a nice BUEB was formed on D1 XAUUSD at key support. i took it. how about others?
I took it on demo, not because I saw it myself, but it was mentioned on FSO. Although I have my s/r lines right, which is good, as I am still learning.
I have my tp1 at 1307 and tp2 at 1320 with both sl at 1300, making the rr not great on the tp1 but ok on the tp2.
Where are yours?
Hi guys
im new to the forex community, just finished the first 100 pages of this thread and cant wait to put it into practice.
quick questionâŚ
I have opened a demo account with axitrader and downloaded the mt4 platform. I believe they do use New York Close charts so 5pm in newyork in 22:00 here in london where i live. But why does each daily candle on my demo account close at 0:00 (midnight) should it not say that it closes at 22:00 as that is the equivalent to the time in new yorkâŚ
not sure if im just missing something here but its making me quite confused
cheeeeeerrs
If you check the time at the top of the âmarket watchâ window it should be 2 hrs ahead
of London time, that is the server time. So the candle will close at 0000 hrs by the chart
however itâs 1700 hrs NY & 2200 hrs London.
Donât worry it will eventually make sense (or not) however as long as you are looking
at the same charts as all on here it will be ok.
I thought to take it , but itâs a sort of a "not with the trend " trade. Acctualy i am not sure how to identify it.
From one side it looks like double bottom pullback of an uptrend so itâs OK to take it long.
From other side it looks like the uptrend is âunhealthyâ / was broken, so it sort of a counter trade or range trade.
This is the reason why i passed it, but the BUEB looks very impressive on a nice swing low point.
Good luck Yumei !
Nah it just seems to say 23:59:59 next to where Market Watch is written 
Im probably sounding quite stupid right now lol. Im just not sure if this will mean to place my trades at 22:00 when the day is over or place my trades at midnight when the candle closes on the actual chart its self,
Thanks for the first response though, much appreciated
Hi Armandromorel,
my TP1 is 1328, which this trade, TP2 is 1351. sl at 1266 below the bueb candle.
Hi Arthur,
The pice fail to break the previous swing low so its still is up trend, just little weaker. it maybe turn in to ranging market. so with this trade i will close almost my possition at TP1 1328.
I was out on Friday and missed this but I would have actually had a crack at it, LOL. Really solid level and at a double bottom. Quite subjective this particular trade and I can see why many would pass on it which would be totally understandable.
I donât know how this panned out but I would have much preferred to see the wick of the Pin break and snap back past the level where you have your stop marked to create a truer âfalse break.â
Hey bhops,
By the setup, I would have taken this but what about the risk reward, From what I calculated, I couldnât get 1:1 RR with this. If you donât mind, can you share ur mm with me in private? I am kind of working on my MM right now as I know it is the key to be consistent profitable. Just want to have an idea how seniors take this.
Cheers.
Jack
Hey, Iâm new to this thread. Iâve been trading with PA for half and year now, but not so successfully 
So this seems like a great thread for me. What do you guys think of this setup ? If we get a nice bearish PA would it be a good sell ? (with the target around 1.58). EUR/NZD 1D.
[QUOTE=âarmandrmorel;623724â]Hi all, Is this a 2BR at key level? <img src=â301 Moved Permanentlyâ/>[/QUOTE]
Hi there,
This may play out to go short but the signal doesnât appear to be super clear or obvious through May technically be a valid 2 bar. I think we should use more obvious signals especially as this could be a range trade. I like the level though.
Iâm demo trading. Interested to see what happens.
Hi Mazatov,
there are 2 things i dont like this trade
1, the price still not hit my level, around 1,62400
2, the BEEB is quite bullish with a long wick, it mean the pressure of buy guys still strong, also lots of trafic on the left, no room to move. good luck if you trade it.
Hey Yumei. Iâm not trading it just yet. I was more putting it here as a potential trade if we do see a strong BEEB in the next few days. The zone I highlighted is where Iâm looking to see the BEEB. Itâs from apprx. from about 1.6180 to 1.6210. So itâs a bit lower from your zone.
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[quote=âabc2005,post:18833,topic:41718â]
Heya guys,
first of all I have been travelling of late so have not been in here as much as would like, but hopefully will make up for that over next few days with helping where I canâŚ
To clear up this one; the two bar works the same as the pin. When price breaches the other side of the signal it makes the trade no longer valid. Price does not have to close above or below the signal.
Think of it as if we were in the trade and out stop was there because price is moving into exactly where out stop would be if we were actually in the trade. Although we donât discuss stops in this thread too much at all, they should be placed in strategic spots where if price is to take them out, it is prices way of signalling that the trade is over and the chance of the trade then going on to work out is now really slim. This is the same for if price breaches the high or low of the opposite side of the pin bar or two bar before we have entered the trade. The trade is no longer valid and the orders should be pulled.
Johnathon
I really love this idea and if you have any more great ideas please post them forward.
There are three main problems though;
1: New traders coming through donât know what a good or bad trade is and will simply follow, rather than over time build and learn their own style. They will copy and rely on others for their trades.
2: Every trader sees things slightly differently and has a different plan and different rules. No one trade will ever be perfect for everybody and no one trade will ever be entered by everybody because we all see things differently and have different plans. We all manage things differently and this is a great thing, but for what this is trying to do I just donât think it would help the end trader because for their individual trader, they have no idea if all the other voting see things how they do or completely differently and this could just lead to confusion or more second guessing and then doubt.
3: This is the major point and it is that one of the major issues all traders struggle with is taking full responsibility for their own trading. We all think we do, but most of us donât. The reason indicators are so popular is because they give traders something to blame when a trade does not work out. The trader does not have to take the full responsibility for the loss. Whilst I think this is a great idea, I think it would ultimately hurt overall trade development. Traders would fall back on it and rely on it and look to it to place trades. They would blame it. The only thing traders should ever be using to place trades is their own plans and rules. As I said above; all traders see things slightly differently. Even though the base rules can be the same, things can be slightly different, which is great, but each trader needs to stick to their own guns and not listen or follow to anyone elseâs beat. It is super important that traders swim against the stream and not with it.
Safe trading,
Johnathon
Pretty solid setup. The 8hr setup may have been the more obvious and clearer of the two setups with the 8hr chart forming a big false break pin bar. As the chart shows below; price is a bit choppy as they normally are on the exotics, but the false break pin is super clean and is making a clean break of the price flip area.
USDSEK 8hr Chart
Safe trading,
Johnathon
Still trying to learn as much as I can. Looked at this possible set up on the D1 timeframe when it was mentioned on here. The thing that concerned me a little was the First Resistance area being quite close.
Weâve now got a hefty retrace going on but it is interesting to see how price did hit the FRA before turning. In fact it was almost to the pip. Maybe that just shows the power of S&R areas !
Had I taken this, I would have wanted to move to BE once we got to the FRA. Having said that, there wouldnât have been much room for the trade to breathe though - especially as Jonathon said, this is quite a choppy pair.
Would it be better to wait for PA where the first resistance area is not so close ?
Was the bearish close of the pinbar a bit of a warning sign
How do others trade these ? Get in and out quickly or pass unless thereâs more âspaceâ
Thanks
Stephen