Forex Price Action

[Kasravi]

Hi all,

Anyone still on usd/Chf short position?

Cheers.

[Kasravi]

@Kasravi

xxx/Jpy trade ideas.

Gbp/Jpy H4 2BR
(hasn’t quite touched down but came very close)

Cheers.

Anyone still on that?

I am taking half the money of the table and go BE, a breakout is still a possibility.

Cheers.

[davei1985]

Hi all,

Anyone still on usd/Chf short position?

Cheers.

i’m not on it but i am watching for price action to go short at around .92866

[wm247]

The other thing is that anyone who has been trading for a while will now know is that trades tend to come in waves and it is all about saving your cash whilst others burn theirs and then striking. There will be quiet periods in the market where the market does not much. This is the number 1 period where the trader is likely to lose their money. This is where traders need to save their cash and sit in the corner watching as other traders post their trades in here and losing their money knowing that a bunch of trades come in waves because they always do like we have just had. This is how traders who trades a lot less can make a lot more. They watch through the quiet period when the market is ranging and bopping up and down as other lose money. These traders who lose during this period have to then play catch up. When they are then playing the good trades they are only recouping losses to get back to break even, [B]where as the other traders who have sat patiently smoking their pip can strike and clean up[/B].

Some food for thought after these next few trades end in the coming days…

Johnathon

I don’t know with you guys, but visiting Johnathon’s house and [B]joining him smoking some pips[/B] sounds like a plan for me.

Sorry, Coach… cannot resist it! :51:

[darthfrancis]

@jackson905

Hi,
Welcome on board! Sry forgot to mention that on the previous post.

Anw this is a example of a GOOD Engulfing bar

And yes, engulfing bar’s wick has to engulf the previous bar’s wick as well.

For the record, there will be about 1-5 A+ setups a month on Daily Timeframe. So we have to be patient waiting for them.

Besides, a good start will be for you to read finish first 100 pages of the thread. You will find most of your questions answered there.

Welcome again!

Jack

thanks Jacks.

That one has been keeping me up! yeah I am working on it page 22 so far. only 1233 to go…

[darthfrancis]

I’m naked… I’m finally naked!

[bigcheefer30]

Does anyone that participates @ FSO have a myfxbook account?

[chisha]

I’m still short USD/CHF.

Hi all,

Anyone still on usd/Chf short position?

Cheers.

[Kasravi]

Eur/Gbp H6 Pin bar,

I saw this setups has been mentioned as a H4 pin bar a few pages ago,I would like to discuss it more in depth.

Cheers

[EternalNewB]

I have been eyeing this for since noon but I don’t know how to set my TP …

also the lower shadow is a bit bothering me and add to this the support at .8357

[bigcheefer30]

@Kasravi

Eur/Gbp H6 Pin bar,

I saw this setups has been mentioned as a H4 pin bar a few pages ago,I would like to discuss it more in depth.

Cheers

Good spot, thanks for sharing. Here’s my chart:

PB body didn’t close within my previous. My broker uses EST, not sure what Alpari runs. Would have been nice if the body was a bit closer toward the low…

[EternalNewB]

*** Nothing sorry ***

[adamjn]

@Kasravi

Eur/Gbp H6 Pin bar,

I saw this setups has been mentioned as a H4 pin bar a few pages ago,I would like to discuss it more in depth.

Cheers

Seems like a good setup on the H6, resistance at 0.8400 is where I have my line too Looking at the daily though, I would be expecting a move higher before a move south again, whats your view boss?

Cheers,
Adam

[Kasravi]

I have been eyeing this for since noon but I don’t know how to set my TP …

also the lower shadow is a bit bothering me and add to this the support at .8357

Hey eternal,
about the pin bar:
I understand as long as price has closed within 1/3 of the direction of an anticipated move,the lower wick is valid.
(sounds a bit confusing,but isn’t really)

Good spot, thanks for sharing.
PB body didn’t close within my previous. My broker uses EST, not sure what Alpari runs. Would have been nice if the body was a bit closer toward the low…

Hi bigcheefer,

As long as your pin bar closes within the prev. candle’s range you are safe(pin is valid).

Cheers

[Kasravi]

Seems like a good setup on the H6, resistance at 0.8400 is where I have my line too Looking at the daily though, I would be expecting a move higher before a move south again, whats your view boss?

Cheers,
Adam

Hi Adam,

Let’s have a In-depth discussion about this setup,

Why does it have to go higher?
Didn’t it move back to where that bearishcandle started?
What you recon?

[bigcheefer30]

Hey eternal,
about the pin bar:
I understand as long as price has closed within 1/3 of the direction of an anticipated move,the lower wick is valid.
(sounds a bit confusing,but isn’t really)

Hi bigcheefer,

As long as your pin bar closes within the prev. candle’s range you are safe(pin is valid).

Cheers

Ah- why was I under the impression for a technically sound PB, it must open/close within prev candle body. Thanks for the clarification.

[EternalNewB]

Thanks again, i am targeting TP at .8247 does is sound ook?

[Kasravi]

Thanks again, i am targeting TP at .8247 does is sound ook?

That pair is somewhat at a critical level,Eternalnewb.
I suggest we discuss it here and come to a conclusion why we should or shouldn’t take it.

We have all the same information in terms of PA setup validation. What I seek for is not a gut feeling telling you to trade or to stay on the side line, but rather a sophisticated analysis from all Peers.
If I may suggest so.

Cheers

[EternalNewB]

That pair is somewhat at a critical level,Eternalnewb.
I suggest we discuss it here and come to a conclusion why we should or shouldn’t take it.

We have all the same information in terms of PA setup validation. What I seek for is not a gut feeling telling you to trade or to stay on the side line, but rather a sophisticated analysis from all Peers.
If I may suggest so.

Cheers

Sir yes Sir clearly understood

will patiently wait for input of more experienced traders

[Kasravi]

Sir yes Sir clearly understood

will patiently wait for input of more experienced traders

You know, there are trade ideas from time to time that we all agree on, and it almost always plays out.
If memory serves me there was that latest 2br usd/chf short trade or that huge pin bar on Gbp/Cad 4 hourly chart or those gold trades mostly also posted by Johnathon himself.

Hence, like in politics trading PA is better in a group rather than being a lone wolf.

Cheers.