I’m in this and also CAD/CHF mentioned above. Crude Oil looks also interestingly.
AUDCAD nice price action…
Just wondering about the size of the pinbar since i spotted it aswell a few days ago.
Isn’t this too small to be traded?
I know the rest of the price around it didn’t make big candles either but that was the reason it was a pass for me as it didn’t stand out from the rest of the price (at least that is my opinion).
Would love to hear some feedback on this to see if my thought pattern is still on the right track.
(For info: I only trade the daily timeframe and with the trend untill i gain more experience)
Remitu
Ps. Not saying this is a bad trade btw 
Same goes for AUDCHF (dont mind the arrow)
Level is nice (closed below 0.8800) but pinbar is small compared to the previous candles.
Am i right in passing this as it isn’t large and obvious even though it is with the strong downtrend?
Remitu
[QUOTE=“Remitu;504963”]
Just wondering about the size of the pinbar since i spotted it aswell a few days ago.
Isn’t this too small to be traded?
I know the rest of the price around it didn’t make big candles either but that was the reason it was a pass for me as it didn’t stand out from the rest of the price (at least that is my opinion).
Would love to hear some feedback on this to see if my thought pattern is still on the right track.
(For info: I only trade the daily timeframe and with the trend untill i gain more experience)
Remitu
Ps. Not saying this is a bad trade btw :)[/QUOTE]
Good analysis…
That was my thoughts exactly!
Yes, this is probably worth trying! I think I’ll place first profit at 0.8510 and second tp at 0.8460… Unless - somebody will find something really wrong with this setup, it’s still 29 hours till opening:50:
Hi Remitu,
I agree with your analysis. The levels are great, but the pins are not. Doesn’t mean they can’t work out, but as disciplined PA traders, those are passes.
Cheers
Hallo harganoff,
Great pin. I’d have liked it to have been formed higher though (right at the key level)
For that reason, I won’t be in this one come Monday
Cheers
Hi there, im new to the forums but following this thread for a while it helped me stay profitable and do less stress trading thx Johnathon ;]
How do you guys see the next week something interesting? Im currently in NZDJPY Long position with sl @ BE so im quite comfortable but still looking for good PA setups
John I’m glad I ran upon your thread I trade pure price action I would say i’m intermiate trader about 3 years into my forex trading carrer so far forex has been good to me and learning something new every day. This year alone is when I strictly went to price action trading. I use supply and demand zones for my entry points and make sure I have good risk reward before entering my trades I make sure I’m not trading into a supply or demand zone just ahead I have to have a nice profit factor to open the trade. The confirming candle is very important for me and when a pair breaks out I wait for the retest of the broken level and get in on the break out or break down and ride it down or up to next level. You’d be surprised what small weekly pip goals add up to over the year when you use discipline method like this one if you don’t see a set-up stay out just 100 pips a week adds up over the year and 3 or 4 consistent years doing so will make you a nice start to your retirement fund.
I think people make it to hard when they put all the indicators on there charts keeping them clear and looking for good levels and candle patterns at those levels is how the banks trade and how every trader should as well.
[QUOTE=“TkMpZ;505117”]What do u think about this beeb rejected main resistance on EUR/CAD??
<img src=“301 Moved Permanently”/>[/QUOTE]
That’s not a BEEB, the top doesn’t go past the previous candles high so it doesn’t fully engulf it, there isn’t really a level there it’s higher up around1.3800, it’s an intra day chart (4h I think) at market close on Friday, and even if it was a BEEB there isn’t a nice strong close to it, also are your charts New York close, I use pepperstone and mine are very different to yours, to me it looks like day traders taking profit at the end of Friday, oh and it’s against the trend, all in all not good
You should take full responsibility for your trades, this trading according to what other thinks does not help you very much, you need to get confidence and be able to made trading decisions by your own.
If you fully understand your trading method, I can reccomend you to turn off all trading forums for at least one month and trade just by your own with full responsibility.
What do we think of the Pin Bar on the daily chart of Oil?
Has formed a false break Pin Bar. The pin is small one and has a few minor levels that it has to contend with if it is to move lower over the coming days. It is rejecting resistance and would love to hear some comments…
OIL DAILY CHART
I like the fact that it is a false break pin bar and i think the size of the pin is good enough.And fact that its ranging is also adding edge to the traders. However, i think its just many level of resistance below that makes me hesitant. First significant one would be the 96.00 area, its too near. I would not take this but i would rate this a A.
[QUOTE=“jackson905;505145”]
I like the fact that it is a false break pin bar and i think the size of the pin is good enough.And fact that its ranging is also adding edge to the traders. However, i think its just many level of resistance below that makes me hesitant. First significant one would be the 96.00 area, its too near. I would not take this but i would rate this a A.[/QUOTE]
I’m with you on this one, there’s too many resistance point ahead, so the TP 1 would be too close? Or as you call it trouble areas ahead :-)?
But maybe you have an insider insight :-)!
I rather not take this one…