The definition of insanity is doing the same thing over and over expecting different results… I must’ve been insane then… lol. Pain can snap us into awerness of this reality. It took me around 5 months of pain before writing and sticking to a trading plan.
As a side note, I must clarify that antabuse is not an effective cure for alcoholism 
[QUOTE=“krugman25;544849”]<img src=“301 Moved Permanently”/>
I wanted to post a chart illustrating what I was talking about earlier. There is some fairly strong overhead resistance that goes back 6 months and has been a key area where price has reverse to the downside. I’m not saying don’t take the trade or that it is a bad trade, just be mindful of this area in your trade plan.[/QUOTE]
Thanks Krugman, that’s the area I was talking about.
nope don,t like it too much crap to the left,not on your 4hr chart, looks like could be promising on the daily though if we get a valid signal.
thts a good one. im in too! stop loss at 107.30
yeah there is PB on the daily CJ chart but preferred the setup on the 4hr. True about the traffic but 9/10 there’s traffic.
Well I’m dancing with the devil now and only time will tell.
Appreciate the response though.
Good luck to you too bizzaro
What ya’ll guys think of the AUD/CHF H4 chart, the 2Bar-reversal to go long, it is obviously counter-trading :
looks good! bounced off support level.
NZD/ USD 4H. Waiting to enter the trade above the BUEB.
didnt monitor this. but i would have entered on the pin bar
In my opinion its not BUEB because its not engulfing previous candle totally(see low of both candle)
Also too much traffic.
I prefer price cross down support line and retrace to go short
Hello,
Do you agree if this stays as it is for next 2h15 min, this could be a very solid setup ? Note that the upper srline is rather conservative as I could as well aim for 134.5.
EURJPY 1D and to a certain extend NZDJPY (didn’t include the graph as I believe it doesn’t look as good because of the lack of trend)
Come on, tell me I start picking up the concept !
Yves
thts true. the pinbar is valid anyway becos price as of now is at 0.8310? which is a take profit level as its at resistance
LoL,
However that’s an approach of it’s own kind.
Cheers
Hey Yves
Alot of potential for pins out there on the dailys this evening. If the EURJPY forms I am thinking that this would make duelling pin bars, I don’t know whether they are traded the same with Johnathons PA method or whether they are seen as cancelling each other out?
BA
Been watching this pair for awhile, but I am personally waiting for it to break the resistance and have it turn to support, OR for it to break the upward trendline that goes back to June. In my eyes the resistance zone and the upward daily trendline is creating a squeezing triangle formation.
Looks like a Daily pin will form right on the trendline, but don’t see much space before hitting resistance…
Nice big rejection PB’s forming for the NZDJPY and EURNZD. NZDJPY is cleaner and easier to see as it does a false break through 2 support lines (or a big support zone) but with a bit of consolidation to the left. EURNZD has significant support to go through before moving any lower but has shown that the resistance line above is to be respected.
Duelling pin bars ? You mean the previous candle ? Doesn’t look like a real pinbar in terms of wick/body size ratio but now that I watch carefully, it may not close within it so another setup to forget about… Maybe NZDJPY is better after all or even EUR/NZD…
Thanks Piping Hot, very true, your right, the one before doesn’t look much like a pin bar now that you mention it. I will keep my fingers crossed for the other prospects, I like the look of EUR/NZD but will need to have a better look at the charts at the end of the day.
Edit - EUR/NZD bit the dust.
Hello every one
I see Pinbars formed on NZD/JPY and EUR/NZD daily charts. And comparing them brings a question to my mind. It has happened a few times to see a Pinbar formed after a very tight consolidation – like what we see on EUR/NZD. Is this kind of setup considered A+ in this method?
Just look at both charts to find out what I mean. I’m not asking which one is preferred, I just want to know is it convincing enough when you look at the EUR/NZD Pinbar after the candles formed during previous 5 days?
Thanks!
This is how I see it, EUR/JPY is likely to go up but not a valid setup. However, EUR is likely to get weaker against NZD so chances are looking greater for NZDJPY to go up and this is confirmed by a valid Pinbar (with a bit of resistance to go through but odds are looking good to me.
Hope I’m right because I am in NZDJPY !
Yves
