Don’t forget Friday is NFP ,don’t let it bite you in the a**e , if in doubt keep out.:33:
Hey buster48 i like your wording " bite you in the a**e". if in doubt keep out.:33:[/QUOTE]
[QUOTE=“doncht;675833”]Good one tranceaty, as always, you’re posts have been informative. [/QUOTE]
Oh thanks! Didnt know i can help, that makes me feel happy. Haha…
[QUOTE=“gforce1;675871”] Thanks Tranceaty. Please be aware that i am a novice trader too, so i would advise you get another more experienced opinion to confirm anything i say or do. Having said that, here’s some info from page 1 on position size and risk. http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-134.html#post352728 I have my eye on GBP/JPY which is at a KHL. looking for a short, unless price breaks through resistamce, then i will have a long bias. Good trading all. G[/QUOTE]
I feel that quite a number of JPY pairs are worth watching, like CADJPY & EURJPY.
Hope all are enjoying the weekend. I’m loving reading page 1.
All the info you need on this method is there. It really is gold and it’s possible to profit well with the free info provided.
I have a micro live account, but i’m trading demo from now on to see if i can get 3 months consistent profits. When this happens, i’ll go live. Looking forward to the trading year ahead.
Thanks Johno and all! G
Is anyone going long on the EUR/CHF?
[QUOTE=“gforce1;676331”]AUD/USD D1 at KHL. I’ll be looking for bearish PA to go short with trend. All comments welcome. G <img src=“301 Moved Permanently”/>[/QUOTE]
I am also looking to short. But I wonder if the two bottoms appears to be double bottom. Which could signal a reversal.
How would you guys take this? Especially when the reversal is after a very strong down trend?
Price has broken up through KHL on AUD/USD so i will wait for retrace and look for long PA.
GBP/USD, EUR/USD also at KHLevels, so i’m watching these too.
Hey Wheels. EURCHF looks useless at the moment as it’s just ranging with small candles. What do you see?
G
Pin bar on Daily AUD/USD (Not closed yet).
Bearish engulfing on 4H.
What do you guys think?
Hi Andrew. AUD/USD D1 PB hasn’t closed and won’t for many hours yet. The BEEB on the 4H hasn’t closed yet either, but it looks promising. My bias on this pair is now short given price crashed back down through KHL. I will be considering the 4H BEEB if it still looks good at close.
In the meantime i’m short on EUR/USD H1 blended candle PB off resistance. 2:1 RR. all comments welcome. G
Took profit a few pips short of target as price stalling at BRN 1.8000 and possibly reversing. 2:1 RR. 3 TRADES FOR 2015. 2 WINS 1 LOSS.
Also, I want to ask, what if two PA signals show at the same time, e.g. Daily - Bearish engulfing but 4H Bullish Engulfing, both are big PA signals. Both of swing line.
I’m also looking to short on aud/usd looks good beeb on the 4hr chart. Don’t know if I want to just jump in now or wait a bit cause the stop will be about 100 pips. And the return looks about the same. But it looks like a strong move. What does everyone think
And the beeb on the gold 4 hr chart too.
Congrats.
Just to share my thoughts. I didnt see this trade since I did not draw my S/R line at where u drew, i have mine at 1.228, still waiting for price to retrace back. I tried drawing ur S/R line on my chart, but I just don’t think i’ll be able to see that level on my own. I have attached the chart for sake of learning.
I sort of get what u mean, but do u have a live example? Probably need to read the whole PA story.
It does look like a strong BEEB, but there is a minor (or maybe not too minor) support at RN 0.81, I guess if you were to short, you have to manage the trade at around that area.
Chart attached for sake of learning.
Gold is not close to my S/R lines yet, so its not in my watch list.
Anyway, I always find it hard for me to draw S/R on choppy charts, not sure if I have drawn my S/R in logical areas.
Hi Scotty. For me, the RR is not good enough on this trade.
Andrew, re 4H BUEB and D1 BEEB, i would trade with the trend. The daily trend would likely take precedence, but i also read we trade with recent momentum? but i am only a newbie. As Tranceaty suggests, post a chart so we can see. Have a read of page 1, as this question will likely be answered there.
G