And what was the reason for entering long? Looks a bit like gambling for me.
I took the trade long on this one as well. As Moreno showed in his chart there was a really nice price flip level where resistance turned into support. The 4 hour chart showed a pin bar from the level which is a good price action signal to use to enter trades. It is also with the current uptrend which makes it a strong trade opportunity.
Iām currently 150 pips up and have moved my stop loss to break even.
I know the basics of price action trading 
But I was only looking at the daily chart, and from there, I canāt see any good signal candle. In H4 of course, there is a pinbar.
Thanks for the praise guys!
I became a little too conservative and never took a trade on the pair but I am happy for your success. (and slightly jealous)
Is this the pin bar you guys traded?
Have you seen the news lately? This is the reason Weāre losing high probability trades.
In FX rigging: If you aināt cheating, you aināt trying | Reuters
Trouble is fjanos thereās none so blind as them that donāt want to see eh.
I lost 4 years with studying and investing in this method. Itās just so frustrating Maybe Iāll turn my Price Action trading knowledge to stock trading. Anyone who has experience with that. PA trading with stocks?
hi, i actually traded the third and fourth candles prior to your highlighted one, on my charts it formed a bullish engulfing pattern on the prior resistance now turned support, i would have placed a picture of my chart but unable to do so, No Gambling bro!:58:
Then you donāt have a NewYork-Close-Candles-Chart?
Ive been on this site since 2012 at the very start and an am fx honorary member ,I donāt want to put my real identify down but it would probably shock you and lose me a few trading mates.Go back over the start and see how many of the originals are still here,Iāll save you the bother .none!! as it simply doesnāt work.even go back a few months .same story.Iāve been trading 6 years so I know a little bit.FX is far to manipulated and not there for your benefit, but to get your cash .and very good at it too they are.I donāt care if you carry on or not ( not you fjanos as you seem to be well educated),its not my money theyāre getting,this is just a tip to stop more people getting into the MMs pockets.You need such large stop losses and the drawdown is so great it will simply wipe you out.One or two on here will get excited about this and will deny it doesnāt work (the brain washed) but lets see if theyāre still here in a year.probably not,if they are theyāre just chasing their losses i expect.
Just an FYI, the originators and senior traders donāt post in here anymore because this thread is now less about price action and more about people trying to convince others that it doesnāt work/FX is rigged. Thereās only so many times you can quarrel with someone until it becomes a complete waste of your time. I try to be in here as much as I can but I would rather spend my time learning and growing with others who have similar mindsets and ambitions in Forex, which is why I spend most of it in the memberās forum.
You are just adding a solid confirmation to what Bertyd said. I totally agree with Bertyd. I have been following this PA system for 8 years now without any success. You only make money from this game when you sell courses, make member areas and teach beginers.
Without the intention to sound insulting, you can just stay off this thread or do something else if you know it doesnt work for you. Please let those who wanna learn do so. Thanks
How did I know pippin would be the first defender of the faith all he,s done is proved my point,as they say you can lead a horse to waterā¦of course its rigged pippin ,open your eyes man the only people making money are the MMs,they are the 5% and the rest of us the 95% .Sure you may have a few good weeks or even months but the market will take it back as sure as eggs are eggs. Nothing against you personally pippin as from your posts you seem a decent and well meaning guy ,Just wrong.
I suppose the thing is your not learning something thatās going to work for you.
I asked awhile ago if there were any long-term success stories, considering the longevity of this thread. Iām still very curious.
Iām glad we have this discussion which is I think very important for everyone who made so much effort learning and investing in this.
Iām sure most of the experienced traders who use or used this method had success at the beginning Itās not entirely bad strategy (if you compare it to other strategies or methods itās the holy grail) but my concern is the following: as more and more people use Price Action I even dare to say 80 % of the traders are haunting Pinbars and drawing R/S levels in the world. The MM (market makers) take advantage of this fact. The more people are in the price action game more $ they make. itās better for them because they know how the 80% of the traders would react when they see a PA signal. Itās like telling the future.
Ok letās say in the next couple of month these MM traders or āFX manipulatorsā donāt rig PA trades because they got scared of this scandal (see my previous post) so after that we can have some positive trades and earn some money BUT THE PROBLEM IS YOU never know when they gonna act and they wipe your balance out in weeks and this is called manipulation so PA is beaten for now I think. I donāt blame MMs they just have the ability (lot of capital) to do it.
I think ākaysalasā beginners have the right to know the TRUTH here. Thatās why in this forum everyone is free to say or claim. You can prove my point otherwise or simply give me proof that Iām not right . Youāre free to do so. PA is beaten for now.
Noone wants to cause harm here to anyone. Not to traders who sell courses or teach beginners for free. I just warn people, especially beginners. I know the truth is sometimes a harsh master. When I see PA setups posted by Jonathon and other celebrated traders on their site - and Iām talking about 5 or 10 setups lately - and at the end they get faked out I think something is going on and Iām trying to find out.
Some time ago Pippin when you and I had a difference of opinion ,you said more or less ādefending this thread was draining youā so Iām unsure why you still insist on āwading inā every time someone questions the validity of the method. As you know Iām not a devotee and although I use somethingās (like fjanos ) I personally donāt feel it works as a whole long term. I suppose if your so convinced you could post say- your next 10 trades as you do them with your target and stoploss,if it works then you silence the disbelievers once and for all. There you are thereās a challenge for you. There again you could say you shouldnāt have to prove anything, the trouble is people might say āwhat a cop outā I suppose. I wish you well.
Well said Buster, Let him present those 10 trades, IF HE CAN !!! which is not going to happen