Forex Price Action

[Spongybob]

I too would like to say sorry to especialist Warren Buffeet and George Soros who post here for Johno’s request for only wanting clean charts.

What is needed to learn trade Price Action?

Clean charts-

If you want to learn how to trade Price Action you need to take of all the rubbish on your charts. Strip all the indicators of your charts and just have the plain price left. The only thing that is needed to trade the Forex markets successfully is raw price action. The price has all the information that you will need to begin making price action trades. Indicators and other rubbish just confuse and hide what is really going on!

Think of it this way if all indicators are based of what price has done, why not get rid of them and learn to trade the price yourself!

Read more: 301 Moved Permanently

I want say: sorry, to all market especialist like Warren Buffet and George Soros who post here, for my last chart. This is how i trade. if you don’t like, just ignore them and pay attetion to the PA.

Thank you all for the great welcome messages.

[Dava005]

Hi everyone,

First of all Thank You to everyone and especially master of this thread Jonathan for such a valuable information.

If following candle closes 10 pips below current pin bar (if it is one?) would it be correct setup to go short?
Thanks for your comments!

[Fumante]

I too would like to say sorry to especialist Warren Buffeet and George Soros who post here for Johno’s request for only wanting clean charts.

What is needed to learn trade Price Action?

Clean charts-

If you want to learn how to trade Price Action you need to take of all the rubbish on your charts. Strip all the indicators of your charts and just have the plain price left. The only thing that is needed to trade the Forex markets successfully is raw price action. The price has all the information that you will need to begin making price action trades. Indicators and other rubbish just confuse and hide what is really going on!

Think of it this way if all indicators are based of what price has done, why not get rid of them and learn to trade the price yourself!

Read more: 301 Moved Permanently

I know about price action, don’t worry about this.
My point not is about PA, is about respect other peoples.

The market not will help you with this.

Sorry to all about my not cleaned chart. Just trying help other member to not enter in one high risk trade. This was my fault.

[dudest]

@ansunirmal

pin bar and inside bar

Dude, nowhere in this thread does Johno discuss inside bars as reversal PA

And the pin is not at swing high

Please holla back if this is not making sense…

[dudest]

@monjorra

Is this EURAUD H4 2BAR LONG setup ok ?

Hallo,

Would you say the setup STANDS OUT and SCREAMS at you to trade it?

IMHO, the only thing in its favor was the super strong uptrend

[dudest]

@dudest

You’re most welcome to the thread Shannon :), and wish you a profitable future going forward!

PS:

My thoughts on USDCAD D1 pin that’s forming

Pros: nice pin at nice level
Cons: the 1-2-3 for the down-move already happened, so we’re in a new upmove ==> the pin is counter-trend (and esp coming after the huge bullish bar.

For me a good play would be to look for longs on lower time-frame (e.g H4) in line with this recent strong up move.

Cheers!

So, in the short term, price has found support at the level we were looking at for longs

Now waiting for price to make a clear break in either direction in order to decide what to do.

The clear trend is still up, and I still favor longs over shorts (unless the support is decisively broken)

Cheers

[marketdeal]

Hi everyone) AUDNZD H4 chart fired off a very solid bearish pin bar at swing high.It was with with the overall downtrend and was offering a nice risk reward ratio.The only thing which kept me away from entering this trade was the VBRN of 1.2000 in which it was trading straight into.

Thanks
Happy Trading

[marketdeal]

Hi everyone)This week is about to end without any trade able A+ set up. Guess i am not the only one?

[dudest]

@Dava005

Hi everyone,

First of all Thank You to everyone and especially master of this thread Jonathan for such a valuable information.

If following candle closes 10 pips below current pin bar (if it is one?) would it be correct setup to go short?
Thanks for your comments!

Hallo Dava!, and welcome.

Your dark chart is hard to see/read, please post clear charts to allow quick response

Have you gone through first 50 pages of the thread? [you’re not sure if the candle is a valid pin, says something…]

Please don’t take this wrong way, 'tis good to be on same page.

Cheers

[dudest]

@marketdeal

Hi everyone) AUDNZD H4 chart fired off a very solid bearish pin bar at swing high.It was with with the overall downtrend and was offering a nice risk reward ratio.The only thing which kept me away from entering this trade was the VBRN of 1.2000 in which it was trading straight into.


Thanks
Happy Trading

Hallo marketdeal,

I saw this differently, noting that a big BUEB had formed at the bottom of the (now) range.

However, given all the chop, was not worth the risk.

Cheers

[hmr7788]

Interesting point dudest.

By the way, that PB is a nice size one, however it’s trading into BRN
Pass for me

@dudest

Hallo marketdeal,

I saw this differently, noting that a big BUEB had formed at the bottom of the (now) range.

However, given all the chop, was not worth the risk.

Cheers

[Dava005]

Thanks dudest!

The reason I was not sure about pin bar, was that it had closed a pip above the close of the previous body. Is it suppose to open and close within previous body (not the within the wick) ? sorry if I’m asking newbie question. any way reposting the EURUSD 4H chart, hope it’s more clear to look at.

Thanks

[marketdeal]

@dudest

Hallo marketdeal,

I saw this differently, noting that a big BUEB had formed at the bottom of the (now) range.

However, given all the chop, was not worth the risk.

Cheers

I am just wondering how can you call proper S&R zones as choppy areas?And don,t you think the size of the pin bar is good enough to counter that big BUEB?And you don,t consider that VBRN a problem?

[marketdeal]

@Dava005

Thanks dudest!

The reason I was not sure about pin bar, was that it had closed a pip above the close of the previous body. Is it suppose to open and close within previous body (not the within the wick) ? sorry if I’m asking newbie question. any way reposting the EURUSD 4H chart, hope it’s more clear to look at.

Thanks

The pin bar was a valid one.It has has close within the previous candle including the upper and lower wicks.

[dudest]

@Dava005

Thanks dudest!

The reason I was not sure about pin bar, was that it had closed a pip above the close of the previous body. Is it suppose to open and close within previous body (not the within the wick) ? sorry if I’m asking newbie question. any way reposting the EURUSD 4H chart, hope it’s more clear to look at.

Thanks

Valid pin open & close => within previous candle (body, wicks and all)

Read this: Pin Bar

[dudest]

@marketdeal

I am just wondering how can you call proper S&R zones as choppy areas?

Those minor S/R zones are trouble areas. Look at how price is struggling where to move currently…

And don,t you think the size of the pin bar is good enough to counter that big BUEB?

I wouldn’t bet my money on it. But seriously, compare the sizes… The pin’s got down-swing going for it, but that’s it

And you don,t consider that VBRN a problem?

Of course the BRN 1.2000 is a problem for someone taking the pin

==

This and previous post on AUDNZD H4 are my opinion. It’s not necessarily right or wrong. Let’s just say I wouldn’t put my hard-earned money to risk on either the BUEB or the PIN (or any scenario looking like this).

Cheers

[dudest]

I am just wondering how can you call proper S&R zones as choppy areas?And don,t you think the size of the pin bar is good enough to counter that big BUEB?And you don,t consider that VBRN a problem?

PS:

I had a similar ‘tussle’ like this with Bryce earlier in the thread

He tried to set me straight and I was headstrong…

My trade ended up winning,…but [B]Bryce was right[/B], I came to see that in time… <wry smile>

[marketdeal]

PS:

I had a similar ‘tussle’ like this with Bryce earlier in the thread

He tried to set me straight and I was headstrong…

My trade ended up winning,…but [B]Bryce was right[/B], I came to see that in time… <wry smile>

Thanks for the explanations fella)Yea that,s where the experience jumps in.Different market situations examines us in a different way.Yes you are right it,s trading into a mess right now.Thanks for the psychological no,s concept you taught me it kept me away from entering lol.

[dudest]

Thanks for the explanations fella)Yea that,s where the experience jumps in.Different market situations examines us in a different way.Yes you are right it,s trading into a mess right now.Thanks for the psychological no,s concept you taught me it kept me away from entering lol.

Good on you mate

[ansunirmal]

Watching …