So here is one I am watching of the daily chart.
I am always first looking to trade WITH the trend.
The GBPAUD has formed a BUEB (Bullish Engulfing Bar) at a swing low. Some traders could take this trade long. The reason I did not is because I would rather trade with this down move in my favour.
I have highlighted on the chart where I would look to get short either on 1hr/4hr/1day chart to get short:
Safe trading,
Johnathon
I have just finished a new article some may like to read which can be found here: [B]How To Start You Price Action Trading Career
[/B]
Safe trading,
Johnathon
Insightful article Johnathon, thanks!
bhops,
thanks for explanation !
Vahagn
Dudest, how long have you been a member of Johnathon? I want to do his course but not sure
Hey Ang101,
I know I am not Dudest however I think I can answer. Dudest is not a member of my course, however I think you maybe getting confused as he was commenting about one of the articles I posted for all to see on my site. The link for this is on the previous page.
Hope this helps you,
Johnathon
Im sorry, I did mean bhops
Hahah okay,
well sorry I can not answer for him!
On my New York close charts I do not see any pin bar or even close. I am unsure what charts you are using however the area is solid for looking for longs should we get PA to confirm.
My Charts:
Quite a few pair moving into retrace mode which is exactly what we need to look for. In other words price is in a trend and is retracing back to nice levels to get into the trend.
For just one example of this is the EURUSD.
The chart below is the 4hr chart and I have highlighted where I would like to go long.
Your attached chart looks like 1H chart to me! Possible ?!?
The one I attached is 4H.
Hey thanks yes it is. As I couldn’t see what you were seeing I went down to the 1hr to see if I could spot any bullish signs and then forgot to change.
Below is my 4hr chart (much different to yours). This is a common problem. If people want to start using New York close charts just let me know.
Johnathon
Johnathon,
I did send you an PM…didn’t want to go off the topic here.
Thanks
What about the bearish engulfing bar on gbpusd 4h this morning? Wow, check out CADJPY daily
Hi Johnathon,
Not also wanting to go off-topic, but decided to post here coz someone else may have the same issue.
My 4H chart also looks different from yours… The levels generally seem the same, but most of the candles vary…
Earlier in the thread when you mentioned New York close charts, I Googled, and from what I found, FXDD was said to have 5-day New York close charts. But now i’m not sure…
PS: sorry again for off-topic; maybe you could de-mystify once & for all what broker charts you/your members use
@GBPUSD 4H:
-> Looked good, forming on a relevant resistance level…though i’d have liked the body of the candle to be larger…
@CADJPY D1:
-> Also looks good to me, forming again at a relevant resistance level…though again, wish the body was bigger 
But looks big & obvious to me
Thanks for the heads-up Johnathon!
Compare request: been watching EURJPY (H4 attached). Retrace seems to have occurred to significant S/R level. Something of a pin-bar seems to have formed but hasn’t slapped me in the face with simplicity/obviousness; waiting for confirmation that uptrend is back…
Hi team,
Here is that same AUD/CHJF chart I was discussing shorts for yesterday. well more in keeping with trading with the trend it has now formed rather large looking BUEB. It is yet to close and I HATE posting before a candle has completed but due to time constraints I won’t be around when it does.
Keep an eye on it. It also shows how it is good to have a 2 way plan with PA. That way if the opportunity presents itself you can get short or long.
Hi Ang when I have a spare minute I’ll shoot you a PM about it.
