Forex Price Action

[Spongybob]

I used to struggle in that regard with MM, never quiet sure exactly where to get out, how much to get out, when to move to
BE ect.

After reading your course on MM, id be the only one to blame if I dont stick to those rules. I can honestly say its brilliant!

[roberthadiputra]

Hello Johnathon,

I still don’t quiet understand the difference between engulfing bars, inside bars, and 2 bars reversal.

i do understand with the engulfing bars, but not with inside bars n 2 bars reversal, coz they are like pretty much the same with engulfing bars.

Could you give me a little bit explanation with examples?

Don’t be to rush to answer my question, I know my questions sounds like silly and very basic, maybe i’m the only one who ask this in this thread hahha… an maybe it’s a little bit to late after so much pages in this thread…

Sorry and thanks before Johnathon

Robert.

[Forex_School_Online]

Hello Johnathon,

I still don’t quiet understand the difference between engulfing bars, inside bars, and 2 bars reversal.

i do understand with the engulfing bars, but not with inside bars n 2 bars reversal, coz they are like pretty much the same with engulfing bars.

Could you give me a little bit explanation with examples?

Don’t be to rush to answer my question, I know my questions sounds like silly and very basic, maybe i’m the only one who ask this in this thread hahha… an maybe it’s a little bit to late after so much pages in this thread…

Sorry and thanks before Johnathon

Robert.

Hello,

please go over and watch and read all the free videos and articles here: [B]Price Action videos[/B]. These have examples of live trades.

After that you can go through the first 5 - 10 pages of this thread that has trade examples as well.

If after you have gone away and looked at these things and still don’t understand please just let me know and I will help you out with some charts etc

Safe trading,

Johnathon

[Forex_School_Online]

@Forex_School_Online

Hello,

please go over and watch and read all the free videos and articles here: [B]Price Action videos[/B]. These have examples of live trades.

After that you can go through the first 5 - 10 pages of this thread that has trade examples as well.

If after you have gone away and looked at these things and still don’t understand please just let me know and I will help you out with some charts etc

Safe trading,

Johnathon

I figure I will make a small post to add some help. Please let me know if you still do not understand.

The Pin bar, Engulfing bar and two bar reversals are all reversal signals. They can both be played from against the trend or with the trend. They need to be played from swing point. Trading from pullback within the obvious trend is by far the way to go!

You understand the engulfing bar so I won’t post about this.

The Two Bar reversal:

Okay so this was a setup i discussed live in this thread. It was a 2 bar reversal at support on the USDCHF daily chart. Okay with the engulfing bar the bar must fully engulf the previous bar. With 2 bar’s this is not the case. The best 2 bars are the bars that close above or below the previous bar. In other words for this example the 2nd bar closes above the first. If it was a bearish 2 bar we would look for the second bar to close below the first bar. Make sense?

PIN BAR:

There is heaps of info on this on videos I gave link to above

INSIDE BAR:
until you have learnt how to play the above signals with and against the trend and from good levels give the inside bar a miss. This will eat you alive until you have worked out the above.

Regards,

Johnathon

[roberthadiputra]

@Forex_School_Online

I figure I will make a small post to add some help. Please let me know if you still do not understand.

The Pin bar, Engulfing bar and two bar reversals are all reversal signals. They can both be played from against the trend or with the trend. They need to be played from swing point. Trading from pullback within the obvious trend is by far the way to go!

You understand the engulfing bar so I won’t post about this.

The Two Bar reversal:

Okay so this was a setup i discussed live in this thread. It was a 2 bar reversal at support on the USDCHF daily chart. Okay with the engulfing bar the bar must fully engulf the previous bar. With 2 bar’s this is not the case. The best 2 bars are the bars that close above or below the previous bar. In other words for this example the 2nd bar closes above the first. If it was a bearish 2 bar we would look for the second bar to close below the first bar. Make sense?

PIN BAR:

There is heaps of info on this on videos I gave link to above

INSIDE BAR:
until you have learnt how to play the above signals with and against the trend and from good levels give the inside bar a miss. This will eat you alive until you have worked out the above.

Regards,

Johnathon

I get it now, Thank You so much Johnathon. U are such a great teacher… from now on I’ll learn Price Action and keep my chart clean. :). and I’m interest to register your Price Action course…

Robert.

[Forex_School_Online]

I get it now, Thank You so much Johnathon. U are such a great teacher… from now on I’ll learn Price Action and keep my chart clean. :). and I’m interest to register your Price Action course…

Robert.

Keep those charts clean and learn, learn, learn!!

Safe trading,

Johnathon

PS: If you have any other questions just ask.

[iTrade_FX]

I saw this pin bar and from expierence took the buy, but my only question is MACD has crossed and is heading down as well as CMF is showing alot of selling pressure / Weak Market. So will the power of the Pin Bar move forward? From my trading these in the Past to get a clean Pin bar on a weekly chart was a surefire move of a least 50%. I will keep you guys updated on this t rade, I am still in it and the weeks is young!

Thanks

[dudest]

USDCAD H4:

-> Big & obvious pinbar at a swing high.
-> Don’t like the traffic on the way down though…but the pinbar’s so nice and big!

[dnagolf]

@dudest

USDCAD H4:

-> Big & obvious pinbar at a swing high.
-> Don’t like the traffic on the way down though…but the pinbar’s so nice and big!

i agree with you, too traffic, down…

and what you think about this 4h audjpy pin bar,
50% fibonacci, and with the trend

[FTC]

Hi Dnagolf,

As per my newbie knowldge the above is not a pin bar. The pin bar rules are given below:

A Pin Bar must have:

• Open and close within previous bar
• Candle wick minimum 3 times the length of the candle body
• Long nose protruding from all other bars (must stick out from all other candles)

And on charts the pinbar doesnt close in the previous bar.

Again thats my newbie knowldge, I will wait for experts to answer…

Thanks
Hemant

[Forex_School_Online]

@iTrade_FX

I saw this pin bar and from expierence took the buy, but my only question is MACD has crossed and is heading down as well as CMF is showing alot of selling pressure / Weak Market. So will the power of the Pin Bar move forward? From my trading these in the Past to get a clean Pin bar on a weekly chart was a surefire move of a least 50%. I will keep you guys updated on this t rade, I am still in it and the weeks is young!

Thanks

Hello,

this setup was discussed at length in the previous pages. Please see page 60.

We don’t use MACD or anything else bar price as this thread is all about trading using price and no indicators.

Good luck,

Johnathon

[Forex_School_Online]

Okay so thought I would post 2 pin bars. one has already been posted but I will post again.

USDCAD 4HR chart:

Lovely big and obvious pin at resistance. We would look for price to drop to the bottom of recent traffic which has done now. From here anything could happen.

EURNZD 4HR CHART

If this pin breaks lower trouble comes in at the recent bar highs. The chances of price going to this level should the pin break would look high. From there price going either way would not suprise so traders who take this keep that level in mind!

Regards,

Johnathon

[evanp90]

@Forex_School_Online

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

Thanks Jonathon
Now everything start to make sense
With this style i can learn how to trade without looking all the time to my comp lol…
hope i can learn more and start trading like a pro
Thanks again broo

[dudest]

@Forex_School_Online

Okay so thought I would post 2 pin bars. one has already been posted but I will post again.

USDCAD 4HR chart:

Lovely big and obvious pin at resistance. We would look for price to drop to the bottom of recent traffic which has done now. From here anything could happen.

EURNZD 4HR CHART

If this pin breaks lower trouble comes in at the recent bar highs. The chances of price going to this level should the pin break would look high. From there price going either way would not suprise so traders who take this keep that level in mind!

Regards,

Johnathon

Thanks for the analysis/heads-up Johnathon!

For the USDCAD 4Hour, below is how I managed the trade:

[Forex_School_Online]

@dudest

Thanks for the analysis/heads-up Johnathon!

For the USDCAD 4Hour, below is how I managed the trade:

Well managed. I didn’t enter because of the traffic on ths one but it reached the lows as would be expected.

Nice job!

[noelsforex]

I would just like to say thanks to Johnathon and all the other members who have kept this thread going, you guy’s have helped me turn my trading around :35:

[Forex_School_Online]

@Forex_School_Online

To enter and trade all these weekly trades that have been pointed out is not wrong!

In saying that I will not be having any of them as they are all small and running into traffic.

Here is just two example from previous charts uploaded:

AUDCAD
See traffic it is running into:

EURUSD
Notice how tiny this so called pin is compared to all the other bars? Not real decisive, and running close to resistance.



NZDUSD
Pin Does not stick out how it should. The nose should be large and stick out from everything around it!

As I said to trade these is not wrong. They very may all work out and I am definitely not saying they will go the oposite ways and I am also not saying do not trade these because of me. What I am saying is none of them are A+. They all have faults and I will only enter trades they are solid trades that are just very obvious. These are not. They are C+ or B trades. That may not stop them from working out and being big winners but as I alway say over time they will stop the trader from being a winner as there is only so long you can get away with trading average setups.

I know I go on and on about this but it is what separates the good trader from the bad! If we could get away with trading average trades all price action traders would be rich! And that is definitely not the case.

Safe trading,

Johnathon

Everyone who has followed this thread for a while knows that I bang on and on about only trading A+ price action. They will also know this is what determines the good from the bad.

I want to highlight this trade that a few were considering taking and also that not all Pin Bar are created equal and just because we have a pin does not mean we have trade.

So first of all the level is the most important thing. Think of it this way: We are reading price as a story and to only look at the last bar and the try and predict direction is not using all the available information. That’s why we take into account the trend or range and then the level price is at. We must also take into account what price is trading into.

So the weekly AUDCAD was not at a nice support level and it was trading straight into resistance. We need to trade away from. When I posted the first post about this setup price was going higher but liek magic it hit this level and turned around. Know one should be surprised to see this happen.

AUDCAD WEEKLY CHART

Traders are always asking me so what is an A+ trade??? I have posted in the last 3 weeks 4 trades in here that were all A: At key levels and B: With the trend in there favour. These 4 trades were also on the daily chart. There have also been some other posts in here from either Bryce, Spongy or Dudest that have been A+ trades. 2 that come to mind are the two four hour setups on the EURUSD and NZDUSD. Once again both these 4hr setups were A: With the trend and B: at great levels.

To give traders an idea and to recap these trades I will repost two of these trades to show why they were A+.

AUDCHF Daily Chart

AUDNZD Daily chart:

Johnathon

[Forex_School_Online]

I would just like to say thanks to Johnathon and all the other members who have kept this thread going, you guy’s have helped me turn my trading around :35:

You are more than welcome. This may sound corny but the thrill I get out of helping people and turning there trading around is one of the best feelings in the world. I am very privileged I can A: do my own trading and B: help people everyday in either here, other forums or my own site.

Safe trading to you,

Johnathon

[dudest]

Hi friends,

CADCHF H4:
-> Bullish engulfing bar (BUEB) has formed at key support.
-> To buy at the break of the BUEB (buy stop entry)

Cheers

[Forex_School_Online]

@dudest

Hi friends,

CADCHF H4:
-> Bullish engulfing bar (BUEB) has formed at key support.
-> To buy at the break of the BUEB (buy stop entry)

Cheers

The USDCHF has also produced a BUEB only much bigger and more commanding.