Forex Price Action

No $$$ for me since I am on demo but what do you think of my interpretation ? I mean do I see it right at least?[/QUOTE]

too be honest mate, I don’t really understand inside bars.

too be honest mate, I don’t really understand inside bars.[/QUOTE]

Glad I’m not the only one!!

glad you see it. how do you get 8hr charts on mt4?
Well by the time i can get on to place a trade the day will be over and the market will reveal itself to me mwah haha

hi,
i don’t trade inside bars but for me this is not so clear. inside bars mean indecision. it is good to trade them like continuatin pattern in strongly trending markets (Jonathon show something like this few days ago) USDJPY isnt trading. If you look at the chart right now it does’n look like good oportunity to make trades on this par.
IMHO
cheers

Sorry I formulated wrong I am [B]not [/B]looking at a trading opportunity I am just trying to see if I am able to read the market not more no less.

I mean I am not looking for an entry point just trying to see the history of the pair and where it might go

[QUOTE=“darthfrancis;541224”]

glad you see it. how do you get 8hr charts on mt4?
Well by the time i can get on to place a trade the day will be over and the market will reveal itself to me mwah haha[/QUOTE]

I would also like to know how to get longer time frames if possible please?

Hi bambino,

I see what you mean, and I understand that you still think about this from gambler’s perspective. The problem here is that you seem to question the way Johnathon approach this trade, and you really want to challenge his ‘bold’ statement. From the beginning of the trade, Johnathon has mentioned this:

“I am a professional trader and trade solely using high probability Price Action signals from very good levels alsong with strict money management and a few techniques to protect capital at all times. Most of my trading is done of the 4hr and daily charts.”

I’m a physicist myself, so naturally I am also highly skeptical about lots of stuffs. However, there are times when I do not need see the need to challenge a claim, especially if challenging it means reinventing the wheel all over again and again. I simply see the results of many traders besides Johnathon who are also faithful to his A+ trade setups. So far the results are not disappointing, and thus I decide to have faith on Johnathon’s method.

Be honest here, bambino. Do you really want to go to lower tf to check the probability of your winning trade? Or do you simply cannot restrain your gambling urge so much that you just want to take the trade in lower tf and gain some pips? Who will stop you then when you see a very tempting setup at lower tf and you decide to take it live instead of demo? Oh, I’ve seen it way too often about that excuse that it’s almost cliche when I read about it.

I also see there is no problem of taking the trade solely on D1 chart for now. There are things that I could learn by taking less trade in general. It teaches me about patience and discipline, and at the same time conserving my capital when A+ setups finally appear. I used to think like you that we need a lot more trade to accumulate profit from Forex. I was wrong. The truth is, we need a lot LESS trade to accumulate profit from Forex. Once I could accomplish solid rock trade discipline at D1 chart, I see no problem in taking the trade at lower tf, but at this point I know I’m not ready yet.

With all due respect, stop taking gambler’s excuse, folks. Instead, start building sniper’s mentality. I’ve said back then, and I’ll say it again here. Johnathon does not teach us to become a Forex trader. He teaches us to become a Forex sniper! One man’s fate comes from one man’s wait.

Cheers!

I understand EternalNewB
so for me it is all about breaking through one of these trending lines. if it breaks higher then we can expect big move up. If it breaks lower we can expect big move down.
I think.
Don’t think that I understand forex trading more than you. In fact I have absolutely no idea what i’m talking about :54:

That laughter goes with your name,lol.

I use mt-5.

Cheers

Hi bambino. You are old member so you must know we dont use trend lines or any MA. Only two horizontal line.

Cheers

This was exactly what i was talking about eternal, thanks for the visual representation bambino :wink:

when the graph shows you a pennant you cannot ignore it. its still a clear price action signal. you just wait for more confirmation on where to enter.

ok cool cheers bro

Very well said Will, less is more.

Cheers

I agree and understand.
I never want to say that you must trade everything, all timeframes and all PA which you see.
So for all [B][U]be sniper not machine gunner[/U][/B].
I wrote it bad and gave bad example
All I want to say is that even if you take 2 trades per year doesn’t mean that you will be profitable. Saying after 2 unprofitable trades that you should trade demo and not live is premature.
[B][U]Never want to say[/U][/B] that you must take 10 trades every day if you want to know your trading edge.
And Jonathon is mentor he know exactly what he do. There aren’t suprise for him. You can follow him (great idea) but cannot compare his results with yours. He is teacher he is better in this trading. Saying that Jonathon is success in 90% is great and you know that this system work but you are not Jonathon you cannot compare yourself with him. This expectations are too high and as someone who start with this metod … you should be happy that you are profitable or BE in your first trading year. You shouldn’t be confused that Jonathon’s gain is 200% and why you don’t have this too. For newbie it is too high expectation.
Hope you understand what I mean. :slight_smile:

This deathstar is never going to get built. need more credits! Oh well I guess I don’t have to cover that obvious weak point. I’m sure no one will notice…

I was just rewatching this video. Most of you must have seen it but I thought it’s good because it goes through many different situations. I especially like the USDCHF analyse when he shows when to switch from looking to go short to looking to go long.

Check it out !

Ok Afdx,
I understand. How I wrote 'sometimes little bit meticulous". I only want to reply to his question.
Next time I show only naked chart and told him to draw it yourself. it will be much more useful.
If you want to know Jonathon said that he doesn’t use trendlines but have nothing against them.
I am not old member I am here maybe 2 weeks …not so old ;).
Cheers

longer and different time frames other than monthly weekly daily and 4hr 1 hr etc.are found on MT5 and not available on MT4 (as far as I know)so why not have a demo MT5 as well.:33:

I always get surprised when I get queries about the 1-2-3 pattern, especially because it’s at the heart of how we trade (!) :slight_smile:

When price is in a swing (whether short-, middle- or long-term), we trade PA formed after pull-backs within the trend [ that IS 1-2-3 :slight_smile: ] And if you have counter-trend in your plan, the CT PA are fair game as well.

1-2-3 helps us spot potential trend reversals.

Concept:


In action: © FSO

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Cheers