Anyone spots a good trade setup to enter? I tried just now with no luck… At least not to my untrained eyes
i got today 50 pips on H4 EU PB…
try look at that if that setup still valid and can generate some profit…1 hour 15 minutes till 4H GJ new candle, lets see if it make 2BR pattern…
Worked out brilliantly 
I took the same trade yesterday. The only difference is that I didn’t manage it so aggressively and got stopped out with a loss.
Hi Johnathon,
You’re right, price did reach the next logical intra-day support, then turned around. Trade management was my problem.
Thanks for pointing it out.
BR,
Dudest
Hi All,
Just wanted to check your opinion on EURAUD Daily chart. Do you think the pair can still recover ? I entered on the break of the bullish engulfing. I guess it’s against the trend and maybe a bit too small.
Cheers,
Very much so, thank you
Its not over yet! : )
I went long on this as well and felt quite good about it. Be interested to see others thoughts about it…
As long as it didn’t yet hit the SL yet it is still a valid trade (as long as you have smart SL placement). It also has stalled for the last few hours which means there is a “good” chance it’s getting ready to reverse. If it does decide to go back up I’ll be looking to take another long (as long as there is valid PA) with hopefully a much smaller SL off the 4H.
That’s my take. I’m not a pro by a long shot haha and could be completely mistaken. Besides that there is always going to be losers (I’m still working on incorporating this fact into my stubborn mind). I hate to lose in anything and unfortunately that translates over into this sort of thing as well. Every time I lose a trade I can’t stop thinking about it for days and it makes me pretty ill tempered which is really not acceptable. Unless of course I lost because of greed, error, revenge trading, etc… then I have reason to be ticked at myself.
Hey guys
I personally only trade the 4H TF, having said that I demo traded these two pairs from the daily setup. I am now looking for big PA in direction of daily on the 4H TF, so to answer your question yes I hope it turns.
Cheers
Hey teb5108
I used to be like that too, every loss I almost wanted to quit trading. Once you confident in your system, you then have an edge. As long as you stick to your rules no matter what your edge is going to make you a winner at the end. Take Johno for example, If you look back before I joined him in here, I was posting nearly all posible PA trades, since joining Iv made 7 trades. Its not many in nearly 2 months, but iv only lost 1 trade.
My mind set has completely changed and thats because im confident in my system (well Johnos system) haha.
Some food for thought.
Cheers
If I could like this post 100 time I would!!!
Awesome!!!
This is what I am talking about!!!
Just great!
It’s all about waiting and picking your trades and then pouncing and cleaning up!
Great job and keep up the great work!
Johnathon
Hey guys I’m just curious how all of your AUDJPY trades panned out from last week? Mine missed the TP by 5 pips and came back to break even. Right now I have my eye on some of the JPY pairs (specifically GBPJPY) for another short. CAD and AUD are looking promising too.
GBPJPY 4H
Pass on all. AUDJPY looks alright, but doesn’t really stand out.
I was also hoping for another long on EA, but it looks like it still cant make up its mind on where to go. We’ll see in another 4 hours, 8 hours, 12 hours or, well, you get the picture…
I’m sitting on my hands as well. By the way it’s quite an achievement for me as not so long ago I would be entering trades just for the sake of it.
Would it matter if it is?
good signal of go short?
NZDJPY isnt a valid pin bar signal for multiple reasons imo;
1-is in the middle of a range not at a key s/r level
2-isnt big and obvious relative to the bars surrounding it
3-doesnt stick out from the surrounding bars
4-if went short would be trading straight into a resistance area