Price Action That Matters For Beginners

Think of it like this:

What has been happening the Aussie lately - judge by the aud/usd h1

What has been happening the Euro lately - judge by fibre h1

So therefore does the ‘flag’ make sense …

I’m guessing a h4, hard to see, many will say if you take the bottom of the flag pole to the top, then bottom of the flag to the top …load of baloney imo :slight_smile:

Hi Krugman,

my colleague today just told me about this interesting PA pattern:


I believe we call that Morning Star, and we list that as valid PA signal that we use in this community. Is there any plan that you’re going to cover how to trade Morning Star and Evening Star in more detail anytime soon?

Also, what do you think about Pinbar, 2 Bar Reversal, and Morning Star & Evening Star? If we combine a valid 2 BR or a valid MS/ES, we will come up with a valid PB. Are they then in equal footing, or should we think them as PB > 2 BR > MS / ES in term of PA strength?

[QUOTE=“wm247;570590”]Hi Krugman, my colleague today just told me about this interesting PA pattern: <img src=“301 Moved Permanently”/> I believe we call that Morning Star, and we list that as valid PA signal that we use in this community. Is there any plan that you’re going to cover how to trade Morning Star and Evening Star in more detail anytime soon? Also, what do you think about Pinbar, 2 Bar Reversal, and Morning Star & Evening Star? If we combine a valid 2 BR or a valid MS/ES, we will come up with a valid PB. Are they then in equal footing, or should we think them as PB > 2 BR > MS / ES in term of PA strength?[/QUOTE]

Willy, the morning star/evening star can be great patterns to trade. They are on my list of things to teach but towards the bottom. They don’t happen very often and high quality ones even less often. The pattern is usually large so they aren’t practical to trade unless you use a retracement entry or modified stop loss. Since they are a 3 candle patterns, it can be a little harder to pick out the good quality ones, so are more geared toward the intermediate skilled traders. In your picture you posted I would say only the 2nd from the left was tradable, and some of the others were arguably not MS patterns. The star(2nd candle) cannot protrude more than halfway down the 1st and 3rd candle, in most of the ones on the picture the 2nd candle wick was protruding up into the bodies of the 1st and 3rd candle. Also on the MS you want very little to no upper wick, and you want the 3rd candle as large or close to as large as the 1st candle.
Morning star and evening star patterns aren’t trades often in Forex because the original requirement was that the star gapped outside of the 1st and 3rd candles. This is common in the stock market but never happens in Forex. So the Forex definition is a little more lenient. With all of that being said, it is a great pattern to trade. I probably won’t be getting into writing about it until I get some other important topics written about first. It may be something you want to start practicing and learning about right now on a demo account. I would encourage that.

Hi There guys, I dont know if there is something I am missing is this the last page of this Thread?

[QUOTE=“Romeo001;584368”]Hi There guys, I dont know if there is something I am missing is this the last page of this Thread?[/QUOTE]

No a good chunk has disappeared, it was much more than 18 pages long. And there were certainly a couple of recent Christmas messages.

Hey guys, just to clear things up, no recent post has been deleted. Prior to Romeo001’s post, the last post made was in November by krugman25. Hope that helps. :slight_smile:

[QUOTE=“Pipzilla;584435”]Hey guys, just to clear things up, no recent post has been deleted. Prior to Romeo001’s post, the last post made was in November by krugman25. Hope that helps. :)[/QUOTE]

Crikey I’m awfully sorry - my fault entirely. BP won’t run on my PC, hasn’t for a year or so, so I am limited to my iPhone (hence my virtual lack of significant posts over the past 12 months). I sometimes confuse threads on the App, and that is what happened here, I thought that this was Nikita’s thread. Apologies to all, and particularly for causing work for Pipzilla. Conscious that this makes me sound about 103 - I’m only 39, not that you’d know it…! Apologies again, ST

As pipzilla said, I don’t believe any messages have been deleted. This thread may have been confused my other thread which is significantly longer than this one.

I can only view till page 27 “Price Action That Matters For Beginners”

Hi everybody,

I am from Sri Lanka. I am courious about forex trading. I am currently going though Babypps School & hope to graduate soon. I am keen about price action trading techniques.

@[B]krugman25[/B]

Is this thread active or ? Should I join with the other long thread started by you ?

Hey Chanakam2000,

Thanks for checking out the thread here. Between the articles and posts you should be able to start building a good foundation in price action trading. If are welcome to post here or in the advanced thread. I invest my time wherever there is demand. I haven’t seen much demand in this thread lately so I have been investing my time in the other thread. I do check this thread frequently so if you decide to stay in this thread, you won’t be forgotten, haha. Welcome to the community!

Depending on how your forum settings are, you may only have 27 pages. This thread is quite a bit shorter than my other more advanced price action that matters thread.

Hi

I was reading the other thread when I saw this one about a week ago and thought it would make sense for a beginner to migrate to here. Reading it all to this point has been educational and interesting. Having a thread exclusively for beginners was such a good idea. I’m disappointed that Aaron seems to have abandoned us. I do realise that his work here was time consuming and as it was on a voluntary basis I can’t have any complaints.

Thanks for your time and knowledgeable posts. Guess I’ll head back to where I came from.

Ed.

[QUOTE=“outonawing;605821”]Hi I was reading the other thread when I saw this one about a week ago and thought it would make sense for a beginner to migrate to here. Reading it all to this point has been educational and interesting. Having a thread exclusively for beginners was such a good idea. I’m disappointed that Aaron seems to have abandoned us. I do realise that his work here was time consuming and as it was on a voluntary basis I can’t have any complaints. Thanks for your time and knowledgeable posts. Guess I’ll head back to where I came from. Ed.[/QUOTE]

Ed,
Thanks for dropping a line here! I appreciate you heading over here and checking out what this thread is all about. I hope to see you here more often and join in on the rich price action discussion. The beginner thread was a bit if a test to see what the demand was for it. I tried out a bunch of different things to see where the demand was. Unfortunately there wasn’t very much demand for the beginner thread. I want to make sure I am putting my time and effort into the areas that are showing to greatest demand. It turns on this thread, my Facebook page and my YouTube page were seeing the greatest demand for PA information. It doesn’t mean I won’t start the beginners thread back up again, but I would need to see it producing some real fruit to invest time into it again. For now I am going to keep working in producing articles and videos that will help lay that solid base for beginners and hopefully allow beginners quickly assimilate into this thread. Thanks again for the honest post, I am glad the material has been helpful for you.

Hi Mr Aaron and everyone!

I would like to ask if anyone could help me if I have placed my Support and Resistance correctly.

It seems to me that they are too close and almost every bar (daily) seems to be touching the SR zones. Did I make a mistake?

My second question is if it is okay to use line chart to find the support and resistance zone.

Thank you!

Hi

Can you upload a screen shot if the SR lines as this would help more.
Personally you should be setting your SR lines at areas where price has reversed or where price could not break through easily.

If your candles are hitting SR lines each day I would say that they are two close and they are not SR lines at all.

The Pip School has a lesson on support and resistance and is worth a read.

Zesi, can’t access your attachment.

Hi everybody,

I’m from Germany. I’m studying mechanical Engineering and end of may i will become a father :slight_smile: i’ve just heard about forex and now i’m focusing on PA trading and volume analysis.

Hi. Sorry something went wrong with my attachment.

The blue dotted lines are where I mark my support and resistance.

I understand that support and resistancs are zones and not a specific price level. Each Support Resistance zones was rounded off. They seems to be about 100+ pips apart.

Please correct me if I have made any mistakes.
Thank you all very much!

do you mark your S/R in blue by yourself of do you have a software doing this for u?