Overall down trend and bearish pinbar at swing high after the pullback. Thoughts?
No one responded because your on the right track,why fix something thatās not broken and you also pointed out a back up plan that you put in place. So i say your doing great mess7777.
Heya Velniukstis,
as these guys said; not a BEEB as does not fully engulf the previous candle. Need the high to be higher than the previous candles high and low to be lower. This takes into account bodies & wicks. Make sure you scroll through the links on front page if you havenāt already and post up any other questions if when you get them 
Hello Yooha,
welcome to the thread. Please make sure you read the first page of this thread and when posting charts post with no indicators.
I look forward to seeing your charts and thoughts,
Johnathon
Hello Fjanos,
thatās right we do. We make trades with the trend, against the trend, in ranges, false breaks etc
It is crucial that when we are making a trade in a trend that we play a trend from a pull-back. When playing a trend against a trend or top of a range there will be no āpullbackā so to speak because price is all ready at the swing high or low. The key is that price is at the swing point and as long as traders are playing at the correct swing point and not trading reversals as continuations, what they are doing is correct.
Johnathon
Firstly remember; each chart has their own trend, so if you are trading the daily, then it is in an up-trend, but if you are then going to the 4hr chart, you are no longer trading with an up-trend on it so you canāt either look for up-trend trades or manage as if you are placing an up-trend trade. Thatās important. A quick look at that 4hr chart will tell you there is no up-trend going on.
If you are going to place a trade on that 4hr chart, then you need to assess that 4hr chart and the price action story and what is around it.
On the chart below I placed a level directly on-top of the BUEB and I zoomed the chart out. I zoomed the chart out just to highlight how choppy this pair is how many candle levels there are all over the chart every where. To answer your question you put upā¦ Would you feel comfortable trading back into this area?
USDCAD 4HR CHART
it is but look at the size , you should look for big , obvious pb forming from at swing high/low .
Hi,
Been following and reading this thread with interest. I understand the use of NY close charts as that kinda determines the āāendāā of the session when NY closes. However Iām trading with another broker which closes at the 12pm of Tokyo, which is totally different, but what are your opinions of still āātrading what you seeāā, and if a valid pin appears (for example), will it be any less reliable than a pin bar formed with a NY close charts? Thanks.
Hi all,
Question to those who were lucky smart enough to take this trade, including me :41:, could you give me an idea of your sl and tp targets, as I am still very new to this.
I have my sl at 1.61521, towards the high of the PB, more so at the level of traffic to the left of it.
I have my tp1 at 1.58572, towards the bottom of the pullback.
Tp2 is at 1.55850, towards the previous area of pullback.
Am I way off?
Ok, thank you for clarifying Johnathon, it is all starting to make sense now. I was in the habit of placing my s/r and key horizontal lines on the daily charts, but then going to the 4H charts to find the PA to match the trend of the dailyā¦
Another question for you is, for example on the 4H chart attached, I have marked key areas, the important ones in green and the not-so-important in red, would you trade at the red lines or wait until price gets to the green ones?
Are they actually in the right spots??
Hey mate, the whole idea of trading with NY close charts is that itās what the big guys - most banks and funds around the world, not just in the U.S. - use for their charts. Their money is what moves the market.
You can always use a demo for charting that you know is NY close (i.e. Pepperstone which has been mentioned many times in this thread), but place the actual trades with your broker.
These types of A+ trades are trades that are worth waiting for after couple of weeks of slow action!
Dont ever lose your patience and take non A+ trades!
Currently BE, TP1 Soon!
Jack
Good work my friend!
Could you share your sl and tps? Iām still learning and find that I sometimes get carried away with mine and the winning trade turns into a losing oneā¦
Hey armand,
The reason i cant show you is that i do not want to look at my trades till tomorrow market close due to some psychological factor as i do not want to look at my trades too often. Anw, my SL was at the bottom of the Pin and 1st TP is the top of the previous few bars. i move to BE when price when up by about 30 Pips from the Pin.
Remember, there are 4 things you can do when price reach FTA,
- Nothing - not recommended unless its a strong trend.
- BE - does this most of the time
- Take Partial profit - also recommended
- Take full profit - depend on the RRR
So its your choice how you manage your trade. No matter what you do, plan your trade before hand when the marketsā fluctuation is not affecting you and then trade your plan and dont ever change it.
Hope this helps 
Jack
Thank you, much appreciated, letās hope it goes in the right directionā¦
Hi all,
Are any of those set ups worth taking a closer look at, come Sunday?
USDCHF not USDCAD
Too much traffic in box? PB forming slightly too high?
BEEB forming at swing high of pullback, rejecting key s/r area? Is this pair in a downward trend since the highs of 24th March?
PB forming at triple top, showing trend reversal, go short with tight sl and tp, as heading into traffic?
Still learning, so keen to hear feedback please,
armandrmorel what i do is, i wait until Monday and then evaluate those pairs . Usually the market will calm down about 3 hours after the opening. I will then consider to take a trade, the market will be there long after iām gone so i am not in a hurry. Have a great week-nd and go and have fun. Spent some of that money you made. 
Hi Jadd, thanks for the heads up.
Will you know if taking entries looking at NY close charts will have any implications, example such as getting stopped out in my own broker whereas the NY close broker wont, etc etc?
Does anyone know if the kinetick free daily charts in Ninja Trader use the NY close?