Forex Price Action

There sure are, good forum for getting good and free resource!

Just to point out, I think I read a thread somewhere here where johnathan made his last post, before he was banned by Babypips. I guess he was complaint by someone. If I didnt remember wrongly, its around 100+ page of this thread. Didnt verify it myself again, I just know that I have read it.

You can look at his username and find latest posts - 10-20-2014 was last post.

Thank you all for your contributions to the thread! I really wish all the originals were here still going (got to page 40ish). I’m starting to use this method and it would have been nice to have the camraderie with the posters here.

What I always wondered was… if you have a system and it works, do you really NEED to charge folks $2K for it? Why not give it out for free? Then it becomes a self-perpetuating system. I don’t know. I always question why a system that claims to have all of the answers costs so much. Wouldn’t the creators of said system be making enough money to pass along what they are using…

Johnathon’s system did the same thing for me that it did to you…it is very simple to check my charts within minutes. I have my S and R lines drawn. If I don’t see one of the 5 setups I look for near those levels, I move to the next one.

Also, I agree about the book(s). I have read a bunch of trading books and strategy books. Like a Tennis or golf book, everything they teach makes sense but implementation is a different animal. I’ve learned more through demo/live trading than anything else :slight_smile:

As you intimated, courses should not cost that much. All the promises are to suck newbies in thinking they have a perfect ATM machine that they can blindly follow to the ‘road to riches’. I trade Johnathon’s method but even that is a LONG learning experience. I ‘think’ the quicker way is to buy his course and you get to learn much faster his methods which is more interactive? I know personally I cannot just sit down in the library with a trading book, read it a few times then the “skills” magically appear in my head as I flick the charts. I have to constantly refer to a method with lots of practice and unless one is a quick learner, it is a steep and long learning curve without a mentor. That is why even pro Tennis/Golf players still use a coach? Or maybe that is why those at the bottom of the heap in the golfing world did not succeed because they were still doing the reading in the library then practice? Sorry just being facetious!:22:

Like yourself, I like simple and no frills. That does not mean simple is unsophisticated as I imagine a lot of newbies will have first impression. I can relate because I started Fx in the world of Bolly bands, MACD, Stoch, Fibs. In fact I came across another Quenslander that is offering a simple freebie tool from his teaching services of a combo of Bolly, MACD and Stoch! Wow I thought as he went through examples of simple divergence and bingo the profits started apearing. How come I did not have consistent success was my first impressions. Then as he went through the ‘examples’ you can see it was cherry picked coz by showing a long and a short profitable trade, he missed the in between 2 losing trades! Just brings back experiences of inconsistent performances. In all fairness it was probably my trading skills the problems as it is easy to blame the tools. I thought I had Snap on instead of Kmart special! HaHa

Gold Daily


I am looking for a gold pull back to find a trade. This is a strong breakout but sooner later price will rotate back down unless ensuing wars starts! Good luck

That’s the trouble Joe they do tend to cherry pick examples to suck in the newbies don’t they. I hadn’t heard Jono had been banned ,wondered why he hadn’t been around ,like to know what he said ,must have been bad.

Welcome Detective.

There is a lot of free stuff here and you will need to be patiently learning as the learning curve can be very steep. Either persevere or fork out the small dollars to quicken the learning through him. Those are the choices if you want to learn his method of trading. I have put a lot of effort into his method and still learn through my trading every day regardless of how long I have used the method. A lot of effort getting to this point and no doubt a lot more to learn.

EURSGD Daily


This is a setup I did not take on that 2 bar reversal as I was involved with another similar cross pair. Solid trade I think with lots of space to move up.

Thanks Joe! I’ve been reading about Forex for a month now, I’m in high school here at babypips - been staying home 1 day a week to work on trading, looking for a system/method that suits me. I really like the simple price action type trading - have had a lot of success (demo) so far with it.

Looking for confirmation with my s/r lines. I put the pip value next to the pair I’m looking at. (Sorry, no charts :frowning: ) I know s/r aren’t to the pip, but a range, so seeing if I’m in the ballpark… hopefully in the infield…

On 1 day charts:

USD/JPY (122.56) looks like it’s at support now.

EUR/USD (1.1238), NZD/USD (.6620) and GBP/USD (1.5685) all seem to have just broken support yesterday/today’s candle.

Thanks for any input!

Me neither. What happened? Very weird. I know Niall Fuller is banned from BP and forexfactory.

I wish I could make post like this when I was in ‘high school’. I also wish I had such passion for big boys venture at such a young age :35: Just reflecting when I first started in FX and I came from a stock trading background albeit part time back then.

At this rate you will be a pro trader before I had finished my ‘Uni degree’ in comparison. :slight_smile: Good inspiration to reflect. Every day a high school learning experience for me!

I remember Niall Fuller Kevin, he taught more or less the same thing as Jonathon, what did he do to get banned?

From http://forums.babypips.com/other-trading-tools/38282-nial-fuller-learn-trade-market-any-good.html

He was banned for pushing his website address in the Location header despite being told several times not to.

Anyway, don’t want to get deep into any speculation. I don’t follow this thread much, but everything I read from Johnanthan seemed okay. Over the years I’ve modified “price action” to suit my own style of trading.

Bet a few people go their fingers burn today ,hope it wasn’t you!

If you want a big signal you can’t get bigger than the GBPAUD 1H although it was not a in. :slight_smile:

I only manage a part up that pin through a prior target nomination earlier but I thought my target was optimistic! What have you been looking today?

I was waiting for an intraday pullback on wither AUDJPY/NZDJPY but that was another big selloff today. Wile gyrations on everything!

Snap Joe but whereas you got him on the way up I faded him on the way down for a hundred pips, certainly was a wild ride today wasn’t it. I quite like fading these big moves.You have to watch yourselves these days don’t you Joe.

Nice one Buster, the ‘fader’ that held was clearly the winner. I actually wanted to look for a fade as price reversed back up but that would mean waking up to see what happen while I slept. It curiously hit the 50% fib then rotated back down and bouncing off that 1H candle base. Not the typical PA talk here so I shall say no more.

Momentum wise I still see this as bullish time being intraday or daily and will be looking for another long play if I get the setup.

This level is coming to play soon. Where will it go from here?

I do wonder Joe with yesterdays shenanigans that perhaps gold might strengthen due to uncertainty, while on the daily it could indicate a fall (with the way trade )the 1H looks like a climb I know we don’t use the 1hr here ,so I would be uncertain, what are your thoughts ?.

It is very difficult to use fundamental bias and then apply PA setup. I was looking at the level I highlighted but price shot through on the 1h/4h so the evidence is that the level is not holding. From the daily perspective there was rejection off the resistance looking for a pull back to continue in the bullish move. Did not pan out so I am not looking at gold for the time being.

Those Kiwi pairs are deadly to play, what a spike!

NZDCHF D1


Possible rejection level. Not much else I have got on other charts. What about yourself?

Hi Joe I’m currently locking for longs on the GBP/USD on the hourly, (11am gmt) incidently don’t see why we have to just stick to the rules of the originator of the thread as everyone has now seem to have buggered off ,just a thought, still don’t want to upset anyone I suppose, cheers mate.