this is where my inexperience shows. The latest bar is very bullish on the 60M and 240M is very bullish but neither a Pin or a BUEB. It looks like a trade but cannot see a qualifying signal. Anyone?
Gold has broken itās previous key levels. Now looking for PA to form @ resistance.
Letās hope for a trend continuation!
In my opinion its to small and its against the trend so pass in my book.
Nice work! Cleaned up on them both! :35:
Anyone manage to catch the 1hr BEEB after I posted the 4hr chart of this pair earlier this morning? I donāt normally watch my charts during Asia and this is when this would have formed, but still interested to hear if anyone else did?
AUDNZD 1HR BEEB
Johnathon
Hello people! EUR/GBP Daily is cooking something, that resembles bullish 2BReversal. Now it is still small, but itās a lot of time till closing!
Good week so far with the aud nzd and the usd sgd. Did not like the gbpnzd, but looks like it worked well for those in it tooā¦ i think it is time to take a summer break from yrading for a couple of weeksā¦ . All the best to all my frnds and mentors here.
[QUOTE=āSergei13;512403ā]Hello people! EUR/GBP Daily is cooking something, that resembles bullish 2BReversal. Now it is still small, but itās a lot of time till closing!
<img src=ā301 Moved Permanentlyā/>[/QUOTE]
Thatās the thing. Thereās so much time before the candle closes you never know whatās going to happen. Itās much better to wait till the end of the session is near. If you have your levels pre marked its as simple as flicking thru the charts.
As far as the 2bar you typically want the second candle to close above (bullish) or below (bearish) the previous candle. So far itās all looking to small for my liking but lets see how the day ends 
Regards,
Eddie P.
Actually giving some profit if someone catched itā¦Good luck.EUR/JPY pushed up too.
Thanks for the answer. Chisha.
The fact is that iāve read the first 200 pages of this thread and iāve been doing demo trading for this last month, using this methodology.
Iāve also downloaded all the perfect setups screenshots, an classified for each type of PA (2bar reversal, pin bar, engulfing) so that I can have a reference of what constitutes an A+ setup.
Hi all,
i have a question.
Say we miss at reversal signal and I see the price going down maybe a quarter length down before hitting a support line. Should i be patient and wait for another reversal signal? or Can we just jump in and take whatever we can?
What are the pros and cons? any advice?
Thanks!
Iām new to the thread so take what I say with the grain of salt:
Proās: Youāre in a trade
Conās: Itās bordering on a forced trade a.k.a you never know what could happen and maybe price doesnāt go to that level. Maybe it reverses and kicks people out at break even. Being a bit late on the trade could mean you take that loss. Plus, compared to others, your stop would need to be a little more cautious, maybe lower R:R then?
Again, just my opinion, Iām sure others here could give you more pertaining to this way of trading in specific. Iām still doing my reading
Thank you sensei
Another setup for your comments, this time on Silver.
The story shows a series of Higher Highs and Higher Lows (red lines) and resistance (level taken from Daily chart (marked with a blue line)being challenged several times until a break on 22nd July. Price retracts to where resistance becomes support on the 23rd July, and then I believe a two bar reversal is forming? (help me out here, Iām not sure if this qualifies).
Waiting for a close of current candle to confirm PA formation and then will place an order above current candle close to go long. My biggest doubt is that Gold is trading just below a former Daily support level which appears to be holding (Note: potential trade short gold from Daily TF if PA forms here), and gold and silver generally move in the same direction. If gold falls here I canāt see silver moving up.
Thoughts anyone?
I am looking on this too mate
whatās up,
I have the same level marked and Iām looking for longs at the support which was former resistance. I donāt like that price doesnāt have much room to move though so depending on the PA I might just sit this one out. Youāre trading this pair based on what Gold will do? Personally Iāll trade what I see this pair doing regardless of what gold does but hey! thatās just me. Good luck!
Last 2 weeks there was a Bullish engulfing bar on EURUSD Weekly chart , the recent resistance is on 1.32000 , but how can we define the breakout of this resistance so that it will go higher? Is it waiting for a PA showing bullish signal or we just wait for daily candle to close above the resistance ?
Hey Chisha - good to know its not just me with that marked.
I work in precious metals and watch both markets. I would suggest that the pair are highly correlated so the given gold looks like its rejecting the resistance level at about 1336 and silver has been pretty weak in the last 3 60m candles I think Iāll sit it out too as the risk to any staked capital looks too great.
Iām turning my attention turns to a potential gold short on the Daily timeframe!!