Forex Price Action

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

Will this trade work out? Why so if yes and why not if not?


I agree with u , but I am a newbie so I also ask , is these Tp1 and Tp2 right ?
Thanks


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 I’ll 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 wouldn’t make a difference if it was blue or red the pin bar its self was invalid, I’m 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

It’s 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. That’s 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.


Any opinions Plz?



Thanks for replying :slight_smile:
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:)
Won’t it at least touch the next daily support or the next support on your chart? Or this sign is not worth it because it doesn’t 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 it’s 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 ‘‘XAUUSD’’ valid for go short just checking … Previous res plus RN


Joffie, what do you say about this range trade?


first change the color and add another one with some zoom…difficult to read…

there is a major drop look at the size of previous bars…i will pass this trade…i will search for setup on any other pair…

no not recommended…as 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 there…but the area u r looking is not relevant to go short.

hi friend…the pair is in strong up trend as we can understand that from ur chart…so its better to trade in the direction of the trend…there is no need to trade counter trend trades…and Agnese the trend…and let our seniours reply about this bar…

thank u and u r always welcome to ask any doubts…wish 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