Hei!
Seems pretty legit to me. Waiting for a valid PA signal.
GBP/CHF D1
Richard
I certainly like price action I often feel that I am losing steamā¦ I scan the charts several times a dayā¦ you may stay days before you find a signalā¦it might happen just once or twice a monthā¦ and may be those couple of times you have waited for, will be losses or breakeven. I donāt know if I am the only one alone who is feeling this!!!
If you have become profitable with what you are trading now you could do one of two things, 1: Trade smaller time frames or 2: Trade other methods such as breakouts and other PA signals. Not going to discuss this in here as over most people but keep these in mindā¦
If you are not profitable however you will simply get flogged if you proceed to the two things above. However you could always demo/practise the two strategies above until you are comfortable with themā¦
Keep in mind what you feeling every trader has felt at one point at another. newer traders to to feel it a lot more. It is what creates over trading and losing but if you can perfect the two strats above maybe it would suit you more???
We are all different.
Johnathon
Hi Johnathon
Thank you so much for your kind reply. I really needed this advice. I truely like the PA method we are discussing here. I will try the smaller TF & see the outcome, Thanks once again.
Wafik
Hello everyone; Iām fairly new to this site and been reading a bit of this threadā¦well done to all those involved.
Iāve been looking at a few charts this morning and wonder what others opinions were ā¦
Possible setups;
usd / chf - Long @ 9741
chf / jpy - short @ 8028
eur / jpy - short @ 9669
nzd / jpy - short @ 63.59
Would this be low risk entries or am I missing something really important? I will try to post charts once I figure out how to make clearer. cheers Joe
Hi joe and welcome, please post your charts so we can see what you are seeing and we can try to help, not sure what time frames you refer to even. I have had a double check of my charts and see no setups on any pair you mention (or any other pairs for that matter!). And I would really not be looking to long usd chf right now personally!
Make sure your charts are ny close as thatās the standard here.
Regards Steve
Hi everyone, Johnathon,
I am yet another one that has been lurking in the shadows of this thread for some time now and it has become a regular stop for me. I am beginning to think I understand PA and thought its about time to get more involved.
Here is a potential trade (IMHO), since the majority of the charts are dead. I know its not an A+ but maybe I could get some feedback on my support and resitance lines.
Short CAD/CHF 4h
Hello and welcome,
notice how you are doing what most retailers do and selling from a low? This is something I talk about most weeks in here as it seams this is the first thing people tend to forget for some reason.
Pin Barās are reversal signals not continuations. To go short you need to pick price to reverse with a Pin. This means price must go up and then form a Pin Bar. You will the be picking price to reverse to go lower. Here you are selling from a low. The first chart I have attached shows how you should trade in a down trend and also hwo you should trade from a high to go short instead of a low.
The trend in this pair is up and I am not one to fight the trend in most cases and it is the same here. I will be looking to go long. I will be looking for price to fall lower into the area I have marked on the second chart and then for bullish PA to go long.
Pin From High with Trend
CADCHF 4HR CHART
Safe trading,
Johnathon
Hi Johnathon,
See chart for the counter trend setup with pin bar. The setup never trigger for the next two days and they are all within the H/L range of the pin bar. My question is usually how many bars do you consider before the setup is invalid.
Regards,
Toyogo
Thanks Steve, after looking into these charts further Iāve convinced myself its not a good setup. No strong PA or signals apparent.
One thing to keep in mind, August can be a poor month for trading with a big chunk of northern hemisphere (Europe and US) on holidays which can result in a low volatility and lack of setups. Best thing to do might be to do nothing!
Yep, same setup I posted 1 day ago and still waiting for it, hope it gives a very good PA signal! 
Richard
Thank you for the very detailed explaination Johnathon!
I will wait on this and see what happensā¦
Keep in mind I was not giving specific advice on this trade. I was simply giving advice for future trades and what you need to do. Or more importantly what to stay away from.
Because I answer and explain this questions every week I have now written an article that I will be able to refer people to in the future. I will put this article up on Sunday.
Johnathon
I see your point, but from 3 June, price has been heading up. Iāll personally be looking for price to head north of this level, then re-test with bullish price action to enter. I know we dont really look at fundamentals, but the CAD looks a stronger bet in the long term.
Happy for critique here!
Andy
Hei there!
Thanks for your opinion Andy.
For me itās kinda ranging and the overall trend is bearish if u zoom out a bit more, so letās see, what happens! 
Richard
Hi hbres,
What I had found to be one of the most confusing things to understand, on the beginning, (and hopefully it will make things clearer to some other starters) was a thought āitās easy for them to say now: you should have taken this bearish pinbar from the swing highā when they have all the future price action (after the PB) in front of them, itās easy to identify swing high. Like on Jonathonās 1st chart.
I knew it as well and it was dead simple when analysing past price behaviour from few months earlier (backtesting on any pair) it was pretty obvious when seeing all that action which has happened after any PB had occurred that it was that swing point or retracement I should be acting at.
But it looks different (from a newbie point of view) if there is nothing after the PB:
Ho do they know where price will go?
The point is - they donāt. What they do is they try to identify price levels where the price hit some resistance / support in the past (image below) and they wait for the same thing to happen now - to give you a signal of struggle at this particular level AND if it happens that the price shows you a PA signal (PB, EB, 2BR) at this level, the odds of correctly estimating price behaviour greatly increases; and they are simply using this to their advantage.
The moment it clicked for me was when I started drawing S/R lines on my daily charts from month/two months ago (backtest) AND scrolling the chart by one day (one candle) to see how price behaves around my S/R zones giving me from time to time a PA signal to enter the market.
I was simply assuming that the level the price had struggled once, will act in the same way now and might become a swing point (to buy from low or sell from high) with hopefully a PA signal that I understand and know how to act on. I hope I donāt have to stress how important is having those levels pre-marked and waiting for price to get to them, not the other way round, or playing with the trend (at least for newbies like me).
Iām still new to PA trading, learning all the time, currently on BE after trading for last 4 weeks on demoā¦
Now, it might not be your issue, but the situation reminded me my own beginnings and I thought somebody else could find it helpful. Donāt treat it personal.
Hi Toyo, this could help: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-105.html#post343285
Fil.
2 Likes
In a way, I agree, zooming out on the weekly we have hit a HUGE support level from back in Oct 2010. I have talked myself out of so many trades by zooming out itās not funny any more (but has stopped me losing money, albeit demo atm). Iām left nursing a 1/4 of a USD/CAD short trade from a few weeks ago that will stop me out at a profit for that remaining 1/4, or continue to run. (Iām not yet a member of FSO, so donāt know the recommendations are.)
However, and it is a big however, Iām inclined to believe that we need to be trading a āshorterā trend, I say in quotes because I donāt really know. If our projection to stay in a trade is say 10 periods (for me days) then why would we look for more than 20 periods previous?
Richard, I really am just learning this (my true learning after 2 years of chasing wacky indicators) so bear with me please.
Cheers
Andy
