Write lets move on…
How are the traders who entered the EURNZD 4hr managing their trades?
Hello chiefzig) Just wanna say sorry actually i had no idea that ‘japs’ is a racist term.Really sorry if i offended you mate.Well let,s forget it and lets back to the price action topic)
Hi johnathon) Did you take this trade? I think it,s not an A+ trade because of the foloowing reasons.
1)It has a lot of traffic on the left side.
2)Its not on KHL.And we can,t see any round no acting around it.
No I did not. Not my type of trade as did trading into a bit too much support and trouble areas.
I took this trade but now that is seems it doesn’t work too well I’m thinking maybe I shouldn’t have taken.
On my broker the close of the BUEB was above the open of the first bar. The candles are also big and it’s in the direction of trend.
I’m thinking maybe it wasn’t at relevant support, or maybe I traded into relevant resistance.
If I take a trade I should wait until my stop loss will be reached, or I can close my trade at break even or with a small loss?
Hi Everyone.
Ive been reading through this thread for a while now and implementing some PA signals on demo. I thought I would just post a quick message to introduce myself and to say thanks to Johnathon and all the contributors. Keep up all the good info!
Many thanks!
sir, do you think the EURNZD go further down i placed a sell.
Hi str8)
1)You are trading against the overall uptrend.
2)BUEB didn,t form at swing low and secondly it closed at 144.94 and bulls are not accepting the round no of 145.00.
Well can,t say it won,t go up everything can happen.All the best
I took the trade, SL at the top of the PB and take profit at 1.5657
Hi guys,
I know that the candle hasn’t closed yet , but in case it closed at 1/3 of the bar and formed BEEB .
Is this an A*setup?
Bounced of resistance.
Long body.
With trend and in swing high.
But it would face traffic , so would this be good setup?
Hi everyone) As a new bie learning the price action i am giving inside bars a miss but would like to hear the thoughts of the expereinced ones already trading inside bar setups.What do you guys think of the below bearish inside bar setup on EURAUD weekly chart? It caught my attention because:-
1)Is it with the overall downtrend? YES
2)Is it formed on swing high? YES
3)Is it on the relevent S&R level? YES
4)Is it a valid PA signal? YES
The signal on that chart is for a long, so he wouldn’t be going against the uptrend.
It did form at a swing low.
Biggest problem is the 145
It was a bullish not a bearish engulfing so I am trading with the overall uptrend not against it.
I think it formed at a swing low because of the retracement from Tuesay, Wednesday and Thursday.
On my broker it closed at 145.05
I placed a buy stop order at 145.70 so it was above round no of 145.00. These round numbers are everywhere. I think VBRN like 150.00, 160.00 are more important. But it seems to me I was trading into an area of resistance.
it’S an overall uptrend and it could be a continuation signal except in my opinion the doji bar right after tells me that you should forget about trading it one way or the other. this is just my opinion others may have quite a different view on it. yeah btw just one thing more…your support/res level goes right through that candle, that means that it has no impact on the signal.
From the image it seems to me the current trend is up but it’s also a 50% retracement of a downtrend.
How big a retracement has to be to say that the trend has changed?
For instance if it’s only a 10 % retracement the trend hasn’t changed because the retracement is too small. How about 23, 38, 50 and 62% retracement? I think this question is important for beginners because they should trade only in the direction of trend until they will have more experience.
I dunno, I just opened a monthly chart and observed higher lows and hh,s. good eniff for my simple arse. XD
Sorry mate yes i agree you are with the uptrend.That,s happen when you saw things with tired head)
Aud/Usd 4hr pin bar alert?
Resistance on the daily
Any thoughts?
RMc
I have it confirmed 1.0370 as 61.8on fibo too. But this h4 candle closes in hour and a half from now?
I ended up taking aud/usd trade on the daily engulfing bar. Not too thrilled with my decision at the moment.