Hi all, I’m new to trading and after trying all the poor strategies out there after starting off, I decided to give PA a try, as I like the clean charts and the no nonsense set-ups.
In the last couple of weeks of PA trading, I have had mixed results due to S/R positioning and poor trade management, but I am working on it. A trade I am looking at atm is the exotic chef/sgd daily with a PB formed at swinglow on an uptrend. Would you guys look at that particular pair and that set up?
Welcome aboard Armandrmorel,
Post up your chart… and we can all have a look what you are seeing and thinking.
This will help when we can see your S/R levels are out of line and can help you out with it. Otherwise we have no idea what you are seeing on your chart.
Safe trading,
Johnathon
Thanks Johnathon and here is the image showing the set-up and the S/R area too;
It is a pullback area but I am now thinking it was not a big enough pullback, which I will added to my notes/journal.
Hi!
If you look back to the 6th of March, you see a clear cut rejection of the now flipped support line (with 2-3 clear points of contact and rejection) with a very nice engulfing pin.
Although this pin you pointed out is by all means a very nice looking pinbar, the only thing that bothers me is that it does not have a strong enough support as you stated (not big enough of a pullback). If i were to place a stop underneath that pinbar, I would NOT be confident in that stop being strong enough to repel any fakeouts. Oh and not much room to move till the next sign of resistance (depending on how you play your R:R)
Besides that, theres lots of things going for this trade as well, Trend is up, recent breakout to the upside, previous candles indicate price wants to move higher and you got yourself a nice long tail on that PB.
The same fjanos ,nothing.
Hello old folks,
does any know any book that teaches you about market behaviour? e.g. after a breakout, market consolidate awhile to build up orders before shoot up again etc.
much appreciated 
Jack
Hi, May i know which broker you are using? It may not be NY Close IMO
Jack
Axitrader MT4.
The Price Action investing strategy I use is very obvious and easy and something others can understand very quickly. This strategy is not about including everything you will discover and tossing it on your maps or into your dealing. That basically does not work. I have not developed this strategy and everything I educate is something I have discovered from someone else and have mastered to match myself. I am a very self-explanatory and easy individual and have improved my dealing strategy to indicate that.
Thanks!
Rvdmarkets
Are you trying to sell something James your post is confusing.
Thanks for the input, it makes sense.
Does anyone see this next set-up on the EUROGBP as viable? It is in a downtrend, price is having difficulties in breaking through key flip area of support turned resistance at BRN of .83500 and there is a BEEB forming (will wait until en of day). Or should one have traded the 2BR on 18/19th?
Apologies, this pair and its non-trend has already been covered.
Hi all,
Does anyone think this is a good potential future set-up? If so, I must be getting my S/R lines right, short term in red and long term in green…
Yep, I draw S/R on the daily and then look for PA at those levels on the 4H charts, see daily S/R lines in red on daily chart below, looks like they are close to yours, not exactly in the same spots, but same areas, which is good, right?
Hi all,
This set up looks like an A+ to me,
Daily trend is down, hit major long term resistance on the daily chart in green and now is hitting short-term resistance in red and PA has formed at that level, 2BR, see 4H chart.
My only concern is that it has hit rock bottom, see weekly chart and the overall trend is turning, is this a genuine concern or can we still trade this pair until the new trend is established?
Here is the PA on the 4H zoomed in.
Is this pair now considered ranging until a new trend is confirmed and therefore not really ideal to trade on, as mentioned in this thread?
Hello everyone. Just a quick question.
I have a demo account opened with FxPRO. Why my charts don’t have new york close time ?
I have 5 candles per week but every candle close at NY 6 PM (not 5pm). In fact my charts are slightly different from yours.
Anyone can help ?