i think a lots of traders making good pips on yesterday PA,
safe trading guys
I am not sure if anyone has pointed out, but you didnāt trade the EB properly, I donāt want to sound like a know it all, but just pointing it out to save you from lossesā¦
You traded it at the swing high, and from what I see, it actually doesnāt fully engulf the previous candle. What happened there was price broke resistance and fell back to it and formed the small pin.
I used a similar Signal to enter EJ on H1 so I have a 33 pip stop and not a 210 pip stop. The Engulfing on daily support.
A very good looking PB formed on USDCAD, D1.
Unfortunately, it is at no-mans land and against the current strong uptrend.
Will it work out? 
Maybe for a 60-70 pip swing, but I wouldnāt take it, wait to go long.
Just locked in profits by closing half of the long USD/JPY position I opened last night after seeing the bullish engulfing candle form at the NY close and gaining 60 pips. Stop loss switched to a 55 pip trailing stop, but still targeting recent highs for a take profit on the remaining half of the position.
Anyone who was watching AUD/CHF on the Daily TF would have seen the pin bar formed the other day, followed by a bearish engulfing candle yesterday. Stupidly opened a short position here without checking itās correlation with USD/JPY (-90.7%), effectively doubling both my exposure and potential gain/loss. This turned out to be the stronger of the two trades so far, and I closed half my position at +82 pips, locking in profit.
Both trades can be found on my linked MeetPips account.
60-70 pip swing is quite a considerable profit, would you agree?
I love waking up to profit it is the best feeling. ahhh.
GBPAUD 2BR D1 long trade hit TP 211 pips and 1.9% profit.
Anyone else make any money on it?
Darth
I took 50% profit on the GBPAUD (it has reached the previous high which has seemingly acted as resistance) and moved the stop to break-even. I only had 1/2 my usual risk in the trade though as I split positions between it and EURJPY (which Iāve just closed for a small loss).
Iād be interested to know peoples opinions on my EUR/JPY trade. I placed it on the strength of the signal and that it formed at support (the tail bounced off support) but after leaving it a day and re-assessing it seems to be struggling to break through resistance at ~142.700 that I didnāt notice before. I was also relying on the strong signal creating a lot of momentum and being able to break through support at 145.000 but again it has really struggled to do anything so far.
On the one hand I think exiting for a small loss is good as my analysis seemed to tell me it was a sensible thing to do, but on the other hand I maybe didnāt give the trade a chance.
Hi guys,
Iāve spotted something which I find is a decent trade, but I could be wrong which is great because every mistake is another learning experience.
On the daily chart of the USDCHF, Iāve marked out where I think support and resistance is.
Price is currently at the upper area where Iāve marked support/resistance, so Iāve gone into the 4 hour chart to look for price action. A BEEB has just formed, exactly where I have marked my S/R.
I think this is a good setup - I will list my criteria, and letās see if you agree.
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On the daily chart, this pair is trending downwards. Some may argue that itās ranging, but itās make lower highs, and lower lows, so thatās a downward trend to me. Price is currently right on the area where Iāve marked S/R
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On the 4 hour chart, the body of the BEEB is big compared to recent bars. Itās at a swing high on the 4 hour chart, and also formed at a valid area.
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Iāve got some room to short into, with the FTA around 0.9035 and going for a bigger kill at the bottom of the range. I note that the bottom of the range is also 0.9000, so Iāll look to close out before this number.
What do you guys think?
Iām also in on the EURJPY 2br but Iām sticking to my guns as a couple of my recent trades i.e oil pinbar 13/01/14 i closed for a loss to stop lossing more and itās now heading in the direction I thought it was.
Every trade is different. But Iām learning to listen to my gut more.
Darth
adamjn, I explained the reason I entered in my own quote 
If youāre interested.
http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action-1616.html#post589411
To me, your S/R level is blocking that BEEB.
You already answered your own question.
When in doubt, donāt trade.
for the people doubting their EURJPY trade
always āSet it and forget itāā¦alwaysā¦you should make your plan, then trade itā¦nothing you do after that should affect it
i was planning to trade eurjpy with usdjpy but decided to only go for the usd since the eurjpy had too much traffic to go for it
even my USDJPY had bigger stop loss than TP but i went for it since i knew it would hit my TPā¦which it did earlier today
What does one do though if, in retrospect, you think you missed something important when deciding to take the trade? It really seems to me that the 2BR formed directly below resistance that has held on over 10 occasions in the past month. If Iād have noticed that before Iām pretty sure I wouldnāt have taken the trade.
I took the USDJPY D1 trade which was up some nice pips earlier but has since reversed slightly. Still holding and will manage it accordingly.
I donāt really like that level, I would be waiting for a move further up.
Hello all,
I have a more general question for the group. Iām currently trading an Oanda demo account, which takes their daily candles at midnight EST and not NY close. Is this causing me to see/trade the daily candles incorrectly?
Iād like to trade based on PA but want to make sure Iām not starting out already behind the curve.
Perhaps this has already been discussed elsewhere but appreciate any advice you could share.
Hallo Fyver,
Yes, it will cause you to see the D1 candles incorrectly.
You can use any of the platforms on Post #8 for charting, and still place your trades on Oanda ( or switch altogether )
Cheers