[QUOTE=“sachithgh;478336”]Bearish 2d pinbar GBPUSD
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>[/QUOTE]
Not a very large pin compared to the bullish the up move, I’m more inclined to wait for a retrace to look for buys
Hey dudest,
Thanks for your reply. I see now it does come out quite dark 
(When i get the time i’ll change the color scheme to red/green + white background for clearer pictures)
At least we have the same RN 98.00 marked 
I see you marked yours on the 4H chart and i got a question about daily vs 4H charts:
For now i’m only looking at the daily chart for signals.
Would you suggest i keep doing that or when i spot a solid set-up (price moving close to a solid S/R level) move down to the 4H chart to allow myself more candles to spot a PA signal.
In other words giving me more opportunities to learn.
I ask this because last week the daily TF didn’t give me any signals (at least that i could find).
Ofcourse this makes for a awesome lesson in learning to sit on my hands (which is needed in my case :)).
Ps. I know mr. J states to stick to 1 TF in the beginning but while reading the thread i sometimes see opposite comments pass by so hence my question.
Remitu
I also have 1 more question regarding MT4 and i hope i can ask it here since it does involve PA but is abit of a sidenote.
When i mark S/R levels on my charts (saturday/sunday) on the daily TF i expect to be looking at these levels for a few days before a PA signal might occur.
Now the annoying part is MT4 doesn’t remember my marked levels all the time.
I sometimes see them pop up on other charts and sometimes they are just gone 
This makes it harder for me to keep track of my marked levels unless i write them down on a piece of paper.
I was wondering if anyone else had this aswell and how you then keep track of your levels.
Remitu
If you start trying to manage trades based on the price action printed you will make many mistakes. It can be done, but only with traders that have a ton of experience and the mental strength of steel.
Managing trades as you go along or as price happens will guarantee in most cases you make the wrong decision. Examples of these will be taking profit too soon, letting losing trades run too long and basically jumping at shadows due to fears such as losing money or not banking profit when you have the chance.
Now we don’t discuss managing trades in here at all, but what I would suggest is whatever method you are using, you write it out before the trade and then follow it. This way when in a trade all you have to do is follow it and no matter what price does your decisions want be affected.
Lastly always remember price never moves straight up or down and you are going to have to let price “do it’s thing” or in other words let it move up to move down and vice versa. I am actually making a public article about this now, but basically if you are going to manage on the fly then these rotations are going to send you bonkas!
Safe trading,
Johnathon
A lot of the JPY pairs now have began what could be a rotation lower into their respective support areas. I am myself looking for longs and nothing else on the JPY pairs at this stage just because of the strong and obvious trends and looking for price to rotate lower first into these support areas.
The chart below is the USDJPY and where I am looking for price to move into for the support to come into play on either the 4hr/8rh/daily charts. For me there are two levels. The first marked is a long term level where in the past price has found resistance and the near term level.
The first longer term level is highlighted on the weekly chart below and the near term level is seen on the daily chart below.
WEEKLY CHART
USDJPY DAILY CHART
Johnathon
A lot of possible setups are moving into position and have started moving into key levels over the last week.
One market I am looking at is the Gold chart. We have seen an aggressive sell off lower of late and I am looking at charts 4hr and above for any rotations back higher as opportunities to look for short trades in-line with the strong move lower.
The chart below is the daily chart and shows a massive sell off lower on Friday. The level I have marked as resistance is a short term and also long term area that has been important in the past. If price can rotate back higher this could act as resistance for new sell orders. With this strong momentum lower we may not get a solid pull-back higher and so I will also keep an eye on the 4hr chart for short opportunities.
GOLD DAILY CHART
hi, babypippers, how r u doing? I have a question that I hope someone will take a look and reply:
Does anyone have or know of any indicator or tool that can blend any number of candlesticks that we choose together? Or does such a thing exist to begin with? The ‘period converter’ doesn’t really let you choose which candles to blend, hence I’m asking. Thx in advance.
hi all this is my first post in this thread and have to say its been an eye opener for me,
so to my chart its the eurjpy 4hr and im looking for a good PA signal (BUUB or PB) around the highest dark blue line with initial TP at the first light blue line, lock in 50% and move stop to BE with next TP at the highest light blue line. im just posting this tho see if i have the right idea, not asking for people to tell me wether or not to take the trade, many thanks and happy trading
sam
just adding another zoomed in chart of the same time frame and pair as the other doesnt seem to clear
That’s one of the problems with blending the candles with the period converter on mt4. I’ve seen discussions abt this in the members forum and unfortunately there isn’t a way to blend whatever candle we want. If you don’t get the blend you want when using the converter your going to have to look at the candles as a 2bar.
I know there’s a mt5 platform but I know nothing abt that one
I personally use MT5 platform for this, it may not be exactly what you are looking for but it has almost every time frame you could want.
When I get a chance I will check it out. I’m ok with how I’m doing now but if things could be easier why not give it a look. Thanks for the info 
[B]ASKING AGAIN BECAUSE DIDN,T GET ANY ANSWER YET[/B]
Hi johnathon)Wanna ask you a question about candle blending.A two bar reversal is simply a pin bar which formed over two sessions.Can we use those englufing bars as PA signals which also formed over two sessions by blending two candles together?And one more question do you trade only 4 hour and above timeframes?
Thanks
Happy Trading
Read more: 301 Moved Permanently
Hey Marketdeal,
I’ve read through this entire thread and his members forum and I haven’t seen anyone blending the candles to form engulfing bars. I’m sure if that was part of the 2bar concept it would have been typed in somewhere. So the answer would be no.
To answer your second question, as far as this method is concerned I’ve only seen him and his followers trade as low as the 1 hr charts. Haven’t seen anything lower than the 1 hr.
Hope this helps
I think he is asking is there something where you can choose any two or more candles to blend because in MT4 with the period converter you don’t get to choose which two it puts together.
MT5 is pretty solid and t be honest pretty much the same as MT4. For people out there wanting to know the time frames MT5 has they are: 1/2/3/4/6/8/12hrs, daily, weekly and monthly.
Thanks for telling them the time frames, I didn’t have time to look. And yes I agree it is actually very solid and it is very similar to mt4. I personally haven’t moved over to mt5 fully yet but I will probably in the near future. But thanks again!
No problem I’m glad I could help you out!
Thanks for the reply mate)Yea this method is well played on bigger timeframes.
One more - AudNzd
1)Nice PB on 4H timeframe
2)With the trend
3)On resistance level ana Psylevel (1.23000)
