Hi fedegmail, we don’t really use trend lines to trade from, strong horizontal levels are much better to use. If you place a horizontal level somewhere near the low of the beeb you can see you would be trading right into a support level. Also that ‘beeb’ looks more like indecision to me as it hasn’t closed bearish enough for my liking.
Who knows it may move lower but definitely not a setup I would consider.
Hope this helps
Steve
Eheh of course! I’ve been trading for more than 4 years and I always used indicators and simple patterns such as trend lines, channels, support and resistance etc.
I think I have found the right way to be in profit because this is my 13th positive month, but I want to improve and I want to expand my horizons, so after studying something about price action I’m here trying to combine indicators with price action.
This is my scale of importance:
Hope to help you all and hope to learn something from you 
Thank you Steve, I would have opened a short position looking at my usual analyzes, but I wanted to add a bearish engulfing pattern because it seemed relevant. Do you think trend lines and price action can’t go together?
I have tried this system (tech + PA), I know 2 weeks are very few, I can’t say it works or it doesn’t work… but at least it seems interesting 
Of course they can Fedge! If it works for you and you find it profitable after 13 months of trading, why not?!
But solely for the purpose of this thread we do not look at trendlines to respect initial OPs request. We try to analyse PA with S/R zones and 2-3 PA candlestick reversal patterns. Simple as that
PS. Good to have another profitable trader with us!
Welcome.
Fil.
I’m profitable in 13 months in a row with technical analysis, tech + PA is completely new for me (2 weeks of experience)
So, I will try to avoid indicators and trend lines
Thanks Fil
No problem, always happy to help where I can
Of course trend lines can go with price action, i only mentioned that it isn’t something that is practised in this thread or a part of how we trade here, just so new readers of this thread don’t get confused.
At the end of the day we all have the same goal here which is to consistently trade profitably, so don’t change your own plan or analysis because of something I have said, stick to whatever you are doing as you are definitely doing something right! Especially if you are profitable over 13 consecutive months!
Steve
Eheh thanks. I’m profitable with technical analysis, without price action. I’m trying to introduce price action in my strategy.
Now you can think “why a trader who wins, now want to introduce a new thing in his strategy?”, I just want to improve, if my strategy has a 60% chance of success, then it is good, but I will always try to get 61% and then 62% and so on
Definitely, always strive for better results! I would recommend sticking to a proven method on live (if you are live) and demoing new techniques, then incorporate new techniques when you are confident and profitable for a few months on demo, just my thoughts!
Steve
It is exactly what I want to do
Hei bhops!
You are reading my thoughts - I have excatly same levels on my charts, u have drawn there, and idea how I would enter the trades too! Glad I’m going the “right way”, altho there is no wrong or right in forex.
Cheers,
Richard
Hmmm, it looks like I should rethink my SR drawing as I have been treating 4h and 1d time frames separately so far as per the initial post with the chart…
Thanks folks!
Fil.
Hei!
Can anyone smart give me his opinion about the green support zone of this pair. Should the red support lane be lower or higher and why, or maybe it’s already correct?
AUD/CAD D1
Richard
Dunno about smart, but I can see a s/r level that started on 29 june (1.044ish) that the current pin respected and bounced off…the prior down trend way over on the left is irrelevant the way i see it atm
pw
also dunno about smart however i think your green zone above is the most relevant and recent support which Friday’s low came within 20pips of…you’d need to logically put stop below 1.0413 with not alot of area above having resistance @ 1.06…maybe wait for strong PA off of 1.0413 imo. Also question to all, does a pin need to be ‘green’ for a long?
Personally I have the zone a tad higher to take into account that short term resistance from around late June.
Also anyone thinking of taking this PB just be away of what is looming overhead and the BRN.
Hi bear,
No, it doesn’t need to be green to go long, although some people take it as an extra reassurance.
Fil.
Hei!
Thank u very much bhops and all other, who answered. Was a bit confused about that zone, cuz if we look in the past, then there are pretty much places, where u could draw the support lines, but now I’m totally clear, where it should be as this was one of my versions as well!
As for the PB, I’ll pass it, cuz I would like it to be a bit more obvious (it would have gone deeper into the support zone and then pulled back) and, as u mentioned, there is this BRN level 20 pips above.
Richard
Hello so I will try to answer the last few questions I have seen in the thread.
For me the 2 levels on the AUDCAD are below. My level for support is made up of where price found resistance in the past and then when price was above it held as support and price could not close below. This pin is trading into traffic.
AUDCAD DAILY CHART
The next question was about close for pin and as long as it is technically a correct pin i,e: the close it does not matter what way it closes.
And lastly about the different time frames. The very best thing for traders who are not yet profitable to do is to mark all their levels of the daily chart. So this means if they are trading from the 4hr chart they will be trading from levels marked on the daily. This will ensure they sray only trading from key important levels.
For more advanced traders they will be able to spot levels on any chart. What this means is whilst levels on the daily chart will be seen on the 4hr chart, the 4hr chart will have levels that you cannot see on the daily chart. It is these levels an advanced trader can make trades off but it is these levels which will hammer less experienced traders.
We always manage trades from the same time frame. For example if you enter on the 4hr chart you work out targets, stops and trade management of the 4hr chart. This is really really important. You do not go down to the 1hr chart to manage a 4hr chart. A lot of traders will do this thinking they are smart but all they will do is start seeing levels that they didn’t on the higher time frame. These “new” levels will worry them out or make them make stupid trade management decisions and the will over manage their positions.
Hope this helps and if there are other questions please let me know.
Safe trading all this week,
Johnathon
bhops , in bottom rhs corner of your pic shows usd/cad daily ??
Obviously that was a slight mistake. I am sure everyone knows what he was talking about.
