Forex Price Action

[jackson905]

A few people have explained this to you, but I get the feeling you may not be 100% be understanding what they are trying to explain.

This is critical. The area you made this trade from was a horrible area to trade from. It was smack bang in the middle of no-mans land and this is somewhere we never want to be getting into trades. You experiences a tug of war between the bulls and bears and you are going to keep experiencing them if you keep enetring in those areas.

When you enter in the middle the bulls and bears and going through a fight to work out who will push price where. You don’t want to be taking a part of this fight because this is when price can whipsaw in any direction and it can be no fun at all.

This is when you need to sit on the sidelines and wait for price to move into your key levels and then trade when the market has shown it’s hand. You have your key black levels marked. ( I am guessing they are your levels?) These are the only two levels you should ever be trading from. You should not be doing anything in the middle of that rubbish.

There is an article that will really help you with this that you can find here: [B]Trading Intraday From Daily Levels and Only Two Levels[/B] If you have any questions please let me know and when I am back in here in a couple of days I will answer or Bryce, Dudest will help you out.

This is really crucial so don’t be shy about asking questions.

Johnathon

just a gentle reminder about posting your link, we dont want you getting banned again lol. i read previously that they banned you coz of your link

[Forex_School_Online]

just a gentle reminder about posting your link, we dont want you getting banned again lol. i read previously that they banned you coz of your link

That was actually for something else, but never mind…

Don’t worry I have full dialogue with the site admins and understanding. As soon as I post links or videos I send it over to them for approval. They will then say yay or nay. This time they wanted me to take things of my page on Forex School Online which I am not going to do obviously.I would rather take the link off babypips post than change FSO site. Other times they let me leave the link or video if it meets criteria.

Basically it just has to meet the criteria of in line with being in spirit of babypips education, which pretty much all of the links are and if you go through the thread there are a couple of hundred links that have been approved and they are all in line with this.

Night,

Johnathon

[jackson905]

That was actually for something else, but never mind…

Don’t worry I have full dialogue with the site admins and understanding. As soon as I post links or videos I send it over to them for approval. They will then say yay or nay. This time they wanted me to take things of my page on Forex School Online which I am not going to do obviously.I would rather take the link off babypips post than change FSO site. Other times they let me leave the link or video if it meets criteria.

Basically it just has to meet the criteria of in line with being in spirit of babypips education, which pretty much all of the links are and if you go through the thread there are a couple of hundred links that have been approved and they are all in line with this.

Night,

Johnathon

Good! as long as its valid just didnt want the previous drama to happen again lol

nite!

[forbiden]

Don’t ya just love when you have one of those “AHA” moments? They are awesome! You can walk around for weeks felling confused and then all of a sudden sometimes without knowing why just all of a sudden “AHA”! and it clicks!

Johnaton, thanks for give us that “AHA” moment

[tomyates]

What do y’all think of the pinbar that’s formed at resistance on AUD/CHF H1? Price has respected this level twice before. My original plan was to short at the break of the previous bullish bar @ 0.88434, SL just above the pinbar high. I’m hesitant now as the pinbar isn’t all that large, which is something we look for on the smaller timeframes.

I don’t believe I can attach a chart as this is my first post here.

Cheers!

[Pips_Ahoy]

@tomyates - on the day chart there is a bullish engulfing bar suggesting a bullish reversal. i will be waiting for a move in the opposite direction as this is a key s/r area

[ppchrispp]

@cosminc77

If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?

Thanks, everyone!

It seems that there are a lot of indecisive bar on the left so I would probably pass this trade.

[ppchrispp]

AUDJPY 4hours looking for PA at the resistant level and short from there.

[fortunatus]

Hi guys, I’d love to be a member of this super onward family of price action traders. I am through with the first 100 pages and made a couple of trades on my own. Hope I’d learn better interacting with you guys

[ppchrispp]

EURJPY Daily

Pin par formed at swing low support level. Overall trend is up.

I think that it is tradable. Any thoughts?

All JPY pairs are showing pin bar at the moment, but this one seems to be the best looking one.

Thanks,

[fortunatus]

Hi Ppchrispp, i also noticed the pin bar, but how much are you willing to risk for that trade?. Where would you rather place your stoploss?. Thanks

@ppchrispp

EURJPY Daily

Pin par formed at swing low support level. Overall trend is up.

I think that it is tradable. Any thoughts?

All JPY pairs are showing pin bar at the moment, but this one seems to be the best looking one.

Thanks,

[Remitu]

My take on the EURJPY pinbar that has formed (at a level i had marked already, the bottom blue line).

• Good size pin bar at swing low
• With overall uptrend
• Has space to move into (although not alot)

• Big bearish bar 2 bars before it
• Short term trend is down
• Trading towards RN 129.00 where price might stall.

(this for me was the best looking setup of the YEN pairs (with the pin bars)).

Here is my chart of this trade with a pending order to show my levels:

Entry = 128.20 (happens to be above a RN)
S/L = 125.84 (at recent support level)
TP = 129.80

I plan to move my SL to breakeven as soon as price reaches 129.00 (top blue line) as there is a resistance zone where price might stall. Final TP at 129.80 below the BRN of 130.00 which acted as support/resistance in the past few weeks several times.

Looking forwards to your comments on this setup.

Remitu

[ppchrispp]

Hi Ppchrispp, i also noticed the pin bar, but how much are you willing to risk for that trade?. Where would you rather place your stoploss?. Thanks

entry - 10pips about the pin bar high
stop loss - 20pips below the bar low
First TP - 128.85
Second TP - 129.85

Once it hits the FTP, I will close 50% of my position and move the rest to breakeven.

[h3yn0w]

@ppchrispp

EURJPY Daily

Pin par formed at swing low support level. Overall trend is up.

I think that it is tradable. Any thoughts?

All JPY pairs are showing pin bar at the moment, but this one seems to be the best looking one.

Thanks,

RE: Eur/JPY

That’s not a good pin bar for a swing low. You want it to close above the open price.

[ansunirmal]

AUDUSD BEEB 4HR chart

[h3yn0w]

@ansunirmal

AUDUSD BEEB 4HR chart

Hi there. Just sharing what I have on my chart. I’m also looking for a short signal, however I’ve got a potential SR line not too far below where it’s at now. Good luck.

[krugman25]

[QUOTE=“h3yn0w;500153”]

RE: Eur/JPY

That’s not a good pin bar for a swing low. You want it to close above the open price.[/QUOTE]

Sorry, but I will have to disagree. The Pinbar itself is fine and satisfies the 3 requirements which are body size, body position, and close within the previous candle. It’s nice to have the pinbars real body close above the open in the case of a swing low, but it doesn’t make it a bad Pinbar.

[krugman25]

@h3yn0w

Hi there. Just sharing what I have on my chart. I’m also looking for a short signal, however I’ve got a potential SR line not too far below where it’s at now. Good luck.

To me it looks like the price action signal has formed in between the support and resistance. I like the bars and how to formed, but I would want to have seen it form higher.

[h3yn0w]

Sorry, but I will have to disagree. The Pinbar itself is fine and satisfies the 3 requirements which are body size, body position, and close within the previous candle. It’s nice to have the pinbars real body close above the open in the case of a swing low, but it doesn’t make it a bad Pinbar.

You’re right, that’s the technical definition. Personally I’d prefer to see it close high, or if not get confirmation on subsequent bar, which hasn’t happened anyways. So I’d still pass on this one:)

[h3yn0w]

To me it looks like the price action signal has formed in between the support and resistance. I like the bars and how to formed, but I would want to have seen it form higher.

Yes, I agree.