Am not an expert, just a student of forex like yourself, but looks like that bus is missed already. It was a PA signal (though the two bars are not of the same size) off a good level with rejection of a BRN, but countercurrent nonetheless against a good momentum with the first trouble area around where the price is now…0.8200 only 20 pips away from the break of the PA signal. I did not like it enough to take it. Am sure the senior traders will comment on this later. Also we are looking at mid to short term trend not long term trend for trading off the daily charts…This is my opinion, not trading advice …
Hi Wookie,
I can’t see a gap?
Thanks
Shannon
Good observation about the gap Wookie. I had missed it. Though I wonder if this kind of a gap is a pro for the trade as it would add to the support at the base of the setup.
@Shannon - Look at the lows of the two candles and you will see the gap between the close of the first candle and the open of the second candle
I think you shoud watch 4H chart to sell that big momentum
@traderamateur I hadn’t really thought about that tbh, that is def something for one of the senior guys well above my understanding
Looks like a pin is forming on 4h, candle hasn’t closed yet, which is closer to the level I would want to short at, although atm it’s a bit small, keeping an eye on it though, the BEEB was ok but could’ve been a little bit higher up for my liking
Pin bar formed, for me that level is good, size is good and it’s with the trend.
I have placed my order at 0.8150
SL at 0.8215
TP 1 is 0.8100 where I will move SL to BE
TP 2 is 0.8050
TP 3 is left open to try and get a runner
Could this count as a PB on a swing high?
From me 3 positions:
NzdUsd
1)With the trend
2)4H PB
3)0.8200 PSYLEVEL
EurNzd
1)With the trend
2)Nice support level + Psy level on 1.57000
3)Nice PB
And AudChf
1)With the trend
2)Resistance level + Psy level on 0.95000
3) Im not shure for the bar and that worried me is traffic before…
Some opinions from the masters…?!
Hi forbiden
I think the PB on NZDUSD and EURNZD is average size, would like to see a bigger size though.
I can’t see any PA signal on your AUDCHF chart at the moment
Yes I’m agreed about AudChf. As I say “3) Im not shure for the bar and that worried me is traffic before…”
As i saw your pending sell stop, TP, SL line has all been setup, so i thought you have already entered all 3 trades
Hi guys,
I have been lurking this thread for a while and learned a lot from you guys, thank you.
This my first post, please be gentle 
Do we have live chat/skype for this thread ? It would be awesome.
NZDCAD BEEB on H4 with the trend. Resistance had been visited several time and holding up pretty well.
Any comments?
Hey denoxster, welcome to the thread. 
Ok, so you correct to be following the trend, now price has retraced but the BEEB you referring to is more like a 2bar. Remember its ENGULFING bars, the second candle did not completely ENGULF the first.
Keep at it
Hi Spongy, thanks for your quick reply.
Does that mean not a valid BEEB?
I am revering to highlighted candles
I am not at home so do not have my pepperstone charts on, but from another online site its actually showing a small pin bar rejecting .8400 zone.
Are you using new york charts?
I am not using NY close chart on this one. I trade live with oanda, but using FXDD chart sometimes (NY close).
Hallo Jack,
I don’t have SGDJPY on my Market Watch but the level you’ve marked looks like a great area to look for longs (D1, H12, H6, H4)
Cheers
PS1: H12, H6 only avail on MT5 (just incase you were wondering…)
PS2: E.G of NY-close broker having MT5 charts: RoboForex
Hallo Shannon,
Donno if you’ve been answered yet but those two bars on NZDUSD D1 are NOT a 2BR.
The second bar would have needed to open around where the first bar closed.
( Also there’s the issue of the level they’re formed at, but that’s another story… )
Unfortunately we did not get an A+ signal on H4 at the key level of 0.8200
More on 2BRs here: The 2 Bar Reversal
Cheers
.
[QUOTE=“dudest;492455”]
Hallo Shannon,
Donno if you’ve been answered yet but those two bars on NZDUSD D1 are NOT a 2BR.
The second bar would have needed to open around where the first bar closed.
( Also there’s the issue of the level they’re formed at, but that’s another story… )
Unfortunately we did not get an A+ signal on H4 at the key level of 0.8200
More on 2BRs here: The 2 Bar Reversal
Cheers
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
.[/QUOTE]
Hi dudest, is the reason the nzdusd signal not A+ because the pinbar is too small? The level is good right? Just need a larger signal?