Forex Price Action

[QUOTE=“sarbualex;520615”]What do you think about the BUEB formed on EUR/AUD DAILY.
<img src=“301 Moved Permanently”/>
Is it a good trade to go long?[/QUOTE]

I have three AUD trades on my watch list, but have gone for AUDCHF instead of EURAUD or AUDJPY

[QUOTE=“Matthgm;520622”]

I have three AUD trades on my watch list, but have gone for AUDCHF instead of EURAUD or AUDJPY[/QUOTE]

Hey. Do you mind sharing your entry and tp prices for your audchf trade

Thanks!

[QUOTE=“aujla17;520627”]

Hey. Do you mind sharing your entry and tp prices for your audchf trade

Thanks![/QUOTE]

No I don’t mind, but please consider I am a novice at this so don’t take it as a trade to be followed.

Entry = 8409 (half spread plus 5 point buffer)
First target = 8277 (basically previous swing low)

Order not filled yet so will se what happens in the morning

[QUOTE=“Matthgm;520629”]

No I don’t mind, but please consider I am a novice at this so don’t take it as a trade to be followed.

Entry = 8409 (half spread plus 5 point buffer)
First target = 8277 (basically previous swing low)

Order not filled yet so will se what happens in the morning[/QUOTE]

Awesome thank you

My order pending is similar

This trade is a good trade because it is with the trend. It happened at a key resistance level. And a good PA formed

I had a previous pending order on this trade from last week but I closed it due to the weekend and I did not want to leave a pending order open. However my entry is now very close to yours and my to is only 40 pips as I am just practicing my entry points right now if that makes sense

Yeah I’m in these trades too. :slight_smile:


1 is a 2Bar.

2,3 and 4 are the respective Resistantce(there are more) however i think that the reversal is really strong that 2 is not as significant. What do you guys think ? im in the trade at 0.80437 (SHORT).

Jack.

Heya West,

great to have you with us. I am pretty sure you have come from somewhere else with some other ideas about price action, because to be really honest with you and as kind as I can be you are putting up some signals that will get you in some trouble.

This one here for example is an inverted pin bar sitting at the top of resistance. It is not a bullish pin bar. To be a bullish pin bar it would need to be down at a low. Pin bars are reversals. This is explained at length in the first 50 pages of this thread which I don’t think you have read…? Whilst of course this can work out can you see that if you are to enter this pin bar you are entering smack back into a major resistance area? When you enter Pins that are not at the correct swings like this one you will always be entering into major support and resistance areas.

Pin bars should always be sticking out and away from all other price. You will find this is the same with everyone who has everyone who has ever written about the pin bar. The only difference is some people are more strict with the rules and some people will chop and change and make any candle they want to be a pin bar where as we wont do that because we know that overtime as real traders that you simply can’t do it.

The same with your GBPUSD BUEB. You are playing it from a high. It needs to be at a low. This is explained through the first lot of pages. If you want more help inbox me any questions and please read the first lot of pages.

Johnathon


TP 10%, BE. Really quick action today. lol

good job jackson,:35::35::35:. i missed this one when have breakfast, really quick action. waiting for the next train when the price pull back…

I can’t open this trade because I have trades opening. ><"
It’s ok, at least I learnt how to control my emotion and be discipline instead of greed XD

Hello everyone, It’s good to be back. In my first post back, I wanted to say that Johnathons method is by far the most consistent and solid out there. I have tried quite a few things floating around in the price action sphere, but what Johnathon teaches does produce the most consistent and solid results. My growing Forex account is a testament to that, so thank you Johnathon.

I also wanted to post a few trades that I am in right now. I am currently in 4, all of which are in winning positions right now, but I wanted to post the 2 main ones I see a lot of people talking about. The first is the NZD/USD which I entered on both an 8 hour and daily PA signal. The next is AUDCHF which I entered on a 2 hour and daily signal. SL, Entry and TP are in the charts.



1 Like

Glad to see u back! Gd trades! Did you increase positions on second entry?

Haha thats v gd!:slight_smile: Which other opening trades you have?

Thanks alot man! Haha! However Johnothan dont suggest Reentry once the price has went off i understand you correctly. Wait for the next set up is better :slight_smile:

CADCHF and AUDCHF

You can actually open another trade that’s not related to the current pair you are trading and you are splitting the risk thats why you opened two CHF pairs right?

Yes, I did about half of my maximum risk on the first entry and another half on the 2nd entry, so now I am at full risk on that pair.

Oh i thought ur 1st entry is full risk and second entry is extra risk lol

There is no 2BR on 2 Day chart or any other valid signal, just a bearish rejection candle on Daily chart that went along with other NZD pairs, but gratz on your profit! :slight_smile:

Yea I split the risk for the 2 trades. I think I should consider non related current pair to trade, but must keep in mind that don’t get to overtrade