Forex Price Action

The good thing is, you are teaching price action, which really works. One can trade just on what you have displayed on the non-profit side of your website coupled with examples that you post here, that’s for sure. (The more a new trader gets to learn from your experience, which is I guess what you charge for, can only benefit them ). I wish you the best of luck and thx for explaining to me this delicate balance here on BP.

Seem you trade Red Pinbar . Before i only Buy when chart appear Blue (White) Pinbar.

So true. The first pages of this thread and his free articles were enough to make me a profitable trader in the last 2 months. I’m beginner and started trading in September.

yeah as long as the pinbar closes within the previous candle it doesn’t matter whether it closes red or blue/green/white.

Hi all, Dudest,

Anyone enter this trade?


Regards,
Toyogo

I did. The pin bar on the daily confirmed our entry :slight_smile:

Hope next time you post chart soon when price complete pattern :smiley: I miss them




Running zero risk now.

I guess the philosophy behind the system is: If you know you can take those pips why not go for them? Setup is with the trend, reaching support, pin bar. Go for it.

I think down at 1.3020/40?


BEEB, anyone would like to short this pair??

Certainly a key region.


I did opened a short position after the BEEB


This is how they drag everyone?!

Hi fazliy,

This pair is in the uptrend (HH & HL) and the next major resistance is @0.8300. So I don’t like to trade against the trend (which is 4hrly time frame) even it has BEEB formed.

Regards,
Toyogo

Hi Toyogo,

The level and BUEB were great. The only reason i didn’t take it was the close FTA.
May it keep going up for you my friend :slight_smile:


I’ve learned from that it’s better to watch for 4h two bar, because it can give you better risk:reward than a daily pin bar.

Honestly depends on the pin bar and how you trade them

this would have been a perfect example though. You’d have to set your entry higher than you would the two bar. with sl in the same place

I must be missing what you are trying to say. Based on that chart with the 2 bar entry. You would have waited to for break above the outside bar with a stop below it correct? Now let use our imagination here for a second and picture that outside bar was a hammer (pin bar) would you not wait the the break above with a stop just below the wick? Thats the exact same R:R

I trade pinbars a little differently that I will not go to deep into here but I trade the 50% retracement of the pinbars wick. This gives me a better R:R. However in a case like this (again pretending that outside bar was a hammer) I would not have got a trade as there was no retracment.

Hope this helps