Heads up: lots of pinbars/engulfing bars to go around, take your pick(s)!
Lol dudest >>> yepā¦
Am short AUDCHF on H4
Am of the understanding its called a 2br ā¦did i get it right this time ??? pmsl
cheers
pw
I must be missing your PA signal here. I see a strong bearish pin bar on the 1D though!
:QUOTE=Bigd41190;394490]I must be missing your PA signal here. I see a strong bearish pin bar on the 1D though![/QUOTE]
Looking at possible trend continuation on Monday. Any takers?:27::18:
Have a neat weekend all.
:27:
Looking at possible trend continuation on Monday. Any takers?:27::18:
Have a neat weekend all.
[/QUOTE]
:DHi All,
Iāve just started to read this thread and Iām not sure about this pin on daily AUDJPY, it has closed in previous bar, itās formed at a key resistance with recent bearish momentum but itās pretty small compared to the previous bullish bar. Whatās your opinion?
Zoomed
Hi.
Thatās a very beatiful chart. But the pin bar is not valid bro. It should close in the previous bar. The trend is still bullish for the daily chart. So i usually only trade with the trend.
Cheers,
Willy
So it should close in the previous candleās body, right? This one has closed between previous candleās high and close so I thought that is valid. Anyway, as the bigger problem I consider the pinās length and bullish close. I would like to see another pin from this level but much bigger (perfect would be with high about 82.20).
Hello all. I went through the official website and found out that Johnathon started fund managing. I was actually planning to take the course and also i see this fund managing thing as an added benefit, I would like to know what would be the minimum investment of the managed account and everything about it as i couldnāt find the detailās elsewhere.
Also, Iāve been stalking this thread past two weeks but i was bit distracted by postās of newbies like me, What i want to know is that, will i get the senior memberās or Johnās attention in the official website ?
Thank you.
Hi Carl
Iāve recently joined FSO and can tell you that you will get personal attention from Johnathon either on the members forum or by email and would definatley recommend it.
The trading fund is pretty new but I think the min is $500
Martin
@Bel, yes it id a valid Pin Bar as long as close within previous candle. This can be body/wick. The close of bearish pin must be within high of previous candle as this is. I canāt comment much else about this setup as not at chart but moment but Iāll have a look tomorrow night.
@Carl, we try to keep the thread just to price action setups and learning. If you have any questions please send me a PM or email via contact page and I will help you out.
I will be around tomorrow night in here and answer some questions people have when can see my charts.
Safe trading all,
Johnsthon
Hi belier In that situation where we are waiting for pa at a key level that ticks all the boxes for me but doesnāt give a nice pullback on the daily tf I usually drill down to the 4hr chart to see if we can get a chance to get in on the trade there. Depending on how you trade you can go lower but I donāt personally.
If you look at the 4h for this pair you can see that we have a nice pullback to our tradeable level and forms a 2br that sticks well away from price, a much better setup!
Hope this helps
Steve
Looking at possible trend continuation on Monday. Any takers?:27::18:
Have a neat weekend all.
[/QUOTE]
Touche Toucheā¦ Haha Iāll crawl back into my hole now :31:
He posts here often but I do suggest still supporting him and getting his course. I plan on doing so in the next month although Iāve followed the thread for about two months now
Yes Iāve looked at 4H and I would said it is BEEB instead of 2BR. Anyway I donāt like it much because thereās quite a lot supports and also 81.00 RN, as I have not entered on Friday Iām not going to enter today on markets open because of gap, over weekend situation, wide spread and Asia session.
Hi belier sorry my bad, I was commenting on the aud/chf by mistake, just noticed you are talking about the jpy cross! and your right in the 4h for the chart you are talking about there are many reasons why I wouldnāt trade that!
Regards
As far as a trading journal goes pertaining to price action trading does everyone still find this a necessity? Price action simplifies everything so much and the rules are so easy to follow, is there any benefit from maintaining a trading journal?
Yes, having a journal is always important you may use it as reference monthly/yearly to adjust and make better your strategy.
