Forex Price Action

wow Friday already. This week felt so fast.

GBPSGD reaching resistance turn support level. Also a VBRN 2.1000. I’ll be watching this pair today

GBPJPY not as attractive. Its doing similar thing, except it already broke below 170.00 and seem to be swinging around that level.

EURSGD made a nice move down as I expected. Full profit taken if my live broker offers this pair. haha

I’m in on this. The BEEB previous was formed on a day when the RBNZ kept interest rates on hold and some thought it may go up. Signal from RBNZ is that is likely in 6wks time. The 4hr has not quite formed a BUEB which shows that the uptrend of the NZDJPY may be continuing again. Set my T/P at 85.50

So it was an invalidated setup long ago and I didn’t realize that, and I had lucky :41:. Anyway it was a nice pinbar I won’t take anymore setup like this …

Scam suspicion

Gbpjpy is now trading sideways in a channel range of about 100 pips.so one can trade the pin bar and take out of the market 50/80 pips while waiting for it to break out. That would work for an aggresive trader like me.:19:

That is a beautiful BUEB! I had some how not seen it. What about this BEEB a couple candles ago on AUSUSD D1??



Same bar appears as 2bar BEEB on mobile platform!

Price currently retraced to above signal entry point and FTA not yet hit. Entry 0.87171 Stop L 0.88463 TP1 0.86821 TP2 0.85234 TP3 trailing.

Hi , actually I’m waiting price to go up around 0.8245 and then sell it, with this strong downtrend , this is the best I can do .

Good Luck anyway

Finally hit TP on last week’s friday’s GBP/AUD D1 CT pinbar. It struggled all the way down so much that I decided not to hold half of the position open after TP.

-PinTonic

edit: messed up the quote somehow, so deleted it :slight_smile:

CT don’t always work out but as it got stop right at a major support level I think the odds are good.

Darth

Thanks, ok maybe its BRN instead of VBRN either way major S/R level for traders.

dARTH

NZDJPY still not triggered

might as well close it

Yes, i will try to better position my stop loss and cut short before it reaches high loss.
Thanks!

You know you can build pairs that your broker doesn’t offer? So if they offer you SGD and EUR against USD then you can buy one sell the other and you are legged into the EURSGD cross? In saying that i would becareful that you’re not getting killed on the spread. Best thing is to passively get filled on one pair and then hit the market on the other that way you using the spread from the first fill to pay for the spead you pay on the second.

Yes, since i made high losses before, i decided to cut loss quickly and be very patient when market reversals happen.
If i would not not make mid-trade adjustment i guess my losses would be higher at my newbie stage :wink:
But yes, i ll experience that and compare the trading strategies.
thanks.

Makes sense. A bit too complicating for my simple mind tho, which is getting simpler and simpler every year lol.

USDSGD price is going up. Good luck to anyone who has their pending order set!

It’s subtraction…

May the bull be with you.

and also with you… Amen.

Hi guys,

I thought about going short und AUDUSD this morning, but cancelled the pending order as it did not look like an A+ setup to me. Here is the chart I was looking at, any comments? No spot at all?


Thanks in advance!

hello saimon


this is not a valid pin bar…it has a lot of things wrong with it…and the following bar isnt an EB…there was no price action to tell you to short…please read the links in the first page as its the best starting point for you