Hi peeps,
Heads up + Watching:
Cheers
My favourite BabyPips soap opera series “Heads up by Dudest” 
Just wanted to add to be aware of the BRN and a parity USDCAD you posted, it might be a potential trouble area.
Dude, do you find trading in a range in any way different than regular trend/retrace hunting?
More challenging? Do you have the same entry/exit rules as for trends?
Fil.
PS. Great charts, as usual!
Technically not a PB, at least not a PB we are looking for here!
The wicks are outside the previous candle, is that alright?
EDIT:
The upper wick is outside the previous candle, is that a valid PB for us?
Richard
Interestingly spotted, Richard…
I second your question.
Hi Fil!
Actually, i sorta prefer ranges to trends 
[ did i hear a gasp?! ]
My reason: more entry opportunities while the range lasts (coz for a trend, unless a pullback+PA happens, no ticket to the train…and pullbacks can take a while, so… )
Trade areas: top & bottom of range
Rules: Same entry rules; exits at opposite end of range.
Cheers
Hi Rich & Fil!
This is just my personal opinion.
For me, the only hard & fast rules for a pinbar are the ones as set by Johnathon:
- Open and close within previous bar
- Candle wick minimum 3 times the length of the candle body
- Long nose protruding from all other bars (must stick out from all other candles)
The rest is up to discretion.
IMO, if the wick you’ve mentioned is outside the previous candle, but not so long as to push the pinbar’s body toward the center of the bar, then I’m kul with it. I’d have second thoughts if the wick was so long as to have the bar look more like an indecision than a pin.
Last pin i traded kinda similar to this one was OIL (WTI) H4, looked like this:
@Johnathon,Bryce,others: please swiftly correct me if I’m misleading the flock 
Cheers!
EDIT: GBPCAD H4 pin buy entry did not get triggered (whoohoo for entry on break of setup!) and price has fallen lower
That PB on OIL chart looks very legit to me. But the PB’s (on GBP/CAD H4) wick isn’t 3x times bigger than body.
I’m very curious if the upper/lower wick of the candle (depends on which side of the market we are trading) should be within the previous candle? I hope Johnathon sees this and replies.
Richard
Hey all,
sorry have been a bit quieter in here of late. As I said the other day I have a busy period for about two weeks and then will be back around more again.
Okay so the Pin Bar only has to open/close within previous candle. In saying that the best Pins do not have long wicks the other way from the nose. The Pin Bar is a rejection candle and we are trading because price has rejected price from a key level. If we get a wick on the other side this is also showing rejection from the opposite direction and hinting that price is not reversing as hard as we would like or in other words price may be showing indecision and not a definite rejection from one area that confirms either the bulls or bears are now in control of the market.
You can see what I am talking about just looking at the difference between the Oil and GBPCAD pins. One is clearly rejecting price and the other is showing more indecision.
Can I also clear up that the very best trades will be formed with the trend. The most reliable trades will also be found with the trend. In saying that some people like trading against the trend better or from ranges and this is simply up to them. My advice to newbs or anyone not making money for that matter is ONLY trade with the obvious trend in your direction. This will bring about a change in your results straight away. You may not start making money just yet but the losers will be cut down dramatically. If you are unsrue of what the obvious trend is then don’t trade. Only trade when you can see an obvious trend, price pulls back and you get price action to signal an entry. I know most people reading this who aren’t making money still won’t do this but please try it. You don’t have to take my word for it, you can even just start a demo account only playing trades with the trend and then examine results over 3-6 month period compared to your other trading results.
I hope to be in here more soon. I do check up everyday to see if any big questions that need answering that other have not covered of so if I see something I will try to get in here.
Safe trading,
Johnathon
[B][I]Lesson for today[/I][/B]: double check all the options before hitting OK & placing the actual trade.
Story behind: I split my order on this PB in half, one set up as a Limit Order to go long on a break of the PB (cancelled 2 mins ago as PA not valid any more), the other one, by mistake, was set up as Market Order to go long with a SL below the PBs nose… SL got triggered today while at work… crap.
Fil.
Jonhatan, i will subscribe your course next week.
In avarage how many A+ setup’s you post in your course per month?
hi guys.hope you are doing great.seems usdjpy is making a bueb from key support.though there is 145 minutes left in the daily candle.but i think it can be a good set up if the daily candle closes bueb.
thanks
I think if I was going to trade against the trend, the signal should be bigger for me. Besides I burnt myself too many times playing against the trend. It’s not for me.
Fil.
I totally agree with you Fil
I never traded news. This is not for me for the moment, but how does pair behave after news, does it return where it was previously or continues its wobble starting from different price point?
Todays FOMC coused large moves along most pairs. I am a bit affraid of taking those long candles as basis for decision trade. Traders, what is your take on it?
Has anybody joined Johnathan school recently?
I am considering doing so, but before hand i d like to ask a simple question.
Is it worth it? DId it help you?
I am simply looking for “independent” opinion. I hope Johnathon wont take it against him, to ask this question on his own thread.
PM me if you are not comfortable here.
This is an Engulfing bar, but it’s against the trend and the first tp is only 20 pips away.
In my books it’s not a A+ trade so I would not consider it.
My the pips be with you.
My comment would be [I]technically it’s not a PB[/I] if this is what you’re looking for, although it is an engulfing bar… Engulfing 3 previous candles from the top of the consolidation.
I bet Dudest would be able to tell more, especially considering his range-trading bias.
Fil.
