Fair call!
Hello Johnathon,
So the safest way to trade is during London and New York Session or during this two session’s overlap?
by the way I like your website… you have taught me a lot, for me as beginner your website is so much help, and give a new understanding and perspective . Thank you so much for the education Johnathon.
Hey thanks for the nice comments.
Well if you are trading daily or weekly it doesn’t matter when you trade as your daily signals is taking in all sessions into account.
Intraday signals such as 4hr can be formed solely of the Asian session. The Asian session trading is very thin and generally not much happens. This can produce false signals because when the UK and US opens they may have a totally different view of where the market should go and what’s more they trade in the amounts that will make the market move.
So intraday is a lot safer trading during the bigger sessions or over the overlap so during the US/UK/EUROPE etc
Make sense?
Johnathon
I see… now I get it, Thanks again Johnathon
Robert.
Hey guys
Here is a nice big BEEB on AUDUSD, Im not taking the trade as there is a big problem area very close to entry.
Im rather looking for a A+ and to me personally this is a B- setup.
Happy trading
Johno, I think you need to get a live chat room going in the members section. Im bored! :59:
Haha,
yes I have though about it but then to have that it would need to have moderation at all times which is tough! I will think about it. As you know though I have other things planned before that.
if you are bored turn the charts of and walk away. Don’t look at your charts for excitement.
What did you do before trading?
Just finished work a little while ago from very early this morning.
I had a quick look but nothing interests me thanks to you and your A+ setups.
Have a good one
Cheers
By all means go nuts and take average setups! At the end of the day I don’t want to many people making money! I need people taking rubbish setups for me to make money!
morning all,
i’m new here,
i’m reading form the first post, it’ll take some time,
i’m not english…
i’d like to thank you for this thread,
i love price action, but very few people trade PA…
i will follow you,
i’ve a question, where could i find some description f what you call A+ setup?
see you soon!
hello jonathan,
i really likes your thread, you opened my eyes how trading should work.i want to learn more about PA. my question is how you make R&S major lines? bcoz there are so many R&S lines n am little confused how it should work as major lines. are u using fibo retracement?
Heya dnagolf,
go and watch the free videos and articles which show live trades here: [B]Price Action Videos[/B]
The come back here and read through the first lot of pages in this thread. You will see plenty of trades and examples. The only A+ trade in the last few days has been on the USDCHF daily chart. A nice Bearish Engulfing Bar at resistance. See chart:
USDCHF DAILY:
Johnathon
Hello and welcome Evanp90,
okay so like everything: Try and keep it simple. I know you will see people with 1,000 lines on their chart but the idea of price action is to keep the chart clean so we can see and read price!
You only ever need two lines on your chart at any one time. They are one above price at the closest resistance and the on below at closest support. Think of it this way: Why have 10 different lines on your chart? They have to break either the closest support or resistance first. As price does break levels you can re analyse and remark your charts.
Please let me know if this doesn’t make sense…
Okay so here is the chart from above on USDCHF. You will see two lines. One for resistance and one for support. Price is now sitting on support and a bounce higher would not suprise. If price does go higher then the resistance marked will come into play. If this support breaks I will look again and mark the next support level. See chart:
Safe trading,
Johnathon
Hi guys,
GBP/CHF H4:
What do you think of this?
PS: my TPs (take profits) at the next support levels: around 1.44440 & 1.43970
I’d like to see a bigger signal and played from a swing high.
Dudest!!! And I thought you were really coming along… Yes it may work out but…
Okay so indtead of me always pointing out why trades people are putting up are not A+ I want to ask you to please look at this setup and give me the 2 main reasons this is not a good trade??? This will help you I think…
Well done. As I said I don’t watch this pair as too exotic for myself. Can you tell me how you are playing as I can’t see the levels etc? And what sought of RR are you aiming for?
Good luck!!
Johnathon
( i feel that’s still a compliment…even though i know what’s coming next…
Yes it may work out but…
Okay so instead of me always pointing out why trades people are putting up are not A+ I want to ask you to please look at this setup and give me the 2 main reasons this is not a good trade??? This will help you I think…
On further thinking, not A+ because:
-
Pullback has not yet happened after support was broken (had it formed on a swing high following a pullback as Bryce said, that would have been better.
-
Can’t think of a #2 honestly
Hahah okay so you know I only want to help right?
And as always just because this is not A+ does not mean it will not work out! I am not saying it will not work, i am saying over time they lose more than they win.
Okay for me:
- Way to small compared to previous candles. Very small and indecisive,
- Not formed at a swing high but rather a low. Trading from a low will mean you are trading into support and we must trade away from these levels.
Make sense?