…
USDCHF don’t seems to be a A++ trade. no obvious swing. CADJPY formed a nicer one with a swing and following the major downtrend.
I wonder too about CadJpy… Some opinions from the elders 
For it to be A+ it would need to be up higher and sticking up away from all other price. The pin is back in and not right up at the high.
I do like that with all the strong momentum and with recent trend and also the strong recent moment and also rejecting the resistance and also think if it can break will move down to support around the recent bullish pins nose, however for this to be an A+ pin and for me to trade, the pin itself would need to be up a little higher.
I can def see why a lof of people would be getting into this and it is not wrong to trade at all and I do think if it can break the lows it will move lower. I am just a lot picker than most when comes to these…
Johnathon
Hello. I spot PB on AudCad 4H chart.
1)The price is at Resistance
2)PB
3)+ nice down trend and big down momentum
Now I take pending order to break PB
AudCad
Lol, such a fast answer. Thanks Johnathon
hmmm…size of the pin is not quite convincing
Good luck though 
[QUOTE=“krugman25;502244”] The price action signal would need to be large and obvious to be taken against such strong selloff. Looks like a good BUEB at an important level, I’m in! =D Entry at 50% Fib retrace.[/QUOTE]
I does that too! 50 retrace haha!
[QUOTE=“krugman25;502268”] Full screen shot of EURUSD H4 <img src=“301 Moved Permanently”/> Zoomed in on Fib retrace of PA signal <img src=“301 Moved Permanently”/> Many of the setups, when combined are just pinbars. A 2BR, BEEB and BUEB setup can be combined, and I tend to treat them the same way I treat pinbars. If I am drawing a fib line on the candles, I just draw it from the highest wick of the highest candle, to the lowest wick of the lowest candle. I don’t always enter on 50% fib though. Price action trading is all about trading price, so my fib entries differ based on previous candle price movements. Sometimes, I don’t retrace at all, instead I enter on a break of the bar for a confirmed signal. And sometimes I have a more entry setup where I enter smaller lots on multiple retraces and also on a break. Every setup is unique, and is treated as such. As I have seen some senior members say in here, “plan your trade, and trade your plan”. I have a clear set of rules for my entry/exit plan, and I stick to them. Doing that helps make the trades less emotional. And if you end up losing a trade, you know you didn’t interfere with the trade in a way that hurt your chance of success. I would highly suggest entering on a break of the price action signal as it has the highest chance of success. If you want a less conservative entry, like a fib retrace, practice it a whole bunch of times on a demo account until you get good at understanding why one retrace works and another doesn’t.[/QUOTE]
That’s exactly what I’m doing on demo for a while. Just want to ask ur opinion if the win rate is high by entering at retrace? Currently, I separate four excel files and record the entries and success rate like “4HR retrace entry” or “Daily Brrakout entry” something like that but the sample is still v little.
But I found out something is that for example, a pin bar right on top of a Resistant line, I would wait the price to pass the pin bar to enter, if it retraced below the resistant line, low chance of winning etc.
What’s your thought?
Jack.C
I was also looking at some of these.
Not at my charts now but here are my thoughts about them:
GBPUSD: Pinbar was too small for my liking.
USDCHF: Nice pinbar but i didn’t like how and where it formed. No space to move into. FTA 40 pips below a possible entry.
EURGBP: Didn’t consider this one as it is trading straight into traffic.
CADJPY: Pending order on this based on my analysis so sticking with it.
Did read the reply from Johnathon about it so that is a lesson for the next time.
Remitu
By up higher you mean the price need to be lower? i didnt get that part.
Yeah, i guess its the picky part of you helped you on many winning trades!
Hi Ansunirmal, did you enter that AUS/USD trade manually or by a sell stop order?
Wow ok thank for the pictorial explaination. I didnt know we need to look at that too. Guess theres new to learn everyday lol
Thanks!
What do you think of GBPJPY? 2 nice pinbars at daily, and a strong down move on 4hr. My short order was triggered when price went above the 4hr resistance line of 151.50 and i took ½ of my profits on 150.85 where there were some 1hr support.
When i look back i think i should have taken my ½ profit on the 0.382 fib at 150.76 but i didn’t see it at that point.
Anybody else in the trade, and what do you think about my last ½ of profits to be taken on 150.50?
I dont really see any pin bar at daily from what we learn here, and for today, its not really closed yet. So i cant confirm.
CAD/JPY PB seems interesting! Unfortunately my SR lines were drawn elsewhere, so I didn’t even noticed it heh.
As for USD/CHF, I let to fool myself by the arbitrariness of SR lines. On my chart, there was a resistance at 0.9266. On the other hand, it was still not a swing…
Same with CAD/JPY, I didn’t even bothered to mark a level at 93.933, mine were at 97.030 and 91.550.
Deleted EUR/GBP because of traffic.
Will try to be more picky…
Good luck!
I got stopped out by this broke out yesterday, n i deserve it. lol.
But lets see if i can “Revenge” by taking this looks gd to me!
Jack.C
If you pick really high quality setups, you should still be winning over half of your trades. For example, out of the last 7 trades I took; 3 were winners, 2 were break even and 2 were losers. I am huge on capital preservation, as soon as price moves close to break the price action, I move to SL to break even. So you will have more break evens, and a few losers, but the winners are usually pretty large.
If a price action pattern formed on top of resistance, I would probably enter at a certain retrace, and when the price gets close to the resistance, I would probably close part of the lots for profit, and move my SL to BE.