have you read the first page through to about page 20? There is trade ideas, videos and articles that will help you.
Then if you have questions you can come back in here and ask away and hopefully you will have a little knowledge of what we do. It’s hard to help you when we don’t know which bit you are struggling with.
i have a question? I have visited your blog and see that You post some price action setups? Tell me please does this setups on your blog are only A+ or ??
On my blog is a lot of things. I discuss relevant support and resistance and logical areas to take trades etc Very rarely do I post live setups on there as it’s not fair on members however if I have covered a setup in there than it is an A+ setup.
I am unsure where you would have seen anyone in this thread trade such setups. I know I def have never discussed indecision bars for trading signals.
I am aware other price action threads trade these sort of iffy setups but in here we are in the habit of taking trades when we have a very high edge in out favour.
Indecision bar means there is indecision or in other words the neither the bulls or bears are in control. In here when we enter there is no doubt who is in control and which way price should go.
If we were to trade indecision candles such as this we could literally place trades every single day even of the daily chart.
I can tell you without a shadow of a doubt that one of the biggest killers is traders A) trading to much and B) not being picky enough in their trade selection.
I can also let you know that whilst you can get away with trading these for a while over a large sample size of trades you will make it near on impossible to be consistently profitable. It is the same with inside bars. Yes you can make money with them but the problem with both inside bar and indecisions bars is they form so so often. Because they form so often traders get into a habit of taking all the setups. Whilst traders could make money regularly trading both these they get caught out trading all the setups instead of only trading the very best.
Will this go lower? I think it probably will and if it does it has a fair way it can go to. Would I ever play a trade such as this? no this is not for me. I only make trades when large edge in my favour.
I hope it does go lower for you!
Lastly please be aware that pin bar that form “inverted” like this (instead of sticking out they face opposite way) can actually be signals to other traders to go long. Just something to keep an eye on in future trades.
Hello Johnathon, Thnx for the reply. It was really helpful.
Regarding the AUDUSD trade, am i right saying, we have to wait for the price to pullback and give us short signals to get along with the downtrend.
Nah. I dont get confused. Cause it’s the same price action after all, following the trend,looking for pullbackes with confluence of support/resistance, it’s all same for me. The only difference is DnB uses MA’s in his trading.
Hi Johnathon ! Sorry i haven’t been active lately but i’m still following this thread carefuly.
I’m confused, my AUDUSD daily chart has quite a different setup than yours…
Anyways, since the pinbar occurs in a stong downtrend it would be a bit foolish to trade long, i’d rather wait for a pullback and go short whenever a significant candle bounces back down from a nearby (doji res) resistance.
Did my analysis match with what you advocate or did i miss something?
I have attached a pic of your uploaded charts. See where my arrow is pointing? You need to fix this error. If you have problems PM and we will sort if out of here so people can stay on track.