Forex Price Action

Hey guys, i have a question. I have read the articles on Jonathans site, but don’t want to pay for more informations. Is there any site on the internet, where i can find articles, how to manage the trades?

Thanks!

Greetings from Germany.

just go to FSO site and browse through all the articles and there are two types of management: money and trade management, gud luck


what about this pin bar ?

[QUOTE=“nus;629087”] If Johnathon just a salesman, let it be, I don’t care. If you a successful professional trader, good for you, but I don’t care also. What I care is my own money. I think everyone’s here is mature enough to choose and decide what is good or not for them. There’s plenty of strategy out there in the internet. Everyone has it own preferable strategy based on their own calculation. And lots of strategy that profitable and suitable with their style. Just pick one that fit with your style. I illustrate this thread like a book. I just read it, sometimes I’m agree with the subjects/contents, but often I don’t agree with the writer has written in their book. What make us clever is not just reading the book, but choose wisely what is good and true in that book. Even if the book is not good, we can still learn from it. So if there’s a lot of people like this book, than let it be, they have their right to choose.If you don’t agree with what the writer has written, than write your own book. Let the reader read and comment/criticize your book. just my 2 cents. Cheers :)[/QUOTE]

Completely agree. This is what I also has realized. If you believe every content you will be in trouble, but no need to spend any money to learn the stuff, all the information, in fact more than that is available for free on the internet. Any body who wants to be profitable will have to explore more.

too small compared to the rest of the candles IMO

Type in “forex money management” on youtube. Bloomberg.com also has lots of forex videos. dailyfx.com also has a lot of training. And of course babypips.com right here.

Why would anyone pay for anything regarding trading the forex market ? There are millions of pages on hundreds of thousands of websites for free. Your broker probably has tons of info for you , for free.
Patients is the key.

Here is a little price action on the AUDCAD Daily chart . it also includes a trend line break and the price action candle is the same candle that retested the trend line from below. It has already gone down 50 pips from the price action candle. Some support at 1.01440 , but a close below that could see a drop to the 1.000 area



My first trade of the week . A pin bar that fits the trading criteria from a swing high in a downtrend.

Hey Guys here’s a question ,If you were to list these 3 in order of profitability potential ,and given the same meeting of FSO criteria in which order would you place them
1.The good old PINBAR (pb)
2.BULLISH/BEARISH ENGULfING BAR (bueb/beeb)
3.TWO BAR REVERSAL.(2br) (the same as a 2day pin bar really)
In my opinion I like the pin bar best (given it meets criteria of course) but that’s just my opinion.
What do you think guys ? answers on a postcard :32:

I don’t see a pinbar on my chart a few bars back on 4HR (PEPPERSTONE) I see a doji but not a PB.

this is a pinbar but not the type we trade

I’ll do exact the same as yours , 1- pinbar 2- engulf 3- 2bar .

What am I missing here ?

Hi abc,not sure who’s charts your looking at ,as I said I use pepperstone which is NY close as far as I know and I definitely don’t see a pin bar as we trade them just a doji could be wrong but that’s how I see it ,happy trading :8:

What do you think of the large BUEB which hit a support line on EURNZD?

Cant post a link due to less posts :smiley:

Hi Adir,

I believe some of your questions are legit. It’s the nature of your questioning and direct provocation that could be interpreted as anti-PA/FSO/Johnathon. And causes especially newbies and unprofitable traders to loose faith in their career.

I know many traders from here that had some success with this method and some of them were looking for more and started adding and subtracting things and after a while come to realize that sticking to the basics does it all.

I know Johno’ for a good while now and needless to say his analytical skills are outstanding. And many other traders see that, that’s what makes folks buy his product too. They see value in it.

Interestingly, almost every new PA trader starts off with successful trades but deviates on the journey and wants to keep positions open in hope that it goes much further. Well that doesn’t always hapen. Which usualy comes back to the need of always performing bigger and better.

Best

Hi Revilo,

You’ll find tons of info here Trade Management.

Best

But there are millions of rubbish material too. Now I’m not saying you should pay for anything but sorting out valuable information takes time and lots of testing.

Best

They are all as good as each other. PBs are easier to spot since they are right in your face!

Best