Nice BUEB formed on the EURJPY 4 hour chart at a nice support level. Even had a nice pin bar forming on the 1 hour chart but just before the close it shot up and i do not know what you would call that candle now…
[QUOTE=“sachithgh;516219”]4hours BEEB on USDCAD at swing high
4Hour Chart
<img src=“301 Moved Permanently”/>
Daily Chart
<img src=“301 Moved Permanently”/>
Is this A+ setup?
Any opinion pls.[/QUOTE]
Too much traffic to the left of the price on the daily chart so I wouldn’t trade this. With that said, it could work out but it’s not a setup I’m looking to enter
Looking at the charts posted here, theres a lot of traffic on most of them. Not really a clear trend, might be in range. So many people so unsecure of what they are actually looking at. Why not keep track of AUD/USD, EUR/AUD and GBP/AUD on daily. These are three very obvious trades. The trend is clear, no heavy traffic, ALL have recently broken heavy resistance. All we need now is a sweet PA signal on one or all of them. Remember folks, - KISS - as johnathon has spoken of.
AUDUSD, 4 hour chart. Possible BEUB forming at a previous support which now should act as resistance or will it push a bit further up before retracing?
Still 1,5 hours left until the candle closes so we will see what happens.
Yeah i also would have liked a deeper retrace into previous support/resistance. But since we have a pretty strong downtrend over the last couple of days this may be as far up as we go before continuing south.
I personally like the look of the BEEB that has formed now so i’ve placed my entry orders a few pips below the wick of it. We’ll see what happens.
We may also have a nice pin bar forming at the EURUSD 4 hour at a nice resistance level. But it would be a counter-trend trade. Still 50 minutes until the pin bar closes.
I am amazed how powerful this way of trading is! If you remember i made 500 pips on the USOil last week and closed my second position when price reached the upper resistance. Once there it formed a nice 2 bar reversal pattern (please correct me if i am wrong) and i jumped on. Now i have closed my first position with +100 pips profit and have my stop placed at +30 pips. My second position currently is +250 pips in profit.
Question: Do the bars in the 2 bar setup have to be equal in length or is this a valid setup i took?
Last week i also entered the USDJPY (240 min chart) after a nice BEEB had formed. First position closed for a profit och +70 pips. SL now at break even and second position +140 pips in profit.
The only trade i am in on top of that is the AUDUSD, my entry got triggered a few hours ago.
Fantastic way of trading with no stress at all. The hardest part is to be patient and wait for setups to present themselves. Thanks Jonathan for teaching this for free on baby pips!
Great Job Mate Keep it going! :35: Now that you have had your “AHA” moment, the only key is to not get greedy and begin over trading. Now you see how easy it really can be when the A+ setups are there to be traded, the trick is to be like a robot and only pull the trigger when there is a signal to be traded and not get frustrated when there is nothing to trade. If you can do that the world is at your feet.
I joined EurUsd daily chart short 7 days ago at exactly 132910 and have placed my SL at 13346. A day after I was in green 80pips, but the Non Farm News happened and the pair shotup, but till now still did not hit my SL. Am a range trader and don’t trade the news, just good MM and patience. So according to my plan, even 7 days later and right now 10pips in red, am staying to my trade.