morning all,
i’m new here,
i’m reading form the first post, it’ll take some time,
i’m not english…
i’d like to thank you for this thread,
i love price action, but very few people trade PA…
i will follow you,
i’ve a question, where could i find some description f what you call A+ setup?
see you soon!
hello jonathan,
i really likes your thread, you opened my eyes how trading should work.i want to learn more about PA. my question is how you make R&S major lines? bcoz there are so many R&S lines n am little confused how it should work as major lines. are u using fibo retracement?
Heya dnagolf,
go and watch the free videos and articles which show live trades here: [B]Price Action Videos[/B]
The come back here and read through the first lot of pages in this thread. You will see plenty of trades and examples. The only A+ trade in the last few days has been on the USDCHF daily chart. A nice Bearish Engulfing Bar at resistance. See chart:
USDCHF DAILY:
Johnathon
Hello and welcome Evanp90,
okay so like everything: Try and keep it simple. I know you will see people with 1,000 lines on their chart but the idea of price action is to keep the chart clean so we can see and read price!
You only ever need two lines on your chart at any one time. They are one above price at the closest resistance and the on below at closest support. Think of it this way: Why have 10 different lines on your chart? They have to break either the closest support or resistance first. As price does break levels you can re analyse and remark your charts.
Please let me know if this doesn’t make sense…
Okay so here is the chart from above on USDCHF. You will see two lines. One for resistance and one for support. Price is now sitting on support and a bounce higher would not suprise. If price does go higher then the resistance marked will come into play. If this support breaks I will look again and mark the next support level. See chart:
Safe trading,
Johnathon
Hi guys,
GBP/CHF H4:
What do you think of this?
PS: my TPs (take profits) at the next support levels: around 1.44440 & 1.43970
I’d like to see a bigger signal and played from a swing high.
Dudest!!! And I thought you were really coming along… Yes it may work out but…
Okay so indtead of me always pointing out why trades people are putting up are not A+ I want to ask you to please look at this setup and give me the 2 main reasons this is not a good trade??? This will help you I think…
Well done. As I said I don’t watch this pair as too exotic for myself. Can you tell me how you are playing as I can’t see the levels etc? And what sought of RR are you aiming for?
Good luck!!
Johnathon
( i feel that’s still a compliment…even though i know what’s coming next… 
Yes it may work out but…
Okay so instead of me always pointing out why trades people are putting up are not A+ I want to ask you to please look at this setup and give me the 2 main reasons this is not a good trade??? This will help you I think…
On further thinking, not A+ because:
-
Pullback has not yet happened after support was broken (had it formed on a swing high following a pullback as Bryce said, that would have been better.
-
Can’t think of a #2 honestly
Hahah okay so you know I only want to help right?
And as always just because this is not A+ does not mean it will not work out! I am not saying it will not work, i am saying over time they lose more than they win.
Okay for me:
- Way to small compared to previous candles. Very small and indecisive,
- Not formed at a swing high but rather a low. Trading from a low will mean you are trading into support and we must trade away from these levels.
Make sense?
I will copy paste what I wrote in another forum as I have no time to elaborate regarding R:R.
The risk reward is not an issue if you identify correctly the FCL. Simply because 90% of the time a valid SPA price action setup will give you the chance, at least to break even, at the relevant FCL. Anyway, the only thing you can control is your capital exposure(risk) therefore, do this right and let the market to manage your profit(reward).
I will add more to the subject when my time allows me…
Yes, bless you man!
And as always just because this is not A+ does not mean it will not work out! I am not saying it will not work, i am saying over time they lose more than they win.
True, you have proved this in the past. And thanks for reminding us again ( lesson: average setups lose more than they win over time
Okay for me:
- Way to small compared to previous candles. Very small and indecisive,
- Not formed at a swing high but rather a low. Trading from a low will mean you are trading into support and we must trade away from these levels.
Make sense?
@Way to small compared to previous candles: you’ve told me that before (!), wonder why i keep forgetting it => big & obvious it should be, right?
@Not formed at a swing high: makes sense. I think i’m understanding better why we look for pullbacks => because they create swing highs (in this context)
Thanks bro.
Hey that’s kool I was just asking out of interest, thats all.
Do you have your own thread for people to follow your type of trading? and how you go about things?
Regards,
Johnathon
morning all,
could we consider this as a good setup?
eurusd 4H
is this a good support?
no, it wasn’t…
The setup referred to was the tiny pin before the big down bar. Very small not at a swing low and not at the recent support.
Would have been much better if it formed at a low and not a high, if it stuck out and was obvious and was at support.
See my chart for support level:
Johnathon
Oh, Johno the pin prior to the huge BEEB DID NOT interest me.
Guess I must be learning. lol
Yes the BEEB was rather large and obvious! Nice post and yes your are getting there. Next after you have learned exactly what makes A+ comes the hard bit and managing trades to maximise profit whilst protecting capital.
Johnathon