Thanks for replying :))
Yes , u r right . It is a strong trend. Better to wait and watch. Thanks
personally i think it is a good idea and a lot of people already post their trade ideas. As long as the set-ups are based on Johnathon’s principles i don’t see a problem. If i see something i think is good i would post it, as it is always good to get feedback to stop you making a bad trade. I think its best to also post a pic of the setup as the candles can look very different on different platforms. JF should have the ultimate say though as it is his thread.
EU formed a BEEB on daily TF for yesterdays daily candle.(not at swing high though)
Then today on the 4hr TF EU formed BUEB at support/swing low.
Is it better to wait to trade or to go long on this pair after BUEB on 4hr chart.
which will be against the bigger down trend on daily chart.
Thanks
If you post after the trade is finished and not before, there’s a bias to say the trade was a good idea because of the win. I posted a week ago a signal that I lost (which I still think it was good because it was a big BUEB, at swing low, from support, with the trend) and everyone told me I shouldn’t take the signal. Of course there was a bias to say that the setup was wrong because of the fact that I lost. Maybe the signal was indeed a poor one but I have more confidence in someone’s opinion if they tell me before the setup has been validated or invalidated (an exception would be if the opinion is of someone I know is an experienced trader). They are less result-oriented.
Hallo peeps,
I think it’s a good idea to post live setups as we see them.
It’s not about whether it works out or not (no-one can know that) but learning to spot high probability
Of course, this is not a signal service, and the choice of whether or not to take a trade is up to each of us
I know for sure that posting up potential trade ideas is one of the surest ways to solidify the knowledge.
So, anyone seen an interesting setup lately?
Some charts I’m stalking…
For the JPYs: nice big BEEBs but not “in there” (USDJPY kinda…). Watching them from the sidelines to see what they’ll do…
:60:
I think str8 and dudest are spot on with this and allthough I’m crap at spotting good set ups yet if I do see them Im happy to put em up here.Good on you guys.Though saying this ,this is Johnathons forum and if he says he dosent want people to post live trades I for one would respect that.
Hello dudest) No mate no setup so far.AUDNZD also caught my attention.In the past two weeks i just played one winning set up.It is a bit frustating to spend days without any trade but i think thats also a progress as it will build out patience and discipline.
( @Johnathon: please correct me if I misrepresent your stand )
Mr J Sensei has no beef with posting of live trades. He doesn’t post live trades all the time coz of not being unfair to his members. But that doesn’t stop anyone else from posting live trades.
Mr J will also not discuss trade management (again, for sake of members) but that does not stop anyone else who’s not a member of FSO from discussing how they plan to manage their trades.
Hope that helps
Post #3 seems to support that one of the goals of the thread was to post set ups.
Firstly…this thread is amazing. Thank you Mr. Fox for starting it. I have learnt a lot.
I am confused about my charts. I am in Australia (Sydney). My daily charts have just ticked over, 9am sydney time. But I am sure NY closed an hour ago? I am using FXCM.
EDIT - Thought NY closed at 4pm, not 5pm. I think my charts are aligned.
This is correct. The whole idea of this thread is to post trades and discuss PA. The last 700+ pages are all about live setups forming and playing out.
Keep it going.
Hi Mario and Sonic, (It’s good to see a fan of the classic platformers, I never got into the FPS craze)
This time of year 9am Sydney time corresponds with 5pm New York time. That’s because New York time is currently 5 hours behind Greenwich Mean Time (GMT minus 5). Sydney is GMT plus 11. That means Sydney time is 16 hours ahead of New York.
Later in the year (March 10th), the US will go on Daylight Savings Time and the clocks and New York time will shift from GMT minus 5 to GMT minus 4. Shortly after that in April, Australia will go off Daylight Savings Time, so Sydney will shift from GMT plus 11 to GMT plus 10. As a result, Sydney will only be 14 hours ahead of New York. That means if after April, you will see the daily charts begin and end at 7am Sydney time :22:
Rather than keep track of these changes, the easiest thing is to google “New York time” or “Sydney time” and the first search result returned will be the current time in that city. You might also like to know that there is a way to change the time zone used for your charts by going to System > Options > General Trading and selecting your desired time zone as shown below.
Welcome to the forum!
Jason
I would not take this trade. See the big bearish candle before. Also it broke through support level. So i would either wait for a bearish signal here and go short on this pair as on Daily chart it formed a big BEEB and Daily chart signals are stronger for me as a H4 or lower.
Hi guys I have a question did anyone take yesterday’s pinbar on EURAUD on 4hour chart? If you didnt please why? Sorry mates I cant post a picture at the moment, thx.e
resistance is very near to that pin candle ,so no trade
thx but didnt you mean support?