oh sorry mate, u r correct ,its support …
Thanks Mate
Hi Johnathon,
I am still looking forward for your take in this matter
I know people here hate to talk about charts before the candle closes… but what if the 4 hour chart on AudNZD closes as 2bar reversal, there is RN 1,2400 as the resistence, Daily is in downtrend … I know the 4hour chart is in corrective uptrend, but it seems it really strugles with breaking through the resistence.
Yes looks like a beeb is about to be formed at close of candle 4hr ny after bouncing down off RN of 1.2400,In my humble opinion though its trading right down into a dodgy area so I wouldent wany to take it,wonder what the more knowledgable traders think?
This pair can be super difficult to trade at times because it is always so choppy, especially on the intraday charts. I am confused at to what candles you are referring to so can’t really comment on what you are looking at without a chart.
Just because you open them from the offline charts does not mean they are actually off line.
As long as you keep the indicator on the original chart the price will continue to update normally like all the other charts.
Please read the first lot of pages as you will find a lot of your questions have been answered and there is a lot of solid info to take in also.
Pairs with the same currency in them are going to have the tendency to move similar. If people are bearish on the JPY then most of the JPY pairs will move lower. If the EURO brings out some great news then the EURO pairs are going to find bulls etc
We do not enter 2x full risk trades with 2 pairs that have the same country or zone/area in them. For example don’t enter 2x JPY, AUD, USD, EUR etc etc
The other option is if you see a few setups at the same time with pairs that have the same regions is to split the risk., For example you may see 2x great trades that both have the AUD in them. Instead of entering 2x full risk trades, you could split the risk in half. This way you could enter both but the risk is only one trade.
The only other time I would enter a trade on another trade with the same current is when I am at BE on the first trades.
It all comes back to never risking too much to one area. We do not want to be risking something happening and losing chunks of our account.
Johnathon
Hi guys! Does anyone trade this? AUS200 Daily
Saw this pinbar at VBRN 5,000 from a pullback. What do you think?
Not a Pin bar.
Hi Johnathon this was the candle and chart michalkraus was looking at,hope this helps(not sure if this is going to come out as first time uploading charts so please forgive if crap.
I don’t see this as a good set-up, price has not retraced to a daily resistance for me and your selling into support just below, I prefer the pin bar on the euraud 4hr chart
joffie
Hi guys. I open EurAud position on 4h timeframe PinBar. What do you say about this. I think it’s good opportunity to cash some pips
P.S. I’m sorry for the bad quality of pictures and the black background but my eyes is hurting me with white background.
MATES would you consider it as a trading in the support 1,28
Good trade… valid pinbar.
Watchout about where to take profit… as support is nearby
I did, with my entry just below the support and it bit me. Now there is another one. I may just have to watch this one.
I know people in this trade NOT talking much about trendline. But I want to know from you, guys about this setup I found on NZDUSD, Daily chart.
Tq.
Hi forbiden) You were trading into support and i think it hit your stop loss later.Your set up lacks the proper S&R levels .Just a valid pin bar is not enough to pull the trigger.The pin bar didn,t form at swing high.