But my charts on tradingview.com are the equal to the jonanthan charts.
Fars, nc, I think the candle you are debating about is still open. It does look like a PB on my charts right now (US close charts) although still can change… mentioning that, it is a first [last] candle on an intraday chart right after [before] the weekend so I’d be extra careful trading it.
Fil.
EDIT: I stand corrected, it’s Friday candle, closed 2 days ago…
EDIT2: Yay! Finally managed to catch up and read all 200+ pages
Hi All,
After reading this thread I created a simple spreadsheet to give a final % total for the validation of a trade. I am not great with spreadsheets, it’s simple. This type of trading does have some elements that can be confirmed with a score (like a Pin bar closing within the previous bar) it has other elements that you may need to be reminded about. The spreadsheet has drop down menu to chose from a serious of questions, some can be scored some are just reminders.
Images are attached. Question is how do I upload the spreedsheet for feed back from you guy’s?
Guys, I may have figured it out why you have the same NY close charts and they still differ slightly.
Just have a look at below screenshots of GBPCAD H4.
Some brokers show you BID prices, others supply you with ASK prices, and third kind of broker (like mine) will allow you to switch in between by a click of a button. Hope it helps, please someone correct me if I’m wrong.
My question would be:
Should we use BID charts while looking for PA to give us a signal to go short?
and ASK when going long? or it would not make any difference to you guys?
Fil.
PS. Please ignore the little green arrows on the charts (my entry/exit points).
Hi fergiebom,
you can simply zip your file, in reply mode, instead of click “Quick Reply” you click “Go Advanced”, then use “Attachments” icon instead of “Insert Image” to attach your zip file.
Regards,
Toyogo
what you guys think about this setup ?
GBP/USD @4H:
Hi birdcat,
Support turned Resistance is good, swing high at resistance for shorting is good, the pin bar formation is correct except the bar is too small (H/L only 26pips) which is not very strong reversal signal…
Regards,
Toyogo
Hi Birdcat,
It looks good to me but I am not an expert.
July 11, there has a bearish Pin on daily chart. and Friday that bull candle couldn’t close above that pin. Overall the downtrend of GBP/USD market, it significant that this week price could move more down.
On your 4h chart that Pin Bar is valid Bearish Pin i think. Nice entry!!!
hi birdcat…it looks good …
im no expert but i always worry about the weekend candle…they can be deceptive…so just keep your eye on it…i would say.
im gonna wait for london open to see how she moves.
but nice one for posting
another non-expert viewpoint here. look at the candle compared to the other circled candles. i would be looking for something similar in size to those to even consider this a trade, even though a few months ago i would have still tried to trade it : ) also, according to my s/r lines which were marked on the daily it has formed in the middle of a range
look at the gbpcad and usdjpy 4h trades that johnathon posted from last week. the price action candles were among the largest candles on the chart, especially the usdjpy engulfing bar/pin bar which was freakish. both were successful trades
Price Action Check list.zip (7.68 KB)
Spreadsheet attached. If you guys who have been trading PA could have a look at it, see if the questions make sense and other suggestions you may have to improve it.For all PA areas that can be given a score it will give a score, with total % at the bottom. Other questions are for reminders
This I didn’t know (guess I have always had the same price), can anyone else comment on this off-topic please?
Richard
Hi Birdcat,
If you look at daily chart, it has formed the 2 bar reversal signal at the support and swing low. Thus I’m looking for a long instead of short trade.
Regards,
Toyogo
Hi all,
EURUSD has BUEB at the major support (wkly) @1.2160ish). Pls comment!
Regards,
Toyogo
Hi!
Look at the previous candles (the huge bearish momentum) once more and now look at the BUEB. Does it look convincing enough for u to risk your hard earned money for this small pattern? We are traiding only large and obvious PA, it means, the candle has to stand out from all other, it looks like the 4 previous small bars, so for me there is no trade.
Don’t take it personally please if I somehow offend u, just want u to look for the REAL DEAL! 
Altho I haven’t said this BUEB won’t work, it’s just as Johnathon said “trading such signals, won’t make u profitable in long term”.
Hope this helps and safe trading,
Richard
Hi Richard,
Thank you for your reply. We are here to learn and any discussions are welcome. Indeed I’ve also commented the 4hr pin bar on GBPUSD posted by birdcat is too small. I’m looking at this trade because the average H/L for EURUSD pair is about 110pips and the BUEB bar is about 100pips - it is certainly not a large one but an average one.
So you are right that it is not an A+ but only an A or an A- trade; and it is a countered trend trade which is even more risky!
Regards,
Toyogo
Hello, I have a quick question, if you could please enlighten me on it I would greatly appreciate it.
More often than not there is a difference between the chart patterns formed if using the Bid price/ Ask price as displayed.
How do I choose which chart to play attention to the one displaying Bid or the one displaying Ask prices ?
Thanks
This move is coming off nicely but here is why we wouldn’t take it.
Number One this is coming straight out of a weekend, who knows what the big players are going to do when London and New York opens?
Secondly it really is a puny Pin Bar isn’t it? What are the chances of the market being turned around by that one tiny signal?
In this case it is coming off but take these trades over time and you will end up with way more losers than winners. Plus an account that is whipsawing all over the place between profit and loss.
As always though, if you took the trade best of luck!