Forex Price Action

[gehadeg]

I was hoping to be long on a swing low…lol… but unfortunately it wasn’t
Anyway, for my understanding of the “rules”, pin bars are reversal signals, so we have always to buy at a bottom of a swing low and sell at a top of a swing high, haven’t we? Can someone clarify it to me?
Yes, I know that was counter trend, but the pin was so nice and screemed “BUY ME”…
What am I missing?

Sorry for my bad english guys

Thanks for replying .
Good luck for u and every one

[konan]

But it formed lower high and lower low on H4 TF, which means it starts to move down (downtrend).

EJ

Always look for a higher tf then the one ur trading in, to confirm the trend.

[hossein_mir]

Hi guys

I just came across a possible setup on GBPJPY H4 chart. Although the PA signal (Pin Bar) was generated almost 8 Hours ago but it still looks good as the possible trigger has not been hit yet.
what do u think guys ?

[giddy]

@lucariga

I was hoping to be long on a swing low…lol… but unfortunately it wasn’t
Anyway, for my understanding of the “rules”, pin bars are reversal signals, so we have always to buy at a bottom of a swing low and sell at a top of a swing high, haven’t we? Can someone clarify it to me?
Yes, I know that was counter trend, but the pin was so nice and screemed “BUY ME”…
What am I missing?

Sorry for my bad english guys

You are not missing anything.Buy low sell high,sell high buy low.PA helps us to determine the direction might take.Its simply increases the probability of market certain direction but its not absolute that if the edge appears the market will follow in the direction we anticipate.So you may get A+ setups that don’t work out.That’s just the market.

giddy

[Forex_School_Online]

Hey all,

sorry for being bit quiet of late. Last few months have been not the best outside of trading with many personal things coming at once. When it rains it really poors.

Will go over a few questions in last few pages whilst I have spare minute.

Johnathon

[Forex_School_Online]

@Chiefzig

Here’s a trade I’ve taken on the USD/CHF 4hr. Yesterday saw the pair retrace 50% of its recent downswing, which also tied in with an area of S/R at 0.9200.

There were a couple of bearish pins with decent sized tails rejecting the 50% and 0.9200 area which I took as a signal to short.

I put my stop above the pin highs, entered upon a break of the pin and placed a target at the next significant area of support. What do you think

Those are really tiny and are not really giving us much of an edge. They are so small they are more like indecision candles rather than big solid rejection candles which would have been better.

[Forex_School_Online]

@eddiekidd

Hi Johnathon

I went short on the same trade “thegiver43” spotted as i expected price to continue downwards. Would you say this was a good set up to sell? I also got stopped out as you can see.

What went wrong?
PS sorry about the extra lines i have drawn

I don’t understand what you mean “What went wrong”. It worked out great for you?

[Forex_School_Online]

@forex4worth

Hi everyone) I will feel glad if johnathon,dudest or bhops or any other senior member answer this question.Under which circumstances should we trade against the trend?Suppose if we two A+ setups one is with the trend and the other is against the trend and both offer good chances of success.So the one which is against the trend needs something special to convince us for pulling the trigger?
Thanks.
Tahir.

When you know the answer to this question you are ready to trade against the trend.

Until profitable trading with the obvious trend you should give trading against it a miss.

[Forex_School_Online]

@lovac24

Hello people,

what do You think about this Bullish Pinbar on GBPUSD Daily chart ?? It open and closed within a previous bar and it is sticking out and also it rejected a round number 1.5600.

I have enter a buy stop order on breakout of this pinbar and am already in trade. I want to hear from senior member and Forex School Online what he think about this ?? Yes i know it is not with trend but is looking for me as a reversal.

You need to take into account the whole picture and many things, not just that is at a low. Now this looked okay but it had two things going against it.

1: trading against very obvious recent trend and
2: trading straight into obvious resistance level.

You need to build yourself a check list with points such as: Correct swing oint, from S/R, room to move, with trend etc etc

GBPUSD DAILY CHART

[johnpratt2611]

I’m very happy when FXO come back ^^!
Help me about this order : Buy UJ with BUEB
Something or comment to i know what wrong ?

[Forex_School_Online]

I’m very happy when FXO come back ^^!
Help me about this order : Buy UJ with BUEB
Something or comment to i know what wrong ?

Is it at a low? Are you buying low and selling high?

Best of luck.

[johnpratt2611]

@Forex_School_Online

Is it at a low? Are you buying low and selling high?

Best of luck.

Personal i see it at low in support =.= Something wrong ?
I’m loss this order

[forex4worth]

When you know the answer to this question you are ready to trade against the trend.

Until profitable trading with the obvious trend you should give trading against it a miss.

Hello johnathon) Thanks for the reply.Indeed i need expereince to get the essence of it.
Currently i am just focusing on englufing bars,two bar reversals and pin bar reversals and giving inside bars a miss.I am watching charts to get along the trend i just asked because i was curious about trading aginst the trend.Well price action isnt just about trading from the swing highs and lows i guess it,s just your speciality.
Thanks.
Tahir.

[EJ_2301]

this is a PB formed at the resistance on USDCHF H4, I almost wanted to take this trade but after simple analyze, I canceled the trade. What do you all think?

EJ

[EJ_2301]

Dear Johnathon,
I’m glad you are back again. Hope you can answer my question about the PB on the chart below, is it a valid PB? I am asking because the candle closed price is not near the lowest price.

Thanks
EJ

[forex4worth]

Hello johnathon) I recently joined your forex school online facebook page and it,s really good for the updates.Keep up the good work)Today you shared about the USDCAD pair which i previously talked about here.It formed a BEEB at swing high and it,s also rejecting a solid resistance level.But the problem is it is sitting on a VBRN of 1.0000.Could you please explain it why this should be considered a problem.I think because we have a psychlogical number on our way down and it can be used as placing buy orders and later will turn against our trade?But previously price went down through this area?By the way i am into a short trade right now on a demo just to see what happens.

[giddy]

@EJ_2301

this is a PB formed at the resistance on USDCHF H4, I almost wanted to take this trade but after simple analyze, I canceled the trade. What do you all think?

EJ

What was your simple analysis?I believe if you list your analysis here,guys will be able to point if you are looking in the right direction.

[giddy]

@forex4worth

By the way i am into a short trade right now on a demo just to see what happens.

Forex4worth,

Don’t do in demo what you will not do in live.Treat demo as live.To place a trade in demo to see “what happens” does not add value to your trading growth.

[thegiver43]

@Forex_School_Online

I don’t understand what you mean “What went wrong”. It worked out great for you?

Hi Johnathon

I think eddiekidd took the same trade i was asking you about: the BEEB formed 4 candles before pin did.
Anyway to sumarise your reply for eddie: BEEB is valid, BUT it is not a swing high. Furthermore you are trading from the lowest point, where obviously everyone is taking out their profits. it is hard to expect price go lower.

btw i took that pin bar trade, but i was a bit worried about. the signal was obvious for me, trading from swing high with the trend but on the other hand i was afraid of taking a ravange trade after a loss on that BEEB.

DC

[Forex_School_Online]

Hi Johnathon

I think eddiekidd took the same trade i was asking you about: the BEEB formed 4 candles before pin did.
Anyway to sumarise your reply for eddie: BEEB is valid, BUT it is not a swing high. Furthermore you are trading from the lowest point, where obviously everyone is taking out their profits. it is hard to expect price go lower.

btw i took that pin bar trade, but i was a bit worried about. the signal was obvious for me, trading from swing high with the trend but on the other hand i was afraid of taking a ravange trade after a loss on that BEEB.

DC

Oh okay well that should have been an easy pass. Formed at a low and not a high. Soon as see the pass.