Forex Price Action

[QUOTE=“VVizlan;517224”]

I took this trade :slight_smile: My entry was based on another method… hehe.[/QUOTE]

Haha, awesome! Harmonics and PA working togherer! Good job! :wink:

Hallo Mideel, and welcome!

Good job on starting to go through the thread.

The PA signals ( & method ) that Johno teaches aims at taking ONLY high probability trades, with a high chance of success.

Your statement - “because I thought Forex is about probability and not about keep getting success” - contradicts itself. High probability trades have a high chance of success (thus are like to “keep getting success”).

Success with price action trading is attained by trading like a sniper, not a machine-gunner.

All the best as you soak in the concepts as you read through the thread!

If I misunderstood your question, please holla back and correct me.

Cheers!

Hello Guys.
What do you think about this one?
AUDCAD Daily


A Pinbar With the trend, at a swing high, at the resistance, if i´m not mistaken…
Entry would be 10 pips below the lowest point of the pinbar, SL 10 pips over the highest part of the pinbar.
2 positions first one, take profit a few pips over the support, at 0,9245, second one, to let it run following with a sl.

Signal looks good to me, but i still have a lot to learn so… any opinion will be welcomed!!
Thanks!!

[QUOTE=“ivan7342;517281”]Hello Guys.
What do you think about this one?
AUDCAD Daily
<img src=“301 Moved Permanently”/>

A Pinbar With the trend, at a swing high, at the resistance, if i´m not mistaken…
Entry would be 10 pips below the lowest point of the pinbar, SL 10 pips over the highest part of the pinbar.
2 positions first one, take profit a few pips over the support, at 0,9245, second one, to let it run following with a sl.

Signal looks good to me, but i still have a lot to learn so… any opinion will be welcomed!!
Thanks!![/QUOTE]

Hey,
I have set the pending order with exact same parameters except TP which I set at 0.9225,
Hopefully it plays out as planned

Hello,
I was reviewing my daily charts and noticed a 2Bar reversal on CAD/CHF daily. I’m not experienced with 2Bars, but combining previous 2 candles on a 2day chart seems to be making a nice Pinbar. What do you think?


Hey there,

My level was at 0.9400 and I would have taken the trade if that PB closed more commanding than it did, it barely closed below 0.9400 resistance level (which is also a key horizontal level), if it closed lets say like 10 -15 more pips lower, I would have set my pending orders at the break of the PB low.

AUD/CAD D1


Richard

I should really start trading Oil for a living, haha!

Price came down to the support and when i woke up today i saw something that looked like a nice 2 bar reversal setup once again on the 4 hour chart even though the bearish candle did not close near the low. But i thought those 2 candles would form a nice pin bar on the HTF and switched to the 8 hour chart which i normally never look at. And voila, a perfect pin bar at support. Did not get the best entry but both positions are up 60 pips right now.



That’s a great Pin Bar, exactly the one we are looking for, awesome trade mate! :slight_smile:


This pair is ranging with a nice two bar reversal.

Enter at break, Break Even at FTA.

Jack

The GBPAUD is getting close to previous resistance which now should act as support. Watch out for a possible PA to go long.


What do you think of EURCAD H4 forming a BUEEB at support level to go long :

EURCAD 8hour pinbar at support level.



Nice setup any opi.

Really nice setup. Got my entry orders in place. Thanks for the heads up on this one.

TP1 is set at 1:1 risk/reward ratio at next resistance. Trailing stop on T2.



Whilst I have not exactly agreed with some of your other setups, this is an example of an A++++ False Break Pin Bar!

Super dooper dooper setup mater. This is an textbook setup and something all members in this thread should copy and look at as a very high probability post. These false break pins are my all time fav setups.

Print this setup out and stick it next to your computer!

Johnathon

The reason the method is high win rate is because we don’t take every setup we see! The idea of Forex is not to be accurate, the idea of Forex is to make money -Period. It does not matter about success or win rates or whatever, at the end of the day all the matter is the money made.

Our particular method concentrates on picking the best setups and concentrating on high probability setups which gives up a high win rate. If we then start to play rubbish setups our win rate will go down and so will our capability to make profits.

Johnathon

I go to say this was a super ballsy trade. A small BEEB straight against the recent trend and straight into the near support and not only did it come off for you but it smashed lower!

Well done this time, but please don’t continue to push your luck for too long like this…


Hi, this is my second post in this thread.
I just opened a position based on your strategy recently on usdjpy pair with 0,01 lot in Insta where 0,01 lot equals to 0,01 $ ( 10x smaller than normal brokers ) for training with price action, and I just liquid it and got around 30 pips.
I’m not sure if I took a wise decision even though the result was good since this is my first time trade with price action, and I didn’t even know when to close my position or where to put take profit and stop loss, I close it because the price returned back to my original position because of bullish pin bar after got around 30+ pips, so I was quite nervous and closed it.

Is this a pin bar ?
And I put the green line as take profit after some time I opened the trade and bullish candle showed up, but I changed my mind and just liquid it.


And I used old support around at January as the red line of resistance, I’m not sure if its valid resistance…


Hello Midel and welcome!!

The best thing you can do is move from the live account and sign up for a free demo account with whichever broker you like. With this demo you can then use them to work our and practise everything you need to work on such as how to place positions. You should not be getting into trades and not knowing when to close a trade or not knowing where to take profit etc It is completing understandable not knowing those things, but you should not be on a live account with live trades on and then trying to work out the answers to those questions…

As for the setups; I am not sure what the two pins are. Which one was the Pin Bar you were trading? Which setup did you take or which Pin Bar were you working off? Are you aware of money management? Did you do position sizing? How many pips was your stop?

Actually I’ve been trading for around two years, but I have never traded with price action like this before
Usually in most strategies that I tried there are obvious rules when to put the take profit or stop loss etc, but I haven’t get lot of information on how to put take profit in price action yet because I just read your thread at around 25 pages, even though I put the stop loss in the top of the bearish pin bar candle ( if its really a pin bar candle ).

And don’t worry about my real account since I only put around 20 $ in it, with Instaforex lot that are 10x smaller than other brokers, I’ll have around 2000 pips as defense if I only use 0,01 lot.

And here’s the bearish pin bar candle that I was talking about …



Do you think it would even be possible to program an EA for price action trading…? Personally, I don’t really see how it could be done - not that I have any programming experience at all though! But, how do you tell a computer what a pinbar at a support level is, for example…?
Maybe it can be done, but I haven’t ever seen an EA work like that before :slight_smile: