Also on the GBP/NZD daily chart, if this candle closes below support, would this be a 2 bar reversal?
[QUOTE=âIpbyrne;497197â]
heres a bigger pic of it, its the last candle, and I meant to say it was on the daily chart
<img src=â301 Moved Permanentlyâ/>[/QUOTE]
The big red Pinbar was valid PA, it would be up to you to look at it in context to figure out its quality and probability.
[QUOTE=âIpbyrne;497201â]Also on the GBP/NZD daily chart, if this candle closes below support, would this be a 2 bar reversal?
<img src=â301 Moved Permanentlyâ/>[/QUOTE]
Those candles combined would essentially form a bullish Pinbar at a swing high, which is the opposite of what you are looking for.
What time frame was this? I checked the 4H. Here is my D1 and all I have is a bunch of indecision candles.
[QUOTE=âRevival;497216â]
What time frame was this? I checked the 4H. Here is my D1 and all I have is a bunch of indecision candles.
[/QUOTE]
It was the 4H chart, about 3 candles back. It was a qualifying Pinbar. I would have liked to see the price swing back a little bit farther to extend past the much larger candlestick a few candles prior. I was also in a trade in another GBP pair so I wouldnât have taken it anyways.
BUEB? last daily candle
GBP/AUD Daily Chart
[QUOTE=âIpbyrne;497225â]BUEB? last daily candle
GBP/AUD Daily Chart
<img src=â301 Moved Permanentlyâ/>[/QUOTE]
Ipbyrne, if you havenât yet, please read at least the first 50 pages of this forum, if you have please go back and refresh. The last few charts you have posted show no price action signals, and donât follow any of the rules in this forum for identifying price action setups.
[QUOTE=âkrugman25;497227â]
Ipbyrne, if you havenât yet, please read at least the first 50 pages of this forum, if you have please go back and refresh. The last few charts you have posted show no price action signals, and donât follow any of the rules in this forum for identifying price action setups.[/QUOTE]
I agree, you seem to just be asking without doing the reading first
Not trying to the guy with a rod up his ass but that wasnât a valid pin bar. Didnât close within the previous candle and also if anyone took it, they would have been trading right into a strong support level, which had been tested quite a few times (I highlighted in red).
Think a good choice will be to look for price to go lower and retrace into the resistance level and form a PA signal.
[QUOTE=âRevival;497245â]
Not trying to the guy with a rod up his ass but that wasnât a valid pin bar. Didnât close within the previous candle and also if anyone took it, they would have been trading right into a strong support level, which had been tested quite a few times (I highlighted in red).
Think a good choice will be to look for price to go lower and retrace into the resistance level and form a PA signal.[/QUOTE]
I think he was looking at the next candle along, and went long on it
Ah⌠Sorry never mind then.
There are plenty that do futures with NY close on MT4 such as Go markets, Hotforex, Axi trader etc
Hello Ipbyrne and welcome to our thread! :57: This message is as much to you as it is to all the other new members I can see we have had over the past days weeks and monthsâŚ
In here we do things differently. Instead of being one big group, with a bunch of different method and systems arguing and yelling at each other, we have a simple set of rules that we follow and enforce and help each other with. If one person misses something, someone else with spot it and point it out. This helps the group evolve and continue⌠and growâŚ
This means that when a new members comes along they have to do their apprenticeship and study. To get the help of the senior members in the forum that you see posting most days you first have to do what the first post says and follow the basic rules. These are things like; use the correct charts, read the first 50 pages, etc The reasons for this are so we donât have 20 billion members coming in and posting setups from the wrong swing points and entering when they should not have been. All this will do is make the more senior members run away because they are sick of seeing the same questions and that ends up costing everyone!! This thread works because we have a great mix. We donât stand for bullying, we have some of the very best traders and seniors and some of the best new members continually coming through with great new questions. Everyone is new once and we all myself included have to do out apprenticeship at one stage or another.
Safe trading,
Johnathon
I am confused with this one. Do you still mean the 8hr chart or do you mean you see a pin on the daily chart because I donât see a pin on the daily chart of the GBPNZD?
Heya Jack,
nice post!
No, not a 2 bar or BEEB. For it to be a BEEB it would have needed to engulf the whole previous candle or bar. The high would need to be higher and low completely lower than the previous candle. For it to be a 2 bar the second candle would have needed to go lower and close much lower than what it did. It is actually an inside bar, followed by an inside bar break out higher.
Another thing to note is price was sitting right on the VBRN of 1.3000 and price formed this IB sitting right on it and has now made this breakout through this VBRN!
EURUSD DAILY CHART WITH VBRN 1.300
Hey all, I still read every post in here and will continue to and reply, but whilst now I donât do this each day I will instead go through 20+ in one sitting. So this is why if you see + like in your profiles from me normally on Sunday evenings it is because I have been going through the babypips posts. This is the only time I normally get at the moment. Great to see some members growing in confidence and some fantastic posts and even better trades being played.
Good trading,
Johnathon
Hi Jonathan and senior members,
At USDJPY D1 chart I found an inside bar formed on the support line. So is it have to wait it breakout the housing bar high to trade as reversal?
Hallo,
Each broker has specific specifications for futures (usually up on their site) detailing min. contract size, used margin, pip cost, etc.
E.g, with Axi, min contract size is 1 lot. Used margin & pip cost will vary depending on the particular future.
Using the size and pip cost, Iâm able to position size based on the SL. If SL to too big to accommodate my chosen risk (in $), I let the trade pass.
Cheers
Yes, that is what we look for in a [B]trade-able[/B] EB. We are on the same page 
What Johno said
[ I personally use AxiTrader ]