Forex Price Action

[pipranha]

Thanks for the tip. I took this one too. My TP is at 1.086. SL= 1.095. We’ll see

@armandrmorel

Here is the daily, to me it is right on the money, right where price has not been able to close above since 6th May. Also resistance point, highlighted on chart. In line with recent downward momentum.

Could be way off, still learning this system.

[EternalNewB]

Have a look on AUDJPY

Nice Pinbar at Support without traffic

resistance right above @ 94

[armandrmorel]

@EternalNewB

resistance right above @ 94

Ya, same, here is my chart with key s/r lines, where do you draw yours?

[Yumei]

HiRevilo Renkcerb,
Nice support, but the PB size is smaller than previous candle, it means the down momentum still stronger than pullback.

Have a look on AUDJPY

Nice Pinbar at Support without traffic

[jadd806]

HiRevilo Renkcerb,
Nice support, but the PB size is smaller than previous candle, it means the down momentum still stronger than pullback.

Since wicks take 2X the volume to create I thought it looked pretty good.

It’s currently 75% of the way to my 1:1 R:R profit target.

[Revilo_Renkcerb]

Same here

The other nice thing on this bar is, that it is gone much lower and closed above the close of the previous one.

[Revilo_Renkcerb]

Here is my chart

[buster48]

Looks good to me, where did you place your tp and sl?
Nearly all USD pairs have enter signals, which one to take?

Easy one this ,if we look at this pair, we are looking at long AUD short USD ,so we know there’s similar set ups for USD pairs,say for instance USD/CAD was similar,then we would check the AUD/CAD pair and see which was the strongest ,so that ,if its AUD for instance we eliminate CAD ,and likewise any other with a similar set up until we find the over all strongest that we can trade against the USD.hope this helps,happy trading.

[fxteddy]

hope this trade will produce profit but i am worried about target.
i thing the target is not much big.
but still i am taking this trade because the pin bar is obvious and it satisfies me

[JUAN55]

Problem I see is forming higher lows, an 1-2-3 pattern upside, and trading into support

[Xtromist]

@JUAN55

Problem I see is forming higher lows, an 1-2-3 pattern upside, and trading into support

The higher lows you are talking about are a part of the bullish correction to the bearish trend. Consider this photo. The trend is still bearish despite the short term move higher.

[Yumei]

Hi Juan,

sure that the trade heading to support, the issue is how far to it? if the pips is acceptable, we can take this trade. secondly, in this thread, we dont need trend line indicator to analyse martket.

@JUAN55

Problem I see is forming higher lows, an 1-2-3 pattern upside, and trading into support

[Velniukstis]

I had my key support area around 168, also making this BUEB right in the middle of the range, so was the VBRN of 170 a better area to have had that support line drawn?

Those this mean the BUEB presenting itself on the daily is an A+ set up, come 5pm?

170 was also respected by the price but it also was broken a lot. For somebody it can be A+ but not for me as I’m still learning and I try to build my strong will to follow my trading plan

[ivanyo]

hope this trade will produce profit but i am worried about target.
i thing the target is not much big.
but still i am taking this trade because the pin bar is obvious and it satisfies me

Don’t like how the nose of that pin didn’t really break through resistance.

[armandrmorel]

@Zubair Ratul

Adir Mehra 2;629962]No, I am a ‘member’. Here is proof, a cut from one of your recent posts.

Like I said already, I bought the course because I was curious what was being shown in there and I do not consider $300 a lot of money.

Since I am a ‘member’ there goes the entirety of your argument. I’ve seen your ‘Senior Traders’ thread and I am not impressed. Over the long run you lose money due to your small profit targets compared to your risk. You may trick the newbies with your high win rate, but R-R ratio is the other half of the picture which tells the truth that you are not a profitable trader.

The techniques you teach are nothing new or different. They are available for free across the internet (james16 thread on Forex Factory) and plenty of other paid courses by professional salesmen (NOT traders) like yourself.

I am not ‘pushing hate’ as you so called it. I am encouraging others to question the true motives of snake oil salesmen like yourself, Mr. Johnathon Fox.

Yet you addressed one out of four of the major flaws I pointed out with your course. What about:

1. It being an great doppelganger of the site run by Mr. Niall Fuller (again, you claim your material is ‘original and different’ yet he teaches the exact same stuff)

2. The most important of all, NEITHER YOU NOR YOUR ‘SENIOR TRADERS’ HAS PROOF OF LONG TERM PROFITABILITY!

A high win rate is not a substitute for that, as you are trying to claim! Win rate and R-R go hand in hand to determine the profitability of a trader! Just because you have a high win rate does not mean you are profitable, and the fact you are trying to present it as such only furthers my initial suspicions!

And then you banned my original account from this thread, probably hoping that I wouldn’t reply so it would look like you won and could sweep the issue back under the carpet.

You could clear this all up with a simple account statement or Myfxbook. It would only make your course look more attractive to potential customers. From a business point of view, it makes complete sense to do! Unless of course, YOU CANNOT, BECAUSE YOU ARE NOT A CONSISTENTLY PROFITABLE TRADER!

There you have it. Just as I suspected, you danced around all the substance of my post, gave some canned reply making yourself look like some sort of white knight, and then banned me from the thread.

you post only 2 post but talk like a pro trader its clear you have some other intention
some people come here to spoil the good environment of learning.
again this is a place for adult only if you lost money with jonathon method then stay away from it BABY
we made huge profit in last trade aud/usd
so your money is in our pocket:33:[/QUOTE]
I’m confused, so who is a member and who isn’t??

[fxteddy]

hope this trade will produce profit but i am worried about target.
i thing the target is not much big.
but still i am taking this trade because the pin bar is obvious and it satisfies me

first target hit now waiting for second and second trade comes to breakeven
bingo!

[tonyro44]

Nice work going into the week-nd with plus $$.

first target hit now waiting for second and second trade comes to breakeven
bingo!

[pipranha]

AUD/CAD is near Super Mega VBRN. So far no PA but watching closely.

[buster48]

AUD/CAD is near Super Mega VBRN. So far no PA but watching closely.

useful pointer which could have been missed

[Forex_School_Online]

@armandrmorel

Hi all,

How do we feel about this 2BR on this pair?

Please take the EMA’s off your charts.