Hi
What sticks out more, the 2 green bars or the little pin bar?
You want the signal bar to stick out.
Cheers
Hi
What sticks out more, the 2 green bars or the little pin bar?
You want the signal bar to stick out.
Cheers
it should bounce off res first
there is no signal according to rules of this thread
First of all Im trading this on a demo with the soul intention of learning from johnathon, Bhops,Dudest ,Spongy and the like who have a lot more knownledge than me so saying a pip is a pip sugests nothing,but you saying Im after free sigals was a bit upsetting and came over a being a bit snarky,as str8 kindly said earlier we maybe could learn more from live signals.Personaly Ive no intension of trading this live untill Ive learnt a lot more from Johnathons,and once more Iâll say a sincere thank you to him and the other guys for their time and effort
BEEB is a reversal sign so it should be at a swing high. This BEEB is a continuation sign IMO .
It wouldnât make a difference if it was blue or red the pin bar its self was invalid, Iâm sure if you look back at the begining of this thread you should be able to read up and see some examples of a valid pin bar. I tend to trade only the 4hr and daily timeframes myself but using FSO there was a valid reason to have dropped to the 1hr for the entry.
joffie
Itâs that was for me?! :?
The trade you have suggested is taking a entry in no mans land as such, by this I mean its in between the last 2 daily levels, with the last level formed from the weekend gap down. Thatâs not to say your trade could move lower from here to test the lower daily level again, but a better entry would have been from a test from the level above or break lower test from below of the daily level below price.
Thanks for replying
The resistance at 1.4144 Is a weak one because it appears at h4 ?? the PB shows at h4 . Sorry if u feel I am slow:)
Wonât it at least touch the next daily support or the next support on your chart? Or this sign is not worth it because it doesnât stick out ??
The resistance is more weak to me because it is not of the daily chart, and yes there is a pin bar but with the recent candle before it itâs looking more like a fight to me between the bulls and bears and combining those 2 candles together would give you a indecision candle (doji )
It may or may not reach the daily level, but if you was to look at the 1hr we have a few levels of support on the way down, where price has been rejected once already. For me this is not worth the risk taking a trade at this area
joffie
Hello, i am very much interested about PA. so is this setup ââXAUUSDââ valid for go short just checking ⌠Previous res plus RN
first change the color and add another one with some zoomâŚdifficult to readâŚ
there is a major drop look at the size of previous barsâŚi will pass this tradeâŚi will search for setup on any other pairâŚ
no not recommendedâŚas u see there is no any PA signal. the size of the bars are very small and 1600 is the BRN and resistance. price may touch and then may reject or break that level . then we may get any PA signal over thereâŚbut the area u r looking is not relevant to go short.
hi friendâŚthe pair is in strong up trend as we can understand that from ur chartâŚso its better to trade in the direction of the trendâŚthere is no need to trade counter trend tradesâŚand Agnese the trendâŚand let our seniours reply about this barâŚ
thank u and u r always welcome to ask any doubtsâŚwish u good luck.
Sorry about the late reply, but when working for yourself that has to come first, What I see is firstly on the Daily chart there was a large bearish engulfing from the top of the range area showing more bears came in. I do see the bullish engulfing you have taken of support, but I have a FRA at 1.3453 so be aware of this area.
joffie