We are only concerned with the short term momentum. That is why the 1,2,3 pattern suits out style so much because it shows change in the short term momentum.
The chart below has an example. We are only concerned with recent move and trading with it. The reason for this is because of the length of trade. We are only trying to jump in and ride swing back and fourth. Other traders may be after large chunks of the market which they will stay in trades for a few weeks and months but we are normally only in trades for days tops.
The black arrow below shows what others may be after, and the red arrows show what we are after. Just remember we are simply trading swing in the market.
I am super busy making up a few new things and will be a little quieter in here over the next 2 weeks or so. If anyone needs me or has questons they can email me direct at <[email protected]>
I will be back around soon. I just need to knuckle down for a while and finish of a few things.
On another note that setup I posted of the GBPUSD 2 day Pin Bar/2 Bar reversal has come of to the downside. I did not personally take this setup but traders who did would be sitting pretty right about now!
i dont knowā¦
in all honesty i think the thread was a canvas site to recruit members for his site and get guys working finding trades for himā¦
i didnt mind though because i actually learned some stuff from the guyā¦
plus he was plugging pepperstone and when anything else was mentioned that wasnt pepperstoneā¦he kinda got upset.
i think he maybe has connection with pepperstone, they are australian based companyā¦and he is aussy.
but i give him his dueā¦he pulled the wool over most peoples eyesā¦and if he was doing all that stuff which is just my opinion ā¦then credit due ā¦fantastic marketting. top drawer.
it was so obvious from the 1st page of this thread was to push readers to his member site. If you go back to the 1st page you can see I think it is bhops come in and start contributing like he did not know Jonathan, but then Jonathan decided to share the ,fact Bhops was a member of his site.
Anyway the info he offered was enough to get most started on this PA. but think of it as a discount to his site.
I would laugh when people would come on hereā¦'oh thanks for your time, thanks for sharing", blah blahā¦so obvious this is internet advertising, just be straight about it from the start
one other thing about fx trading,if any of you had a very profitable way to trade, i mean very profitable, would you spend your time trading it or start a memebers site showing others how to trade it, think about it, think what would be more profitable.
as i only work a few major pairsā¦and this thread showed me that these A+ trades are worth taking on obscure crosses some of the timeā¦so now i do my normal tradingā¦and i have a wander in the thread to see if you guys have come up with any obscure cross pairs that i dont bother with ā¦that may have A + trading opportunityā¦and if i liked them i checked em out and maybe took the odd punt.
he also enforced lots of good stuff about good signals and bad signals and buying at the low and selling at the topā¦very important stuffā¦
so it was great really from a free learning point of view whilst it lasted.
aside from gaining new recruits i think it would be stretching things a bit to think he was depending on newbies here to tip him off to possible trade ideas (lol), especially considering how rarely they occur
i never saw any getting upset by johnathon when other brokers besides pepperstone were mentioned and i read the whole thread diligently and took notes the whole time. would be nice to know which posts he did get upset in. johnathon also said he only uses pepperstone for the mt4 charts and places his trades with another broker which he kept confidential
Recruiting / Advertising aside, I will miss Johnathons contributions. This is/was one of the best threads on Babypips IMHO.
I have no need to pay for advice but found the posts in this thread interesting and valued.
I regularly dip in to see whats what.
So Iād like to say thanks Johnathon for starting it off and for the people who posted many good set-ups.
Just thought I would correct you as I know which thread you are speaking of. The daily is used for sup/res, the 1 hour is used for the setups (as it is an intraday method) and the 15 minute is just used to time the entry once price reaches the desired level. Hope it clears it upā¦
Honestly!? For real!?
You guys obviously have not come across real scammers to know the difference!
@Brink:
-> You think Johnathon needs newbies/anyone to spot trades for him?! Cāmon!
-> And since when was Pepperstone the only choice? How often has it been emphasized that all one needs is a ā5-day NY-close brokerā (with Pepperstone being the one he used)?!
-> @Wool over eyes: has anyone come on here and said that these methods are fake/did not work?! Has anyone come on here saying FSO was a scam?! Where are you getting this stuff from?!
@Fergiebom
-> It was obvious from the first page of the thread that Johnathon was sharing a passion he has ( fx trading via PA ). Have you even traded the method long enough to know whether it is profitable or not? Have you tested the concepts and given it chart time to see if it really works?! All I can say is āyour loss buddyā
-> Actually, trading + teaching others how to trade would be doubly profitable, because having a group of profitable traders makes ones trading even better.
Yes, Johnathon does run FSO, is that wrong?! More than that, he has a passion for forex trading. How many full-time traders do you know of that actually go through a thread discussing what gives them an edge in forex?
I donāt usually rant like is but Iām honestly disgusted with how you guys have belittled what Johnathon has done here. Iām even more disgusted that you did not have the guts to say all this when he was still here. This is one of the best threads in BP, donāt even try to cheapen it to āinternet advertisingā
nice said Dudest!
first you all take the free training and good advice from the man, prais him to heaven
and now some of you try to stab the man in the back!
itās almost like jezus and judas! lol
I agree with what Dudest is saying
I was surprised to see that Johnathon was banned and then people who had been following the thread started slagging him off.
Iāve read this thread and been following for a while and the advise has always been good and no real pushing of the Forex school
Iād like to know why he has been banned and if it is perminent
Also had my eyes on AUDJPY H4 BUEB, but the overhead intra-day resistance areas concern me.
IMO, price would have to fight harder to push up. But it could well end up working out.
Iām very happy I see old faces here, I would really love if u donāt abandon this thread. Iām still learning this whole PA thing, altho I got the idea etc., itās just I lack of experience, which I can only get if I trade and would be very happy if there is someone else (who has been here for a long time) who could comment my setups and ideas.
About the levels u have marked, yes, u are right, there is some traffic.
Iām very sad about Johnathon, he was the one, who confirmed the ideas and trading method I always thought is the REAL DEAL! Was using all the crap indicators before (because majority does it), altho somehow I knew there will be no success doing it. So thanks to Johnathon again!
