Johnaton, firstly I want to thank you for big help that give us.
That is my 3 mistakes.
First is AudUsd open on 13.02 with SL on 1.3650 (4h Pinbar)
Second is EurCad on 26.02
Third is EurAud on 27.03 (4h Pinbar) with SL 1.2885
Thanks again
Second is EurCad on 26.02
Third is EurAud on 27.03 (4h Pinbar) with SL 1.2885
Thanks again
I supose now looking at these again youāll say that the signals were not strong enough and that some were not at proper swing lows,and Id have to agree,I supose when you canāt find good ones we tent to take crappy ones,humen nature eh,thanks for your time Johnathon and look forward to what you think,sorry things are a bit small Iāll do bigger ones next time or Iāll enlarge these if too small.cheers
Johnaton, considering that you are a seasoned trader, do you mind to say what is your win rate on trades that you take? I mean only A+ setups.
He only takes A+ set ups. So believe whatever trades he did take are DEFINATELY A+
I understand. What I mean is the % of trades that works as he planned. Iām asking this because he said itās way above 50%.
Try this, just count pinlike bars that are with the overall trend. apply only rules that involve the candle, dont mind the subjective S/R levels. result shd be well over 60 percent. make sure r:r is 1 to 1
Hi Johnaton,I missed the trade,Iāve missed the trade, but if was Iāve just wondered - what is best opportunity between AudJpy and NzdJpy.
On daily chart we have PinBars and on 4H chart we have BUEBs.They are formed on psylevel 93.000 (AudJpy) and around 75.00 (NzdJpy).Soā¦
On what TF on that case is better to open a posotion - when daily close or 4H chart.I think the AudJpy is better because we have support there,when on NzdJpy the support is not that clear.
Here is charts:
AudJpy Daily
AudJpy 4H
NzdJpy Daily
NzdJpy 4H
Good weekend
Hi Johnathan , hi forbidn
I am not commenting just asking to learn.
Nzdjpy h4 and Audjpy h4 ā¦Was it setup A* ? BUEB was short compared to previous long bearish bars.
Am I right?
Thanks
Hi johnathan,
Was this trade A*?
Would the BNR make it not perfect?
How to manage such trade? Tp before BRN , but R:R would be unbalanced.
Thank you
AUDUSD: You said it two really small nothing candles.
EURCAD: not the worst trade and this went higher. Trading into a choppy market above and whilst I donāt go into trade management here, when trading choppy markets you have to manage tighter than if you were trading with an obvious trend in your favor. This went higher and gave you a chance to at least protect capital.
EURAUD: Not sure why you were in 2x euro trades. Any way looking at your chart you knew you should not have been in as your resistance area was higher. Notice this was not actually at the key level? Notice how much better the BEEB was that engulfed this pin? the BEEB was at the resistance and nice large and commanding.
Johnathon
Very thanks for the lessons.Now I see my mistakes and continue learn forward.In last position (EurAud) I can tell you that I open the position because, I wanna be āin the gameā - the most common mistake.
You canāt just pick at random candles and trade them. That is what this whole thread is about; Using a whole group of factors to find high probability trades. You are correct that if you just look for random candles in the middle of nowhere with no confluence you are going to be flogged repeatedly. You may need to go back through the first lot of pages again to start noticing the key confluences you need to find for your trades such as key levels, trend, price action, the signal (large obvious etc), not trading into any important levels, VBRNās etc.
I am not going to go through every candle you have posted but will go through the first charts for you.
1: BEEB. Not at low. in the middle of nowhere. Not rejecting any resistance and trading into support.
2: BUEB same as above. Not rejecting anything. Not commanding. Not at swing etc etc etc etc
3: Not a pin. Nose not big enough. Not at any S/R. Not showing anything at all.
4: same as above again.
None of these line up with anything else at all and none are commanding or telling us anything at all.
I have to be honest I am stunned by your post. It shows you have not put in the time to go through the teachings in here. You say you can get 50% win rate from taking these, but to be honest I donāt think I could get a 20% win rate from trading these so if you are getting 50% you must be managing super well which is a definite plus for you.
Price action is NOT just the last candle. It is taking into account everything on the chart.
Please take time to go through the teachings of this thread and start applying them to reading all the price action on the chart taking into account everything such as trend, levels etc etc until you do this you have zero chance of being profitable trading with the method we use in here as picking the last candle and trying to gain knowledge from it that will help you be profitable is near on impossible. The last candle is only one candle from a chart made up of a lot of price action information.
If you have questions or need anything just let me know.
I hope this helps and gets you on track.
Safe trading,
Johnathon
Johnathon, may be my next question is asked you alot of times but, are we use psy-levels for support/resistance or they just strenghten the previous support/resistance.I mean if we have 1.29000 psylevel and we have 1.2930 resistance (down-trend) and appears clear BEEB on 1.5000 level, must we open a position at 1.29000 or wait to price reach 1.2930?I hope you understand me Btw I can not wait to enroll in your course.
Good postsā¦Itās a shame the man canāt express himself to the fullest most of the time coz he has a for profit website to run. I would āenrollā too if I didnāt know all this already. Maybe someone will come along one day to Babypips and start an open discussion thread on NAKED price action - something along the line of Ict guys thread but with less confusion.
What else do you want to know? I thought I answered the previous post pretty well and detailed.
āWhat else do you want to know? I thought I answered the previous post pretty well and detailed.ā
You did m8. Waldman did ask earlier ;
,but I understand why it would be prudent for you to skip this question.
Oh okay sorry. Trading daily & 4hr I average 60% plus. I have losing streaks and lose trades just like everyone. I am not a magician, but after wins, losses and streaks of both 60%. This can at times be more or less but overall is fair number. What can also vary it is how I manage trades. For example a higher win rate can be achieved if trades are manages super tightly which will lessen the risk reward or risk reward can be higher but this will affect the win rate.
Hope this helps,
Johnathon
It does help alot. Your honesty is much appreciated m8.
Johnathon, can you answer me on post #7408. P.S. really sorry to worrying youā¦