Forex Price Action

[fxteddy]

Hi Q,

I’m afraid you entered an intra day trade outside a major trading session and that, is an absolute no go!
We take intra days through the London and U.S. session, preferably while they are overlapping. Any other than that And you are likely to get a fake entry.

I advice everyone who hasn’t read the key links on each topic of the first page to go and do so. It is a must and will safe you lot’s of money and headaches.

'Best

thanks for your quick reply
i read this in first 100 pages i remember now
but when i took the trade then i forgot that
however again thanks mate
WELL DONE !

[Kasravi]

hi kasravi

After seeing the chart you posted from FSO I am having some confusion/confidence issues with my S/R lines placements. With the AUDNZD chart that is being discussed, my S/R lines appear to be not quite right. Others appear have placed similar S/R levels to me. The blue line is what I determine as FTA

On your chart there is a S/R line drawn at 1.0673. To me that is an FTA, not a swing low/high. —AH hold that thought–is it marked as a Support line because that area used to be resistance, price broke up through and so now it becomes support.[B] Is this correct?[/B]

Yes correct.

We seem to agree that the two lower areas should be marked, but thought of as what? S/R or FTA?

The top resistance area is where we really differ.

Any guidance is appreciated

Kiwiman

I as Johnathon believe the marked area was former resistance turned support and now resistance again. That alone shows the signifigance of that level. Trading from that level is absolutely valid but because of the slow market and inevitable noise I would be very cautious taking trades from here. I would treat any PA signal as part of the price action story nothing else. Interestingly there are a lot of traders still having short positions on this trade from the former massive daily pinbar. So let’s see how things work out.

'Best

[Kasravi]

@maperdel

I’m on the NZD/USD too…being patient.

What do you guys thing about the 2 Bar Reversal on XAU/USD?. I think it is counter trend, I’ll not take it, but I want to hear opinions about it:

Hi maperdel,

That is an obvious Inside Bar not 2br(regarding gold daily).

'Best

[Kasravi]

@jumar

EURCAD D1 is it valid pinbar?

Hi Jumar,

Yes meets all criteria.

'Best

[fxteddy]

@bhops

Hi Q I would actually like to see the wick of the PB break and ‘snap back’ through this zone rather than just touch it.

thanks for quick reply
your explanation convince me and help me learning something new about trading:(

[fxteddy]

@bhops

Hi Q I would actually like to see the wick of the PB break and ‘snap back’ through this zone rather than just touch it.

thanks for quick reply
your explanation convince me and help me learning something new about trading:(
WELL DONE MATE !

[Kasravi]

@cwchong

PB rejecting daily S/R level.

Hi Chong,

Nice Setup. It’s the time of the day concerning(at the time of you posting the chart we were in no major trading session). And fakeouts are very likely.

'Best

[learningpips]

How do we determine whether it is a good s/r zone in this scenario. We need to go on to monthly chart to see it. and in monthy there is no real S/R in this level

Hi Jumar,

Yes meets all criteria.

'Best

[abc2005]

How do we determine whether it is a good s/r zone in this scenario. We need to go on to monthly chart to see it. and in monthy there is no real S/R in this level

we mark the levels on Weekly and Daily and nothing under 4h .
then we look for the price to reach these levels and give us PA .

[learningpips]

we mark the levels on Weekly and Daily and nothing under 4h .
then we look for the price to reach these levels and give us PA .

Thanks for the response. But in the eur/cad scenario there is no levels in weekly or daily as price is on top of the price range ? how do we determine whether it is rejecting a key area

[Velniukstis]

@learningpips

Thanks for the response. But in the eur/cad scenario there is no levels in weekly or daily as price is on top of the price range ? how do we determine whether it is rejecting a key area

On my charts EUR/CAD sits right on the support and that line is marked on daily and zoomed out, but as if you look at recent swing highs you can put it a little bit lower and then it becomes resistance, so this one depends on how you mark your S/R

[fjanos]

@abc2005

possible Nzd/jpy trade on 4h with the trend

Yes an uptrend continuation is forming but it is still far away from my resistance. I’m sure you’ve already moved your R/S levels upward for now.

[abc2005]

@learningpips

Thanks for the response. But in the eur/cad scenario there is no levels in weekly or daily as price is on top of the price range ? how do we determine whether it is rejecting a key area

there is an obvious swing on eur/cad

I suggest you to read first 50 pages , forexschoolonline videos and articles and the page 1 link .
They are really helpful and essential.

Good luck

[abc2005]

@fjanos

Yes an uptrend continuation is forming but it is still far away from my resistance. I’m sure you’ve already moved your R/S levels upward for now.

you’re right , What I meant is I’m looking for a pullback on support to go long .
as you said , we’re far away from resistance ,my resistance is on 87.00 + RN.

[fxteddy]

this is a valid pin bar reversal
formed within previous bars high and low
coming from a small trend
the big trend is down and this is a bearish pin bar
but the only problem is zone
this pin bar did not form in correct zone
so should we take this trade?
or my support and resistance zones are not correctly plotted?
i am expecting all experts comment :35:

[fxteddy]

this is exactly what we need?
pin bar forms between previous bar and after a short term trend
and it also form in a valued zone
so i am going to take this trade

[Kasravi]

formed within previous bars high and low
coming from a small trend
the big trend is down and this is a bearish pin bar
but the only [B]problem is[/B] zone
this pin bar [B]did not form in correct zone[/B]
so should we take this trade?

Just re-read your own analysis. You answered your own question.

'Best

[fxteddy]

Just re-read your own analysis. You answered your own question.

'Best

but i am afraid that whether my zones are correct or not
however thanks for quick reply
go ahead!

[Kasravi]

so i am going to take this trade

I can’t stop thinking that the only reason you are taking this trade is because it offers you a superb risk to reward ratio.
Let me guess you probably unloaded the better part of your account on this trade? If that is the case than you just got caught in one of trading’s biggest pitfalls, ‘Revenge Trading’. Where your goal should be quality trading.

'Best

[D37945]

I am new to PA trading so bare with me. After looking at “Questions” graph it looked like a great setup to me. Can you please explain why the zone is the problem? Is it because we are trading into a RN with traffic?

Thanks for your help. I really feel I can grasp this concept as long as I stick to the rules and analyze the charts correctly.

Just re-read your own analysis. You answered your own question.

'Best