When price on the Daily is in a place where it’s not been in a LONG time ( so no visible S/Rs ), I go up to higher TF ( e.g Weekly, Monthly ) and most times, you will find KHLs that can now be applied to the Daily.
If price has never been where it is ( in history ), BRNs & VBRNs provide good clues as to where S/Rs could be
Cheers
You’re on the H1???! :58:
[ Thought we had agreed to operate from H4 upwards… 
]
The overall story told by price will be the same, esp when it’s taken a longer time to take shape ( i.e, higher TFs )
At the end of the day, we are watching the tracks of the price movers, and waiting for them to show their hand on where they want to move price next.
These tracks (i.e, price action setups) are easier to spot and more reliable to trade when they have taken more time to form ( hence trading from H4 / H6 / H8 / H12 / D1 / W1 / MN1 ).
TFs are just demarcations of time, and for us swing traders, the aforementioned ones work just fine
Cheers!
Hey Darth!
I find your lack of faith disturbing!..
[ just kidding!, couldn’t help myself, had to throw in a quote! ]
I think the pin is a good sign that price may be moving further up in coming (days/weeks ?)
It’s formation though is not my cup at tea ( prefer body at S/R )
All the best if you’re in!!
Cheers
hehe.
Yeah I’m in from the 2-br d1 last week so i had a look at the w1 as i’m still learning w1 formations as i much prefer the d1, but It makes my have “faith” lol that the bulls still have the reins.
Darth
Last nights EURJPY d1 candle closed as a nice pinbar right on the 141.000 level with the tail being rejected by the mighty 140.00 level so I’m in as well tp at 142.10.
Darth
If you have establish that it is a range, how can it be in a bull trend? I can assume it is in a bullish bias bigger picture but you trade the current TF bias. So if the daily is bullish, I would not be looking for a short if the lower TF has entered chop or range.
anyone taking gbp/aud 12h BUEB ?
That BUEB is at the wrong swing, abc2005. You’re not saying that you’re going long from swing high, are you?
general question not related to this post
what kinda trades you take? i noticed you pass on almost everything even trades most members believe to be A+ (not talking about the 12H one here)
I have started price action just few weeks back and fortunate enough to earn more than 200 pips.
Just identified a pin bar in USD/CHF and hope it goes well.
hmm interesting, can i ask how you drew your bottom S/R line as it looks subjective. Also I think there’s quite strong support above your tp.
Darth
I think wm247 is right , I wanted to take BUEB at swing high and it’s wrong .
do you think this trade is ok ?
This setup is not in the current scope of this thread discussion. We are discussing taking trades from a swing high or low so from this perspective this is not a good setup as you are taking it from a swing high.
guys? i said im not talking about that trade as i know its a bad one…im asking him in general 
[QUOTE=“moonflow;591599”]I have started price action just few weeks back and fortunate enough to earn more than 200 pips.
Just identified a pin bar in USD/CHF and hope it goes well.
<img src=“301 Moved Permanently”/>[/QUOTE]
I’ve marked the resistance at 0.92. Based on daily
Formed right at my D1 resistance actually…
Having a go at it [ range trade ].
[ sorry can’t post any charts right now ]
Cheers
hi
a problem with making other time frames like 4h , 8h .
I’m using period converter for making other timeframes in mt4 .
Sometimes it doesn’t update the charts even if I open it again .
How can I update them ?
Thanks
Sort of but a very insignificant one compared to those bear candles. Much prefer the 2BR went thru the resistance
