Forex Price Action

as always, you are so right.
i used to be watching the calendar all the time, and influencing my mind.
But after I stopped that and more other things, i find the chart tells me what you are saying.
So I am learning and learning from you Johnathon, and getting better and better. :slight_smile:
Thanks.
Safe trading, but now it is WEEKEND with lovely weather even up here in the north.
Enjoy it everybody.

:slight_smile: Henning

Hi everyone.

a very good thread this one. I have been watching it for a wile, and I found ForexschoolOnline here, which really has empowered my ability to read the charts and make profit. Hounor to Johnathon for that. He is a great teacher.

Ok, I am normally a Gold trader, since the gold chart normally give very good signals, and have great potentials since it moves alot of pips almost very day.
But I am also viewing and defining my support and resistance lines on around 20 charts and check them according to Johanathon’s recommondations. Lately the lines have been steady by every weekend review.

A lot of interessting flipzones currently, especially in the pairs involving USD.
one I am focusing on is the EURUSD. broket hrough a “double floor” a month ago, and now it is at testing a new support level.
Yesterday it formed a BUEB, not to big, but at the end of a huge pinbar some days ago.
My evaluation of the chart ends up in a flip at the current zone.
Today it went up over the top wick of the BUEB and then down, but with a retracement at the end of the day.
Do you have comments to this? :
Daily chart


Weekly chart:


safe trading

Henning

this is happening as far you said that traders are inclined to news because for some days some good price action signal didnt worked out
although it is natural that pa is not 100% accurate but whatever the accuracy is if we
maintain rules we could gain in pa trading wholeheartedly
i love price action and i am solely pa trader
cheers mate!

Hello guys, i’m watching EURCHF Daily.


Pair has been ranging lately, moving between support and resistance.
there is a BUEB at a Swing low after touching support.
Entry would be at 1.2191, first target at 1.2220 and stop loss at 1.2153
Any opinion? am i missing something?
Thanks!!

I am thinking of using this Pa strategy to trade binaryoption. What duration can one recommend for me?

Apparently that pair is not traded here due to its high unexpected volatility.
As far as PA goes, that BUEB looks good to me and would be traded on if it happened on any other pair…

Anyone see the PB on the JY pairs? Worth trading on the 4H NZDJPY?



This one I mean…

Gold has come back to our kill zone …!


This is on my live Vantage FX MT4 and not showing on my live ICM MT4 account.
Looks like they are having major issues lately with spikes… Anyone got inside info?


Test

gbp/usd 4 hrs formed pb at rezistance.


bullish engulfing at support


eur/cad 4hrs bullish engulfing at support. the pa just passed the pb tail.


Hi UPanddn,

Thanks for sharing. It would help to tag what pair and timeframe it is. Moreover we would appreciate if you leave the indicators out.

Best

Who knows what will happen for sure but that is a very attractive looking BUEB.

I liked it too, and the price was ranging for the last month or so. The R:R was 1:2 so I took the trade.


Pretty well defined range though. I’d say that was a fair trade to take.


on the 6 hour candle a pinbar formed just a little bit above your resistance line, problem is the preceeding candle is a bigger bullish candle… can’t help myself a already took the trade this is the Gold chart by the way

SILVER 8H 2BR


We could see a reversal from here after a 2br has formed at a solid level.

Best

Hi Leon.
Not a to bad signal that pinbar.
It is building up to a really good pinbar on the daily chart too. A couple of hours left to closing of the day candle, so have to watch and see if it turns out to be like this. Gold has a tendensy to do some false moves and trick you in bertween.

Safe trading and good luck.
Henning