What and who do u think is going on, its a little vague.
I donāt really know, I just see the numbers. Either the news or something has enough market changing power and screw all high probability A+ setups everyone hooked up to. Maybe thatās the problem. Too many people see the same PA signal and they get faked out-
Quite a bit of truth here but devotees cant or wont see it for reasons only known to themselves
Until someone proves me otherwise I consider all PA strategies beaten for now. Itās not only Jonathonās method but other major PA traders I follow donāt get enough results either in the last 6 months or so. What Iām going to do is to keep trading until December this year with the lowest volume available and going low profile (or trade contrary to PA signals :D) and WAIT AND SEE. If this losing trend keeps on I quit trading because the fact that PA strategy donāt work in the long run means market makers ādonāt let you follow themā. Too much uncertainty. Wellā¦ so much work and study ā¦another failed business on my list.
FJANOS
I donāt mean to undermine you in any way but I trade price action and have been positive all this year.
Itās only this last couple weeks where the market has been slightly unpredictable due to fundamentals. even then I have not had any losses related to market unpredictability. I guess maybe we trade diferent support and resistance line or candlesticks patterns. I do hope you have a positive year though and everything works out for you. It would be a shame to have done all that work to see it go to waste. Wish you all the best.
Do use anything else with PA to filter potential trade?, also what time frame r u trading on.
Have u looked into trend trading with PA on higher TF.
Im just trying thelp u work through it.
Do you remember what Jonathon said about letting your trades go? I mean you shouldnāt close your trade before your TP target which is usually your next R/S level. Itās very important to keep this strategy and keep your lot open because thatās how you get positive balance on the long run. Now the problem is from January (even babypips talked about this market behavior) is that all high probability trades donāt reach my TP target or any other minor level they just fake me out. Nowadays you have to be very astute to even get few profit but itās not enough on long run thatās why Iām losing. Iām positive too for now but with this interesting market behavior (fake out of high probability trades) my balance will vanish.
I trade Daily 4H 8H 12H 1H W1. I filter just like Jonathon does ā¦ ok maybe a little bit more conservative only the verybest I take.
How long would a normal trade last with those time frames?
Hey guys,
I saw this double candle stick set up on EUR/GBP daily chart. What worries me is the support at the .7200 level and so I had to pass on it. Do you guys feel this would be a valid set up if that support wasnāt there?
I think it is rejecting off a reasonable resistance, but like what you said, have to be weary of the support at 0.72. Not much space to trade.
Can someone explain how do I enter a trade when I missed the first initial signal? I donāt have enough money for Johnathanās Members Only course (yet!) so Iād appreciate any help without giving all his secrets away.
Hi D37,
Your question isnāt very specific but normally one wouldnāt enter a trade after you miss the initial signal. That is my opinion though. I would monitor it, to see if it would have been a good trade and then just move on to looking for other trades. This is where a good trading journal can come in handy. Even if you missed it, you could still learn from it.
Gabi
Entering after the signal is āchasing priceā and isnāt something you should do. Well, if you missed it by on really small candle, you might just enter, but with entering way after the signal, you might end up entering at the end of the movement and get stopped out.
When you miss the signal, you should stay calm and wait, the next opportunity will come for sure.
But thatās just my opinion.
GBP/USD 1D- Well well, what do we have brewing here!? Hopefully tomorrow this will give a strong buy signal.
Hi there, newbie. just wanna find out how your trade went
Hi Kay,
I havenāt taken a trade on this pair yet. I was just showing a good area to look for a Long trade set up. (EX. Pin bar, engulfing pattern) Price did stall on the support I drew into the chart but Iām still waiting for a strong rejection before I get into a long trade.
unfortunately if your relying on this method to fund your trading you never will have enough money ,save your cash and buy something else Jonathon makes his money from people buying his course not trading himself.trust me on this.
And you know that for sure, becauseā¦?
Hi there, nice analysis from you. just wanna let you know i took a long trade and got off with a hundred pips thereabout. Nice one from you there
