Forex Price Action

[michalkraus]

I was very late checking my charts today, and saw this when it had broken. Lovely BEEB at a lovely level. Nice spot :)!

dont you consider RN 1,28 to be a valid S/R in this case?

[in2fx33]

dont you consider RN 1,28 to be a valid S/R in this case?

You should always keep an eye out for them but they are mostly relevant when they line up with support/resistance

[forex4worth]

@dudest

I was very late checking my charts today, and saw this when it had broken. Lovely BEEB at a lovely level. Nice spot :)!

Hi dudest) I saw it and let it go because i think it didnt form at a good area.See the previous resistance area its higher.Do you think this is a A+ trade?

[michalkraus]

@in2fx33

You should always keep an eye out for them but they are mostly relevant when they line up with support/resistance

I know that, but this doesnt seem relevant to you??? Just wondering:-)

[buster48]

I liked this trade due to the large beeb,what does anyone think?sorry for the second chart I made a mistake.this is in answer asking what was my trigger,I think thats what you meant,not quite up with posting charts yet but getting there.

[in2fx33]

I know that, but this doesnt seem relevant to you??? Just wondering:-)
<img src=“301 Moved Permanently”/>

Sorry I misread. I believe they were looking at the signal on the 4hr charts. I personally look for the fta/fsa on the chart I’m trading. Your right in that the market has reacted around the 1.2800-1.2750 area. I would consider that area if I wanted to be in this trade

[michalkraus]

I would love to hear pros and cons on NZD/CAD:-D THX Buddies… I mean that PIN, it seems to me we hit first TP AREA and now we got stuck in bad area…

[gehadeg]

Dear gehadeg,
I think the price is in the consolidation area now…choppy. It is not formed at the swing high.
so I don’t think it is not a good setup.

EJ

I see it really in consolidation. you r right. Thanks EJ

[gehadeg]

I would love to hear pros and cons on NZD/CAD:-D THX Buddies… I mean that PIN, it seems to me we hit first TP AREA and now we got stuck in bad area…
<img src=“301 Moved Permanently”/>

BRN 0.8500 . I think it acts as support right now. IMO

[konan]

I dont trade 4 hour charts and so today I’m bored into posting this, hehe.
What do you think:

gbpnzd d1 and h4

[buster48]

If we really study our charts looking for large pinbars bullish/bearish engulfing candles,2 bar reversals,going back a while,we can see quite a few at the top of swing highs and lows ,we can also see a lot more on what would appear to be a swing high/low before the following bars have formed,that go compleatly the opposite way that signal bar is telling us,this looks like we’re going to get signals wrong over 50% of the time.This is how it appears to me anyway,how do others find this,Im following Johnathons rules,so what am I missing?If we look at a chart its easy in retrospect to see the ones that worked and compleatly dissmiss the ones from our minds that dident work.

[konan]

If we really study our charts looking for large pinbars bullish/bearish engulfing candles,2 bar reversals,going back a while,we can see quite a few at the top of swing highs and lows ,we can also see a lot more on what would appear to be a swing high/low before the following bars have formed,that go compleatly the opposite way that signal bar is telling us,this looks like we’re going to get signals wrong over 50% of the time.This is how it appears to me anyway,how do others find this,Im following Johnathons rules,so what am I missing?If we look at a chart its easy in retrospect to see the ones that worked and compleatly dissmiss the ones from our minds that dident work.

Hi m8. What time frame did you investigate?

[Forex_School_Online]

If we really study our charts looking for large pinbars bullish/bearish engulfing candles,2 bar reversals,going back a while,we can see quite a few at the top of swing highs and lows ,we can also see a lot more on what would appear to be a swing high/low before the following bars have formed,that go compleatly the opposite way that signal bar is telling us,this looks like we’re going to get signals wrong over 50% of the time.This is how it appears to me anyway,how do others find this,Im following Johnathons rules,so what am I missing?If we look at a chart its easy in retrospect to see the ones that worked and compleatly dissmiss the ones from our minds that dident work.

I would love to see some charts of what you are saying of the type of trades you are playing because if you are playing good signals with confluence your edge will be far above 50%. If you are getting less it is without a doubt the trades you are playing.

post some up and we can go through them if you like…

[buster48]

I would love to see some charts of what you are saying of the type of trades you are playing because if you are playing good signals with confluence your edge will be far above 50%. If you are getting less it is without a doubt the trades you are playing.

post some up and we can go through them if you like…

thanks for your help Johnathon I’ll throw up a couple and show you what I mean,I know Im doing something wrong but cant work out what,your words are reassuring cheers mate

[buster48]

Hi m8. What time frame did you investigate?

Hi Konan I looked at 4hr and daily ,it gets a bit frustrating when you keep getting it wrong.I feel im sort of almost there but not quite,cheers.

[Forex_School_Online]

thanks for your help Johnathon I’ll throw up a couple and show you what I mean,I know Im doing something wrong but cant work out what,your words are reassuring cheers mate

Righto post em up and when I get minute over weekend I will check em out.

[konan]

Hi Konan I looked at 4hr and daily ,it gets a bit frustrating when you keep getting it wrong.I feel im sort of almost there but not quite,cheers.

Give yourself some time to “sharpen the eye” ,to recognize what is happening with the price as you see it on the chart. ttyl

[pokkerface]

If we really study our charts looking for large pinbars bullish/bearish engulfing candles,2 bar reversals,going back a while,we can see quite a few at the top of swing highs and lows ,we can also see a lot more on what would appear to be a swing high/low before the following bars have formed,that go compleatly the opposite way that signal bar is telling us,this looks like we’re going to get signals wrong over 50% of the time.This is how it appears to me anyway,how do others find this,Im following Johnathons rules,so what am I missing?If we look at a chart its easy in retrospect to see the ones that worked and compleatly dissmiss the ones from our minds that dident work.

Hi buster48, I have checked the trades that dudest has played last year on the daily charts:

Hi peeps,

Have carried out an interesting exercise of counting PA setups that occurred on the Daily this year
[ idea credit: Mark of FSO forum ]

By my estimation, there were close to 60 PA setups (pinbars/EBs/2BRs) on the Daily (some correlated).

So that’s about 5 trades a month, which is great!

Taking into account pair correlation + missed trades + passes, comes down to roughly 3-4 trades a month, which is pretty kul.

My list is below.

Cheers

I removed those pairs that were correlated (I have taken into account only one signal not the other correlated) and it gave me 46 price action signals.

From these only 8,69% were losers, 52,17% were winners and the other were winners or break-evens (depending on trade management, for example if you take half profit when you move to BE or only move to BE).

[waldmann007]

Hey guys. We have a pinbar on EURCAD h4.

[eddiekidd]

Hello All, I wondered if anybody on this forum leaves trades trades open over the weekend? i am currently short on GBP/USD and am in two minds whether to close it soon or let it run to see what happens on monday. Any advice?