Heya,
Ok thank you.
The comments are still the same for either. The pin and bueb are not from low. Both are small and not commanding and in middle of range and consolidation. They both also do not stick out and the pin does not have long nose sticking away from all other price.
How did you manage the stops with this one as you were playing both?
At the end of the day you made money and you can’t fault making money!
Safe trading,
Johnathon
HI all,
First of thank you very much Johnathan for this great thread of Price Action and your teaching with really curiosity…
I have been reading this thread for 2 weeks now and now on 130 page…
I really want to know about significant S/R Level…can you please tell me in detail how to exactly draw S&R Lines…and your main concern about only 2 lines S and R at above and below current price…thanks in Advance
Sorry for my bad English
THanks
Okay, I’ll be the first to throw it up: GU Bullish Pin Bar at Weekly Support
My Weekly Support Line is drawn actually just above the pin but this is one of this situations where we think of Support as a ‘zone’?
A 1:2 RR requires 135 pip SL with a 270 pip TP, which would still be just below the 20 EMA and below the .38 Fib from the top of the trend (if you believe in that sort of thing).
What do you think?
Not my sort of thing. 
I just don’t understand how someone could have a sl more then a currency pairs daily trading range.
I do the same that you and jump in
I think that will go down
Well exactly what you were looking and planning for has planned out with price dropping into the support and forming a Pin bar. Now is the questions are you taking this trade long?
The only thoughts I have is; why is everyone trying to hard to find or trade trades against the trend lately. It is as if people are looking for obvious trends and finding a way to go directly against them.
Nice support level here for longs but scratching my head of late. trading against the trend is so much harder and the chances ot eh trade going onto be a huge runner or massive trade are a lot less than when trading with trend.
1: Find an obvious trend. 2: Wait for rotation into value 3: find a PA confirmation and enter a trade.
Last candle on D1 discourages me. Price is not on support for me also. I would take a much bigger signal or a signal on W1 as I said earlier.
If the Pin bar was as big as last candle I would go for it.
Wouldn’t this be against the trend?
Hi johnathon) Thanks for the inputs.From my little expereince i have noticed that smaller time frames are full of noise and uncertainity and there are no solid price action signals and relevant S&R levels on smaller time frames.Below 4 hour charts are not good for PA swing trading i think so.I blew up my live account trading on 5 and 15 minute charts.The bigger the time frame is the more solid PA and S&R levels will be.I only watch 4 hour,daily and weekly charts.Does that means the more higher time frames i have the more setup oppurtunities i will have?For example if i also add 2 day and above time frame charts?
I think you may have missed the point I was trying to make. Not saying which time frames to trade, was just saying that you can change your MT4 charts to any time frame you like very easily.
Then this can open up more trade possibilities for those that like to trade higher TF’s. instead of only daily and 4hr, you could add a few more and trade 4,8,12 hr, daily and 2 daily all using MT4 which obviously gives more chances to find solid trades.
Yes now i got it)And i wanna ask one more question. So the average 3-6 or sometime 4-8 A+ setups per month you talked about here were normally acheived from the 4hour or daily charts or were also from the changed timeframes like 2 day etc ?
Hi birdcat) Isn,t that a bearish engulfing bar ? And where we can see your S&R levels?
I cant draw any good s/r or fibo. he took this trade in the middle of nowhere…
Would some kind soul please put the attachment on for Johnathons indicator that converts meta4 time frames into non standard times,thanks heaps in advance:8: and save me going through 700 odd pages to find it.
