Forex Price Action

[Forex_School_Online]

Hey guys, got a new video for you on the false break pin bar that we discussed in here and quite a few traders in here cleaned up on.

Safe trading,

Johnathon

[Panupat]

Thank you Johnathon! You’re right, that trade was a great learning experience.

[ddi]

You sure you got the right thread? Follow the price, not the news.

Nice clean chart by the way and if you want to post it so it show it shows up as a chart and not as a link so everyone can see it, make sure you copy the link and then when making your post hit the upload pic like you normally would and use the URL like normal, but make sure to take the Retrieve remote file and reference locally button off.

Thanks Kasravi and Jonathon (nice to meet u btw). Yeah i need to learn how to post chart correctly sorry.

[ddi]

@Kasravi

Hi ddi,

I like your S/R lines, very accurate.
But to the news releases I must remind you that apart from NFP we do not incorporate them in our analysis.

Here is how I see A/J d1;

Price broke through resistance and turned it into support. Meanwhile it created a false break pinbar on the next resistance, which was increadibly close.

With this strong bullish momentum and a close FTA it’s not the best Trade to take. That said, price might slash through support and drop.

'Best

Thanks Kasravi! do u mean u would wait for PA at 93 to go long? If so are u considering the recent bullish candles as a trend? I’m just asking this cause i still have problems regarding the recognition of trends and I often over-analyze the trade ending up asking myself if the immediate preceding trend is solid enough to be considered as a trend etc…baffled!

[fxteddy]

@Forex_School_Online

Heya Funylegs,

Great name!!! Okay so your chart looks fine. Looks like your using Pepperstone so you should have the correct candles for daily/4hr trading.

The only thing I want to say that may help you is the time frame to look at when searching for a trade. It is good and well looking for the very larghe swings and trying to trade with the very overall trend but when it comes down to it we are tarding for periods of 5-10 sessions normally.

Because of this it is important for us to get in with the medium to short trend in our favour.

I guess the best way to explain this is if I upload a chart of what I am looking for on Silver.

SILVER DAILY CHART

Safe trading,

Johnathon

will you explain more about short medium term trend?

[fxteddy]

@Forex_School_Online

What I think it exactly where you have entered is a pretty key resistance area. For me to enter this I would have needed to see this break. It still may go higher but the % play was defintely to see this area break first.

Good luck,

Johnathon

hi jonathon
what are you refering by break here?
the break of pin bars high? or the break of that horizontal line?
could you clear it

[abc2005]

@Kasravi

Hi ddi,

I like your S/R lines, very accurate.
But to the news releases I must remind you that apart from NFP we do not incorporate them in our analysis.

Here is how I see A/J d1;

Price broke through resistance and turned it into support. Meanwhile it created a false break pinbar on the next resistance, which was increadibly close.

With this strong bullish momentum and a close FTA it’s not the best Trade to take. That said, price might slash through support and drop.

'Best

I’d rather to go long on the support . as Kasravi said , we’ve a very bullish market +a giant BUEB on weekly TF .

Good Luck

[abc2005]

Aud/Nzd 8h
with the trend
at a logical support resistance are
a good 2bar reversal on the swing high .

EDIT : somehow I haven’t saw a line of my rules that says the two 4h candles on Fridays is not correct , so the last 8h candle is false . NO TRADE

[Tienji]

Any suggestions here? I’m just afraid of the power that AUD showed last week, but it is a nice pin bar at a significant level and near a BRN of 94

[Kasravi]

@ddi

Thanks Kasravi! do u mean u would wait for PA at 93 to go long? If so are u considering the recent bullish candles as a trend? I’m just asking this cause i still have problems regarding the recognition of trends and I often over-analyze the trade ending up asking myself if the immediate preceding trend is solid enough to be considered as a trend etc…baffled!

@abc2005

I’d rather to go long on the support . as Kasravi said , we’ve a very bullish market +a giant BUEB on weekly TF .

Good Luck

@Tienji

Any suggestions here? I’m just afraid of the power that AUD showed last week, but it is a nice pin bar at a significant level and near a BRN of 94

Aud/Jpy d1 pinbar IN DEPTH ANALYSIS

Price made a quick rush to a solid resistance at 94.00. And made a strong false break rejection. Price action wise that tells me that bulls had great interest to reach that level but lost interest and gave way to the bears.

This is a valid pinbar and it closed far below resistance which was super important. Making this signal both valid and a tradable counter trend. However, next support is quite close. Not too close to make this trade un managable but close enough for me to sit this one out.

In answer to the question of waiting for a pullback to go long. I have to say that if a PA signal shows up at support next resistance would possibly sit close again, inevitably putting this area in a box.

Personally, I rather wait for price to break resistance and form a PA signal to go long on a quick pullback. Or, wait for support level to give way and look for shorts there. I simply don’t see it safe and rewarding enough to trade from here.

'Best

[Mr_B_A_Barracus]

Hey Kasravi just reread your message and deleted mine! I’ll blame it on the beer.

[Kasravi]

Hey Kasravi just reread your message and deleted mine! I’ll blame it on the beer.

Lol. Never saw it.
Enjoy your Beer!!! I bet it’s a bud (Budweiser).

'Best

[Mr_B_A_Barracus]

[QUOTE=“Kasravi;610871”] Lol. Never saw it. Enjoy your Beer!!! I bet it’s a bud (Budweiser). 'Best[/QUOTE]

Lol for some weird reason I thought you were talking about taking the trade and I said that I was interested in the pin bar but wondered what your take was on it being a Friday candle was…I like bud, but I’m on old speckled hen tonight, too many of them it seems as I’ve lost my faculty to read

[jumar]

How about this? Is it possible pinbar?

[cheva282]

@jumar

How about this? Is it possible pinbar?

trade is valid problem was the GAP I would wait for a retracement to enter on a better RR ratio. however if you do this you could miss the trade I prefer miss the trade than enter on a bad RR ratio. its your choice.

[abc2005]

@Tienji

Any suggestions here? I’m just afraid of the power that AUD showed last week, but it is a nice pin bar at a significant level and near a BRN of 94

Your charts are not Ny close . read page 1 and change your broker .

Good luck

[abc2005]

@jumar

How about this? Is it possible pinbar?

Does it have nose 3x size of body ?
No , so it’s not a valid pinbar

[abc2005]

Eur/Gbp
Looking for short on resistance .

[abc2005]

a question .
This is eur/jpy 4h chart.

We’ve a good up trend market , it breaks daily high and closes above .
I’m looking for long from the support.
If it closed a BUEB , is it valid ? I mean can we consider this as a swing low ?
as mr jon said , we go long on swing low . is it a swing low and can we go long from here ?

Thanks

[Velniukstis]

Eur/Gbp
Looking for short on resistance .

Looks very choppy to me. Will stay out.