Forex Price Action

[shane]

Yes, waiting for PA to short. but 1.5130 level is worry me…

ya. the small swing that occur there right?

by the way, how u think about audjpy? The previous pin bar that reject the support line seems not enough to make a retracement for the following candles. I feel that if today candle successfully breaking through the support line, it should be the end of downtrend and waiting for a nice reversal PA and go for long

[forbiden]

EurGbp from me…

1. Top of the range
2. Nice resistance + psy level 0.86000
3. Break on PB
   Only thing that worry me is support ot 0.85000
   
   
   
   
   Some opinions ?

[krugman25]

@forbiden

EurGbp from me…

1. Top of the range
2. Nice resistance + psy level 0.86000
3. Break on PB
   Only thing that worry me is support ot 0.85000
   
   
   Some opinions ?

I don’t think there is any good PA there. There have been 3 pinbars now, all of the same size and at the same level. You are looking for something that really protrudes out from that range. The price have just been bouncing around in that range for a while now. I personally am waiting for a false break of .8600 for a short, or .8530 for long

[forbiden]

Delete…

[forbiden]

I don’t think there is any good PA there. There have been 3 pinbars now, all of the same size and at the same level. You are looking for something that really protrudes out from that range. The price have just been bouncing around in that range for a while now. I personally am waiting for a false break of .8600 for a short, or .8530 for long

I know from Johnathon we shouldn’t trade in the middle of the range (0.8530 level)

[shane]

Guys, how about these?? EurCad D1 chart, pin bar formed on 2 previous candle. And today the candle protrude the resistance line but it doesn’t seems to outbreak the previous pin bar tail. If today candle close lower than the open price. should we consider this trade? Or ignore because it doesn’t outbreak the previous candle

[krugman25]

I know from Johnathon we shouldn’t trade in the middle of the range (0.8530 level)

Your right, I took another look, the next major swing low support is .8510. It is also a 50% fib retracement.

[forbiden]

Your right, I took another look, the next major swing low support is .8510. It is also a 50% fib retracement.

Close the position manually.This was a stupid mistake. Learn a lesson

[Revival]

@shane

Guys, how about these?? EurCad D1 chart, pin bar formed on 2 previous candle. And today the candle protrude the resistance line but it doesn’t seems to outbreak the previous pin bar tail. If today candle close lower than the open price. should we consider this trade? Or ignore because it doesn’t outbreak the previous candle

Those 2 pin bars don’t really stick out from the price action and aren’t really big signals. I also don’t think the length is 3x the body size.

[Ipbyrne]

Huge pin bar forming on the 4H USD/CAD chart. hasnt closed yet, but is looking very good.

price tried to push to 1.04 this morning and was rejected, thiking its a great time to get short for a big move down.

[Ipbyrne]

USDCAD and EURCAD will trade very similarly i feel like. Both will see down side over next couple days/week

[Yumei]

I am waiting for this setup, also. let see what happen on next monday.

@shane

Guys, how about these?? EurCad D1 chart, pin bar formed on 2 previous candle. And today the candle protrude the resistance line but it doesn’t seems to outbreak the previous pin bar tail. If today candle close lower than the open price. should we consider this trade? Or ignore because it doesn’t outbreak the previous candle

[krugman25]

@Ipbyrne

Huge pin bar forming on the 4H USD/CAD chart. hasnt closed yet, but is looking very good.

price tried to push to 1.04 this morning and was rejected, thiking its a great time to get short for a big move down.

I couldn’t help but notice all of the short positions you opened so close together. You weren’t excited about that pair were ya? lol

I think I counted 8 or so.

[Revival]

@Ipbyrne

Huge pin bar forming on the 4H USD/CAD chart. hasnt closed yet, but is looking very good.

price tried to push to 1.04 this morning and was rejected, thiking its a great time to get short for a big move down.

Just popped up my charts and it’s looking pretty bullish right now. Also right now the body is not 1/3 the size of the length of the bar. You’re also going against a pretty strong up trend. It still hasn’t closed yet though

[Wookie1985]

[QUOTE=“Ipbyrne;496121”]Huge pin bar forming on the 4H USD/CAD chart. hasnt closed yet, but is looking very good.

price tried to push to 1.04 this morning and was rejected, thiking its a great time to get short for a big move down.

<img src=“301 Moved Permanently”/>[/QUOTE]

IMO it’s against the trend, the bar is still bullish when you opened your positions and it’s at a swing low. Plus the danger of intra day trades on a Friday, way too risky for me but good luck

[Jason_Rogers]

@Ipbyrne

I also noticed this when I looked at chart on FXCM compared to my MT4 chart, and I think i have my MT4 settings where my trading days end at a different time then my FXCM trade station, any one know how to fix this?

4Hour candle closed on MT4 chart before it normally would on my FXCM webstation

and ty for info on why its not a proper PA signal, very good info. Im going to keep posting what I “think” I see and would love the keep the reviews coming! ty man!

Hi Ipbyrne,

The settings for the end of the trading day are determined by the server. Unfortunately, there isn’t a way for you to change them individually on your platform.

FXCM’s Trading Station platforms use 5pm New York time (21:00 GMT) as the the end of the trading day. That means the 4-hour charts begin and end at 21:00, 01:00, 05:00, 09:00, 13:00 and 17:00 GMT. FXCM’s MT4 platforms use midnight 00:00 GMT as the end of the trading day. That means the 4-hour MT4 charts begin and end at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 GMT.

This 1 hour shift means that candles will have a slightly different shape but should not affect your technical analysis much in the long run, since these differences will even out. If you ever have questions about FXCM’s platforms in the future, feel free to hit me up in the Broker Aid Station.

Jason

[Remitu]

I entered into this trade and have now taken 50% profit of the table at my TP1 and moved my remaining position to breakeven with a final TP at 0.82850

Remitu

Trade hit final TP today so i’m now out of this trade with a nice profit on my 2 positions (demo).

Seeing as price moved further down after my last TP level (0.82850) i was wondering if i should have moved my stop to TP1 and let the remaining position run.

What do you guys think?

I planned my trade and traded my plan so i’m happy about that but always looking to improve

Remitu

[puentejose]

Thanks for the Video Jonathon Best Regards !!!

[dudest]

@Ipbyrne

Huge pin bar forming on the 4H USD/CAD chart. hasnt closed yet, but is looking very good.

price tried to push to 1.04 this morning and was rejected, thiking its a great time to get short for a big move down.

Please read these with urgency:

Forex Trading Signals to Avoid - Forex School Online

Price Action That Sucks Traders In…

[Spongybob]

Ipbyrne

Im still using pepperstone mt4 for analysis but I trade live off my FXCM Trading Station, I dont use FXCM mt4 for this reason.

Cheers

Hi Ipbyrne,

The settings for the end of the trading day are determined by the server. Unfortunately, there isn’t a way for you to change them individually on your platform.

FXCM’s Trading Station platforms use 5pm New York time (21:00 GMT) as the the end of the trading day. That means the 4-hour charts begin and end at 21:00, 01:00, 05:00, 09:00, 13:00 and 17:00 GMT. FXCM’s MT4 platforms use midnight 00:00 GMT as the end of the trading day. That means the 4-hour MT4 charts begin and end at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 GMT.

This 1 hour shift means that candles will have a slightly different shape but should not affect your technical analysis much in the long run, since these differences will even out. If you ever have questions about FXCM’s platforms in the future, feel free to hit me up in the Broker Aid Station.

Jason