What PA signal triggered you into the trade?
Fil.
Heya,
all I would say is look at the size of the pin you traded and the candle previous moving up before the pin. On the chart below look at green arrow compared to red ones.
USDCAD 4HR CHART
Johnathon
I am using a breakout strategy
Can you detail and explain your strategy so we can all follow ā¦ As I can not see any PA in your chart. Thanks.
Yeah it looks small compared to those with the red arrows. Got to be really strict next time! Thanks for clarifying.
Iāve got another set:
Is my level correct? And is that a bearish engulfing?
Would I be right to say this is a 2br? if i combine it with the candle before it it would really look like a huge pinbar.
And lastly, would you trade these two? Thanks.
We donāt use breakout strategies in here, so Iād suggest opening another thread to keep this one clean. I really want to focus on learning here a solid ONE method without any noise from other stuff and I bet there is more ppl like myself. Hope you understand guys 
Thanks. Fil.
I donāt watch gold on my charts but in this situation Iād suggest waiting for the price to pull back to the top of the range (as it just broke out of it), and wait for some PA to go long according to Jonathonās strategy. Although it might not pull back, it doesnāt happen all the timeā¦ Fil.
I managed to catch that breakout on my demo account. Mind you, I did not profit near as much as I would have liked just because I do not like how gold moves. I did however TP at around 1630. Jumped in at about 1620.
You could tell for the last 3 months that the resistance line at around 1616 was getting tested. Sellers definitely were getting exhausted so it was not a surprise that it shot up.
PS. This was a reply to Kimonz
Yep thatās a BEEB and yes also 2 bar. BEEB is in a lot of traffic and would be better a bit higher. The 2 Bar also has traffic above in the way of a proven resistance area but is clear bullish signal.
Good luck!
Sorry Phil, I started a new thread for a breakout strategy ā¦ 301 Moved Permanently
If you have any experience with breakout strategies please contribute ā¦ Happy trading.
Heya,
anyone catch the Pin on the GBPNZDā¦
GBPNZD 4HR CHART
Does anyone else see the BUEB on the GBP/CAD H4? It ended at 1.5736. I would post snapshot but Iām under my 5 minimum post level.
You can post charts, just not links right? Correct me if I am wrong.
Technically yes it is but it is trading from an area we donāt like to enter. This would be buying high and selling higher. We look to buy low and sell high or buy cheap and sell expensive. The best areas are the areas from value. I have recently written an article explaining this.
The upside is price has been moving higher and has now broken out of resistance. If the support holds price could move another leg higherā¦
Good luck and look forward to seeing your charts when you can!
Johnathon
Hi thanks for answering. Could you point out where the traffic is in both pairs? Thanks.
EDIT: Oops, Call Me Maybe here. Didnāt know it was my friendās (sicnarf) that was logged in on my computer.
I will do one on NJ as past mid night here and going bed. The other is AUDSGD and if you look at price before the setup you will see choppy everywhere.
NZDJPY 4HR Chart
I just realized the British had some fundamental news being released causing a quick surge in price. Made a quick 20 pips price stopped at a resistance level. Iām amazed by how price action set me up properly to capture the fundamental news with no knowledge of it coming
P.S. I have to post five times before I can include an imageshack code(link) so you guys can view my charts. Thanks alot for the response!
Cool thatās very clear, thanks for your help Jonathon.
Hey Johnathon!
Iām confusedā¦ Isnāt the daily trend bearish on this pair (GBP/NZD), so shouldnāt we look for bearish PA? How many daily/H4 candles are u using to determine the trend in this method thenā¦? I know we treat each time frame seperately, but yetā¦
Richard
I believe that the pair is actually ranging. There were 2 tests at resistance and 2 tests at support. It was this hammer with a very long tail that was the indicator that we were about ready to break out of consolidation and into the bullish pattern that was there on 8/9 and 8/10.