Forex Price Action

[bhops]

@yisaiah

Hi there,
I am quite fond of this pin bar/doji on the NZDCHF
What are you thoughts??

The question you have to ask yourself is is that tiny PA signal enough to halt all that strong recent bullish momentum? Yes it has occurred at a nice level but I wouldn’t risk my cash against the bulls with such a small signal.

[bhops]

@yisaiah

Dear all, what do you think of this bearish pin bar on the GBPCAD? quite clear to the 1.6600 level

Although I do think there is a fair probability this will fall this pin is not occurring at a swing high creating the space we desire to trade in to. Hence a pass for me.

[darthfrancis]

Obvious up-trend on the 4hr? I must be missing something…

The daily chart however is different. The daily chart is still making higher highs and higher lows and if it can move on from here that daily trend may yet continue, but this pin did not form on the daily chart.

If we were fibo traders, this retrace has pulled back over 100% on the 4hr chart! All we have to do it look at the 4hr chart with out eyes to see there is no trend in play. Price has fallen off a cliff and has no clear direction either way.

Remember that price does not trend all that often. It spends that bulk of it times ranging, so learn to trade ranging markets.

EURUSD 4HR CHART
<img src=“301 Moved Permanently”/>

Johnathon

I didn’t say uptrend I actually said ct, Tbh it’s more ranging on the 4hr like you said.
Though still looks good to me.

Darth

[tonyro44]

Thank you and Dudest soooo much for all you guys are doing for us.

Hey guys,

sorry have not been around much last few days. I have not been well so have been just been trying to get better at home. Got some good news though. That group of links that I promised you should be finished you should be finished soon I am told! We can all thank Dudest for his hard work on that one.

Dudest has literally gone through 15,000 pages of this thread to pick out the gold nuggets and link them one, by one for you guys and I will then link them at the first post at the start of this thread. This can then act as a learning tool for anyone who needs to catch up or refresh on any point they are unsure of they can jump back and flick to that link.

Next time you are thinking about how hard it is to get through the first 50 or 200 pages of this thread, just remember what Dudest did for all of us! :35:

Johnathon

[Kiwiman]

Heya Kiwi,

you really need these bad boys to form up higher and rejecting the key levels. They will give you much higher probability trades that way. Notice how yours is under the level and not up and rejecting it? If your was up and sticking out and rejecting it, it would be a much better play. It is was up higher it would also create space and room to fall into and more risk reward which is more profit for you if it comes off.

Safe trading,

Johnathon

Thanks Johnathon,
hope your feeling better.

I see what you mean. :45:
The next two AUD/JPY daily candles are testing the key level better but todays candle is still forming. Waiting to see how it closes.

Thanks
Kiwiman

[Kasravi]

@darthfrancis

Thought I would share my current trade gbpcad daily chart nice bearish pin at a swing high and stopped at KHL.

Thoughts?

Darth

Hi Darth,

I think Gbp/Cad is in a tricky situation.

Here the relevant chart(I tried to keep it as clean as possible,but there is so much information !)

First things first, your support and resistance lines are flawless in my opinion.

Secondly you have a picture perfect pin bar.

Now to market structure,

As the Green arrows show price made another higher high and higher low, hence up trend.
So we PA traders are looking for reasons to go long. Because we favour momentum.

On the other side you might look to catch a CT trade. While price presented us with a rejection bar on a resistance we still have
to sort out the noise area.
That takes us inevitably to the next annotation .The red arrow shows where price is to likely reverse if it moves lower and should rise awareness.
Therefore if I was to trade it, I would keep my stops real tight.

This comes all down to how conservative you are,but it is always good to know the risks.

Hope that helps

Cheers

[JUAN55]

Thanks Johnaton and dudest for your unvaluable contribution to our learning on PA.

[ohoraherecaptain]

Looks range bound to me! Wouldn’t trade it!

[Kasravi]

Thanks Johnaton and dudest for your unvaluable contribution to our learning on PA.

It’s invaluable, but they get the message.
Indeed great work big thanks from me too.

Cheers

[darthfrancis]

Looks range bound to me! Wouldn’t trade it!

wouldn’t trade what?

try be more constructive with your messages and you will get on just fine here.

Darth

[goldenfisher]

It’s invaluable, but they get the message.
Indeed great work big thanks from me too.

Cheers

in- or un- for antonyms is not that easy to learn in English…

However I will join everyone else and proceed to thank Johnaton and Mr. Dudest in particular, without forgetting all the other PA experts in this forum giving away their knowledge for us all to feed on.
If everything goes to plan, “thread party” at my place in a few years from now

[Veleje]

Hi Vleje;

In this thread we use only horizontal line. Dont use trend line. So your chart must be clear, you can look to Johnathon’s chart.

The question was if there is trend up on the chart or not. I said up, Johnathon said not on zoomed in chart.
So I wrote for that chart that I added the lines, [U][B]just to explain[/B][/U] why I see trend up.
Hope this clarifies it for you.

[darthfrancis]

@Kasravi

Hi Darth,

I think Gbp/Cad is in a tricky situation.

Here the relevant chart(I tried to keep it as clean as possible,but there is so much information !)

First things first, your support and resistance lines are flawless in my opinion.

Secondly you have a picture perfect pin bar.

Now to market structure,

As the Green arrows show price made another higher high and higher low, hence up trend.
So we PA traders are looking for reasons to go long. Because we favour momentum.

On the other side you might look to catch a CT trade. While price presented us with a rejection bar on a resistance we still have
to sort out the noise area.
That takes us inevitably to the next annotation .The red arrow shows where price is to likely reverse if it moves lower and should rise awareness.
Therefore if I was to trade it, I would keep my stops real tight.

This comes all down to how conservative you are,but it is always good to know the risks.

Hope that helps

Cheers

Hey KAS thank you for the analysis, it’s really constructive. I’m playing it as a CT trade and only have one tp which is quite conservative. i’m hoping this doesn’t explode in my face like my eurusd trade! What happened there?! 200+ plus pips unfortunately in the wrong direction!

Darth

[Kasravi]

Hey KAS thank you for the analysis, it’s really constructive. I’m playing it as a CT trade and only have one tp which is quite conservative. i’m hoping this doesn’t explode in my face like my eurusd trade! What happened there?! 200+ plus pips unfortunately in the wrong direction!

Darth

I would have never anticipated EUR/usd going south like that unless I read Johno’s post on USD/chf on his page,which made me sharpen my eyes more and safe me from a full loss.

I’m looking for nice setups to develop in the comming weeks, a loss today doesn’t effect the overall process.

Keep it up.

Cheers

[wm247]

I would have never anticipated EUR/usd going south like that unless I read Johno’s post on USD/chf on his page,which made me sharpen my eyes more and safe me from a full loss.

I’m looking for nice setups to develop in the comming weeks, a loss today doesn’t effect the overall process.

Keep it up.

Cheers

That’s the spirit, Kas. We may lose this battle, but we are not losing this war.

[JUAN55]

Yes, “invaluable”, the “u” is close by “i” in our keyboard.

It’s invaluable, but they get the message.
Indeed great work big thanks from me too.

Cheers

[dudest]

Thanks for all the kind comments guys, much appreciated!

You all have made this thread a wonderful learning environment.

Thanks to Johno for making it all possible!

Cheers!

[dudest]

Any comments on GBPNZD D1 BUEB?

.

[goldenfisher]

@dudest

Any comments on GBPNZD D1 BUEB?

.

The trend is definitely down, with the price having achieved lower highs and lower lows. I would personally wait for a bearish PA signal at the level I have marked in green to enter a short position at the swing high at a KHL within the downtrend. Take profit and/or move to BE at the FSA, SL depending on the potential bearish signal forming. It would be nice if a nice big pin bar formed today!

[semmee]

@dudest

Any comments on GBPNZD D1 BUEB?

.

Hello!

It’s a considerably strong move up but I was worried of the lower low and lower high that it made. Also seems to have a bit of recent choppiness…not to say that it won’t move up though which I’m guessing it will It just seems to lower the percentage (for me) of the move being a solid push up.

Watch this thing just shoot through the roof after I say that lmao

Did you take this?