Hi SK,
The BEEB is nice and at a great level, but I consider it a CT-trade (not a range-trade). Price has been grinding higher, and the low of the BEEB is exactly at a minor S/R… I’m staying out of this one.
Cheers
Hello,
this is my first post on this forum, I’ve been sneaking around this thread for a while and really like what you guys are doing here and have come to appreciate the PA way of life.
Took this pinbar and now riding(or gulping, if you will) it down, yehaa! Hopefully it’s a trend reversal happening here and I can stay in if it hits my TP @ 1.8710 level.
-PinTonic
I like that… neat :18:
Welcome and best wishes on your trade!
Thanks Panupat!
Hey guys. Nicholas shared this in our private forum and I thought it’s really, really good.
[video=youtube_share;GhKJ9P3agRc]http://youtu.be/GhKJ9P3agRc[/video]
Thanx for the comment. I didn’t enter the trade because I was asleep when indecision was broken. now I don’t want to be “chasing” 
. What about the BEEB on 12H is it a proper BEEB and setup?
I had a look at this setup 4H and that BEEB on this GBPUSD. However it is at a solid daily resistance level but a couple of things stopped me from taking this. The daily massive BEEB has no follow through and the retracement has run right up to the daily resistance so taking this short would be going against the strong daily bull trend. Too risky setup even if it works.
Just curious what setup did you take on this EURCAD 4h? Was it the 2BR on the 7th and 8th candle from your TP candle?
yes it was…posted it last page
EURCAD H4. Price went up to the recent resistant. Let’ see where it goes next.
IMO not a good level to be taking that 2BR because it is in between levels but glad it worked out for you.
with such uptrend, it had to test the highs again XD
My ISP internet connection is getting really bad tonight. It was bad at my office and still bad when I got home. I guess I’m done for the night. See you tomorrow guys.
What I have learned from forex trading is that I never ‘expect’ anything when taking a trade. I do not know if a trade will work out and all I know is that to the best of my knowledge I have stacked the probability in my favor.
i think i had good odds
very strong uptrend…very good 2BR on a swing low…next FTA is 80 pips away
Nice big BEEB (Bearish Engulfing bar) at swing HIGH but not sure if it is properly laying on the resistance level. Any thoughts?
Be careful [B]fjanos[/B]! this is an uptrend chart, so you are only looking for high probability long setups (bullish price action signals) from LOW swings. Yes, it is a BEEB, but from the incorrent point. A very good example is the BUEB formed at the previous swing LOW, on the 17th of January from the support level at 1.63.