Forex Price Action

John, I’m sort of new guy around, great PA technique. What is the best times to look at the charts? Right after NY close? Or when?

Well, if you’re trading D1 the [B]only[/B] time you can check the charts is after NY-close, hehehe :slight_smile:

Tongue in cheek aside, welcome mate!
D1: after NY-close
H4: during London and NY sessions (when there’s liquidity). [ For Asian pairs though (e.g AUD, NZD), Asian session is valid ]

Since you’re starting out, trade from D1 and you’ll be just fine

Cheers!

i dont like this pinbar its small (not 3x size of wick) and a lot of resistance ahead so i wouldnt take it.

Its so quiet nowadays, it seems that everyone went for holidays lol…

Anw here is a chart im looking.


Hopefully a Pin bar after NY close.

:slight_smile:

Jack.C

EDIT:

you know what, scratch that, i need it to retrace back a bit more for it to be a valid trade for me…

[QUOTE=“Forex School Online;505143”]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
<img src=“http://forums.babypips.com/attachment.php?attachmentid=47812”/>[/QUOTE]

Why I dont see the pin bar? This is my daily chart and I thought it was NY Closing time…


Whose your broker?

[QUOTE=“cams75;505338”]

Whose your broker?[/QUOTE]

My broker is eToro

Sorry, I thought I would be able to tell you if they are NY close by looking on myfxbook but they are one of the few brokers not listed. More than likely they are not as I have the pin bar on my daily chart. Look at the start of the thread as there are lots of brokers to choose from and besides Etoro as far as I am aware has almost the worst rep.

[QUOTE=“cams75;505346”]

Sorry, I thought I would be able to tell you if they are NY close by looking on myfxbook but they are one of the few brokers not listed. More than likely they are not as I have the pin bar on my daily chart. Look at the start of the thread as there are lots of brokers to choose from and besides Etoro as far as I am aware has almost the worst rep.[/QUOTE]

Will do :-)!

Hi PipDom,

I have account on etoro too. And also alpari uk. Actually the pin bar that told by Jonathan on oil, etoro chart of mine having the same pin bar, as well as Silver stated by mate at previous post. U sure u dont hv the chart showing pin bar?

Yep exactly as you said! Nice one.

I was after some comments and hoping people would accurately identify that like I highlighted in the first post price had a lot to get through to move lower. As we can see price did attempt to move lower and could not get past the first area which was a pretty solid area as we can see on the chart below.

Time will tell but if price can now break out higher it could move into space and a new trend which could be something to watch out for…

OIL DAILY CHART


Ny close which is 5pm Ny time and the UK and US sessions for all intraday trading such as 4hr and 8hr trading etc


This is my trade for today, please tell me what do you think…
Pin bar at a major resistance point.

First TP near a minor zone 1.31 and then be or 1.32…
So far it is going in the right direction but I had my doubts about it.

Did anyone else take this trade?

Regards,
PipDom

EDIT: IT ALSO SUGGEST A DOBLE BOTTOM FORMATION…

Thanks for advice!:57: BTW I didn’t made that trade, because after second thought I’ve found there’s too much resistance below, so my reward was like 50% of my risk and that’s just too low even with virtual money:22:
Good luck!

In this method PB for LONG should have a long wick pointing south, right?:33: This one is pointing north… So a No-Go for me. I hope it would go nicely for you, if you’re already in a trade!

Besides being against the trend, it’s also not at a swing high. You don’t want to sell short from a swing low!

Yeah, you are completely right! I already deleted my message because I just realized this thing about swing.
It was probably even not a good 2bREV, since black candle was not lower then white one, although I’m not sure if this is essential…

Okay good, cause this is a really important aspect of Johnathon’s teachings. :slight_smile:

Hi Fam
This is my trade.Based on 2br reversal.


Hello guys.

Any tips for NY-closing charts on iPhone/iPad which doesn’t include a whole lot of registration. Can still manage my trades through my broker, but need accurate data to spot trades, which my broker doesn’t provide me with. :frowning:

Thanks and safe trading. :slight_smile: