Hi Jonathan, sorry to interject, and I agree with you conceptually of course, but are we talking about the AUD/JPY Daily bar from Tuesday this week? 24th April? I think that that is the one that others are discussing, but is it really that small? It looks about normal to me, some are larger, sure, but many are smaller. Or am I missing something? Sorry to butt in and take things down a blind alley, just feel I must be missing something.
Thanks,
ST
No. Not talking about the setup. I am talking about someone saying Price Action is small and then asking about it. I was then simply stating if someone already thinks a particular trade has a downside then it canāt be A+. If it canāt be A+ they should not be trading it and if they do they have convinced themselves to make a trade even though they could see faults with it.
Yeah Simon I think he is. Actually if you like at some of those Bearish candles since mid-march they look kinda big compared to that PB discussed. And if you actually look at some of the PBās they have crushed on the way down they have been very similar in size to the one now in question.
To halt such a strong bearish move like we are in currently I would want to see a PB of a similar size of the bearish candle on the 10th of April.
Cool, I get that, thanks for clarifying. I obviously agree with you about needing certainty in trade selection, was not quibbling that.
Okay, thank you for clarifying that, I get the idea, just still donāt agree that the bar is that small - itās 115 pips or something, I trade this Pair a lot and they come much smaller than that - most of the strong move up since late November has been through similar-sized bars; I know that we have had a sell off recently, this Pair doesnāt much like the 88.0 (ish!) level so that is no surprise, but Price treble bottomed on the 240, few other Support factors kicked in, so to me weāre currently sitting in mid-range congestion rather than necessarily looking at a continuing fallā¦ but Iām digressing, I just wanted to check that I was following the discussion and not missing the whole point, we donāt need to agree on what constitutes a small bar lol. Thank you for the prompt response.
ST
No worries, I do see where you are coming from and I will trade 115 pip PBās myself on occasion but when looking at this set-up where we trading against what I think is some fairly aggressive mid to short-term momentum I would like to see something of a larger size to compel me to go long against this strong Bearishness.
That and it is not trading from a strict swing low. But each to their own.
First of all, I would like to Thank for the comments!
It is greatly helpful and interesting.
My answer from indo-ivestasi forum could analyse from all new different ways.
Hello
Iām grateful for you to come here.
First and foremost is the price action that I use but not only.
There is also money management is extremely important.
But first of all we must understand what the market is and how we can make lots of money here.
Market is simply buying and selling. Let us understand the factors that lead to buying and selling. There are factors that part of the masses at certain points is identified as areas of stress, greed and fear. Are essential.
Iāve given a look in his comments in babypips and on their website. And I respect any opinion. What was attempted was to know how you approach the markets.
I noticed in the areas of support and resistance candlesticks, also I have identified their areas and times: all over 1 hour (all the standards that is above 1 hour are also reflected in the times which are lower in the conduct of buying and selling , everything is identified, it is a matter of perception and the way you see a graph, which goes beyond a mere reflection of the price.
Because most important is to identify the area where there is a likelihood of mair very important decisions, step up and buy when it expects to buy after us, for profit, works well and will continue to work, because humans are predictable).
You could even offer your system, but if people are not determined and focused on putting in does it work never had generated profit.
Because peopleās thinking is predictable, especially in forex where the psychological level is extremely important, you can check the average number of people who make money consistently and see the difference.
Do not just be good, we must be excellent and extremely focused for success.
You can offer but in this case market your course, see if people are not targeted and focused to win, even with its course could change that.
My idea of āāwhat the market is, and how to benefit from it is much more extensive and complex as Iāve been commenting here in the forum, and I am in appreciation for you comment here.
Hi Bitizhu!
If you did take it, Iām happy for you that itās gone lower (and Iād quickly move SL to breakeven if i were you)
But that actually wasnāt a valid BEEB.
Cheers
Thanks Dudest!
I did not take this trade, the candle did not look convincing.
And have to learn more about the PB and EB.
I will keep reading posts and studying charts.
Regards
Hi Dudest!
A newbie opinion.
EURGBP looks good to me.
Risk 45pips and Reward 45 pips, approx
GBPCHF nice too.
Risk 75 and Reward 85, approx.
But the entry is on 1.7000.
Both were rejected of an important Support and Resistant levels.
But! Both are against the trend(Daily).
Hereās how Iām looking at it (using EURGBP as an example)
=> On the Daily, weāre looking for price to retrace to resistance so that we can go short with the trend
=> On H4, a BUEB has formed at swing low (previous S/R area) that could trigger the climb up to the same resistance (swing high) at which weāre looking to go short. ( PS: had the bueb closed within the previous candle, it would have been a pinbar )
What about USD/CAD 1H BEEB??
Sorry cant post chart ATM.
Hello Ang101!
USDCAD 1H or 4H?
Isnāt it sitting on Support?
Hi Dudest!
NZDUSD, I have moved the SL to BrakeEven.
How about you?
Sorry Ang, I donāt look at H1 chartsā¦
On H4, Iām looking for it to climb to resistance in order to go short.
Cheers
Hi Bitizhu,
Unfortunately I missed it 
but thereāll be others
PS: if Iād taken the trade, Iād be out with full profit by now; the USDs are hitting resistance levels, wouldnāt want to be caught with them beginning to fall
[ NB: this is NOT trading advice, simply my opinion; it could go any way ]
I did TP at the round number.
