Forex Price Action

[chisha]

Johno
after studying this thread for a while & following you & all the seniors & reading your articles at FSO & watching all the videos. I have decided I’m joining FSO this coming week. I don’t want to be left behind NO SIR

[tonyro44]

At chisha , you will not be left behind, because your dedication to learn and go forward with Passion will not aloud .that.

Johno
after studying this thread for a while & following you & all the seniors & reading your articles at FSO & watching all the videos. I have decided I’m joining FSO this coming week. I don’t want to be left behind NO SIR

[forbiden]

Hello traders, I wanna complimentary that from today I’m member of FSO.

[chisha]

Thanks Tonyro44!!

At chisha , you will not be left behind, because your dedication to learn and go forward with Passion will not aloud .that.

[chisha]

Hello traders, I wanna complimentary that from today I’m member of FSO.

That’s cool, I’ll see you on the other side in a few days.

[EternalNewB]

Guys this thread is going too fast and if I want to make it to FSO I need to make some money first

Can anyone care to give me a second opinion on post522628 page 1108 ?

and also what is a 2bar reversal ?

thanks

[PIPOFF]

@abc2005

we’ve a 2bar reversal on 12h

So we have two confirming signals 12 hr two bar reversal and daily pinbar.:60:

[Spongybob]

@PIPOFF

So we have two confirming signals 12 hr two bar reversal and daily pinbar.:60:

IMO thats more an indecision bar on daily and not a PIN because of the lower wick. So a nice strong up move to resistance and now traders not sure where its going or some profit taking before weekend. The previous bar stands out more than the indecision bar together with the other factors makes it a big NO trade for me.

Just my opinion

[Panupat]

Guys this thread is going too fast and if I want to make it to FSO I need to make some money first

Well EternalNewB. I’ve lost thousands in a single trade before. That’s like 10 times the FSO fee Really, I’d rather spend those money educating myself.

And my newbie opinion on your charts…

EUR/JPY - That’s a tiny tiny tiny little candle. It’s not a pin bar, but even if it is, [I]size[/I] does matter. Choose one that is large and obvious.

GBP/JPY doesn’t have any signals that I can see. If you’re looking at the last candle, again it’s very tiny.

EUR/CAD actually looks good.

[abc2005]

HI
I’ve a question .we spotted a trade on gbp/jpy . I remember mr johnson said (not very sure) that he doesn’t trade monday morning till the European market opens .
correct me if I’m wrong ,so we shouldn’t place the pending orders during the asian session and we should wait until Europe market opens and then we place the orders.
is that correct ?

Thanks

[EternalNewB]

Well EternalNewB. I’ve lost thousands in a single trade before. That’s like 10 times the FSO fee Really, I’d rather spend those money educating myself.

Thank you for your answer I however don’t have a thousands let alone to trade with in forex, all I had was 300 usd that I could afford to lose.

of course I could have bought my FSO membership but then I wouldn’t have had any capital to trade with so I opened a forex account with the money and planning to slowly grow it to get my FSO membership

[tonyro44]

You know trading is not a one size fits all, you need to call the shots as you see it. There are times that the Asian market opens with strong news and it starts strong for a while, however most times that market is slow. So if you feel strongly about the pair in question, i don’t see why not place a pending order on the Asian market. I for one don’t like to use pending order, but if i am not going to be around the computer, i will then use them. Everything has it’s use at one point or other.

HI
I’ve a question .we spotted a trade on gbp/jpy . I remember mr johnson said (not very sure) that he doesn’t trade monday morning till the European market opens .
correct me if I’m wrong ,so we shouldn’t place the pending orders during the asian session and we should wait until Europe market opens and then we place the orders.
is that correct ?

Thanks

[SkyHigh]

Panupat, could you tell me why you think EUR/CAD looks good, please?

In my opinion EUR/CAD’s pin bar is to small/tiny/ Aka the candle itself, the wick is somewhat decent length

I would not consider it as a good PA signal.

[jackson905]

All the positions I’ve been in the past 20 days have been closed in profit

Great Job!! Although i cant say i agree with all the setup you took but yes! most of them! i hope i can join you guys soon!

Cheers!

Jack

[tonyro44]

This is the beauty about trading, it’s like looking at a picture, everyone sees something in it that stands out to them. That is why threads like these are so important, because it brings allot of different talents to the table and it becomes a win win situation for all. Great job on your trading chisha, it’s nice when things come together.[ QUOTE=jackson905;522742]Great Job!! Although i cant say i agree with all the setup you took but yes! most of them! i hope i can join you guys soon!

Cheers!

Jack :)[/QUOTE]

[jackson905]

This is the beauty about trading, it’s like looking at a picture, everyone sees something in it that stands out to them. That is why threads like these are so important, because it brings allot of different talents to the table and it becomes a win win situation for all. Great job on your trading chisha, it’s nice when things come together.[ QUOTE=jackson905;522742]Great Job!! Although i cant say i agree with all the setup you took but yes! most of them! i hope i can join you guys soon!

Cheers!

Jack

[/QUOTE]

Well said

[jackson905]

Panupat, could you tell me why you think EUR/CAD looks good, please?

In my opinion EUR/CAD’s pin bar is to small/tiny/ Aka the candle itself, the wick is somewhat decent length

I would not consider it as a good PA signal.

Its not with trend, its certainly not in a range. Therefore, its not an A+ signal.

[dudest]

@abc2005

Thanks for replies
a valid pinbar should have these conditions (Things that I write down) :
1- a big and long wick
2-3/1
3-the wick should stick out from previous candles
4- we should consider the power and size of the previous candles . If previous candles are much larger and bigger than the pinbar , for me it’s not valid . (I’m a little hesitated about the 2 candles before it )
5-it should close with in the previous candle .

Other factors :
we’ve a very good uptrend and making higher highs and higher lows .
The market is came back on a solid S/R level , this is also the last swing’s high .

I’m not sure my position had a problem , I think it’s normal and my position was right ( at least I think )
Can you tell me your opinion about this trade ?
Thanks

Hey abc,

I like your analysis, and thanks for coming back to me on that.

There’s one key point you missed though, one that cuts across all setups.

The setup must close in the last 1/3rd of the candle in the desired direction. That is, it must show resoluteness / strength.

In this case we have BULLISH pinbar. The original H8 candle has open and close near the MIDDLE of the candle >> does not inspire confidence that price wants to go long. Compare with the (MOD), and note the difference.

.

[jackson905]

HI
I’ve a question .we spotted a trade on gbp/jpy . I remember mr johnson said (not very sure) that he doesn’t trade monday morning till the European market opens .
correct me if I’m wrong ,so we shouldn’t place the pending orders during the asian session and we should wait until Europe market opens and then we place the orders.
is that correct ?

Thanks

He said that he doesnt trade monday [B]intraday/B trades. However if you found a [B]DAILY[/B] signal on friday, you certainly can put pending order if the spread is not huge

[jackson905]

@dudest

Hey abc,

I like your analysis, and thanks for coming back to me on that.

There’s one key point you missed though, one that cuts across all setups.

The setup must close in the last 1/3rd of the candle in the desired direction. That is, it must show resoluteness / strength.

In this case we have BULLISH pinbar. The original H8 candle has open and close near the MIDDLE of the candle >> does not inspire confidence that price wants to go long. Compare with the (MOD), and note the difference.

.

Gd job with the Mod, ill probably trade that haha