Forex Price Action

[PIPOFF]

GBP/USD DAILY. :60:

Still waiting patiently.

[PIPOFF]

Gold daily.

:60:

[Forex_School_Online]

Thanks for reply , you’re right .
I didn’t notice the big rejection candle on daily time . I saw the big movement on 4h and I thought we should trade on this timeframe and don’t care other timeframes like daily but We should check larger timeframes for a trade but if we want to trade on daily timeframe we shouldn’t care 4h or 1h . is that correct ?

Thanks

Sorry mate, my mistake, I thought you were talking about the daily trade and not the 4hr chart and that’s what I was asking about. Now I have taken time to go through the previous post fully I can see what was meant and I agree with you.

[Mideel]

Hi, I want to ask again I hope I don’t make this thread dirty.

Which one is the right way to trade the inside bar ?

1. Set pending order in previous candle high or low.
2. Wait until there is a complete candle that break the previous candle high or low.

Yes, recently I read about institutional traders that target our stop losses because many traders set pending order there and put stop loss in the predictable area.

[traderamateur]

I classify it as a Pin.

Thanks for the reply Bryce. I dont usually measure wicks and bodies on pin bars, just visual assessment is what i do. However in this case i actually did the maths on that pin since i really was waiting to short at that level and was not happy when the pin was not picture perfect- the wick was not thrice the body. However I already made up my mind to do the trade if it opens reasonably well, since i do like thebearish body and the shaved bottom of the candle. Coming back to pins, would you regularly accept pins at good levels whose wicks are less than three times the body if they closed strongly in the direction of your trade just like this one?

Raj

[abc2005]

Sorry mate, my mistake, I thought you were talking about the daily trade and not the 4hr chart and that’s what I was asking about. Now I have taken time to go through the previous post fully I can see what was meant and I agree with you.

so you mean It’s a good setup ? everything is perfect on 4h but on daily TF , with this big and obvious rejection candle ,is it still ok to take the trade ?

Thanks

[PIPOFF]

Silver daily.:60:

[chisha]

All the positions I’ve been in the past 20 days have been closed in profit

[chisha]

Last week was BURNING!!

[chisha]

And finally

[chisha]

Johno
after studying this thread for a while & following you & all the seniors & reading your articles at FSO & watching all the videos. I have decided I’m joining FSO this coming week. I don’t want to be left behind NO SIR

[tonyro44]

At chisha , you will not be left behind, because your dedication to learn and go forward with Passion will not aloud .that.

Johno
after studying this thread for a while & following you & all the seniors & reading your articles at FSO & watching all the videos. I have decided I’m joining FSO this coming week. I don’t want to be left behind NO SIR

[forbiden]

Hello traders, I wanna complimentary that from today I’m member of FSO.

[chisha]

Thanks Tonyro44!!

At chisha , you will not be left behind, because your dedication to learn and go forward with Passion will not aloud .that.

[chisha]

Hello traders, I wanna complimentary that from today I’m member of FSO.

That’s cool, I’ll see you on the other side in a few days.

[EternalNewB]

Guys this thread is going too fast and if I want to make it to FSO I need to make some money first

Can anyone care to give me a second opinion on post522628 page 1108 ?

and also what is a 2bar reversal ?

thanks

[PIPOFF]

@abc2005

we’ve a 2bar reversal on 12h

So we have two confirming signals 12 hr two bar reversal and daily pinbar.:60:

[Spongybob]

@PIPOFF

So we have two confirming signals 12 hr two bar reversal and daily pinbar.:60:

IMO thats more an indecision bar on daily and not a PIN because of the lower wick. So a nice strong up move to resistance and now traders not sure where its going or some profit taking before weekend. The previous bar stands out more than the indecision bar together with the other factors makes it a big NO trade for me.

Just my opinion

[Panupat]

Guys this thread is going too fast and if I want to make it to FSO I need to make some money first

Well EternalNewB. I’ve lost thousands in a single trade before. That’s like 10 times the FSO fee Really, I’d rather spend those money educating myself.

And my newbie opinion on your charts…

EUR/JPY - That’s a tiny tiny tiny little candle. It’s not a pin bar, but even if it is, [I]size[/I] does matter. Choose one that is large and obvious.

GBP/JPY doesn’t have any signals that I can see. If you’re looking at the last candle, again it’s very tiny.

EUR/CAD actually looks good.

[abc2005]

HI
I’ve a question .we spotted a trade on gbp/jpy . I remember mr johnson said (not very sure) that he doesn’t trade monday morning till the European market opens .
correct me if I’m wrong ,so we shouldn’t place the pending orders during the asian session and we should wait until Europe market opens and then we place the orders.
is that correct ?

Thanks