Forex Price Action

Hi OM,

If that pinbar had closed as BEEB, I’d have put on my bear-skin!

I’m just really concerned about the S/R zone below the pinbar, and I don’t want to take the trade hoping that it will be broken. So I’m sitting out.

I will look for long PA (esp on H4/H8) at the red dots (boundaries of S/R zone)

PS: again, this is just my opinion; who know what’ll happen?

Cheers!


I agree dudest my line below price right now is @82.857 and will be monitoring this level for longs on the lower tf’s :slight_smile:

Thx for your input mate.

Hi All,

What do you think of this USD/SGD on 4H? I know it’s still early for it to close but I’m watching it. Any comments?


Thanks!

puzon

Thanks mate.

I will have to re-read it after work as 123 patterns are not my strongest suit.
Do you have any post numbers or links covering this in more detail?

Fil.

I think it’s just too small, look at previous candles and then look at that pin.

Hi Fil,

It’s nothing out of the ordinary, it’s what we’ve been doing all along in the thread!

  1. Price move -> 2. Pullback + PA -> 3. Price continuation in original direction

Maybe this one just looks weird coz it’s at (what could be) the shift of the trend (from down to up), but the idea is no different from the trend continuation trades we’ve been learning here.

Quick e.g( from earlier EURPLN D1 ):


Hope that clears the air :slight_smile:

EDIT: some posts (out of many):

Post #11: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-2.html#post309821
Post #22: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-3.html#post311757
Post #30: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-3.html#post314162
Post #288: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-29.html#post326603
Post #1205: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-121.html#post346945

1 Like

Hey guys

Anyone take the AUDCAD 4h 2bar @ support?


That my friend is a fine looking entry. Be cautious though as the aussie is expected to cut rates later and that could cause this to turn around real quick

Ok, this post lands in my bookmarks mate! Thanks.

It is easy (I understand it) for me to look at it as trend continuation as I have played it for last 6 months and it’s quite obvious with all your examples. Good work.

I just can’t get over it as a trend reversal. Probably this is the next level :slight_smile:

And! links helped me to look at charts in more short-term. I usually look at loads of data, probably way too much - it causes confusion, adds extra s/r zones, but now it’s clearer. Thanks again.

Fil.

USDJPY H4 watching ( longs ):


Missed it! Good on you Spongy! :slight_smile:


hi bro’s…i am back …what a nice se up is this…

hi ha ha ha…i got 50 pips…from that…aud-cad

and thanks dudest…for usd-jpy set up…i am also looking for that…thank u.

Hello everyone, first time posting here.

Bullish Pin Bar just formed on H1 and #2 is Fib’s 50% retracement of #1. I think its a good setup with pretty much confluence. I’ll take it if it breaks H1 pinbar. R/R 2:1, with TP at 80.40, SL at 79.90.

What do you think?

Howdy Rascuache

I too went to look at hourly, problems were preceding bars were large and the pin bar small in comparison so easy no trade. I generally dont look at hourly though.

Cheers

Heads-up: bullish PA forming on EURJPY, CHFJPY, USDJPY ( all H4 )
4 mins to candle close

Cheers

hi bros…PA Signal possibility on NZD-CHF on h4 and daily…

but we have lot of time to close to the bars…

lets hope this to form in our favor…thank u.




Hey, on H4 it’s not BEEB because not engulf whole previous candle.

Cheers

Beeb?


Remember the rule about BIG and OBVIOUS signals. On your daily chart, even if that candle closes as a pin it will be one of the smallest candles on your chart.