I think you answered your own question. Trading straight into the teeth of some pretty relevant former Support.
Bullish pinbar should form at swing low not swing high .
Hi armandrmorel,
You should always look for the setup on your S/R areas you outlined on the chart and your areas a great to look for the PA on it. Although 2BR formed at swing low it not appeared on Resistance you waited it to form on and the second candle of the setup closed below your support line ~1.0950 , so if you take it long you could get strong resistance of this area.
Better to wait for the price to rice a little bit and look for SHORT PA on resistance ~1.9050 .
Good luck!
Mr dudest , Itās been a while we havenāt heard from you .
I hope every where you are , be ok and good luck .
[QUOTE=āabc2005;620139ā]what do you think about this missed trade . cad/jpy daily . BEEB at swing high[/QUOTE]
I would not cosider this as swing high. Its close but not high, right?!
Itās not missed. There is too much mess on the left already rejecting your supposed target. that BEEB is not at a real swing high. If you go 2 candles previous the BEEB that is an inside bar which could be a warning sign.
I agree, really missing your accurate comments and tips.
I hope all it going well for you
Heya Yoel,
if a daily trade forms any day, then we set our pending orders and trade it.
The only time we would change this is if the NFP is on the same day and the setup was a US pair, but other than that it doesnāt matter if it is a Monday or a Friday or whatever. If it is a daily setup and it fits your plan, then set your orders to go and let it ride.
Johnathon
I used one lot of charts and another broker to trade for a long time. I am not sure what you mean by discrepancies? Your not looking at the broker that you are using for placing trades to see if anything matches up. All this broker does is take your trades. It does not even have to have charts.
I only look at the one brokers platform for setups and then flick over to execute trades, not to confirm anything with the other āliveā broker I make trades on, if that makes sense? Once you find a setup you should not then be also looking at the other charts as well.
Safe trading,
Johnathon
Heya Arthur,
welcome aboard and great to have you with us!
It is great to have you now that you have gone through the min 50 pages because it is SUPER clear when people post and that have not taken the time to. You will find a ton of info in the links on the front page of this thread including videos and other information about everything price action and of course any questions you get just post them up.
Safe trading,
Johnathon
Awesome trading Yumei!! Keep up the great work mate! :35:
Dudest emailed me about 6 weeks ago informing me that for at least two months and maybe more he would be taking no part in this thread because he was going to be moving and then taking on a large project at work.
He will be back and has not left, but with family and his move etc he has just had to take a quick break and will be back in a few weeks time.
Johnathon
Hi Johnathon. Just a quick note to say āhelloā from London and thank you for this thread. Iāve read it in its entirety over the last two months and shall be joining your site on payday, next Friday. Will the course/pdf teach me anything that I havenāt already picked up via this 1884 page thread? Either way, I am more looking forward to your private forum where I hope there is daily, focused discussion with like minded souls in a (trading) language that is now familiar to me. Most of all, Iād love to have somewhere to post up a trade Iāve taken/thinking about taking and have my reasoning validated or constructively dismissed (by other, more knowledgeable members) to improve my abilities. Is this the case? I mean can members start threads/post trades etc or is it a one-way affair from your end (I hope you understand what Iām trying to say there) Also, do you personally still take an active role with regards to the weekly market update mentioned on your site?
I eagerly anticipate your replies and I hope that in about 3 months time, I can quote this post and give a detailed review from a satisfied perspective.
All the best, Rob.
My two cents are, we are about 3 hrs from closing so i would wait until the coming week. Lets see how the market opens on Monday. So have a great week-nd , go and enjoy the beautiful beaches in Mexico.
Thanks Tony! (the nearest beach is like 7 hours away!,:59:)
Have a good weekend everybody!
Just out of curiosity , now that that pin bar has formed, what do we do with the engulfing bar that is right next to it? I am still in the learning stages so just asking for future reference 