hi Zubair
where would you enter this trade as i have a s/R zone at 86,60 - 86,70 wich is also just above the high from the pin bar… thats a little to risky for me.
I actually think you have potential for trouble before the 87.00 level. This is CT and I would advise newer traders to stick with the trend.
On the other hand should price roll back to 87.00 how good would it be for a PB or EB to form at that level? I personally would be all over it if that happened.
Quite a judgement. Ive always found it surprising that people look at the post count and immediately assume things. This is not an answer. Why do you seek “what is right and what is wrong”. If you’ve been here “almost one year” why do you still need “Inspiration” motivation and direction? How do you know this person hasn’t been reading this forum for years as well? Are you going to look at my post and go 100 posts oh no newb. If you saw a guy with 1,000 posts you’d dissect his message to the period and enter based on him saying basically “It’s up to you”. Why don’t you just go to other large FX websites and read the analysis they give? Lot’s of ways to go about giving a response.
As for your chart.
- Short term down trend.
- I dont see enough of a support for there to be a “rejection”
- Look at the other NZD pairs. None of them are convincingly going the opposite direction.
- Pin is rather weak.
- Depends on your risk appetite. If you dont want more than 1:1, it’s risky.
As for the other topic of manipulation which I’m sure many have seen. It was very ignorant of whoever wrote how we don’t know about manipulation and PA is where traders go to die. I’ll just leave it at that.
yes pa is not for ignorant and gambler quit it quick.
yes mate you are right
and where were you for long time?
we missed your chart analysis.
GBP/USD is doing some interesting things in the 1 and 4 hour charts. It’s right on the support/resistance line Jonathan spoke about on Forex school online late last week.
Yes it is, but be careful before entering a trade. On my chart, there is no clear price action which is stick out clearly away from price.
4HOUR
1HOUR
I’ll be honest mate, I think the markets haven’t thrown up that many great PA opportunities in the last 3-4 weeks. As a rule over a 12 month period you will get 1 or 2 slower spots where you simply have a quick look at the charts and close it down and wait for another day.
Yeah May was godawful to trade xD This month is looking much more interesting with many pairs moving to test key levels. We’ll see!
well said mate ! thats why people are remain quiet.
Well as my mother always says, if you haven’t got anything nice to say don’t say anything at all, haha.
bhops is one of the only original posters on here now and still putting good posts on, so hats off to him.
Hats off to him indeed.
What happened to all the other original posters? Miss their invaluable expertise.
Some probably gave up on trading.
Others, like myself, moved onto our own research and designing/trading more profitable systems.
It was a good place to start though.
They all fell by the wayside but as long as we keep going,and as jadd said a good basis to build on as we see fit ,happy trading to all.
My broker don’t have that pair, wish they did.
[QUOTE=“armandrmorel;633344”]Anyone’s broker show this today on this pair?? <img src=“301 Moved Permanently”/>[/QUOTE]
Yeah this is the seccond time of me hearing about this glitch in gold today apparently it moved 7000 pips
If you where in the trade or you got messed up you can contact your broker and get your money back if you lost or if you made money they most likely will take it
What pair is that? I can’t see.
There are couple brokers that are well known to manupulate graph to hit individual’s stoploss by the way. Those that don’t send your orders to the interbank and make profit from your losing trades directly.
Is that a demo account?
You will find quite often with demo account chart that you will get these spikes happening.
Johnathon