I am waiting on this breaking out higher, or if it does break the bullish engulfing low, I don’t think it will go down that much, it looks like a bottom could have formed, just my 2 cents, not saying the beeb will not work and drop and make a new low.
Come on guys shoot us with the critics.
I think there is way too much traffic. BEEB is valid but It’s not a long and obvious one. I only entered with a 15 pips.
I didn’t take this trade but it could’ve been a valid pinbar and setup right? and as anyone can see it could’ve STOP LOSSED OUT.
Any comments on this one? Would be great help.
Without zooming out to see what’s around, it looks like a valid pin. Support being very close and counter trend may be the reason to stay out.
Am I right If I took this BUEB I would straight trade it into traffic? So it’s not advisable to take it
NZD /JPY 4H
You trade Bullish engulfings from swing lows, and bearish from swing highs, that is at a swing high.
This is not at my marked daily level, though this pair is in an uptrend, this could just be a pull back.
Is it a counter trend?
On daily there is a downtrend and it continues with the pinbar at swing high
downtrend on 4h
That’s why you gotta show a zoomed out chart lol.
Yes, it’s a 2BR. Not the best, but still a 2BR (the best ones look like a pinbar when combined)
Interesting, NY-close is also my midnight.
90-something % of the time, Daily setups do not break in Asian session, so by the time you are up, most setups are still valid ( even early into London session )
But if you find it broken, just let it go; remember for the most part, this is a mind game -> keep your mental state intact by not chasing, wait for another to come to you [ they always do ]
Cheers
Bummer for the turn-around, happens…
I think the limit order will work for you U.S. guys (with your ‘special’ regulations and all…)
For the rest of us, it will open an additional trade.
Another way would be to split your 0.1 lots into two, each with its own TP ( same SL, different TPs )
Cheers
Exited this trade about two weeks ago just under the current support ( i.e, just under 1268.00 )
Waiting for a re-entry on the Daily
Cheers
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Doesn’t look bad. The pair has been making lower high and nice distance to FTA too.
Not as big as I would like, especially looking at those green bars, but could work out as it looks like in upper side of the chanel, however I’m not taking it.
As soon as you say something along the lines of “it iss not as big as i would like” then it doesn’t fit your criteria as an A+ trade. Walk away.
I don’t like that pin either…It doesn’t stand out…shame cause it could’ve been a great setup…
EURO/DOLLAR Daily
Long Term Trend is up.
Short Term is down.
Price is rotating lower into a value swing low area.
Wait for buying opportunities @ Broken Resistance new Support.
Pin-bar insignificant size compared to bars around it.
Doesn’t stick out away from the bars around it.
Counter trend trade against the long term trend.
Last Higher low of long term trend still intact.