I gave my opinion according to what i saw on his 4 hour chart.Aren,t you good to go if you have a nice setup at hand?Why shoul one wait for the closing of the session?
Correct me if I’m wrong but we want to wait for the candle to close because you don’t have a confirmed PA signal until then. I’m new to this but I have watched plenty of potential PA setups turn around before the candle closes. I like to also wait for the next candle after to confirm the market is doing what I think it is. Yes you might “waste” a few pips not getting into the trade right away at the swing, but better to wait for price to break your direction before entering. Safer, gives you a better edge.
Am I on the right track here?
Forex4, if you notice I was referring to the [B]daily TF[/B] and at the time of posting NY hasn’t closed yet so it was risky to preempt the action into NY close. If I was taking the PA setup on the 4H, yes that would have been valid to wait for the completion of BUEB candle and then jumping in on a buy stop for instance.
Hi,
Does below count as picking tops/bottoms?
Big 2BR (yes, IB at the same moment, but it looks to me more like a 2BR…) from proven weekly level.
Anyone sees any cons apart from being countertrend? I’m not taking as of the above reason, I have lost my all CT trades so far…
EUR/GBP (other EUR pairs in similar situation)
Dude, my guru…
I thought you mark levels on daily and wait at those on H4 for PA, but it looks like H4 levels and D1 looked different in this example. Please enlighten me 
Fil
cheat sheet
I’d go even a step further and say: not only until a candle closes, but until it’s [B]broken[/B] in the direction that you’re trading.
Fil.
What I concerned is about the big round number 1.0000 is too close as the trouble resistance area.
If you look at the daily chart, it is an uptrend going on, but looking at the 5previous candle on daily, it is quite interesting to see several big bearish candle and also PB formed, which means the “sellers” are in control.
That’s my opinion.
Hope to hear from Johnathon as well and hear his opinion.
Thanks
EJ
Hasn’t closed bullish enough for me to be even considered.
right, so if i was watching a pin bar, i would wait not only for the pin bar to close but for the next candle to break before entering the trade.
And on that eurgbp chart i think i would look for this retracement to bounce off support and go with the trend.
same as eurusd.
That 4h doesn’t show me a trend.
Lower highs and higher lows. It’s consolidating. Kind of like it’s compressing
Even if it was uptrend, It didn’t make a large enough swing and you’d be trading that engulfing bar right into resistance.
why its A+: My analysis
1.Trend is up
2.Pull back to support
3. Pin bar
4.Entry Above pin
5.Stop loss:Below Pin bar
Question:
With all Jpy pair positively correlated,do you trade more than one jpy pair ?
cheers
Some interesting position on AudNzd.
Daily Chart
4H Chart
1)Downtrend
2)The price is on RN - 1.24
3)NICE BEEB
4)Room to trade
Some comments?
Hi all,
Can someone correct me Plz?
On weekly TF there is support/resistance, may close as PB on h4 , trade direction is in favor of the current trend. Is this a good setup" in case it formed PB "??
Thanks
Hi Forbiden,
Price is right in the middle of weekly support, so I’d be wary of taking a short off a lower time frame right now.
Should I must worry about weekly chart when I take my decisions on 4H?
Hi everyone… Heads Up
We are going to have a Bread and Butter setup on EURUSD H4 soon. very strong Bullish engulfing bar is shouting at us to trade him . what do u think guys???
Higher time frame trends and support/ resistance (SR) are stronger than lower time frame trends and SR. In this case your H4 entry is very close to a W1 opposing zone.
When a strong H4 downtrend comes up against a strong W1 support, can you say which way price will go? I think it might go either way. Also in such cases there might be major whipsaws which could take out your stop loss even if price eventually goes your way. So this is not an obvious A+ trade to me.
Of course it might still work, since the H4 trend is showing strong momentum. But as Johnathon says, over time taking non A+ trades will lower your profitability. The obvious trade for me would be to let the market choose the direction at this critical zone and then look for a good entry on a retracement.
Disclaimer: I am not an expert and still on demo
I’m waiting EurUsd too. EurCad, UsdNok and UsdDkk too … Look at it on 4H chart 
Thanks for the advice. I appreciate and remember it 
Hm, yeah, Im looking this pairs too, but I prefer to wait the pin bars on daily TF, this days I lost a lot from H4 TF… so I will wait tonight and if I see pin bars on daily- GO 