Forex Price Action

FSO Price Action, my friend. We’re comrade, I’ve seen you at FSO also.

I’m just very picky with my A+ setup. Let’s just say my style is closer to the one favored by bhops. You know, one line from Daily level only? Of all senior at FSO, I like his trading style the best, and I aim to emulate his in my own trading. :wink:

Yup agree it looked very weak compared to the big downtrend earlier

almost 2 hours to close so im not taking it for now…but this is old R acting as new S


Pending order triggered on both EURCHF and USDCHF H4 pin bar.

USDCHF has better levels.

EURCHF looks choppier up ahead but I like it because it forms 2 pin bars next to each other (first one not so nice). Showing its rejection to go up.

Let’s see how it goes.


Well that was fast… while I was posting EURCHF already hit my TP1.

Guys any thoughts on the AUDUSD Daily 2BR??

Followed by USDCHF. Both are free trade now.

It’s still in a very strong down trend. Until I see a 1-2-3 trend reversal, I’m not going to long this pair.

on GBPCHF H4 there is an BEEB forming, its on a major resistance level, so I might look to go down… any toughts?

Second that. Although not an fso member myself, Bryce’s style captures my imagination the most. I am too picky too…

No. Puny candles too, esp for a CT

Cheers

The easiest and best way is to use MT5 for charting; absolutely no hassle

Post #5:
–> MT5: RoboForex, GoMarkets, InstaForex, LiteForex

Cheers

Hi justise,

Even if it had closed, that is not the kind of pinbar that we should be taking…

A+ setup:

At Key horizontal level

[B]# At correct swing point

Large + obvious PA

[/B]# Preferably with the trend

.

BEEB failed to close strong [ shame, that’s a key level ( VBRN 1.5000 ) ]

Cheers


Hi
Looks like a pin form on a good support level. any thoughts

HI my friend, the picture cannot be see properly (too small), I think the pair you are pointing is EURJPY. I think trade is valid… its also posted by Jonathon on his webpage trade Setups… we’'ll see.

when the price reach the extremmely high or low, we dont need the level. just the big PA signal is enough.

Is that so? Jonathon, Dudest??

[QUOTE=“Panupat;591639”]Pending order triggered on both EURCHF and USDCHF H4 pin bar.

USDCHF has better levels.

EURCHF looks choppier up ahead but I like it because it forms 2 pin bars next to each other (first one not so nice). Showing its rejection to go up.

Let’s see how it goes.

<img src=“301 Moved Permanently”/>[/QUOTE]

Mind to share what is your R&R?
From what I see, your risk is larger than your reward.

I don’t see that the pinbar opened and closed with in the previous bar. Isn’t that a problem to have an A+ trade. I’m just mentioning one of the 3 rules:

A Pin Bar formation must have the following:

  • Open and close within previous bar
  • Candle wick minimum 3 times the length of the candle body
  • Long nose protruding from all other bars (must stick out from all other candles)

Some explanation is needed here please.

It could be a good setup but I’m not sure about the pinbar. It’s not within the previous bar.