Hi Johnathon!
What do you thing of this one…?
Hey Vahagn,
I don’t want top say directly that it won’t work as anything can and does happen and this one may also have bottomed out but when trading Price Action you need to get into the habbit of trading A+ signals so you win more often than not.
This is not technically a pin as it doesn’t close within the previous bar. There is a massive down move you are trading against. In markets like this I would much prefer to short.
Okay so have a look at my last trade for an example. I posted this in here when I was taking.
It was on the daily USDSGD. Notice how I am trading within the trend and the Pin Bar closes with in the previous bar?
Always when learning try and trade with the obvious trend in your favour!
Update on this one I have just taken my first portion profit of the table.
Hope this helps,
Johnathon
Hello again Johnathon
Id like your thought on what pairs you prefer to trade. The majors have the most liquidity and surely PA should work the best.
Do you have the same success with less liquid pairs?
Hi!
I have been following this PA thread with great interest.
Thanks to Johnathon and all for starting & keeping a great thread alive.
I am learning how to trade using PA, and i love it coz it keeps things simple and clean
I’m currently trading on demo (after burning fingers for 2months in live due to impatience 
until i can learn to trade profitably using PA.
What i also like about you Johnathon is that: you not only show trades in hindsight, but also post them before the action happens, and this is more real and sincere, and shows that the method works.
Here’s to effective learning and consistent & profitable trading!
Cheers
Hey Spongy,
pretty much answered your own questions spongy! Yes the majors are the bomb however the Forex market is a 3-4 trillion dollar a day market, so the other smaller pairs are still doing large sums of money!
The main factor is when trading smaller time frames as 1hr. that is when we want to be trading the majors and not the exotic but on the daily such as my setup above on the daily USDSGD it is not as important!. I watch roughly 40 pairs on 4hr and daily charts but only 15 or so on 1hr!
Safe trading to you and thank for questions,
Johnathon
Hey Dudest,
thanks for you kind words!
I plan to keep this thread going and build it for all to learn how to trade Price Action the right way! Price Action is the way, and I have come to find out many have been led down the wrong way
I will continue to post live and in hindsight as a learning tool.
Please stick to demo (ALL) as there is no reason to lose in this brilliant market of our’s that is forex as we have demo’s!
Safe trading to all I look forward to many posts to come.
Johnathon
Nice reply on changing on currency trade… How many time you can take to update the price action in the market? Help me to trade with your signals guide!
I am really sorry Elliot John, I don’t understand your question. Can you please ask again and I will reply ASAP.
Thanks,
Johnathon
Thaks for your quick reply, Johnathon
Great information in this one post! I would like to ask you how you define the trend direction and also how back are you going in the charts to define support and resistance levels.
For ex. for the trend…please, correct me if I am wrong…
On this one …down
On this one … I can’t say,
…but, if we zoom out, the picture changes. The general trend looks more on the down side. Now, considering how the price hesitates and rejects the lows from middle of July 2011 up to beginning February 2012, and having that huge spike 31st of October would you still trade to the down side or …?
Looking forward to learn from you,
Vahagn
How long will you take to update the changes on share level? Within a second or after some time… Guide me how to make the beneficial trade with the trading updates…!
And now concerning S/R levels:
On this GBPUSD pair I marked S/R levels, but it is so confusing now, so many lines…
…and another one to mark earlier S/R levels… even more confusing !
Please, could you post the same GBPUSD Daily chart with your S/R levels marked, that we could learn from. This is something I am struggling…It would be a great lesson!
Thanks on advance ,
Vahagn
GBPUSD 4H,
Is this one correct Engulfing pattern, pending from the resistance line?
Would you take it? Could you explain why you would or wouldn’t!?
Thanks,
Vahagn
p.s. I would like to apologize for bombarding you with so many sometimes maybe “stupid” questions…But I think it is in a favor of all of as in this tread to ask questions and to learn from the answers 
I’ve attached GBPUSD pair with my S/R levels as well for evaluation.
I use the line chart to plot the S/R levels, then switch back to candlesticks
( Apologies for the lack of colours, still using the basic setup… )
Thanks!
PS: the darker lines are what I consider to be stronger areas of S/R while the lighter lines are what i consider to be relevant but less stronger areas of S/R
Hi Vahagn,
You have said GBPUSD 4H but have attached USDJPY 4H :). I guess you meant USDJPY, is that so?
Cheers
Thanks a lot dodest for a reply,
but, if I may ask, how do you define stronger resistance area? Could you try to explain it, or it’s just you intuition…?!
Just curious, if there is a way to learn to see…
Thanks
Sorry, my mistake…
Yes, I meant USDJPY
Well, I’m a beginner also, so my definitions of S/R levels may not be correct, also waiting on Johnathon and others to comment.
But my definition of stronger/weaker is based on what i see as the number of peaks/troughs at a given level.
For example: on my GBPUSD chart, i have turned off auto-scroll (Chart > Properties on MT4)
-> So after switching to line chart, i do a quick scroll back in time, and see, for example, where multiple high peaks seem to coincide. I then draw a line at their peaks (approximate best fit).
-> Then i scroll back forward to current time and see if that also approximately aligns with recent peaks. The more the peaks seeming to meet at that level, the stronger i consider that area to be. The fewer peaks i see hitting that level (over the scan of time), the weaker i consider that level to be (but still relevant, especially for setting stop losses and take profits).
-> And then i switch back to candlesticks.
I have also found though, several times that i end up with too many lines 
So i’m trying to learn now to eliminate the ones landing on fewer peaks (e.g for resistance) and leave those having more peaks/troughs. Looking forward to Johnathon’s & others’ comments!
Cheers!
Hello all,
I am busy at the moment. I am a busy person and I will reply when I can. I am sure you understand my members must come first before I update here.
I will reply soon when I can and help out soon
Regards,
Johnathon
No problemo amigo
Thanks!
1 Like
