Forex Price Action

I’ll draw as many lines as I want to :stuck_out_tongue_winking_eye:

Needs to be at a swing high.

Hey Kas!

I’m actually on the move (but not on the Duc!)
Posting from mobile; lots going on in other life, hence 'silence’
Hopefully all will work out fine

All the best!

Cheers :slight_smile:

GBP/USD buy , EUR/JPY buy :slight_smile:


PB rejecting daily S/R level.


PB rejecting extreme low of a range.

I. agree. for. set up buy. GU


PB rejecting daily resistance level.

the pinbar is small , it can work but have an eye on 1.6637

I’ve set my orders yesterday on 8h pinbar , but the pending orders are above 1.6637 .

Good luck


yesterday at us session i posted this setup and opened buy position
today at asain session the setup is in profit
who are with me and bought this pair from this value point can come
break even now
good trade!:33:

don’t we wait for price to break the signals bar high or low?

absolutely ,this is what mr jon said hundred of times,
I think he meant something else on that post .

I bought it yesterday too .
tp1 on 1.6688

Gbp/Nzd and Eur/Nzd have developed nice looking PB on 12h chart.
Worth keeping an eye on.

'Best

Standard practice is, to place a stop order beyond the pin. So even if the bar after the pin reverses you are in the trade. More often than not it just runs after the top of the pin is broken.

EDIT: couldn’t remove it .


gbp/chf is making a beautiful and big 8h pinbar / BUEB .


Good day guys

I am really trying to make sense of this PA thing, I have been trading for over 8 months now but yet learning to trade using PA.

I have sent a privte message to the person who started this thread and nothing yet though.
I want to know a few things, look I have gone through over 80 pages of this thread, and frankly I am still a bit stumped as to where you place your S&R lines.

Does everyone get the same lines all the time?
Does everyone use different time frames and which work best though?
When drawing S&R lines how do I place them on my chart, ie through candle bodies or just though the wicks?
If I could even find somewhere which makes it easy to read I would do this also even, any one know where I can.
Don’t get me wrong I am not looking for setups etc or a quick fix I am more then willing to learn and read through as much as I can, but I don’t see the point if all I get everytime is an explanation of something but as to how and why you would for instance place a line where it is how it works.
I am looking at charts everyone has posted and when I look at them they do make some sense but then again I would of placed Resistance lines higher or lower then what some of you have placed them, this obviously makes for a winning or losing trade or am I wrong though.
I appreciate any help I can get, as when I used indicators I did not find them as useful as the picture they show me, and you miss trades as dont get the setup until a few candles depending what time frame afterwards

Thanks so much guys and happy pip huntings to you all

Hi
identifying correct SR and important SR is something that you’ll learn over time and it takes a long time , don’t panic yourself .
just switch to Daiily TF, look where price is , then look for the nearest swing high and swing lows , look how much price respected the level ,the first lines that get your attention is the most important one . the lines that you pay too much attention , zoom out and zoom in to identify them , they are not much important .
a very important note , only mark your levels on Daily and Weekly TF and only 2 line . this is what mr jon tough us and it’s really important , if you look intra dairy SR, there are tons of lines and SR areas that make you nervous .
this is what I do and what mr jon said .

Hope it helps you
Good luck

In addition to what abc2005 said:
Keep practicing, keep doing it. Open up new charts and find them. Don’t be shy to realize that you’ve misplaced lines and need to adjust. After a while you get a good eye for placing them. Higher timeframe S/R is more important, but don’t completely disregard the minor ones during trades. Think of them as bendy so price might pierce through only to bounce back. That doesn’t mean the S/R is at the end of that stab. Also keep in mind round numbers. Sometimes the best thing to do (for me, because I’m still learning too) is to get rid of all lines and do it all over again.