I would agree I have been trading the 4h and the 1D time frame and holding anywhere from 3 hours to a day. Ive only had success with price action by taking the first profit targets instead of the major resistance and support targets. I think I need more experience on executing very strong price action indicators.
I agree. my bias is on the long side on this pair. what i would do is wait for a bullish PA on some credible support wherever. but yeah, depending on the target if youāre shorting it it will work.
Hi Walker, Looking forward to a new week and learning a bit more from everyone. Can you explain the reason for the entry 1.52130. It seems to be way above the original PB break. Price of my entry would be 1.5178 ( 1 pip below PB LOW ) . I am a little confused - are we supposed to trade this break and use strong management of the trade to at least get it to break even as soon as possible ? It moved in our direction by about 12 pips before turning into original trend long. My question now becomes - Do we accept that PA has resumed original trend and wait patiently for a healthy retrace then watch for a strong PA to continue long ? Hope I am not confusing everyone :18:
good trades to everyone.
Iām still learning and see what you are saying now. The weekly is strongly up. Still trying to put all of this together. I learn quickly and actually like it when Iām wrong. That is a learning experience. This trade isnāt looking so good right now unless we end up with a London Judas swing and this is simply accumulation.
Hi Sky, I am now starting to see what Call Me is suggesting. This GA short is over for me and I will be watching for a retace then a strong PA signal to go long again. I hope Johnathon will give us his take on this one.
Iām going to ride it out as it is on demo. I think he is right, but I think there is a chance of getting a bit of a retracement here. Lesson learned is that Friday candles arenāt always great and look at your next HTF to get the bias.
The PA we are talking about for the GA is identified on this GU chart. Price is returning to test previous support so that will be the area to watch for a strong signal to get back into the original Long trend. Just my Opinion.
gbpaud trade has so far gone exactly how I predicted - price has come back to around half way up the pin bar I got filled at 1.5225 and am holding short. Could still break high as it hasnāt made the missing LL to form a completed downtrend, but trade is still valid at this point in timeā¦
I did note your analysis. It looked like a good idea based on past performance. I will remember this kind of entry.
[QUOTE=meadsie;389573]Hi Walker, Looking forward to a new week and learning a bit more from everyone. Can you explain the reason for the entry 1.52130. It seems to be way above the original PB break. Price of my entry would be 1.5178 ( 1 pip below PB LOW ) . I am a little confused - are we supposed to trade this break and use strong management of the trade to at least get it to break even as soon as possible ? It moved in our direction by about 12 pips before turning into original trend long. My question now becomes - Do we accept that PA has resumed original trend and wait patiently for a healthy retrace then watch for a strong PA to continue long ? Hope I am not confusing everyone :18:
Yer meadsie can explain>> reason been is by the time i got my lazy arze outa bed and did a few chores, then sat down here, thats where price was at the timeā¦ so i clicked sell at market ā¦ otherwise i woulda done the sell stop under the pin thinghyā¦
So guess i was lucky enuf to save a few $$$ on the stop lossā¦and itās really no big deal if i get stopped out , and congrats to belinda on her entry ā¦ well done 
Why is it over for u? Price hasnāt broken the high of previous candle yetā¦so everythingās still fine (at least this is how we trade here according to this method).
Richard
More figure of speech. I didnāt get out of it or anything. I just am not liking where it is standing. Iām still in the trade anyway.
geez ,gosh, this GBPAUD is certainly creating some controversy ā¦
cāmon boss , whats your thoughts before hindsight kicks inā¦
Only comment we got so far from you is not understanding belindaās entryā¦
kind regards
pw
This trade is still valid and profitable if you entered at my suggestion, however its certainly taking its time. I have a TP of 1.5000 set however I may run out of patience before then. Anyone else in this trade do remember that it was a bank holiday today in London so expect things to be a little slow on any GBP pair especially
I also saw this I placed some trades last night and they did not go according to plan. I think its best to wait for monday until trading and volatility is more consistent versus late friday or late sunday trades.
Hello,
I donāt normally talk about live setup in here ever but will make this a one off as people seam to be going a little crazy.
I think the GBPAUD is decent. I also have orders to enter this however am not yet entered.
When entering on Monday morning we need to let the dust settle and the first 1-2 hours of trading out of the way. Trading in these first couple of hours just produce crazy spreads.
I waited for all this to past and then set my orders to enter which are still sitting there. This now may sound a little bit of hind sight but I have said all this at the time elsewhere.
Everybody needs to calm down and stress less. As I always say we can never know which will be winners or loser and individual trades do not matter. We donāt know if this will win or if we will lose the next 5 trades in a row so stop stressing about it. As long as we have a proven edge over the market and we continue to follow our rules we will come out on top after many trades. Think of it like casino. They may lose a lot of hands in a row but they know that after many many hands dealt their winning edge will make them profitable over all!
Safe trading all,
Johnathon
Heya Mead,
you are right we do not take retraces as goes against the whole aim of the thread which is to create a consistently rising equity curve with low draw downs and no wile spikes. To do this we need a good win rate so we can make consistent profit. Taking the retrace will ensure you are in every trade that is a loser. By only taking a trade when it has confirmed itself or broken higher low of the signal we will ensure we are not entered into the setups that never confirm and go onto lose. Hope this clears up any confusion for you.
Johnathon
Thanks heaps for that boss, knew deep down you woulda been on to it as it meets your criteriaā¦
The dust sure was settled by the time i sat down here>>> wasnt till just after midday actually lolā¦
No stress at all here as I only do this with a lil bit of real money to keep me interestedā¦ that falls within my level of risk comfort zone ā¦
Seems you dont mind setting wide stops if ur not entered yetā¦
anyways am off to bed >> yawn>> and thanks once again for reply. cyaā¦
cheers
pw
Hi Jonothan,
Iām not sure if this something u teach in your advanced courses or something, but from what I can gather through my own logic is that you wait for the price to break below the pinbar or whatever the signal because this essentially just a fancy way to be sure that price has created the LL which signals the start of a new downtrendā¦ now you would not want to enter here though because now price should jump up and create a HH, thus requiring a massive stop and missing out on a huge chunk of profit. This would also freak out alot of amateurs who donāt really understand what is going on because they see price shoot back up towards the pin barā¦ but logically price will in most cases have to shoot back towards the pin bar to actualky make the HH of the new downtrend which is why i enter at roughly halfway down the pinbarā¦or actually even better you watch price form a Lower Double top as it flings back towards the pinbar then place your order right there ā¦ but please correct me if Iām wrong just my own logic and observationsā¦
Oh yeah and the stop must be placed one support level up from the LH - because what you think is the LH may not actually be that - price could come slightly higher than that to make a new high and bump out your stop too earlyā¦ I hope I am making senseā¦
Hey Johnathonā¦ GāDay Mate!
Iāve just read thru the 1st 10 pages here in your wonderful P.A. thread. Wow! lotās of GREAT priceless info! you are a good man Bro for sharing & mentoring here in a public forum. keep up the awesome job!
This is my 1st post here in your thread & would like to attach a few current charts I marked up and get your opinion on whether you think I am on the right track.
I have marked up some charts I think are some areas to keep an eye on for possible triggersā¦ of course if the correct confirmation comes with a proper PA candle.
Thanks in advance for any feed back! God knows I need it, Iāve been beaten up pretty bad down on indi alley. LOL
I think some of these charts are good and a few may be questionable.
Thanks again Johnathon!
G
E/G Daily possible short trade aproaching at resistence
E/J Daily possible short trade aproaching at resistence
U/J Daily Possible long setting up at support
A/U H4 Possible long setting up at support
G/J H4 Possible long setting up at support & @ a VBRN
