent trend and the BRN at 63.00 is right around where the entry should be.

This is what my lines mean:
Dashed red line = SL
Dashed purple line = entry
Dashed green lines = TP points
Solid pink lines = S/R


NICE!! … Last two days i begin to test this on my live and STICK to this system religiously , for two days i endure not trading hahaha!

as for now still waiting for the right setup…

I also want to join FSO, soon :slight_smile:

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anyway anyone looking at this chart?
AUDUSD


hi tyranisauforex.

wow that looks good to me…but i have a hang up about it
the yen pairs are all in a spin but the worrying thing is the usd jpy has passed through what seems to be a major resistance line and it is now using it as support… there was reverse head and shoulders today that i caught the action on…(UJ) and this is what broke through resistance.

so all the yen pairs are looking bearish…but the usd yen pair is sat on a rock solid support line now …and the prior candle was an inside bar…but not a drastic one…(ie the candle before it is similar in size).if this inside bar breaks in a bearish manner then you are in the money …and probably in the money if you take UJ too…
but the pin you got there is the A+ signal…

so i think this is a decent pin…but is that all that matters…what about other yen pairs…is the usd yen pair the daddy of all yen…or do you completely never correlate chart with other charts with this system.
do you just focus on 1 chart at a time exclusively or what. ?

hopefully johnathon will answer this question.

i dont think i read johnathon discussing this up to this point in the thread.

uj daily



uj 4 hourly.on support after head and shoulders. next to the inside bar that was formed.

Do you guys think this is a good setup into AUD/CAD or do you think there is resistance below what would be the entry? Reason for trade would be bearish engulfing bar at an S&R line.


Can tell somebody what is FSO i would also like to join it. Thank You