Forex Price Action

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20347

nice plan TF. Thanks for sharing it. a 10 pip stop always? do you get stopped out a lot? i think it’s important to have one written out in front of me stuck to the screen almost. i must write one. i wouldn’t really want to talk about my entries here as i’m still experimenting and a novice.

G

20348

Glad these worked out for you but pay attention these are NOT engulfing bars, by definition engulfing bars should TOTALLY engulf the previous bar i.e. the opening price and closing price of the previous bar should be included in the next one

20349

Thank you for the information.

I didn’t finished reading of this thread yet, but will try to take this in consideration in my next analysis.

Meanwhile I had to apply what I’ve learned so far. From other source I’ve learned also that the strict rule is yes, exactly what you said, but not a general rule (also according to Steve N). The real body wrapping the previous real body is enough (of course in addition should be a trend before so that to be called BU/BE EB), but will take this in consideration.

20350

I am not saying that it doesn’t work nor that this is the universal definition, I am just saying that, in this thread, J. is rather strict on his methods and tries to avoid confusions. So, for this thread, this setup is not valid.

Also look up the definition of PinBar you will notice it is quite different in this thread thank other PA courses

20351

Hey,
what do you guys think of the Sliver H4 PB?

XAGUSD H4.jpg700×372 14.8 KB


Is it large? No, but with strong trend
Swingh High? I just noticed that this might not be the case
Signifcant S/R? Yes
Traffic? Not much space to FTA but enough to be managable
PB:
Sticking out: It would be better if it pierced through S/R more and had a higher high than the recent swing high
All together I guess it is not A+…
What do you think?

Regards

20352

hi trendsfriend

Is this S/R significant on Daily or only on H4?
I looked and didn’t find it as an important S/R on D1.
Instead I found, on D1 a VBRN at 16.

20353

Hey,
This is the daily XAGUSD. I marked the resistance that I showed you on H4 before.

XAGUSD D1.jpg700×318 15.3 KB


In strong trends, there’s often no clear pull back on the Daily (for example only one candle wick, that shows that price went back) . Thats why we can try to get in on intraday charts.

20354

Yes, looks good

but I see it rather like a Resistance Zone, because if we put exactly at a specific price that level, I think it’s too much subjectivity in it.
If I look at H4 could be deceiving.
(on H4) Looks like forming a BEEP (engulfs, so far, all the previous candle), after rejecting that R zone, but the candle it’s not closed yet. Even so, I don’t see as a good trade because R:R it’s not so great if we put SL above R.

20355

[QUOTE=“thetrendsfriend;666573”]Hey, what do you guys think of the Sliver H4 PB? <img src=“301 Moved Permanently”/> Is it large? No, but with strong trend Swingh High? I just noticed that this might not be the case Signifcant S/R? Yes Traffic? Not much space to FTA but enough to be managable PB: Sticking out: It would be better if it pierced through S/R more and had a higher high than the recent swing high All together I guess it is not A+… What do you think? Regards[/QUOTE]
Looks like a A+ to me

20356

Hy,

I see at GBPUSD an important break of price at level 1.579 (on D1).

GBPUSDDaily.jpg700×525 31.2 KB


If it’s retested and will have an bearish pattern it’s a good opportunity to short on H4
GBPUSDH4.jpg700×525 30.9 KB

Anyone, other opportunities?

20357

Hey peeps,

there is a really nice 2BR on GBPJPY. Unfortunately it’s against the breakout trend, so I’m not taking it according to my plan. I want to show those who are new the signal though, because I read a lot of this thread and there often have been problems with 2BR, so I hope I got it right :smiley:

GBPJPY D1.jpg700×395 19.9 KB


For the 2BR we blend two candles together. The body is formed between the opening of the first candle (red line) and the close of the second candle (grey line). If the opening of the first candle is lower than the close of the second candle the body is bullish, vice versa it’s bearish. The wick of the blended candle covers all the room left, that has been covered by the two candles you blend together.
Hope this is understandable.

Regards

20358

can’t see the attachment…

20359

Sry, editting the image took awhile

20360

That’s how my levels look like for GBPUSD D1. I would say price is reaching for an important S/R at 1,57309.

GBPUSD D1.jpg700×382 19.4 KB

regards

20361

What you all think about this chard?
nzd/chf daily

FxPro - MetaTrader 4.jpg700×394 39.6 KB

20362

Hey,

I think there’s not much going on… Price is in the middle of a range rather than at key level

nzdchf d1.jpg700×315 13.9 KB


My upper level is 0,7749 and the lower one’s 0,73238 (around that, S/R never is clear line of course)

regards

20363

yea looks like it all zoomed out, how far do you zoom out normally when hunting for S/R?

How about this chard

Aud/Sgd 4H its bouncing off the 1.13 mark?

FxPro - MetaTrader 5.jpg700×394 42.6 KB

20364

I zoom out pretty far on the daily, to mark S/R because I want to see the key levels, where price really bounced back a few times. If you keep the chart zoomed in to much, you think for example a swing high is an important resistance, but you wouldn’t think that if you knew, that a month ago price went two times through the level like a warm knife through butter…
Can’t comment your chart because i don’t trade SGD

regards

20365

Thanks thetrendsfriend

Im still very new too forex and learning every day, still finding it a bit hard. Ill keep on posting charts and maybe ill learn a bit more how poeple look for setups.

regards

20366

I’m happy if I can help, but I’m quite new to this, too. The best thing you can do in the beginning is to read minimum the first 100 pages.
BTW did anbody see something? I feel like I haven’t done a trade in years… not much going on on the daily charts…