…how about audusd long on 4H, didnt take that one? Johnathon would say its an A++ 
Not when was already short a USD pair and also in another Aussie pair.
Yep fil, regarding con: and also a prior lower high … can see a 1 2 3 top reversal pattern there on daily audjpy
pw
Hi Johnathon,
EURUSD daily and 4hrly have a conflicting setup. Daily has a swing low support with 2BR for counter trend setup whereas 4Hrly has a swing high supp->rest (no candle PA yet) for down trend setup. Should I select Daily or 4Hrly? Does high TF means more reliable signal?
Regards,
Toyogo
Hi Johnathon!
Had one question - u draw res/sup lines on D1 TF and then go H4 if u don’t see and PA signals on D1 or u draw res/sup lines on each TF differently?
Richard
Hi Johnathon,
I would like to determine how to draw a valid resistance line for either Pin bar or BEEB. Please comment which are valid resistance lines. My take is:
Pin Bar: R1, R2, R3 are valid; R4, R5 are invalid line.
BEEB: R1, R2, R3, R4 are valid; R5, R6, R7 are invalid line.
Regards,
Toyogo
Toyogo you got to remember these are zones, not 1px wide lines, so sometimes it can cover few of your lines in my opinion…
Fil.
I’m using trading station 2 on fxcm. It allows me watching markets at work if I find a minute and has NY close, what’s odd, the same account via MT4 uses midnight ET as close…
I don’t like MT4 as it looks like it was a really old software with some really old user interface design, and not being able to place trades from charts is a vital con for me, I just hate entering stops and TPs manually or even being unable to place TP while placing an entry order and need to add it when your limit order gets hit, I can’t afford it as I don’t have time to amend it after setting up a trade.
How do you cope with all of it??
Edit: and scrolling with mouse wheel instead of zooming! Oh I hate it! Lol
Hi Fil,
I noted the zones rather than lines, that’s why I’ve few levels… However, it must have certain criterion to say that resistance line is valid or not. It is just like how Johnathon define pin bar here: Pin Bar.
Regards,
Toyogo
Hei!
Now I’m confused… First time I hear it… Why can’t u set your T/P and S/L before u enter the trade? Just place the sell/buy stop or sell/buy limit orders and at the same time u can set your profit and loss targets. And it is possible to place the order from chart, just press the “new order” button and it’s done.
Maybe I didn’t understand u well, but MT4 for me is very simple software and easy to manage the trade if needed.
Richard
Btw wouldn’t it be trading straight into the BRN (@1.2600)? Is it safe doing like this in the long term?
Richard
you can also place the mouse where you want to enter and right click, in the trading heading it will give you a buy or sell option at the price where the mouse is located. if you select it will open the order window with that price already entered and you can then enter s/l and t/p
also when you press the middle button of the mouse aka the scroll wheel, the cross hair tool is selected. but if you then press and hold the left mouse button and drag the mouse it will draw a line and give you the coordinates in number of bars, pips, and exact price of the distance from the point you pressed and held the mouse button to wherever you drag the mouse to. an easy way to check distances in candlesticks, pips and price
There is some traffic just below it and the candle isnt’t that convincing compairing to the previous huge bullish momentum, altho overall trend is bearish. And I don’t understand u guys, why do u always enter before the bar is closed and then broken, so it would confirm the entry?
Richard
Hi Richard,
you were absolutely right about the previous huge bullish momentum, Thanks
what happened in the market. every currency against USD is in full pace.
European Central Bank President Mario Draghi signaled that officials are prepared to do whatever is needed to preserve the euro and act on surging bond yields that are tearing at the seams of the 17-nation currency bloc.
Hi Jui25,
The thread members are not interested in news but there is new in the market
"ECB President Mario Draghi said the ECB will do whatever is needed to preserve the single currency. "
Cheers
HA
Thanx friend for your necessary info.
Nothing specific (except for the news, but that doesn’t worry me at all), price just went its desired way!