Forex Price Action

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14501

Yeah, always better to wait for candle to close

On to the next setup!

:slight_smile:

14502

Super key level there! Also the bottom of the range.

Would have liked to see a bigger, more convincing pin though.

All the best if you’re in!

Cheers

14503

Hey Kas!, long time no speak :slight_smile:

I think the level was great! ( low of range + BRN ). I would have liked a bigger pin though ( stick out more )

'Tis going up nicely though, and GBPCAD’s another high volatility pair.
All the best!

Cheers

20131016_gbpcad_h4_pin_explanation.jpg700×291 21.4 KB

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14504

Hey Frosty!

Great trading on the EURCAD! You stuck to your plan and took available profit [ and smartly, may I say, what with the buffer and all :slight_smile: ]

Also scoping out EURAUD and GBPAUD with you.

Nothing for me on EURJPY I’m afraid; the BEEB formed right above my KHL

Cheers!

14505

Having spec MT5 charts + extra periods is also really kul, huh? :slight_smile:

Increases the possibility of having more A+ setups per week/month

There’s more than enough to profit great from.

Cheers

14506

Nah got taken out at BE. Once it got down to the same minor level that you also marked (I had mine a little higher) I moved to BE and got taken out. Still no loss and gave my trade a chance to do the business.

14507

[QUOTE=sworksmax; 99999]
Thank you Jonathan!
[/QUOTE]

Hehehe :slight_smile:

Before coming on this thread ( about 3 months after I started learning forex ), I’d gone through a couple of sites and forums, and was trying to piece things together.

This includes Niall’s free info [ never could get what a ‘fakey’ is <perplexed> ] and the behemoth James16 thread on FF [ couldn’t see the wood for the trees!, too many ideas and PA methods floated around :confused: ].

Then I came across a PDF doc having info on the pinbar, and a big light came on! This looked like a way I’d love to trade. I digested it and tried applying it to my trading, though without much success [ fake charting (Etoro) + didn’t have info on support/resistance and KHL’s ]

Between then and losing alot of my personal savings :/, I came on to BabyPips and another light came on :). Tried out a couple of the systems on here ( some were pretty kul, and work for those who ‘feel’ them ). They also made me realize simpler is better ( ‘simple’ doesn’t mean ‘easier’, just means structured and straight to the point, without twisted complexities ). I also did the BabyPips school, a real eye opener as well ( that’s where I got how to properly use Fibs, for e.g )

Then finally, somehow, while searching for something on Babypips (don’t remember what now), came across Johnathon’s first post, and hoozah!, I knew I was home ( clear direction right there in black and white ). Made sure I read all the posts before posting ( somewhere on Page 11 ), and there began the final putting together of the pieces.

This method won’t work for everyone ( it doesn’t have to, there are near infinite ways to skin the forex cat ). But it has worked for me, has opened my eyes even to see more than was laid out in the thread. And for that I’m very grateful to Johnathon.

As the days have gone on, I’ve come across alot of positive and negative sentiments towards Johnathon + this thread ( won’t regurgitate it here ). Truth this: you’ll get out of this thread whatever you are looking for. The truth is: you don’t even have to join FSO. If you ACTIVELY read through the posts ( making NOTES and cross-referencing CHARTS and just good ol’ CHART TIME ), everything is laid out here. How do I know? Because my notes show how to handle setups, entries, exits, market structure, even trade management. All before joining FSO. I joined the thread HUNGRY and drank in gulps the insights that were shared on here. You’ll get out what you are looking for.

Lastly, some have also expressed dissatisfaction at the ‘restrictive’ nature of the thread [ i.e, Johnathon’s insistence on sticking to the core setups + method ]. This is very necessary and a plus => because of this, you CAN see the wood for the trees ( i.e, you can see the BIGGER picture ). And when you see the BIGGER picture, you see other setups/patterns that you incorporate into your own trading ( that’s what sight + chart time does ). You will ‘see’ things, and from there make up your own brand of PA trading. But the core principles (setups + method) remain at the heart and center of it all.

OK, ramble + tribute over, back to trading :slight_smile:

Cheers

14508

You rock dude!

Cheers

14509

Jon,
Great thread you have going here and also the Forex Online School site has lots of great info to offer, I was thinking of becoming a member in fact.

I was wondering since you are a pro trader if you had a link to a Myfxbook account or something similar to show your amazing results? I did a search on here but I don’t seem to be able to locate it. Sorry if you have it already published but a link would be cool.

Cheers

14510

AUDCAD:

The zone around 0.9900 RN and 1.0000 VBRN has been an area of interest in the past ( see W1 and MN charts ).

Short PA in the coming days ( for me, esp on H12/D1/Dx/W1 ) would be very welcome (look at the sweet ‘V’ pullback on W1!)

Cheers

20131016_audcad_w1_watching_shorts.jpg700×291 19.3 KB

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14511

Hi Stimpy,

Welcome to PA trading!

There lies an ocean of opportunities in front of you.

Let me tell you why most traders don’t show real money results (as I know many new traders are always keen to know about money results and how much there is at stake):

-it drives many other traders to over analyse the trade or ask too many questions

-it also causes trade copying,which is not always in the traders interest

-every pop or flop on the account will most likely be critisized

-the taxman!

  • and I think the most important fact is : IT’S NO ONES BUSINESS .

Hope that helps.

Cheers

14512

IN DEPTH ANALYSIS

CAD/JPY DAILY BEEB

Price on this pair has been moving down with a very strong momentum. By breaching the 95.00 level lately, Cad/Jpy gave us the opportunity to look at this level as a potential pullback area or Killzone.

After a further move lower price found support and retraced back to this level. Now presenting us PA traders with a massive BEEB on a swing high and a very important level.

CADJPY_D1_2013-10-16_.jpg700×413 26.4 KB

In order to trade this signal we need to wait for the low of the BEEB to be breached, which comes at 94.40.
The next minor resistance comes at 94.00 .

As a Price Action trader I see a High Quality trading opportunity here, not only will I be trading from a decent level but I will also position myself with the recent momentum.

Thanks for reading and as always looking forward for peers input.

Cheers

14513

Thanks for the reply buddy.

I think it is everyones business if you are sellling a system. Potential cutomers have every right to request to see results and not get silly reasons why there are no results published anywhere. Tax man watching please, you really think they are checking out Myfxbook results and cross referencing.

You believe what you say if you want too but I know the real reason why there are no results published but i’ll be quiet, mums the word:)

14514

further analysis on gbpnzd.

seems a double bottom has formed on the 4hr.

What do you all think? and how to play this?

gbpnzd double bottom.jpg700×394 30.4 KB

14515

my broker doesn’t have EURCHF. :17:

14516

Hi Darth,

I think it is a super decent level!

It’s a range play BTW. 1.90 to 1.95 area. Ther was an excellent daily pin bar too, which unfortunately was taken out.
But this small 4hr does the work.

Cheers

14517

Hi dudest,

I know the pin wasn’t the biggest, but I was eagerly waiting for a signal for I believe price bottomed out on that pair.

Thanks mate for your input.

Cheers

14518

Salute gentlemen!

Here I come!
I have been reading this thread for a month or so, along with Johnathon’s web.
Have been in forex for some time, much of it mainly educating muself.
The layout of price action suites best my undertsanmding and logic in regard to this market.
Trading in such manner makes most of sense to me.

As I am a pretty busy person with my daily agenda beside forex, the time resource to dedicate to traiding (at that stage I would say to learning to trading) is limited. Nevertheless this is a chalange I want to conquer, therefore, I was on the way to request membership at FSO.

Than I again asked thsi question - why would one dedicate such high amount of time in answering basic questions (with all teh respect to the newcommers in this business, myslef inclusive) instead of spending this resouirce in favour of practicing this, at prima vista, well rewarding trading approach.
I understand the membership fee is a secure, risk-free income, however, the question got even sraper with the lack of proven track record shown so far andf the self-promotional approach (it is always better to let facts and others speak about you).

With all my respect to your knowledge Johnathaon, can you please, enlight me if what you preach has really made you successful. And is there other wya to know this beside words (…like proven facts).

I would like to underline that I am not concerned about the 300 USD that are to be paid, but about the time I would loose if eventually this sustem would be far better in words than in fact.

I realise the question might get some of you annoyed, but as you seem to be around for some time you would know is goes that way sometimes.

Straight after you manage to convince me, I would pretty surely seem me amoung your members.

No offense of the question, just the common sense business logic requires that I ask it.

And I do not do this is an e-mail or personal bacsue you are public and the other might have interest to comment or read your replies.

Thanks in advance and my compliments.

14519

Hi semper,

Well written!

Now I don’t know if you are going to get the answer you want but may I direct you towards this post http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-1164.html#post525844, many found it useful and assuring.

I hope this will help.

PS: I understand Johnathon is quite conservative, you don’t see that much from Aussies(jk), but sending him an e-mail might not be such a bad idea. Certainly for he is not always on the forum or might not find the time to read each post.

Cheers

14520

Of course he is not successful at trading, why else would he be selling a system. His main income comes from selling memberships to his website.

Copied from another website as I couldn’t have said it better myself.

quote:

The FSO method only provides few (if anything) trades a month. This is perfect for them to scam you. By providing you with a discretionary method that will maybe give you 15-20 trades a year. Only after around 20 trades can you really tell if the method provides an edge or not. But this will likely be a year later. He’ll just tell you since it’s a discretionary method, you have most likely been making mistakes along the way. Anyway, he never reveals all the trades he’s in, claiming that he doesn’t want other people to blindly copy his trades. This way it is hard for anyone to verify his results and we are left wondering if he is really a good trader. He claims to have years and years of trading experience but has nothing to prove it.

:end of quote

No doubt this will be requested to be removed as it might affect the sales from his site. Hopefully some traders though will see it before they blindly waste their money.

Now lets wait for the fanboys to complain and make up excuses for the “Protrader”