Forex Price Action

[traderamateur]

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, I’m 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

Thanks mate. I use oanda for live trades. So i will look at their site. I wish ther was a simple position size calc like the one for currencies. Thanks again.
Raj

[chisha]

There’s a BEEB that was formed 2 sessions ago but I think it can still be traded. Not sure if it’s A plus, please use your own judgment & share your opinion.

[chisha]

Thanks dudest!
not only for the Trade Manager but for everything you’re doing here, I wish you success.

Hallo,

I’ve sent you a Visitor message.

PS: it’s not an indi, it’s a Trade Manager EA (i.e, manages your trades according to pre-defined rules whether you’re there or not)

Cheers!

[Forex_School_Online]

@shane

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?

We don’t trade IB as reversals… and in here we don’t trade IB at all.

Johnathon

[krugman25]

I am working right now so I can’t elaborate, but there is a pinbar setup right now on the CADJPY pair. Have fun!

[hmr7788]

It’s counter trend trading straight into box of traffic and loads of candle highs, no fun

@krugman25

I am working right now so I can’t elaborate, but there is a pinbar setup right now on the CADJPY pair. Have fun!

[marketdeal]

There are plenty that do futures with NY close on MT4 such as Go markets, Hotforex, Axi trader etc

What the futures (indices,commodities) have to do something with NY close charts?Isnt just the forex market works that way?

[shane]

I am working right now so I can’t elaborate, but there is a pinbar setup right now on the CADJPY pair. Have fun!

2 bar are actually rejected the support line. wait for the break up point XD

[krugman25]

@hmr7788

It’s counter trend trading straight into box of traffic and loads of candle highs, no fun

I agree, it is a little hairy in there. But the pinbar, not coincindentally formed directly where their is a major support/resistance line that has been in play for about 2 months. Also a major trendline that has been in play for 4 months, and the 63% fib retrace of the last major high and low. But it’s up to each person if the can manage the trade correctly to account for the traffic.

[Forex_School_Online]

@krugman25

I agree, it is a little hairy in there. But the pinbar, not coincindentally formed directly where their is a major support/resistance line that has been in play for about 2 months. Also a major trendline that has been in play for 4 months, and the 63% fib retrace of the last major high and low. But it’s up to each person if the can manage the trade correctly to account for the traffic.

Please take emas and trend lines off your charts…

[Forex_School_Online]

What the futures (indices,commodities) have to do something with NY close charts?Isnt just the forex market works that way?

Yes all futures have their own opening/close (trading times), but what I was getting at is you want to have these futures on the same NY MT4 charts as what your FX pairs. Of course you don’t have to and it is not a must like the NY close with FX pairs is, but it is a nice to…

[krugman25]

Please take emas and trend lines off your charts…

My apologies, I forgot to before I took the screen shot. Thanks for the heads up.

[marketdeal]

My apologies, I forgot to before I took the screen shot. Thanks for the heads up.

So usually you trade and read your charts that way? Dont just strip them off for taking a screen shot also for learning this price action method)

[krugman25]

Bars haven’t closed yet but potential BUEB. Have fun!

[shane]

@krugman25

Bars haven’t closed yet but potential BUEB. Have fun!

potential trend should be downtrend right?

[Wookie1985]

[QUOTE=“shane;497527”]

potential trend should be downtrend right?[/QUOTE]

Price has just made a higher high so the short term trend is up I think? And it could be the first 2 waves of a 1,2,3 reversal

[Dava005]

[QUOTE=“Wookie1985;497528”]

Price has just made a higher high so the short term trend is up I think? And it could be the first 2 waves of a 1,2,3 reversal[/QUOTE]

Guys how about critical area of 1.2000?

[shane]

Price has just made a higher high so the short term trend is up I think? And it could be the first 2 waves of a 1,2,3 reversal

u point out the point that I missed out. Higher high~ LOL! thanks mate

[joeypips]

Hey everyone, i’m still learning and i could use some help. I am currently looking at the USD/CHF 1HR and i think i noticed a pin bar at a support level .9395. I’m waiting for price to bounce of that support level in order to confirm my trade. Could i get some thoughts on this evaluation. Thanks

[shane]

EURCAD D1 chart formed a pin bar. Is that a valid pin bar? it formed on the resistance line although it against the trend