AJ
Looking for longs
Hi dudest,
Iâm seriously looking at these 2 possible A+ trade setups - USDJPY D1 and SGDJPY D1:
They look like our classic A+ setups, but the pinbars are somewhat a bit too high. Iâll be more delighted if thet went lower and formed a âfakeyâ (Coach J has a name for that situation, I just forgot whatâs the exact term for âfakeyâ pinbar). Alas, thatâs not what we have here. What do you think?
CJ
Looking for long chances
btwâŚim posting all these charts dont mean im trading any of themâŚi am just saying there is a chance some of these become A+ and thus i will trade them
i just posted these seconds before youâŚnot really a classic set up as a pin bar didnt form in a swing lowâŚbut its pretty safe to assume the price will shoot up
True, but we rarely have faraway pullback in a strong trending situation. JPY pairs have been going uptrend strongly these last couple of weeks, thatâs why Iâm interested in both setups here.
Hi WM, just remember,
as many traders in the world, there will be so many versions of S/R lines + donât forget to treat them as zones rather than to-the-pip lines & consider wicks when marking them. Iâm not saying what I have had on my chart below is correct, I just noticed that top rejection of the price was at wick-end levels, price has not closed above it for a while, then it broke it and returned creating a PB. Through the whole zone, not just a level.
If you ignore information from the wicks, you might miss plenty of opportunities as price often does not return there in strong trends, like JPY pairs. Just look at my lower zone from the chart below as an example and zoom in to 4h chart in order to have a look what signal has it given at that level (but never at candlesâ closeâŚ).
Fil
my Cheat Sheet
Exactly my thought. Iâm looking for every opportunity I can to hop on board with such strong trend (keeping it H4 and above still.)
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what the hell mine is a little different !..this is liteforex version it should be new york closing?
@dudest i just downloaded hotforex and it looks like my other charts from liteforexâŚstill doesnt look like ursâŚis this a problem in my end?
also i just joined FXO
Try Pepperstone and/or FXDD.
For the longest time I thought FXPro was a 5 day NY close charts too. Turned out it is not. Itâs very close, but still slightly different.
F[B]S[/B]O
:8: welcome to the school and hope Iâll see you around!
liteforex and hotforex have 5 candles per weekâŚi just checked
ok seems hotforex is actually the same as pepperstoneâŚthe problem is with liteforex
i will just switch to hotforexâŚtho they use market execution and for some reason it scares meâŚmaybe because im not used to it?
Hello everybody,
few questions from my side.
Was looking at EUR/CAD to go long. On H4 PB has formed almost on where I draw support and as support should be treated as zone and not exact number I was thinking to take that trade, but problems started with my internet (seems lucky me this time) and I have passed this trade and it went opposite direction Iâve expected. Chart bellow.
Did I overlooked something and that wasnât A+ setup?
Second question if big PA has formed on S/R and there is not enough place to get good R/R, youâd skip this one or manage somehow?
FXO? Never heard that.
If you mean FSO, then welcome to the Otherhood! 
could you perhaps aware me on where this pinbar is? I canât seem to find a valid one anywhere on that chart
Iâm one of the newer guys but I might try and answer this and someone else can justify whether my answer is correct.
1 - The chart you have attached seems to be ranging. Itâs hard for me to determine how itâs an uptrend (and therefore why youâd go long).
2 - You are trading right back into traffic. Look to the left of the pin bar, and see how many times price has bounced around support and resistance because itâs a ranging market.
3 - Personally, I like pin bars to be relatively larger than other candles and sticks out. In this case it kind of is, but because of that I wouldnât take it. Iâd only take it if it was slapping me in the face screaming âHEY LOOK AT ME. I STICK OUT SO BAD SO YOU SHOULD TRADE MEâ.
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That wasnât a pin bar. A pin bar needs to have wick 3 times longer than its real body. That pinâs body was 40 pips while the wick was 60 pips.
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The recent bearish movement was insane on this pair. You want a much larger and much more obvious signal to go against that.
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Every trade has a chance to lose. An important thing to keep in mind
Are you talking about the PB that is 12 candles back and why that PB wasnât respected? If so, I would say the size isnât large enough compared to others around it.