Is there like a list or something of the Brokers that are using New York 5 day close? I think fxpro uses NY 5 day close - am I right about this one?
Thank you, Belier, your reply is interesting, it seems you consider original theory to be rather true, then not. Iāll think about your words, especially about psychological factor of going live!
BTW, thereās a PB on Daily USD/SGD, but First Trouble Area is so close, Iāll have to passā¦
ps And trend, why do I keep forgetting about trend lol
Heya all,
hunting GBPUSD for shorts on all timeframes if price can make it back higherā¦
GBPUSD DAILY CHART
[QUOTE=āForex School Online;507373ā]Heya all,
hunting GBPUSD for shorts on all timeframes if price can make it back higherā¦
GBPUSD DAILY CHART
<img src=ā301 Moved Permanentlyā/>[/QUOTE]
We are all watching!
It is no surprise you forgot the trend as it is very common. The trend is the number one biggest edge the trader can use to put the odds in their favour but most donāt understand how to use it properly. Most donāt understand if they should look at long term or short term or whether they should be looking at multi time frames etc I have made a new tutorial on this which is below to fix this in here which will hopefully fix this. I have also made an article and recently just added to it.
Price Action Trend Trading Tutorial
Safe trading,
Johnathon
There is a lot of sideways trading at the moment. Most pairs are bopping up and down and not many have solid trends either way. Be careful and be selective when trading in range markets. Trading in range markets is the most difficult because the market can turn, but you just have to make sure you donāt get caught out trading in the middle of the range! Trading from the key levels at the high and low and not in the middle and make sure the levels are key. Also make sure you are not trading back into key support or resistance level. A Pin Bar is no good if it is against the trend and trading back into s support level. It is all about the price action story and context. Be selective and trade to the market conditions.
Johnathon
@forex School online: Do you mind sending me a PM with some Brokers that use 5 Day NY close candles?
[QUOTE=ā1easypips1;507379ā]@forex School online: Do you mind sending me a PM with some Brokers that use 5 Day NY close candles?[/QUOTE]
Google mate, Iāve got the list on the first page of search. Alpari UK is one of them
Please read page one post one.
So we have a BEEB in the daily but not yet close, and a little shooting star in the 4H before dropping to the present low.
Iām thinking of jumping in the down trend if todays close as BEEB, what do you think?
I did not take this, as it was just below the previous support (now resistance) do you think it will retest this? Or the down momentum is far stronger?
Hi Johnathon,
From your website, USDJPY D1 was in your chart in focus.
Since most of the time I traded with reversal, this would be the first time of mine to trade continuation.
Just to confirm that if today bar end with a bullish engulfing bar, this would be the price action that we are looking for?
With long trade towards the next resistance.
Despite not being exactly at the 1.5 level, I took the break of the H4 BEEB as, alongside the strong momentum, it was enough confirmation for me. It may retrace back up, but Iām doubtful that it will retrace beyond the high of the H4 BEEB and so thatās where Iāve placed my SL.
Nice you are already on the winning side :-)!
I might getting after the close of the day, if the BEEB mantains in the daily!
Best of look, and lots of pips!
I canāt post a chart at the moment, but is anyone watching the 2BR on the H4 XAGUSD?
Hey Johnathon.
Just watched the new video and it was awesome!
Just wanted to shout out 
Remitu
USD/JPY D1
Shane,
It broke out of the box, maybe retracing, or consolidating? I would wait for a retest on the now supportā¦
And TP up to 103 the previous highā¦ remember TP near the zone.
At least that is my plan after I see a strong PAā¦
Regards,
PipDom
btw, why your support so low?
PS: I get it already, u r waiting for a retrace at another support of mine. LOL.
I like the round numer 100 and the 103.
Maybe it wont retrace exactly to it, but I hope it make a retest at it before going higher.
If we get a strong bull signal at this level I would jump in otherwise keep waitingā¦
Mr Jā¦
What is your insight?
Regards,
PipDom.
There is support at around 1.48300 (March 12), shouldnāt you worry about that, might be hard to break through.
I looked at the same point earlier. Itās within 2 pips of where the price dropped to earlier. Be nice if it broke through that and retraced, it would be a much more attractive short from there.