Forex Price Action

[Kasravi]

Hi semper,

Well written!

Now I don’t know if you are going to get the answer you want but may I direct you towards this post http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-1164.html#post525844, many found it useful and assuring.

I hope this will help.

PS: I understand Johnathon is quite conservative, you don’t see that much from Aussies(jk), but sending him an e-mail might not be such a bad idea. Certainly for he is not always on the forum or might not find the time to read each post.

Cheers

[Stimpy]

Salute gentlemen!

Here I come!
I have been reading this thread for a month or so, along with Johnathon’s web.
Have been in forex for some time, much of it mainly educating muself.
The layout of price action suites best my undertsanmding and logic in regard to this market.
Trading in such manner makes most of sense to me.

As I am a pretty busy person with my daily agenda beside forex, the time resource to dedicate to traiding (at that stage I would say to learning to trading) is limited. Nevertheless this is a chalange I want to conquer, therefore, I was on the way to request membership at FSO.

Than I again asked thsi question - why would one dedicate such high amount of time in answering basic questions (with all teh respect to the newcommers in this business, myslef inclusive) instead of spending this resouirce in favour of practicing this, at prima vista, well rewarding trading approach.
I understand the membership fee is a secure, risk-free income, however, the question got even sraper with the lack of proven track record shown so far andf the self-promotional approach (it is always better to let facts and others speak about you).

With all my respect to your knowledge Johnathaon, can you please, enlight me if what you preach has really made you successful. And is there other wya to know this beside words (…like proven facts).

I would like to underline that I am not concerned about the 300 USD that are to be paid, but about the time I would loose if eventually this sustem would be far better in words than in fact.

I realise the question might get some of you annoyed, but as you seem to be around for some time you would know is goes that way sometimes.

Straight after you manage to convince me, I would pretty surely seem me amoung your members.

No offense of the question, just the common sense business logic requires that I ask it.

And I do not do this is an e-mail or personal bacsue you are public and the other might have interest to comment or read your replies.

Thanks in advance and my compliments.

Of course he is not successful at trading, why else would he be selling a system. His main income comes from selling memberships to his website.

Copied from another website as I couldn’t have said it better myself.

quote:

The FSO method only provides few (if anything) trades a month. This is perfect for them to scam you. By providing you with a discretionary method that will maybe give you 15-20 trades a year. Only after around 20 trades can you really tell if the method provides an edge or not. But this will likely be a year later. He’ll just tell you since it’s a discretionary method, you have most likely been making mistakes along the way. Anyway, he never reveals all the trades he’s in, claiming that he doesn’t want other people to blindly copy his trades. This way it is hard for anyone to verify his results and we are left wondering if he is really a good trader. He claims to have years and years of trading experience but has nothing to prove it.

:end of quote

No doubt this will be requested to be removed as it might affect the sales from his site. Hopefully some traders though will see it before they blindly waste their money.

Now lets wait for the fanboys to complain and make up excuses for the “Protrader”

[Mr_B_A_Barracus]

[QUOTE=“Stimpy;551607”]

Of course he is not successful at trading, why else would he be selling a system. His main income comes from selling memberships to his website.

Copied from another website as I couldn’t have said it better myself.

quote:

The FSO method only provides few (if anything) trades a month. This is perfect for them to scam you. By providing you with a discretionary method that will maybe give you 15-20 trades a year. Only after around 20 trades can you really tell if the method provides an edge or not. But this will likely be a year later. He’ll just tell you since it’s a discretionary method, you have most likely been making mistakes along the way. Anyway, he never reveals all the trades he’s in, claiming that he doesn’t want other people to blindly copy his trades. This way it is hard for anyone to verify his results and we are left wondering if he is really a good trader. He claims to have years and years of trading experience but has nothing to prove it.

:end of quote

No doubt this will be requested to be removed as it might affect the sales from his site. Hopefully some traders though will see it before they blindly waste their money.

Now lets wait for the fanboys to complain and make up excuses for the “Protrader”[/QUOTE]

Would you like a tissue to cry into?

[Kasravi]

You figured it all out, it is defo not worth it for you, doesn’t mean it won’t help someone else.
The essence of this thread is to share and compare trades based on this strategy.

I saw traders here losing money. There is not a guarantee tag, however it helped many traders getting rid of bad habits or understanding price action better. You certainly don’t have to pay to read all the material,which is available here or at FSO which is for free.on top of that you get most of your questions answered regarding pa trading in this forum,which is free too.

I believe trading a few positions a month successfully is much more rewarding than a fifty trades hit and miss approach.

Cheers

[semper_fidelis]

I do not want to be misunderstood here: I do not complain, I would rather search for the positive inside everything.
I do not support the manner of rejecting everything with no facts against.
I do not mean to stop over, drop a message saying that this does not work and leave.
I want to remain here and work with you guys.
I do not mean to change the subject of the thread, which is brilliant and again - my compliments to all who contribute.

I just would eventually have something against the possible fact that someone adapt a trading method, take possesion on it and start selling it. I would appreciate an answer to how comes that Johnathon is known as the master of PA - does he have any background to claim this, how does he know and is willing to teach others on trading the way the “big buys do” - has he been on the spot in a big investment bank to learn this or anything similar?

Beside this, my respect to all contributors here, himself as well.
The lack of justification from Johnathon woul dnot make PA trading less efficient or less interesting for me and all around.
But again - if I come and say - people, this is awsome, you should try it, I should have the means to justufy why it is so by self example.

I would still give it a chance and wait for an answer from The man.
And as much as this is a price action thread, it is that much a Johnathon Fox thread, as he has initiated this thread, so I believe this subject is not that much off the topic.

It might be too bold to want to know in advance how succesfull is something you did not not try much yourself, but if it is that accomplishing - show me one that became succesfull trading this.

I’ll see you around.

[wm247]

Hehehe

Before coming on this thread ( about 3 months after I started learning forex ), I’d gone through a couple of sites and forums, and was trying to piece things together.

This includes Niall’s free info [ never could get what a ‘fakey’ is <perplexed> ] and the behemoth James16 thread on FF [ couldn’t see the wood for the trees!, too many ideas and PA methods floated around ].

Then I came across a PDF doc having info on the pinbar, and a big light came on! This looked like a way I’d love to trade. I digested it and tried applying it to my trading, though without much success [ fake charting (Etoro) + didn’t have info on support/resistance and KHL’s ]

Between then and losing alot of my personal savings :/, I came on to BabyPips and another light came on. Tried out a couple of the systems on here ( some were pretty kul, and work for those who ‘feel’ them ). They also made me realize simpler is better ( ‘simple’ doesn’t mean ‘easier’, just means structured and straight to the point, without twisted complexities ). I also did the BabyPips school, a real eye opener as well ( that’s where I got how to properly use Fibs, for e.g )

Then finally, somehow, while searching for something on Babypips (don’t remember what now), came across Johnathon’s first post, and hoozah!, I knew I was home ( clear direction right there in black and white ). Made sure I read all the posts before posting ( somewhere on Page 11 ), and there began the final putting together of the pieces.

This method won’t work for everyone ( it doesn’t have to, there are near infinite ways to skin the forex cat ). But it has worked for me, has opened my eyes even to see more than was laid out in the thread. And for that I’m very grateful to Johnathon.

As the days have gone on, I’ve come across alot of positive and negative sentiments towards Johnathon + this thread ( won’t regurgitate it here ). Truth this: you’ll get out of this thread whatever you are looking for. The truth is: you don’t even have to join FSO. If you ACTIVELY read through the posts ( making NOTES and cross-referencing CHARTS and just good ol’ CHART TIME ), everything is laid out here. How do I know? Because my notes show how to handle setups, entries, exits, market structure, even trade management. All before joining FSO. I joined the thread HUNGRY and drank in gulps the insights that were shared on here. You’ll get out what you are looking for.

Lastly, some have also expressed dissatisfaction at the ‘restrictive’ nature of the thread [ i.e, Johnathon’s insistence on sticking to the core setups + method ]. This is very necessary and a plus => because of this, you CAN see the wood for the trees ( i.e, you can see the BIGGER picture ). And when you see the BIGGER picture, you see other setups/patterns that you incorporate into your own trading ( that’s what sight + chart time does ). You will ‘see’ things, and from there make up your own brand of PA trading. But the core principles (setups + method) remain at the heart and center of it all.

OK, ramble + tribute over, back to trading

Cheers

Hehehe…

After reading all thousand of pages of this thread, I must say that there are things that are quite an eye-opener. Good stuffs like A+ setups, New York standard chart, and dedicated seniors, and bad stuffs like trolls, backstabbers, and even a fake Johnathon Fox(!).

I still have a long way to go, but like dudest, I started to see the real possibility of being a consistently profitable after reading this thread. Let’s just say I have blown up dozens of account before reading this thread, and ever since I’m being faithful with FSO method, I have completely turned my losing habit into a winning one. Not everyone will be able to implement the FSO method, especially if you cannot change your mindset from a scalper into a swing trader. But if you have no problem to be a swing trader with a sniper mentality, you will fit in well at FSO community.

BTW, let us follow Krugman’s example from his thread on how to deal with trolls that have been infesting his thread this recently:

Price Action That Matters

We all know this thread is very open and everyone is welcome to ask questions as long as it helps promote and move forward price action learning. But comments that are malicious or offensive is not only against the rule of these threads, but against babypips thread rules. I want to make sure everyone here knows if someone new comes in here with malicious intent, feel free to make known to them babypips rules and the rules of this thread. If anyone is posting something you find violates those rules, don’t hesitate to report them. It’s my primary goal to keep these threads producing good learning and keeping trolls away.

[darthfrancis]

damn i’m having the worst day!! price has just gone nuts and stopped out my trades. think I might lay off trading the rest of the day and go lie down :28:

[semper_fidelis]

Hi there wm247,

fully agreed, I do hope that practicing would lead me to the position to state that PA has worked for me as well.
I have the bitter taste of loosing as well, so potentiall success will be even sweeter.

But this does not give me peace - what do you mean by fake Johnathon Fox?!?

Okay, let’s leave this question open and pending for a reply, ideally, and follow the good spirit.
As I said above it is price action trading that matters at the end and fake or real JFox will not change the good things in this thread.

But it will when it comes to FSO, wright.

[wm247]

Hi there wm247,

fully agreed, I do hope that practicing would lead me to the position to state that PA has worked for me as well.
I have the bitter taste of loosing as well, so potentiall success will be even sweeter.

Nailed it, brother. One man’s fate comes from one man’s wait.

But this does not give me peace - what do you mean by fake Johnathon Fox?!?

Okay, let’s leave this question open and pending for a reply, ideally, and follow the good spirit.
As I said above it is price action trading that matters at the end and fake or real JFox will not change the good things in this thread.

But it will when it comes to FSO, wright.

Oh, [B]the fake[/B] Johnathon Fox? If you read all 14000-ish posts, you will encounter that fakey somewhere in the middle of this thread. Don’t worry, that guy is no longer around after [B]the real[/B] Johnathon Fox banned him for good.

[wm247]

Darth,

I’m sorry to hear your losses, but please post the chart setups where you got stopped out and we’ll analyze it together. We actually learn more from our failure than our success, and it’s better to do it now when your mind is still fresh so that you can easily see where things go wrong and how to prevent it to ever happen again to your trade in the future.

damn i’m having the worst day!! price has just gone nuts and stopped out my trades. think I might lay off trading the rest of the day and go lie down :28:

[wafikjabra]

Hi everyone,

I would highly appreciate it if someone can tell me why this pinbar trade has lost grounds. Thanks

[wm247]

Two reasons I can think of:

1. That pinbar goes straight into support zone.
2. Just next to the pinbar is rubbish. Very little space to move.
   
   
   
   

@wafikjabra

Hi everyone,

I would highly appreciate it if someone can tell me why this pinbar trade has lost grounds. Thanks

[tse13]

Hi everyone,

I would highly appreciate it if someone can tell me why this pinbar trade has lost grounds. Thanks

because when we trade we never have 100%! you “only” trade higher probability!
and what wm says

[darthfrancis]

@wm247

Darth,

I’m sorry to hear your losses, but please post the chart setups where you got stopped out and we’ll analyze it together. We actually learn more from our failure than our success, and it’s better to do it now when your mind is still fresh so that you can easily see where things go wrong and how to prevent it to ever happen again to your trade in the future.

For the interest of education here is my lesson…

So here is the GBPNZD on the 4hr chart. to me it seems that it has formed a double bottom at a BRN of 1.900 and at a swing low. I got in at the purple line with red being my S/L and green being my T/P.

To me it seems like a valid entry but price across the board spiked for some reason and took my trade out. This has been 4 consecutive loss in 2 days but i’m happy where i went wrong with the other 3.

All comments welcome

Darth

[mselva]

Sir:

If you would allow me, I want to give an advise: don’t risk yourself! Read the first 50 pages of the thread and analyze if this suit you. Besides understand about the method proposed by Mr. Fox, you will see a lot of trades where you can probe if this works o not.

Finally I suggest make a backtest of the method. If works and you like it, you can continue with this, if not, you have saved you a lot of time.

If Mr. Fox or anyone else is successful or not it doesn’t mean you will have the same results. Remember that this is not a system, it is a method to analyze the market and make better decisions to trade. Results will depends on you.

A don’t know why Mr. Fox and the collaborators stops sending newcomers read the first pages of the thread. It helps to continue focus on setups and avoid discussion out of the topic.

Sincerely,

I do not want to be misunderstood here: I do not complain, I would rather search for the positive inside everything.
I do not support the manner of rejecting everything with no facts against.
I do not mean to stop over, drop a message saying that this does not work and leave.
I want to remain here and work with you guys.
I do not mean to change the subject of the thread, which is brilliant and again - my compliments to all who contribute.

I just would eventually have something against the possible fact that someone adapt a trading method, take possesion on it and start selling it. I would appreciate an answer to how comes that Johnathon is known as the master of PA - does he have any background to claim this, how does he know and is willing to teach others on trading the way the “big buys do” - has he been on the spot in a big investment bank to learn this or anything similar?

Beside this, my respect to all contributors here, himself as well.
The lack of justification from Johnathon woul dnot make PA trading less efficient or less interesting for me and all around.
But again - if I come and say - people, this is awsome, you should try it, I should have the means to justufy why it is so by self example.

I would still give it a chance and wait for an answer from The man.
And as much as this is a price action thread, it is that much a Johnathon Fox thread, as he has initiated this thread, so I believe this subject is not that much off the topic.

It might be too bold to want to know in advance how succesfull is something you did not not try much yourself, but if it is that accomplishing - show me one that became succesfull trading this.

I’ll see you around.

[Kasravi]

USD/chf 1hr pin bar, decent level.
I also commented on it here http://forums.babypips.com/free-forex-trading-systems/57863-z-pattern-5.html#post551705

Cheers

[semper_fidelis]

Does anyone pay attention to news releases?

[mselva]

Does anyone pay attention to news releases?

From Page 1:
INSTRUCTIONS FOR FOREX PRICE ACTION THREAD. PLEASE READ BEFORE POSTING.

Please read the first 50 pages minimum before posting. A ton of information can be found in these first few pages that will show you what we do and how we do it. There is also videos in the first few pages that will explain clearly the simple price action setups we look for and how to trade them.

This thread is for Price Action discussions only. Please do not post about indicators or news. There are plenty of other threads where traders can discuss this info.

We are only concerned with high probabily Price Action setups that form at great levels. If you are after a thread that simply enters inside bars and hopes to make money this is not it. There are other threads for that.

We are not about making a million trades but making a few really great ones that have a high probability with low risk!

When posting please include charts to explain what you are looking at. The charting equipment we use is New York close 5 day charts charts. If you need a link to open a free MT4 broker please just message me as this is very easy. A few MT4 providers with these charts in demo are FXDD, FXpro, Pepperstone, Axi Trader and HotForex…

If you have any questions that can’t be answered in this thread you can either PM me or email me direct.

Safe trading and all the success,

Johnathon Fox
Forex School Online

Read more: 301 Moved Permanently

[EternalNewB]

@Kasravi

IN DEPTH ANALYSIS

CAD/JPY DAILY BEEB

Price on this pair has been moving down with a very strong momentum. By breaching the 95.00 level lately, Cad/Jpy gave us the opportunity to look at this level as a potential pullback area or Killzone.

After a further move lower price found support and retraced back to this level. Now presenting us PA traders with a massive BEEB on a swing high and a very important level.

In order to trade this signal we need to wait for the low of the BEEB to be breached, which comes at 94.40.
The next minor resistance comes at 94.00 .

As a Price Action trader I see a High Quality trading opportunity here, not only will I be trading from a decent level but I will also position myself with the recent momentum.

Thanks for reading and as always looking forward for peers input.

Cheers

Setup invalidated since price rose above the Bearish bar

[EternalNewB]

I went long on AUDUSD a few days ago and made a few pips when it hit resistance @ 0.9528

upside momentum looks still valid and the pair has now broke resistance at this level turning it into support and “kill zone”

waiting for retracement to go long