Hi, I saw bearish engulfing forming now on AUDCHF maybe short after pass low of the candle tonight… Its with trend direction. I thought yesterday that is pullback but its agains the trend, someone looking this chart?
I’m also on this trade but I went from a 12H chart pin bar. Entry a few pips above the pin bar high.
The price is in a trouble area right now and I’m looking into closing if indecision is present.
Just want to say well done guys on the Pin Bar trade. I personally would have traded the last engulfing candle on the chart, The fourth candle along. What do you think guys ?, just an opinion. Please forgive I am still trying to get to grips with adding Charts and quotes. #6285 and #6289
-> I clarified after that by ‘not valid’ I meant ‘not tradeable’
-> That is: the pin was technically fantastic, but where it was formed made it not tradeable IMO (charts below)
Eur/Aud
Hi All,
See the attached Eur/Aud daily - BUEB forming at swing low and the weekly chart where a pin bar is forming. Potential long trade on close of daily. Potential to previous highs at 1.2780. What you think?
Daily - BUEB forming
If it closes as is (as a pinbar), I will pass, because right now it is under (new) resistance. I will instead look for short PA on H4 (pinbar rejection appears as a pullback).
If the current pinbar however closes as a BUEB (by climbing higher through the S/R zone), I will go long with it.
Hi, I am going to enroll into FSO, can any senior member post a genuine review of the members’ area?
I am asking only because forex world is full of scams right now, don’t wanna risk hard-earned money on something not worthwhile. Hope u guys understand. Thx in advance.
Im not a member. And I dont think I want to be since I have a unique style in trading and I have a lot of restrictions in my trading. I just hope I would be profitable in the long run. Im doing good so far. I would bank on this for now. If I just joined forex and really lost I would take the course. It would save me a lot of money. The thread is solid and legit. What more the real membership club would be. Most of the members helping here in the thread are, I believe, members of the big boys club. Learned a lot from them especially from this thread. My style depends on this concept a lot. Im not promoting his website, just have a great respect for the guy.
I am a member and genuinely cannot speak highly enough of both Jonathon and also the forum/course. There is a daily set up thread, an intra day set up thread, a senior trader only thread (which is pure gold) as well as several others that are all great, any questions get answered by a senior trader within hours if not minutes, Jonathon is very active in all thread on a daily basis and responds to emails within a day 99% of the time.
the course itself deals with way more than the free stuff Jonathon gives away on his site and in this thread and there is also a real focus on trade management which is the hardest part of the technical side of trading. There is also alot of focus on the psychological side of things which is usually what makes or breaks a traders success.
In short it is likely some of the best money you will ever spend.
Disclaimer - I am in no way affiliated with FSO and purely just a standard member trying to make my way though to a consistently profitable trader. I do not stand to benefit in anyway from this review apart from being glad to give back to an awesome mentor and the FSO trading community.
I see it’s just below the 9700, but looking at the last time it went through 9700 on the up move, it went through casually like there was no resistance.
I’m glad this trade was taken by folks on this thread. This was a perfect example of everything J is trying to teach. Trading with the trend, waiting for a pullback to a relevant zone and waiting for PA to get in.
I took this trade instead of the EUR/AUD. I just liked the space of the EUR/NZD a bit more. Slightly trickier than simply trading with the trend, but can be profitable once mastered over time.
This pair is range bound and price has reached the bottom of the range and printed a large BUEB. I will look to move to BE @ 1.58000 and full profit at the top of the range.
Here is the chart just after the BUEB closed for the day. Good luck to me!!