Forex Price Action

[dudest]

@fjanos

Could it be a 2 bar reversal?

Yes, but has already broken and hit FTA ==> train left the station long ago, wait for the next one

Cheers

[dudest]

@hanz0

What do you people think this kind of pins?

EURGBP 1D

Hi hanz!

Tell me what you think about them, and I’ll tell you what I think about them

[goldenfisher]

There was recently 1 Engulfing bar trade that hit my stoploss whereas it missed another member’s pending order by only 0.3 pips.

Mmmm I might know who that was…

[Chromeo12]

Be careful about trading GBP or EUR pairs today. Few big announcements involving interest rates etc.

I’ve seen a few, what I think are, good setups involving both currencies but I’m staying out for now.

[kongminh113]

Today is just not a good day to trade

[hanz0]

Hi hanz!

Tell me what [B]you[/B] think about them, and I’ll tell you what [B]I[/B] think about them

Well I really don´t know for sure. They are in in high peak of trend but what is 2 bars like that saying?

hanz0

[dudest]

Be careful about trading GBP or EUR pairs today. Few big announcements involving interest rates etc.

I’ve seen a few, what I think are, good setups involving both currencies but I’m staying out for now.

If you see anything trade-able as per what price is saying, trade it. Following news with this method is a stumbling block

[dudest]

Well I really don´t know for sure. They are in in high peak of trend but what is 2 bars like that saying?

hanz0

Well, (to me), just that the level 0.8300 is still holding, and if all factors remain constant, price may find it’s way down again.

That said, the two pin highs are a higher high than the previous high, and the low before the pins is a higher low. So while the level 0.8300 appears to be holding, there’s definitely upward pressure.

For me, that means: wait for price to show its hand more (clearer direction)

Cheers

[abc2005]

The market is in absolute range , the reason is the big newses are coming today and specially nfp tomorrow.
Hope to see some movements…

[Psych0F0x]

Go long if passed the pinbar high convincingly? After finding this I noticed that at the pinbar high area has a lot of resistance, so probably not an A+ trade anyway. What do you guys think? Or is the pinbar too small?

[Velniukstis]

@Psych0F0x

Go long if passed the pinbar high convincingly? After finding this I noticed that at the pinbar high area has a lot of resistance, so probably not an A+ trade anyway. What do you guys think? Or is the pinbar too small?

PB too small, not swing low.

[dudest]

@Psych0F0x

Go long if passed the pinbar high convincingly? After finding this I noticed that at the pinbar high area has a lot of resistance, so probably not an A+ trade anyway. What do you guys think? Or is the pinbar too small?

Stay away Psych0!

Small pin

Incorect swing point [ You should: Buy low, Sell high; not the other way around ]

No pullback or range low to buy from

–> Read 1: Forex Trading Signals to Avoid

–> Read 2: Price Action That Sucks Traders In…

.

[Psych0F0x]

Stay away Psych0!

Small pin

Incorect swing point [ You should: Buy low, Sell high; not the other way around ]

No pullback or range low to buy from

–> Read 1: Forex Trading Signals to Avoid

–> Read 2: Price Action That Sucks Traders In…

.

Thanks, I sheepishly assumed the swing high was the big bar that pushed through resistance and the low was the pinbar/pullback after breaking the zone forming. It all makes sense now.

[fjanos]

@cheva282

It seems like a valid 2br … But doesn’t seem to be working

Yes, but has already broken and hit FTA ==> train left the station long ago, wait for the next one

As for the setup. It could have been a proper setup right?

[fjanos]

I got lucky on this one :41: it was close yoo:37:

I noticed the pinbar but I didn’t consider it very proper and too much traffic on the left and than the indecision on the right. Anyway I entered sell trade for 15 pips to give it a try. It triggered my TP but than suddenly in some seconds it shot up because of the news.

[MaineForex]

Thanks, I sheepishly assumed the swing high was the big bar that pushed through resistance and the low was the pinbar/pullback after breaking the zone forming. It all makes sense now.

I have to agree with Dudest!!! You OBVIOUSLY have not read much if any of the first 20 or so pages that are essential to learning the methodology used. You are merely throwing darts. Just my personal opinion.

[rcreddyvanga]

EUR/AUD Pin bar forming on Daily Chart, H4 pin bar already formed.

Chart EURAUD…, D1, 2014.02.06 17:22 UTC, Ikon Group, MetaTrader 4, Real - MetaTrader Trading Platform Screenshots

[Psych0F0x]

I have to agree with Dudest!!! You OBVIOUSLY have not read much if any of the first 20 or so pages that are essential to learning the methodology used. You are merely throwing darts. Just my personal opinion.

Sorry I just woke up when I saw that. Also, just because I haven’t mastered it doesn’t mean I haven’t gone through the beginning of the thread. I have and I go back to it over and over until I get the hang of it. Part of the learning process is to put up what I think is a setup and get it ripped to shreds It helps me get a better understanding of what I don’t understand. In addition I have other sources that I learn from and might “mess up” my perception of what is a correct trade. My apologies if my ignorance bothers you. I’m merely a student with dumb questions so please bear with me.

[cheva282]

[QUOTE=“rcreddyvanga;599160”]EUR/AUD Pin bar forming on Daily Chart, H4 pin bar already formed. Chart EURAUD…, D1, 2014.02.06 17:22 UTC, Ikon Group, MetaTrader 4, Real - MetaTrader Trading Platform Screenshots[/QUOTE] I like this one, but let’s wait until the candle close , so we can take a decision. Support and res are ok trend is with us… Or at least not against us… So that’s good

[Kiwiman]

Sorry I just woke up when I saw that. Also, just because I haven’t mastered it doesn’t mean I haven’t gone through the beginning of the thread. I have and I go back to it over and over until I get the hang of it. Part of the learning process is to put up what I think is a setup and get it ripped to shreds It helps me get a better understanding of what I don’t understand. In addition I have other sources that I learn from and might “mess up” my perception of what is a correct trade. My apologies if my ignorance bothers you. I’m merely a student with dumb questions so please bear with me.

Hi PsychOFOx.
Good on you for putting up your charts and questions. It can be hard and we all get to learn from them. I also regularly refer to the front pages as do a lot of others so don’t feel alone. Repetition is how we learn and retain new things.
The way I see it there are no ‘dumb’ questions either, as we are just needing clarification or confirmation from the group to uncertainties we need help with. The senior members who pass on their knowledge to us, do so freely and without any malice time and time again.

happy trading
Kiwiman:)