If you look at my profile I registered on here last year May, so I couldnt of known Johnathon
Also if you see my first post in this thread, I actually thought he was part of Nial Fullers group.
I hadnt been on babypips for some time, and to be honest didnt expect to read any really good systems, yet I come anyway and saw this thread labled PRICE ACTION, I am a huge fan of PA and have a fair knowledge of it, well thought I did. I read just a few of Johnathons posts on here and boy, he knows his stuff.
I purchased his course last week and I can HONESTLY say im very impressed!
Spongybob, I hope he’s paying you a good referral commission! Haha, joking.
If you don’t mind me asking, what is the time commitment for the training? The cost is reasonable so I wouldn’t object to it. Training worth it for a newb or should I get more under me before I consider it?
Seriously though, I managed to go through it roughly, I have an understanding of PA and S/R so its easier for me to grasps it.
As for newbies, well I started learing forex around 3 years ago, had I started with Johnathon back then I would of saved allot on books, courses, margin calls ect ect.
One of the reasons I bought his course and not Nial Fuller that I have and still do follow on facebook, is that Johnathon put his reputation on the line by being on here. I could of come back on here and told the thousands of people reading here that its a load of RUBBISH
You too could purchase it and then come here and tell me im talking RUBBISH.
This is the bottom line, if you really want to take forex seriously, you wont be sorry joining.
Look it’s pretty simple, Johnathon being on here is good exposure for him and his course. Of course it is. He puts his reputation on the line and for people interested in Price Action it is a great way to sample his methodology and teaching principles without putting any money down.
Naturally he is going to hold certain stuff back for his paying members to be fair to them. There are more advanced techniques in the course and a whole lot around stop setting and money management that is so crucial to trading, and which frankly speaking, a lot of Price Action courses avoid like the plague.
I know he is also in the process of putting together a new section devoted to trading psychology (also much neglected in many trading courses.)
It goes without saying that you also have access to a guy that really does trade for a living which is the kind of access/mentoring that a lot of people are after.
However on the flip side there is tons of free advice he has given away on this thread and I know he is determined to contune providing this advice for Price Action traders here for as long as it’s wanted.
Personally I think it is a win/win for everyone.
If you want a good basic grounding on PA trading for no dollars down you can continue to follow this thread and bounce ideas off of Johnathon.
If you’d like to take it to the next level and go to the more ‘advanced’ stage then obviously you’ll have to pay to get the course.
I think that is a pretty fair compromise, but what do I know? :18:
And no Boston he doesn’t promise to make anyone super rich. That will all be up to you my friend, LOL.
no I will not stop giving info away for free and talking about what I love. Yes I will hold certain things back such as how traders should manage their trades but at the end of the day it is not all about MONEY! This is not the only forum I talk on or am a contributor. I have a few blogs around, do professional contribution for DailyForex.com and also in the process of starting a fund for the public.
There is NO big secret! Also I can not make any one rich! Full stop! You show me someone who claims these two things and I will show you someone that should be put in Jail!
I am going to do a video later if I get time on two trades this week both on daily: GBPCAD and AUDCHF and also the levels to watch for the coming week. I will post in here an on site when I get time.
good to see you posting. Two days ago when we saw that rejection candle I thought the chance for a decent pullback was looking likely. This Pin however has failed to break lower and price is once again testing the recent highs.
The problem price will have trading back lower is all the traffic it will encounter on its way back down.
Now what is important is the box that price is stuck in at the moment. Notice how we have had rejection candles in this box both ways that touch the top and bottom of the box almost to the pip? It is to early to say anything until we have a clear break of this box. Once this happens we will normally break out hard and fast and then price will retrace and test again. It is here will will get our entry.
It is much easier to explain on a chart. So if price break the box higher we would look for price to rotate back lower and for us to get long and if it breaks lower for price to come back up and test lows to get short. make sense?
Hey guys,
I’ve read in another blog (Nial’s blog i think) that to place the S/R levels on a daily chart we need to zoom in on no more than 6 months of candles…How many candles do you use to place your levels on a daily chart?
I am unsure as to whether you are asking this question to me however I am going to answer it because I DO NOT want anyone to think that they have to start looking at no more than 6 month of candles to mark support and resistance.
The first 2 examples of charts I will use is are both daily charts. I want to show people what price is. I am constantly explainging to people that price is telling us a story and it is our job to put it together.
Support and resistance shows us on a chart where buyers and seller have come in. These level go back as far as our charts can go. Zoom your charts out as apsolutely far as they can go and you will notice support and resistance levels have been suported and rejected for years and years. What I am saying is these levels repeat themselves over and over again!
First chart: EURUSD zoomed out as far as it can go. 07 and 08 represent 2007 and 2008. Error. On the chart it should say resistance and not support. I made a mistake.
Second chart is EURUSD daily chart and the level I zoom charts out to look for S/R. Note I have over 2 years of info on this chart. If I didn’t I would miss very obvious levels like the level price has rejected 2 days ago.
Thanks so much for the answer. I’m asking this just because if i use 3 or more years of data (on a daily chart) to mark support/resistance, i do have so many levels to deal with, and i almost never rich the 1:1 R/R because there is always a S/R in between… So I’d have to discard some of them and i never know which one to delete from my chart because all of them are IMPORTANT LEVELS.
Somewhere i’ve read that the most recent levels are more important than the olders at least for the short-medium terms trading we are looking for…
The second thing is if we watch at the same period of data, there is more possibility that we ALL mark almost exactely the same levels and we don’t have to think about the importance of that specifical S/R.
Just to clarify my thought i’ve marked down the S/R of EUR/USD of the past 4-5 years…
Almost every level has a retest of 2-3-4 times so i have to consider every level as important as the others… How can i know which one to delete?
See the post I asnwered you previously. The middle chart is the chart I use to mark my lines. I use that much info.
I will answer your question tomoz morning my time as 1am here and going to bed.
On another note I have now just take part profit on the two recent daily trades on GBPCAD and AUDCHF. To see the setup I traded here which were a bullish engulfing bar and bearish pin bar please see previous posts. See charts:
Thank you for opening a Price Action thread here at babypips. Your trading experiences and valuable comments are highly appreciated. It is a goldmine to all of us who desire to learn true PA. Good luck and more power to your Forex Online School. :32:
Was checking EURCAD daily chart and saw the kind of pattern we’ve been talking about (downtrend -> reverse_to_test -> downtrend). Seeing no obvious PA on the daily, i quickly popped into the weekly, and…(see below), seems like a BEEB (though the candle has NOT YET CLOSED!)
