HI
I saw your charts now , a question .
Aud/chf and Eur/chf are perfect because we’ve daily trend and we’re looking for pull backs .
But the Gbp/usd , the market is ranging and doesn’t have any trend and also the level you spotted is not a very strong key level .
Should we trade this ? I mean , should we trade in a no direction market with a not very strong key level ?
Thanks
another question , I want to have 8h and 12 h charts on my mt4 .
i’ve searched and I’ve fond some indicators.
I don’t know if I can trust these indicators.
What is the best way to do this ?
Thanks
I remember there was a link in this tread - to charting package for mt4. With this package you can use custom periods. The link is probably in the beginning of the tread, may be even on the first page. Hope this helps:22:
go download mt5 demo.
We trade with recent momentum. try browsing through the thread more and you will understand what i meant 
Nice Charts.
I wanna ask. how you manage to point out this level of taking profit etc.
I mean to say whether you have point out this points from S&R Lines or any other way?
Regards:
arsii619
Hi, go to your Metatrader 4. Click on any currency pair with the 1 hour time frame. Then, go to navigator>script>period converter.
A period converter window will then pop up, and what you will see is ExtPeriodMultiplier with its pre-set value (eg. 3). Double click the value and change the value to your desired time frame (eg. 8, 12 or any number) and press OK. After that, go to file>open offline chart and find your currency pair that has been set to your desired time frame. It should look like this, EURUSD,H8. Click on it and press open. I hope this helped and sorry for my english
Hi. Just discovered this thread and made it to page 49 so far. That was almost 1 and a half year ago. I’m wondering how Johnathon’s school is doing today? It’s not too late to join is it?
Thanks
Want to ask again ?
Usually some draw support and resistance line using the end of the candle shadow sometime they use candle closing price ad sometime both, so which one is right ?
I don’t think you’re going to find a ‘right’ or ‘correct’ answer, but I personally use the one that has the most touches. The more wicks or candle closes that touch this s/r line or zone the better. More touches means higher probability its a noted and strong support/resistance.
The school is thriving. My only connection is as a member of the site— and it is active.
Jon just did a site redesign, but that’s the bells and whistles part of the site. The forum and member lessons remain as they always were. The discussions are sincere, void of ego, orderly, and thoughtful. If you’re looking for the holy grail, it’s not the place for you. If you’re hoping to learn how to work at your technique, psychology, and trade successfully, it’s a good investment.
Hi Richard, Thank you for your input. My Thinking behind that was EUR/USD has been trading in a range from a while. It was in a swing high. I was only planning to go short if the resistance hold. Now, I realise that it might not be a A+ setup.
EDIT: Just saw Market open with a Gap and going higher. I won’t be taking this now.
What I have done is the first Break Even level is where I am expecting first resistance. Then it’s different fib level for taking profit.
Cheers,
boynep
Hello everyone,
my name is Willy and I’ve been lurking here for a while. After reading the first 150 pages of this magnificent thread, I begin to understand what Jon is trying to explain in this thread. Please comment on my trade setup just this morning:
I think this is a quite good trade for these reasons:
My plan is to divide the TP into three zone as you can see from the chart. I will move my trade into BE once it crosses 87.8 level and it will be free trade from there.
Now, my possible mistake here is just I put the market order (SELL at 88.409) instead of pending order (SELL at 88.106). If I’m not mistaken, Jon once pointed out that he usually put the pending order right on the low of the BEEB candle and the stop loss on its high (if it’s a SELL situation). However, I think Jon also suggested us to take the trade right away if the setup is really good and obvious (or in Bryce’s word, screaming ‘pick me, pick me!’ :53:). That’s why I’m still not certain whether to do market order or pending order in the real situation.
So, what do you guys think? Does my trade decision here fit Jon’s criteria? 
not to offend, you need a NY 5-day closed chart to speak the same language in this forum.
Well, got SL already. Seems like I still need to learn about this. :31:
I think my mistakes are:
As usual, I will appreciate your suggestions here.:51:
I think you’d benefit from using the NY Close charts everyone in this thread is using just so it’s easier to follow along with similar setups. I use pepperstone for the NYclose charts I look at.
Pepperstone it is. From now on, I will post the chart from Pepperstone. Seems like I began at the wrong foot this week. Having loss already, and the market was just open a few hours ago! But hey, a journey of thousand miles begins with a single step, doesn’t it?
On the other hand, I don’t understand soul786 explanation. Why wasn’t that considered full engulfing bar? Weren’t that BEEB candle’s high and low obviously higher and lower than the previous candle?
On the second thought, I’ll use FXDD chart instead of Pepperstone for personal reasons. In the mean time, I’m hoping that I did not annoy each and everyone of you with all my silly questions here and there. I’ll keep it as straightforward as possible and within the context of this Forex Price Action thread.
Please note my edited post. It did engulf, at the time I had a brainfart
