Forex Price Action

[bobmaninc]

i see you still miss the point i was trying to explain.
regardless what is on the chart, having a more favourable risk to reward will always be better,
and waiting for these situations will make you more successful in the long run.

Oh sorry I should probably read the whole post next time. To make my life easier (and theres) quote them next time. Like I said was not attacking you but what you said just left me with comments and I speak my mind even if it is unwanted.

[Jamie_Lyons]

all good, i try to not use too many quotes when i’m first to reply or in an active conversation, i’ve included the post number with a hyperlink in the previous post. hope this helps.

[Jamie_Lyons]

on another note wish me luck, possible £750+
25%+ profit on this trade if it runs the full course
2% risk

[desertpip]

Morning all

XAGUSD- may be of interst in the next few days

[ahas]

hi Jamie & bobmaninc,

Thnx for your discussion i am able to understand some points from it…
i wasnt really using point of deeper test of SR zone for better RR infact i was taking every second trade with candle sign without considering what RR would be… my bad

[buster48]

Where have all the long term posters gone off this forum now ?we seem to be getting a bit off track lately which is a shame ,perhaps they.ve all packed it in.

[westpest]

@buster48

Where have all the long term posters gone off this forum now ?we seem to be getting a bit off track lately which is a shame ,perhaps they.ve all packed it in.

Maybe they have all immigrated over to forex school online.
Maybe they are all so rich they cant be bothered posting anymore.
Maybe they have given up.

[semmee]

@buster48

Where have all the long term posters gone off this forum now ?we seem to be getting a bit off track lately which is a shame ,perhaps they.ve all packed it in.

I don’t consider myself a long term poster but I just like to sit on the sidelines sometimes and just watch. None of us have the responsibility of maintaining this thread. The OP should be maintaining the integrity of this as the rules were set up by him. We all have our separate lives but for Johnathan, this is his image / job.

Hope everyone is doing ok?

[buster48]

That’s good guys ,its good to know we’re not sailing in the Mary Celeste, happy trading every one.

[bobmaninc]

I think sometimes a thread need to deviate from its intended path (temporarily) to help out others that may be lost on a certain subject to get them caught up to be able to follow along.

[semmee]

I think sometimes a thread need to deviate from its intended path (temporarily) to help out others that may be lost on a certain subject to get them caught up to be able to follow along.

Sounds like support and resistance during a trend LOL or rather supply and demand.

[bobmaninc]

Pretty much they are demanding information and its out job as well as the OP to supply such information.

[moretti1993]

Here we have a breakout trade. I have put a buy stop above the BUEB

• what’s your opinion?
  
  
  
  

[bhops]

@moretti1993

Here we have a breakout trade. I have put a buy stop above the BUEB

• what’s your opinion?
  
  

My opinion is I would have preferred the close to be ABOVE that line. I will be looking for a solid break, a roll back down and retest of that zone to go long.

[bhops]

@buster48

Where have all the long term posters gone off this forum now ?we seem to be getting a bit off track lately which is a shame ,perhaps they.ve all packed it in.

This can be a very quiet time of the year Buster Re quality set-ups. I tend to take the POV that if I have nothing interesting to say I don’t say anything at all!

[Tinagon]

how do anyone think about this pin bar? it up trend but nearly BRN 0.91000.
USDCHEF 8H Time frame.

[buster48]

This can be a very quiet time of the year Buster Re quality set-ups. I tend to take the POV that if I have nothing interesting to say I don’t say anything at all!

Pity certain wives don’t think along the same lines bhhops (hope she doesn’t see this or I’m dead)

[Foshogun]

@Tinagon

how do anyone think about this pin bar? it up trend but nearly BRN 0.91000.
USDCHEF 8H Time frame.

Note that this short would be going against a really strong trend. However, with very little to lose and much to gain, I would short it, if I was looking at 8hr charts to trade.

[tonyro44]

Well that PB is about 2/3 bearish and it is on top of the line so to me it does looks tratable.

@Tinagon

how do anyone think about this pin bar? it up trend but nearly BRN 0.91000.
USDCHEF 8H Time frame.

[WLSTR]

obviously its open to debate, but to allow for a 1:2 ratio you’d have to place your stop within the resistance area. which imo is bad practise. could literally just be a short retrace, tbh it wouldn’t suprise me if this was the case.
certainly doesn’t stand out as a swing high, considering known resistance zone.

as i said earlyer personally i would wait for another retrace to allow you a higher entry or look for a better trade.

here is an example of what i mean.
if you had took the first early touch of the support and entered the trade, then used a stop within the resistance area, you would have been stopped out as the move hadn’t completed yet.
the example shows that had you been patience and enter on a more favourable position
you would have been able to use a tighter stop outside the support zone, allowing you a much higher Risk/Reward.
Instead of being stopped early with a much lower risk/reward since your forced to have a much larger stop.

there is basically two main ways to increase your risk/reward

1. use tigher stops (lowering risk)
2. larger pip gains (Increasing Reward)

combining both these will optimize your Risk/Reward, and allow you much higher gains with less risk.

hope this helps.

Off topic, But Jamie what Candle stick pattern indictor do you use