Thanks a lot for the advice, like I said I’m only a beginner, I’ll definitely keep checking this forum for tips and tricks!
thanks Jack. I really need all the help i can get.
drokgreg
You will definitely get all the help you can get right in this thread. Stay humble and ask questions on what you do not understand n I’m sure there are lots of people here fighting to answer your question! I believe you will eventually earn back the money and lot more in the future!
Jack
hey all, some great spots by jackson. My favorite is the CT on the gbpcad d1. nice pin at a swing high. and there’s also a nice beeb on the 4 hour.
note: i’m playing this off the 4hr chart.
also whats everyone’s thought on this beeb on the audcad d1?
hasn’t closed yet but a sign that price is ready fall perhaps?
darth
Thanks Johnathon
Dropped all indicators several months ago and just using candles and S/R in demo. Learning all the time.
Kiwiman
Hey all just closed my audusd ct trade for 1.7% gain. My audcad has been actived and decided to take some risk of the table. Still waiting for my gbpchf trade to go my way, and seeing that bhops saw my friday mistake I think I’m quiting opening new trades on Fridays. Lesson learned.
I see. The same here, but only for intraday trades on Friday. For D1 chart and above tf, I have no problem to open a new trade even on Friday.
The pinbar looks smallish for a CT trade. It still can work, but not an A+ trade setup in my personal trade plan.
Aud/USD= kaaaaching!
Some nice daily IBs formed today, USD/chf, GBP/nzd.
Cheers
I don’t know how to say this any other way. Trading with the obvious trend is the easiest way to start increasing the chances of making winning trades. We talk about this a lot. And the opposite of this is also true; taking trades against the very obvious trend is the easiest way to make losing trades.
Now in saying that there are times when we can play both side i,e take counter trend trades, but we have to be smart about it. We need to pick our times when we make a counter trend trade. If we know that taking a CT trade is going to be less high probability than with the trend, then we know we have to is less often and only when there is better reasons for doing it.
In other words and to be really frank; taking really small pin bars that are at extreme highs against really strong trends and small engulfing bars against strong trends is not going to get us very far for very long in the PA trading game. Yes they will work out here and there and as we know all PA signals work out from time to time, but like the page one of this thread says we are to make high probability signals time and time again and for the long haul, not just to get lucky and then blow accounts. Trading small pins & EB’s against strong trends in the long run ends very badly.
We can trade against the trend when we have good reason. The AUDUSD daily EB I recently took was clearly against the recent trend, but notice how it was a large and commanding signals that was not just in the middle of nowhere. It was rejecting a key resistance level. It had clear space to move into at which point if it moved lower I could then think about cutting down my risk levels. Whilst this was a counter trend trade you can see the difference between this and a small pin bar sitting by itself up against no recent key levels.
Hi Johnathon,
First of all thanks for educating people about the price action trading, i am also trying to learn it 
i am using Pepperstone Demo charts but my GBPCAD Daily Charts don’t look like yours :|, don’t know where am i going wrong. The Pin Bar is bit different.
Heya Radiatelabs,
welcome aboard! You charts are the best ones and most definitely the ones to go & stay with! They are what I trade live with myself. The chart I posted earlier today is is from my cousins PC and whilst he does have NY close he has Axi trader. This is why Axi are a pain in the bum because they are often a little bit out of whack so we should always stick to pepper. I just did not have a choice on this occasion.
Johnathon
[B]Update[/B]
AUDUSD, D1 ,bearish engulfing bar counter trend short trade . TP got hit at 0.9530 .
Thanks
Secure Trading
Same here!
regards
Hey Kas,
nice trade.
Again I took this last week, but cut for 35 pip profit on Friday. I was quite glad i had as it had rallied back to 0.9615 on Monday.
If you don’t mind me asking, did you stay in over the weekend and keep your stop at the top of the BEEB or did you get back in on Monday.
I am making money, but struggling to maximise my good positions.
Cheers
its not a pin bar bro is a beeb.
ok so my gbpchf trade i reset my tp to just past entry and it got hit with a tiny profit. luckily i did as price bounced off this point and went back up.
my ct trade on gbpcad also hit tp for 2% gain. Jonathan is right CT trades are tricky. but i like them and you never know it maybe the start of a new trend.
