The main problem I think is counter-trend trade (BUEB looking nice)
ok i have to ask
what the hell is up with all these retrace entries as of late?? are all of these people in the wrong thread?
by āāall of these peopleāā aka: (all this stupid people) who do you mean exactly? we are āāall peopleāā trying to learn here we all make mistakes. maybe you are perfectā¦ but from what Ive seen from you still a lot to learn so we should include you on āāall this (stupid) peopleāā?
Its clearly stated by Jonathon we dont enter on retraces. this means we dont place pending orders at retrace of signal āāto get a better R:R and bla blaāā
But when a signal happened while we were sleeping and on the next candle It would have triggered our breakout Pending order (wich it didnt happen because we were sleeping or whatever) if by the time we get to the computer we can take the trade late ONLY if entry price is in our favour, like it happened to me on GBPUSD. this makes a lot of sense for me and its just common sense.
rgds
Hello everyone,
first of all, thank you guys for keeping this thread alive and especcially Jonathon for creating it - lots of most valueable stuff in here 
Iāve been following the thread for a couple of weeks until now - however now Iād like to ask you for an advice regarding a trade I took yesterday.
What do you say? In my opinion
- Price is at a level tested a couple of times
- big bearish bar engulfing the the last bar quite easy
- the ābigā trend is bearish
did I miss something important? Maybe the first profit area was too close (?)
Are there reasons not to take the trade on this BEEB?
explanation: red dashed lines are from H4, red non-dashed from D1,
black line is just for clarification of the TP (wasnāt in my chart by then)
however, the trade was triggered and it missed my take profit 1 by 2 pips and then I it came back for my SL. The strange thing was on the broker that I use for identifying the setups I would have hit my tp. Is it normal that price differs from broker to broker?
looking forward for learning more price action
talk about over-reacting 
all of these people doesnt equal stupid people
i think we should respect john rules and dont bring up other methods
lets calm down
Signal is valid until other side is not broken. NFP announcement affects all pairs with USD, so you safe.
Justise said: i didnt enter it for the traffic on the left, the price clearly is reacting to 1.800ā¦so i thought its better to stay out of it ā¦what the hell is up with all these retrace entries as of late?? are all of these people in the wrong thread?
I donāt think itās traffic, those are some indecision bars (there will always be in the future) after that the BUEB made it clear its direction. In the past I saw you entering in much more traffic.
āRetrace entries as of late???ā Itās pending order at the high of the BUEB not late entry.
GBP/CAD H4 BUEB considerations:
I would take it because:
- Itās a large Bullish candle engulfing the Bearish and several previous candles.
- It formed after a long downtrend and many Bearish momentums and candles (the Bears already had their times to party :59:).
- It formed at swing low so we have the opportunity to trade away from support.
- It formed close to a VBRN 1.80000
- BUEB closed in the top of 1/3 of the candle. Price finished in the last 1/3 of the direction of the candle.
I doubt because:
- Price is heading south now and close to the spot which would be a SL.
I noticed this BUEB late after one 4H candle and I was able to put a pending Bullish Stop order.
GBP/USD H4 BUEB considerations:
I think itās a clear proper setup Iād grade it A+
i personally think the gbpjpy is better since it have more room to breath
both of them look like B set ups tho
My support is @135.00 and also it is CT. Just 2c from my side.
Not sure which BEEB have you take and where your entry was. And yes, price may be slightly different from broker to broker.
Hi Ennyone, welcome to the thread! This thread will definitely lay down the foundations for you in the days to come
Looking at your chart, it was a valid BEEB alright. The path from the bottom of the BEEB to your TP1 also looks pretty clear. But you have to also consider that your stoploss will be all the way at the top of the BEEB, making your TP1 very tiny compare to the risk youāre taking.
Another thing what would prevent me to go short, is that the pair is making higher high and higher low. In this case my bias would be to look for PA to go up instead of down.
Hope this makes sense
Iām sorry for that.
The BEEB I took was the last candle on the chart. Entry was right below the candle and SL right above. Please see picture below
Oh your TP is the red line? Sorry about my comment above then, I thought your TP was the black line.
In this case I would be very careful when price reaches the black line. Itās a level price bounced off just recently. With the short term trend going up, you have to be prepared in case price reverse upwards.
thank you guys for your answers!
I went short with the thought of being with the trend. But I guess the H4 trend was bullish even though D1 is not. So I was against the trend and I shouldnāt have taken the tradeā¦ thanks for clearing this up!
Nope, not a pin bar - none of the action (open or close) is within the previous candleās body. Also, shorting would have you trading straight into *support (as you marked). Unfortunately this was the ābestā set-up I noticed in my analysis tonight. Donāt feel like you have to tradeā¦ no point in taking a mediocre set-up.
That swing low is at a level which has been tested several times in the last few decades - chances are itās going to hold again. So, thatās likely as far down as price would go, and you have to fight through that resistance plus the choppy zone near the swing low to even get there.
My decision was, itās a C grade set-up at best.
Edit: Closer view to demonstrate that this is not a pin by the definitions weāve been using here:
And of the recent swing low, with quite a few years of history:
Honestly, after some more thinking I am feeling pretty bullish on this pairā¦ If Iām feeling really risky later I may enter into a long position. Support seems to have held, and reward:risk would be huge to catch the bounce (which will be quite a decent move, if history is any indicator).
Thatās not a resistance, itās a support 
What broker are you using jadd?
