Forex Price Action

[PipDom]

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 I’m doubtful that it will retrace beyond the high of the H4 BEEB and so that’s where I’ve placed my SL.

You are in profit my friend

[tomyates]

You are in profit my friend

Yep! Let’s see if it closes below March’s support.

[Matthgm]

EURUSD 240 broken through a previous support level. Looking for a a close below before a retrace and a PA signal before taking a short?

[PipDom]

@Matthgm

EURUSD 240 broken through a previous support level. Looking for a a close below before a retrace and a PA signal before taking a short?

Also watching EUR/USD in the same situation…

[Songok]

Lets wait for PA signal

[Matthgm]

[QUOTE=“Songok;507650”]Lets wait for PA signal[/QUOTE]

Indeed, just trying to share my thinking to ensure I’m reading it correctly. No signal = No trade!

[shane]

EURGBP forming a pin bar. but unfortunately not at the resistance area ><"

[PipDom]

@shane

EURGBP forming a pin bar. but unfortunately not at the resistance area ><"

I will trade it… if it goes lower after it… (I might be wrong thou @.@)
I have the 86 layer a resistance…

[Songok]

I think You should wait for close under the S/R area

[PipDom]

I think You should wait for close under the S/R area

Yes if you see the green dash line, it’s the open price of the order, just under the S/R line and further low than the pin bar.

Please any comments?

[Sergei13]

Yes if you see the green dash line, it’s the open price of the order, just under the S/R line and further low than the pin bar.

Please any comments?

Hmm, my SR is 0.8588, and it’ll be wrong for me to “adjust” it now, so - pass for me… Wish best of luck for you guys though!:57:

[forbiden]

I will open a EurGbp if price close below 0.8584…

[oicdpips]

Hi PipDom,
I’m pretty new here, but I’m just wondering where you looking at TP. Are they the red dashed lines in your chart?

[PipDom]

Hi PipDom,
I’m pretty new here, but I’m just wondering where you looking at TP. Are they the red dashed lines in your chart?

Yes half position, one in the middle of the range, and the next just above the low layer.
Well it will be if the order is triggered.

[jackson905]

Yes half position, one in the middle of the range, and the next just above the low layer.
Well it will be if the order is triggered.

Are u trading live? if you are i think its best to wait till close of NY. Even if you are demoing i think its best to stick with the plan

[PipDom]

[QUOTE=“jackson905;507696”]

Are u trading live? if you are i think its best to wait till close of NY. Even if you are demoing i think its best to stick with the plan :)[/QUOTE]

Im unavailable at that time
Until several hours past the ny closure.

[Remitu]

@PipDom

I will trade it… if it goes lower after it… (I might be wrong thou @.@)
I have the 86 layer a resistance…

Just noticed the pinbar after NY close but i wont trade this due to the amount of traffic to the left of it.
It is running from 1 resistance area into the next all the way down.
It doesn’t have a clear (clean) path downwards as far as i can tell.

And for me personal (still on demo), i’m not into trading ranging markets (yet) so that makes it a pass aswell.
Just added my thoughts for feedback and self-education

Remitu

[Belier]

What do you guys say about EURJPY 4H chart?

It’s from support + RN 129.00.

There’s also bearish pin at EURGBP daily chart but it sits just at support so I personally wait for longs here.

[tonyro44]

I would wait until jpy comes out with its news @ gmt 23.50 then take action which ever way you feel right.

[chisha]

I’ve been having a difficult time trading the last couple of weeks, it seems the setups aren’t as plentiful and the markets are behaving in a way that I don’t understand (getting whipsawed a lot). I’ve read that the markets are very slow in the summer because of low liquidity.

Johnathon can you or any of the senior members please shed some light on this? As always your wisdom and knowledge is very much appreciated.