Apart from the size, I don’t really like it’s level. Swing low to me is a bit lower,
Yeah, IF it breaks. Me waiting too!! I had a chance to get in on the GBPAUD as it came back down with a bit of stop engineering but decided not to. It is going now…
Going straight into some serious traffic above your green line! I would need a much bigger pin to counter all that recent bears.
by the way guys…when you make a mistake and lose -200 pips on your demo account, be happy…you should embrace it…take it as a learning chance…everytime i make a mistake i sit down and analyze what was my mistake? sure sometimes you did everything perfect and it just went against you…but i assure you 95% of the time its your fault
did it happen at a swing point? was it a really valid PA or did you convince yourself it was? was it near a choppy area? was it near BRN? dont be upset and just move on…that way you wasted a HUGE growth chance
i believe you would hit your first TP before you hit traffic
we will see how it goes (i didnt take it i was asleep lol)
It is the low risk reward I was concerned about on this trade, GBPNZD. However this could go on to be a big winner but did not meet my setup criteria.
Hallo fjanos, & welcome!
I personally wouldn’t have taken that pin, not sticking out and away from price
Also please post charts without indis, thread rule.
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@All: please take note, let’s stop having to repeat this over and over again ==> CLEAR CHARTS ONLY
Cheers
All hail bhops! The great and the almighty one! bhops, your reputation precedes you. 
There’s nothing wrong with doing that, so long as you split your single-trade risk between the two
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The Japanese are up to something with 2-bar reversal omnipresent at this point. What I don’t like is that some pairs have a clear gap in the left that may serve as relevant resistance ahead. This will be interesting…
Have just gotten onto my charts, and that was also the one I thought was trade-able.
Unfortunately, price has already broken its high ( where I would have placed my buy-stop ), so I remain at the station waiting for the next train 
All the best to those in it!
Cheers
The gap was the only reason I’m not in one of those trades, and already started to think that I’m the only one who have them
Guys. Did something different here.
GBPAUD daily 2BR was too large for the amount of $ I want to risk. So I dial down to H4 and found this EB
The EB itself was not a good one, tiny, not at swing point etc but I use it to enter based on daily 2BR. It allowed me to manage the trade properly. The trade is now BE and moving strong.
[ Note: this has nothing to do with which one will work out better in the end; we can’t know that right now, but we seek to stack the odds in our favour ]
For me, the GBPJPY is cleaner in terms of area of formation (relative to candles around it) and less resistance to get to FTA (more room to move).
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A valid pin has a tail at least x3 the body (that also helps it stick out obviously)
This one doesn’t.
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Welcome svig! you’ll like it here
Cheers
I actually prefer a pinbar whose body is at the S/R with the tail sticking away from the S/R
A pinbar in which the tail is the one touching the S/R is still valid, but I generally pass on those as the first kind give me more trading room
Cheers
PS: post up a few charts of examples and we’ll discuss!
to put things into prespective
how many trades you guys took since jan 1?
i took 5 so far
With proper analysis, 2.
With unstable state of mind, 3. Switched to live account this month, those were my first 3 I took and I knew I wasn’t feeling/thinking right.
I don’t understand how a signal can be too large for your risk level. If there was signal A which you were fine trading, say, $100 and trade B which was twice as large as trade A, you could still risk $100 by halving the number of lots you buy.
As far as I understand pips are unimportant. You base the number of lots you purchase on how far your stop is from your entry so it doesn’t matter how far your stop is i.e. how big the signal is, because the amount you risk will always be the same.