what a shame that this thread has degenerated into newbies teaching the newbies as well meaning as they are. We no longer see hide nor hair of the OP (we know what they say about the captain leaving the sinking ship )come on seniors ,give these guys a bit of guidance for pity sake.
Chill and peace to you. I thought this is a forum where people can openly discuss things and share opinions (in this case over PA), not some sort of a temple where one guardian angel must fly above in circles and see that people adhere to dogma to the letter. It doesn’t happen on other important threads as well. People talk. Ideas circulates.
To grasp the basic of PA isn’t hard at all, but practicing and perfecting the entries and exits take a lot of time though. I think discussing issues, sharing opinions and debating advice is part of the process and that will help people improve their trading. Of course, those who want to improve.
GBP/AUD W1 Pin bar. Nice. Locked in some profit. Letting trade run. free trade from here. Anyone trading, or just talking about it? lol. Get into it. G
I’m in on this one too, Guitarbloke ;). Such a beautiful chart.
Hi Berty,
That’s just how it goes. For more, we have to pay up, and fair enough. But there is plenty here on the first page of this thread (including links) to learn an effective simple profitable strategy. And for me, it’s a safe one too, as far as ‘safe’ can apply to trading. Trading a pullback at a swing high or low, then trading back in line with the trend off a support/resistance level with one of the price action signals described here is plenty to be profitable. The method is outlined here free, for all to see. Thing is, many traders will trade the same signal differently, because of impatience, patience, risk appetite, hyper personality, calm personality etc. and have different results.
If i am patient and take care in choosing my set ups, i am profitable (with these methods). When i have a losing trade, it’s usually because it was an average set up and i should not have taken it.
There is a lot of useable complete trading information here already on page 1 and in the first few hundred pages. Any extra methods like breakouts, continuation trading can be found free anywhere and learned.
Yeah, sometimes it is good to have some mentor support. But for that, we have to sign up to a forum usually. The James 16 thread at forex factory is worth a look and similar in some ways to this one. Lot’s of free info to start trading profitably there too.
Stick with it everyone. G
Saw this one too. Didn’t pull the trigger because for me it didn’t get close enough to my resistance line. Looks like it was a good mover though. Nice work getting to break even and managing the trade.
Nice polite concise reply fromgforce1 as is usual from him, good on you ,cheers
Sweet , I got into this one too with that bearish engulfing bar !
Here is a trade I have decided to pass on:
Pin Bar is rather small but it is on an upswing and with the current downtrend. It is also right at a relevant resistance area of 131.00. I am passing though because the Pin bar is not obvious enough for me to take.
Another one I think I am passing on:
Two Bar reversal from BRN of 95.000
Good size
Countertrend trade and there is a lot of traffic surrounding it. Not convinced it can get back to my lower support level I have marked.
Passing on this one as well.
[QUOTE=“poopoopotato;693520”]Here is a trade I have decided to pass on: <img src=“301 Moved Permanently”/> Pin Bar is rather small but it is on an upswing and with the current downtrend. It is also right at a relevant resistance area of 131.00. I am passing though because the Pin bar is not obvious enough for me to take.[/QUOTE]
Agree with u.
[QUOTE=“poopoopotato;693523”]Another one I think I am passing on: <img src=“301 Moved Permanently”/> Two Bar reversal from BRN of 95.000 Good size Countertrend trade and there is a lot of traffic surrounding it. Not convinced it can get back to my lower support level I have marked. Passing on this one as well.[/QUOTE]
I may consider this but will need to manage my trade, i.e. After 1st TP i take half position and set SL to break even for the other half.
Thought I would post a trade I am in to discuss. GBP/USD
Nice obvious pin bar that sticks out from other bars.
selling from a VBRN resistance area or 1.5000
With the down trend from a price flip level.
A bit of traffic so my first profit target is a bit conservative and is where I would like to move to break even
Good looking pin bar i took on the GBP/USD . Might be abit worrying about the S&R on the left though . So I’ll be keeping a close eye on it 
Good one potato and baojie.
Hope u both have managed your trade well as it turned around after hitting the first trouble area pointed by baojie.
Safe trading.
I’ve been watching the youtube channel since finding this thread and i really like this style of trading, is the school still going etc, i think i would like to learn this.
Also, what is the reason for using the New York candles, i can get those on my MT4 but just wonder why should i prefer that to other charts ? Thanks
Stuart
This one turned around quick and I got stopped out already…I’ll need to be more aware of the traffic on future trades.
The reason for using New York close candles is because those candles show the open and close of the market. On Friday’s the market closes after the New York session and doesn’t open again until Sundays before the Australian open.
If you use candles other than New York close you will have 2 daily bars with incomplete data. You would get a Sunday bar from the open until midnight and on Friday you would have a bar from midnight to close. Those 2 bars will not show the data for a full 24 hours due to the market being closed for part of the day. This means that some of your bars show 24 hours of trading and others show much less which makes for inconsistent data being shown on the chart.
New York close gives you 5 daily candles per week showing open to close evenly.
Thanks, does that reflect on all time frames ? i was comparing charts from the New York server with my usual platform and the daily (5 per week), 4hr and i think 1hr looked different but as a went into smaller time frames they all started to look the same ? but i will make sure to use those anyway. Thanks
Stuart