Forex Price Action

[fxteddy]

Most certainly, there is always a reason why a trade doesn’t pan out. However they might be technical might not. There are endless reasons, from what happens on the frontier dealing desks to patterns and supply/demand zones to the jawboaners on the news.

But nobody can gather everyones mind and funnel them into one direction. That’s why we try to simplify this process as much as possible. The usd/chf trade in question wasn’t the best signal. Interestingly price moved to FTA and bounced.LOL

Trading is not the easiest business:56:

Best

i am fully agree with you mate!:p:35:

[westpest]

Ahh nice, smart move

I wouldn’t be looking to short it yet, there is a possibility it could go to the downward trend line, but there is a possibility it could stall after another small rise, then drop back to the neckline, so that would be the place to look to go long again.

Also, bullish momentum is strong, maybe Mr.Fox would know better… lol

Near Lisburn, out in the sticks lol, where did you live here?

“County Wexford”

In the middle of nowhere beautiful country though.

[fxteddy]

this pair is an uptrend in 6 hour chart
nice pullback
and then a nice and obvious pin bar forms
i shorted this pair on daily chart yesterday and took my profit
in half portion about 50 pips in fta
the rest is in break even so now i am running free tarde
and today i am going to long it based on
6 hour chart
i manage my trade based on each chart individually as i think every chart has
its own history
is it messing way or smart way in trading ?
will some expert come forward to answer my question?

[fxteddy]

@QUESTION

:58:

nice 2 bar reversal
i am going take this trade although
the market is choppy somewhat
but the bearish bar satisfy me enough to take this trade

i am going to long it today based on 6 hours time frame
however i made profit sellling it yesterday based on daily timeframe
in 6 hours

[fxteddy]

in recent momentum this pair in downtrend
we are going with trend
we saw a nice pullback occur in a nice resistance area
so we can short this pair
what do u think all my price action mates?

[fxteddy]

This is a reversal IB, and you are playing it from the neckline of a H&S pattern, so might be a risky one as the neckline has a chance of breaking… Take care (You entered too soon btw…)

i am confused as a price action trader should we take into account other method like chart pattern head and shoulder etc? will some expert solve this case?

[fjanos]

@QUESTION

:58:

nice 2 bar reversal
i am going take this trade although
the market is choppy somewhat
but the bearish bar satisfy me enough to take this trade

Your target is too way down. You should just get to 0.83300 because that’s a Key level anyway I missed this 2 bar which was a good setup.

[fjanos]

I missed this 2 bar. anyone took it? Please tell me how you did it.

[fxteddy]

@fjanos

Your target is too way down. You should just get to 0.83300 because that’s a Key level anyway I missed this 2 bar which was a good setup.

thats why i said i already took partial profit and now running this tarde in breakeven
i mean free tarde
got it?

[fxteddy]

@fjanos

I missed this 2 bar. anyone took it? Please tell me how you did it.

this is not a tradable and perfect setup
as there is no retracement
and this is super high
so i think we should avoid this setup
rather go to 6 hours chart some valuable set up
you will get
for now for sure

[ddi]

@fjanos

I missed this 2 bar. anyone took it? Please tell me how you did it.

I took it and i’m really disappointed!!! my take profiti was 2 pips below the pin low…i could not access my phone and when i did the price was up…i had already moved my SL to break even and my final profit was 15 pips less than planned…forex sucks sometimes…

[Ennyone]

hey guys

please have a look at the following two setups. Bars have not closed yet so this will be the first thing that has to happen before any trade will take place. But lets assume they close as valid bars.

The first trade would be short in GBPCHF D1 with a nice, long pinbar. I’m not that sure about the first TP. At latest it has to be taken at 1,45 but there’s also some resistance at 1,452 which can also serve as our TP1.

For the second setup NZDUSD in D1 I have to admit that the pin is a bit small and there was that big bearish bar right behind the pin. The area though is good and the latest uptrend is retracing atm.

cheers

Ennyone

[tonyro44]

Good for you , but i’ll wait until after the US news , even though PA has little to do with it if ur trading the daily.I will also check on the weekly to get a better picture.

hey guys

please have a look at the following two setups. Bars have not closed yet so this will be the first thing that has to happen before any trade will take place. But lets assume they close as valid bars.

The first trade would be short in GBPCHF D1 with a nice, long pinbar. I’m not that sure about the first TP. At latest it has to be taken at 1,45 but there’s also some resistance at 1,452 which can also serve as our TP1.

For the second setup NZDUSD in D1 I have to admit that the pin is a bit small and there was that big bearish bar right behind the pin. The area though is good and the latest uptrend is retracing atm.

cheers

Ennyone

[Ennyone]

thanks for your reply tonyro. Which news do you mean? On my “news-list” there’s no important news from the US tomorrow… maybe I’m missing on something

[adamjn]

I suggest you read the thread again boss, both are horrible looking trades IMO, selling at a swing low and buying a swing high, I thought it was the other way around.

EDIT: That sounded a bit rude, was in a rush.

Pin bars are bought at swing lows, so price has to be at a low, the pin bar has to stick well out from all other price action, and if it is with the trend, it is even better… opposite for selling, sold at swing highs.

hey guys

please have a look at the following two setups. Bars have not closed yet so this will be the first thing that has to happen before any trade will take place. But lets assume they close as valid bars.

The first trade would be short in GBPCHF D1 with a nice, long pinbar. I’m not that sure about the first TP. At latest it has to be taken at 1,45 but there’s also some resistance at 1,452 which can also serve as our TP1.

For the second setup NZDUSD in D1 I have to admit that the pin is a bit small and there was that big bearish bar right behind the pin. The area though is good and the latest uptrend is retracing atm.

cheers

Ennyone

[Ennyone]

hey adamjn,

well I’d say this is a swing high from which I want to sell. But if you guys still say it’s not then I definitely have to read the thread again… below please see a detail of my chart posted above

[Mr_B_A_Barracus]

[QUOTE=“adamjn;613929”]I suggest you read the thread again boss, both are horrible looking trades IMO, selling at a swing low and buying a swing high, I thought it was the other way around. [/QUOTE] That is not true, that GBPCHF is not at a swing low, whilst it’s not the best pin bar in the world, it is a pin bar which has formed at a swing high and maybe considered as a retracement. I personally am already in the 4hr Pinbar.

[EternalNewB]

Off course take my comment with a grain of salt but the level of the GBPCHF is pretty relevant my eyes

[EternalNewB]

That is not true, that GBPCHF is not at a swing low, whilst it’s not the best pin bar in the world, it is a pin bar which has formed at a swing high and maybe considered as a retracement. I personally am already in the 4hr Pinbar.

You are then already in the money However the 4h pin bar closed above support line here on my chart, care to share your S/R line ?

[fjanos]

@QUESTION

this is not a tradable and perfect setup
as there is no retracement
and this is super high
so i think we should avoid this setup
rather go to 6 hours chart some valuable set up
you will get
for now for sure

Your judgment is not accurate. 2bar reversal at swing high. No retracement which means this 2bar could initiate the retracement, you can trade those too, that is still PA.
-Super high?? what do you mean?

-I think the problem is the minor level that is under it where the FTA begins. You could still profit about 50 pips.

“rather go to 6 hours chart some valuable setup…” You mean to trade the same pair but different TF? If you go short there than it is the same price movement and you get the same trade