Hey liangko
Are the charts you using the NY closing times?
Iām sorry, I do not understand what does that means. NY closing time refering to?
Iām trading forex with AVAFX and the candle closing time is at 12 p.m noon everyday, my timezone is (+8 G.M.T).
liangko
Johnothan, Dudest, bhops and myself all use NEW YORK closing times.
You want to download mt4 from either pepperstone, fxdd, or fxpro. They use New York times.
This is how my AUDUSD daily looks.
Cheers
Hi Dudest
I had the same setup earlier on the Usd/Jpy 4hr chart. My trigger showed up as an inside bar though as Iām using a different broker.
Missed a nice pinbar on Eur/Usd earlier.
Hello any thoughts on the recent 4hr pin bar formed on eur/usd?
Daily also looks like it may close as a pin bar still a few more hours to go though, 4hr PA is rejecting daily support. Apologies for no charts
Dipak
Hey dipak
Remember you looking for PA at swing points, lows and highs.
Cheers
Hey spongybob
Defo agree and thatās how I like to trade PA at swing points. However I see the daily consolidating the past 4-5 days. And the 4hr pin has formed at the support of this range rejecting previous support.
What do you make of this tight consolidation on daily frame at support?
Hi Spongy!, thanks for the feedback.
The main things that convinced me about this was:
-> the bearish barās body matched the preceding bullish barās body almost 1:1
-> formed at a great swing point
Hi Liangko!
Thanks for your post, adds value to this thread 
My views on AUDUSD: lemme start by posting my D1 chart:
Hereās how Iām reading the PA story:
-> Price managed to decisively break resistance in Jan and make new receent highs (around 1.08100)
-> Price has now pulled-back to test whether what the earlier resistance is now support. So far, the level is holding as support
-> If price decides that the level is support, we hope it will form PA showing that it will want to go long; usually this will be in the form of: (a) a big bullish engulfing bar (BUEB), or (b) a big 2-bar reversal (2BR), or Ā© a big pinbar! NB: the PA clue could show up in the H4, not necessarily on the D1
[ note: i said āusuallyā because (in my short experience), it could just start climbing without giving us much of a clue! ]. The long scenario is the one Iām hoping plays out.
-> ALTERNATIVELY, price could break support! Then i would be looking for it to pull-back and test if prior support will be resistance, and hopefully give PA to go short in that case.
PS: the 2pinbars you mentioned ( 1 pinbar on my chart ) are not as big+obvious as they can(should) be. Since an upswing would be a reversal of the current downward trend, it would need to be REALLY decisive (i.e REALLY BIG/OBVIOUS) to show that price wants to reverse from the strong recent downtrend
Cheers!
Hi Alienonweed!
I had the same setup earlier on the Usd/Jpy 4hr chart. My trigger showed up as an inside bar though as Iām using a different broker.
Sweet [ Although i donāt trade Inside Bars myself, their whole topic just honestly confuses meā¦as in they could signify reversal, but could also signify continuationā¦so i just leave them out altogetherā¦ ]
Missed a nice pinbar on Eur/Usd earlier.
I also did not āseeā the pinbars on EURUSD (i watch the pair, but iām not a āfanā; i have more GBPUSD trades than EURUSD trades, personal preference). Though even if iād have seen them, i donāt think iād have taken them. The 2nd pinbar looks more like a pinbar, but that upper wick just didnt go with my āgutā on simple/big/obvious/slap-in-the-face (even though it may probably work out, since itās rejected an important S/R level).
Cheers!
Hi Dudest,
Nice observations on this pair. Price has also retraced to around the 50% Fibo level as well in this current uptrend. I donāt particularly hang my hat on Fiboās but it is another tick in the box.
If a really cracking PA signal developed here, like if that PB had been a whopper I wouldāve been looking to go long as well. As it is I am probably looking to get more bearish on this pair and have my zone highlighted to look for shorts.
Having said that if you took a long from the level price is at nice you could bank some nice profits before changing tack and looking to go short from the area I have highlighted!
For those of you looking at what a 2 bar reversal should look like I have an example that Johnathon has highlighted. Not sure if he has posted it on this forum.
Remember like all PA we are looking to trade them from swing points (it is number 2 in the 1-2-3 sequence) and both bars, wicks included, should be the same approximate size. It is not just enough to have a bull bar followed by a bear bar.
Bearish Engulf at resistance formed on Aud/Usd 4hr. Will be looking to go short once the low of the bar has been taken out.
Nice, Iām in the same trade.
To be honest I donāt pay much attention to channels. I am looking at horizontal Support and Resistance as the levels from which I play my trades off.
Who knows what will happen in this particular trade. I am looking to move to BE due to the short term support I can see to my left but to be honest no I donāt pay any attention to channels or even too much attention to trend lines, but each to their own.
Hi Dnagolf
Depending on how you draw your trendlines the channel might already have broken to the downside.
Bhops, if you donāt mind comparing target areas, my initial target is 1.037. Will look to move to break even at that area with remaining targets: T2 - 1.034 and T3 - 1.031.
1.03653 will be my BE target. I will actually take a portion off the table here, one third and then target recent lows at around the 1.03353
