That was my thoughts exactly!
Yes, this is probably worth trying! I think I’ll place first profit at 0.8510 and second tp at 0.8460… Unless - somebody will find something really wrong with this setup, it’s still 29 hours till opening:50:
Hi Remitu,
I agree with your analysis. The levels are great, but the pins are not. Doesn’t mean they can’t work out, but as disciplined PA traders, those are passes.
Cheers
Hallo harganoff,
Great pin. I’d have liked it to have been formed higher though (right at the key level)
For that reason, I won’t be in this one come Monday
Cheers
Hi there, im new to the forums but following this thread for a while it helped me stay profitable and do less stress trading thx Johnathon ;]
How do you guys see the next week something interesting? Im currently in NZDJPY Long position with sl @ BE so im quite comfortable but still looking for good PA setups
John I’m glad I ran upon your thread I trade pure price action I would say i’m intermiate trader about 3 years into my forex trading carrer so far forex has been good to me and learning something new every day. This year alone is when I strictly went to price action trading. I use supply and demand zones for my entry points and make sure I have good risk reward before entering my trades I make sure I’m not trading into a supply or demand zone just ahead I have to have a nice profit factor to open the trade. The confirming candle is very important for me and when a pair breaks out I wait for the retest of the broken level and get in on the break out or break down and ride it down or up to next level. You’d be surprised what small weekly pip goals add up to over the year when you use discipline method like this one if you don’t see a set-up stay out just 100 pips a week adds up over the year and 3 or 4 consistent years doing so will make you a nice start to your retirement fund.
I think people make it to hard when they put all the indicators on there charts keeping them clear and looking for good levels and candle patterns at those levels is how the banks trade and how every trader should as well.
[QUOTE=“TkMpZ;505117”]What do u think about this beeb rejected main resistance on EUR/CAD??
<img src=“301 Moved Permanently”/>[/QUOTE]
That’s not a BEEB, the top doesn’t go past the previous candles high so it doesn’t fully engulf it, there isn’t really a level there it’s higher up around1.3800, it’s an intra day chart (4h I think) at market close on Friday, and even if it was a BEEB there isn’t a nice strong close to it, also are your charts New York close, I use pepperstone and mine are very different to yours, to me it looks like day traders taking profit at the end of Friday, oh and it’s against the trend, all in all not good
You should take full responsibility for your trades, this trading according to what other thinks does not help you very much, you need to get confidence and be able to made trading decisions by your own.
If you fully understand your trading method, I can reccomend you to turn off all trading forums for at least one month and trade just by your own with full responsibility.
What do we think of the Pin Bar on the daily chart of Oil?
Has formed a false break Pin Bar. The pin is small one and has a few minor levels that it has to contend with if it is to move lower over the coming days. It is rejecting resistance and would love to hear some comments…
OIL DAILY CHART
I like the fact that it is a false break pin bar and i think the size of the pin is good enough.And fact that its ranging is also adding edge to the traders. However, i think its just many level of resistance below that makes me hesitant. First significant one would be the 96.00 area, its too near. I would not take this but i would rate this a A.
[QUOTE=“jackson905;505145”]
I like the fact that it is a false break pin bar and i think the size of the pin is good enough.And fact that its ranging is also adding edge to the traders. However, i think its just many level of resistance below that makes me hesitant. First significant one would be the 96.00 area, its too near. I would not take this but i would rate this a A.[/QUOTE]
I’m with you on this one, there’s too many resistance point ahead, so the TP 1 would be too close? Or as you call it trouble areas ahead :-)?
But maybe you have an insider insight :-)!
I rather not take this one…
John, I’m sort of new guy around, great PA technique. What is the best times to look at the charts? Right after NY close? Or when?
Well, if you’re trading D1 the [B]only[/B] time you can check the charts is after NY-close, hehehe 
Tongue in cheek aside, welcome mate!
D1: after NY-close
H4: during London and NY sessions (when there’s liquidity). [ For Asian pairs though (e.g AUD, NZD), Asian session is valid ]
Since you’re starting out, trade from D1 and you’ll be just fine
Cheers!
i dont like this pinbar its small (not 3x size of wick) and a lot of resistance ahead so i wouldnt take it.
Its so quiet nowadays, it seems that everyone went for holidays lol…
Anw here is a chart im looking.
Hopefully a Pin bar after NY close.
Jack.C
EDIT:
you know what, scratch that, i need it to retrace back a bit more for it to be a valid trade for me…
[QUOTE=“Forex School Online;505143”]What do we think of the Pin Bar on the daily chart of Oil?
Has formed a false break Pin Bar. The pin is small one and has a few minor levels that it has to contend with if it is to move lower over the coming days. It is rejecting resistance and would love to hear some comments…
OIL DAILY CHART
<img src=“http://forums.babypips.com/attachment.php?attachmentid=47812”/>[/QUOTE]
Why I dont see the pin bar? This is my daily chart and I thought it was NY Closing time…
Whose your broker?
[QUOTE=“cams75;505338”]
Whose your broker?[/QUOTE]
My broker is eToro