Thanks a lot guys.
I’ve opened it with Chrome as Kasravi suggested.
Besides, I bookmarked the youtube channel for videos.
Have a nice day.
[QUOTE=“wm247;533008”]Agree for most of your statement, but not necessarily for the SL distance, krug. If you guys watch the very first video from Coach J himself in this forum, you will see the elegance on having the first setup in your trade. 
Piping Hot, have you read the first 50 - 100 pages on this thread? Believe me, that’s really the fastest way to jumpstart your Forex success rate. 
[/QUOTE]
I think my statement still stands true. In that video Johnathon had to used advanced stop methods to make the trade practical to take. But it still increases the risk of a trade not having your stop on the opposite side of the S/R line. I still like the first setup because as it still puts your SL in a safer position without any tweeking.
I also use the advanced stop loss methods quite a bit in my trading, to make some trades practical. But it is still “safer” using the entire distance of the candle and placing your stops comfortably behind the SR line. Depends on your risk appetite at that moment, which mine at the moment is not high, lol.
Hi Everyone,
Trade Ideas worth enough to look at:
Sgd/Jpy Weekly chart Pin bar,
(there are weekly pins on most yen pairs,this one looks tradable to me)
Market structure is debatable,but I see lower highs and higher lows,you may call it a rather bigger consolidation.
(A triangle you say? You may very well think that,I couldn’t possibly comment :21:)
Eur/Nzd H12 Pin Bar,
(also visible on the daily chart)
Looking at the daily chart ,you’ll notice that pair is in a perfect range since June this year.
However the daily pin might not look so convincing with it’s long upper wick,but H12 pin even with two tiny traffic bars to it’s left is still sticking out.
Cheers
I was looking at the same chart but my SR is marked above yours. Mine is marked at 1.64. So for me there is a resistance just above. So no go… I will be clearly watching it from sidelines.
[QUOTE=“Kasravi;533115”]Hi Everyone,
Trade Ideas worth enough to look at:
Sgd/Jpy Weekly chart Pin bar,
(there are weekly pins on most yen pairs,this one looks tradable to me)
<img src=“301 Moved Permanently”/>
Market structure is debatable,but I see lower highs and higher lows,you may call it a rather bigger consolidation.
(A triangle you say? You may very well think that,I couldn’t possibly comment :21:)
Eur/Nzd H12 Pin Bar,
(also visible on the daily chart)
<img src=“301 Moved Permanently”/>
Looking at the daily chart ,you’ll notice that pair is in a perfect range since June this year.
However the daily pin might not look so convincing with it’s long upper wick,but H12 pin even with two tiny traffic bars to it’s left is still sticking out.
Cheers[/QUOTE]
Hey kas, thanks for sharing. I’m going to be firing up meta trader in a few hours as well to see what’s coming up this week. Quick question though…I see in your eurnzd daily chart in mt4 you only have a couple pairs open and they are all set at the d1 TF. How do you find setups on the 8hr and 12hr periods? I know how to use the period converter script and open charts offline, but, was curious as to how you do it. I was going to literally have about 5 charts open in mt4 for each pair:
1x 4hr chart to find 4hr setups
Off the 1st 4 hr, use the script to make an 8hr chart to find 8hr setups
Open another 4hr, and make a 12hr (because u can only make 1 unconventional TF per “base” chart)
1x daily chart
This seems so convoluted just to find setups…I spent hours trying to find a broker who:
…Offers accounts to us clients
…uses meta trader 5 (mt5 is beautiful and you’d only need one chart open per pair…you could right click and change to almost any time period you want right on the chart itself…)
…servers are on ny close
…doesn’t require a big account minimum deposit
But they are non existent…very frustrating
Hey Bigcheefer,
Wow you noticed that?
I post daily charts from Mt-4 Pepperstone and intraday charts from a Mt-5 account. Thus I flick through H12,H8,H6A and H4 easily,without needing to creat offline charts.
Cheers.
[QUOTE=“Kasravi;533141”]
Hey Bigcheefer,
Wow you noticed that?
I post daily charts from Mt-4 Pepperstone and intraday charts from a Mt-5 account. Thus I flick through H12,H8,H6A and H4 easily,without needing to creat offline charts.
Cheers.[/QUOTE]
What broker do you have that offers an mt5 account and uses ny close? Is it a live account so you can trade off the charts? Thanks for the reply!
If only MT5 also has D2 chart, that will be perfect.
BC30, you may check RoboForex for MT5 NY Close chart. Good luck! What about your MT5, Kasravi? Which specific broker you are using now?
Here is an Idea for you;
You could open an Alpari UK Mt-5 account. Here is a link for Deposit and withdrawal fees and FAQ;
Transaction comparison - Account Management - Alpari
FAQ
Withdrawal Fees | Withdrawals | Accounts | FAQs | Alpari UK
Hope that helps.
Cheers
[QUOTE=“Kasravi;533149”]
Here is an Idea for you;
You could open an Alpari UK Mt-5 account. Here is a link for Deposit and withdrawal fees and FAQ;
Transaction comparison - Account Management - Alpari
FAQ
Withdrawal Fees | Withdrawals | Accounts | FAQs | Alpari UK
Hope that helps.
Cheers[/QUOTE]
I’ve tried alpari before but they only offer mt5 as a demo account to us clients. Mt5 live accounts are offered to uk citizens and I’m here in the us unfortunately. Thanks for trying to help out though…I’m not sure where there servers are based b.c. I couldn’t find any info on their site. I think I may need to just find a broker who offers a demo mt5 account to us residents on ny close and use a demo to find intraday setups…bleh…
This is turning into a broker thread and starting to get way of track…:34:
C’mon guys lets get it back to price action. The occasional convo on charts is okay, but the last week has been two thirds about brokers and really starting to get tiring.
Lets get back to what this thread is here for…
Suppose so, sorry I couldn’t help.
You could buy a property or let a place in the Uk, not really conventional though.
Any Ideas about the charts?
Cheers.
Sorry about that Coach, but maybe you could modify the very first page of this thread a little bit so it also includes your recommendation on MT5 NY Close chart brokers, just like what you’ve done there for MT4? :33:
In the mean time, I promise I’ll stop this MT5 discussion before it goes out of control. :23:
[QUOTE=“wm247;533169”]Sorry about that Coach, but maybe you could modify the very first page of this thread a little bit so it also includes your recommendation on MT5 NY Close chart brokers, just like what you’ve done there for MT4? :33:
In the mean time, I promise I’ll stop this MT5 discussion before it goes out of control. :23:
[/QUOTE]
I agree it is a bit off topic, but I think that it’s important we are all looking at the same charts and not confusing one another ya know. I’ll pipe down on the broker talk though :)…
Putting in my 2 cents, i think is a good idea to stick with one form of platform because it puts everyone on the same page. that would take the confusion out of the discussion,NY closing is great thx. .
I see what you are looking at.
Here is what I identified,
Eur/Nzd latest swing was on 19.aug @ 1.6320…
However 1.6400 acted as a support before prev swing low.
And the massive 2Br on 10.jul rejected ¬1.6240 area which is where this pins lower wick lies now.
Essentially I don’t see the indication of this range been broken or the support band of 1.6400-1.6240.
Not only that but a Setup occurs exactly in that area of interest.
I imagine Peers, and I ,would appreciate Comments that gives transperancy regarding Eur/Nzd’s current state in terms of S/R and Setup validation.
(in other words,let us hear YOUR Perspective)
Cheers.
SGDJPY- My broker does not offer this pair.
EURNZD- 12HR / D1 PB
Here’s what I see:
12HR chart zoomed out:
12HR chart zoomed in:
I agree with boynep on this one. First I draw my KHL’s (key horizontal levels), then look for PA. Following that method, I see this PB forming just beneath 1.64 level.
Hey Kas, while I’m pretty much on board and can clearly see exactly what you are saying, this does not seem like the highest probability setup.
My KHL is @ 1.63595.
If you draw a HL @ 1.64 I see this level as being even more significant than my level. This leads me to interpret that if I were to go long, I’d be trading into two key levels above me. I’d rather sit on the side lines, and watch to see what happens around this zone. Let people go long, get stopped out, so price could retrace and we could look to go short. The last 25 candles have been in a strong down trend (toward the bottom of the range).
Kasravi my support line is where yours is. I’ve been watching this market for a couple of days and waiting for PA to go long but I’m not sure I’m going to play this.
It looks like a lot of pairs that I’ve been eying are getting close to key areas I’d like to make plays from so I’m pretty chilled out.
