I have traded against it. Just depends on what the price action is doing. Just makes for a quick reference really.
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UsdSek transaction my setup is broken
Itâs good that you kept them and let them run until the install target
@Alg626, @Pinbar1993, This is possibly the most successful way to trade Price ActionâŚ
When I began in Forex I read a book called Naked Trading by Walter Peters which comprehensively covered Pinbar strategies⌠He changed the name to Kangaroo Tail Strategy but it used exactly the same rules⌠Following this thread.
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Thanks but I actually learned from an old thread here on babypips. I recommend anyone to read through it. You can skip the first 5 pages since itâs pages full of links that donât work. But reading through the thread has some good charts and questions from the people that were in the thread and gives you ideas of good set ups.
Like he recommends trading with trend and really only uses pin bar, engulfing, 2 bar reversal patterns.
I do at times take counter trend trades if see there seems to be a good reversal coming.
I also backtested through all the major and minor pairs using this strategy.
Link to thread.
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But Iâll also keep posting charts and bouncing ideaâs off you guys.
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Trade this evening I have entered.
Green Lines : Daily chart support/resistance zones.
Blue Lines : 4HR chart support/resistance zones.
AUDNZD
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itâs really effective and easy to reach. Alg626 and I really learned from this: J. Foxâs price action strategy
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Update on my trades from 7-27-21
EURJPY - TP1 hit, closed half position and moved SL to BE
GBPJPY - TP1 hit, closed half position and moved SL to BE
GBPNZD - TP1 hit, closed half position and moved SL to BE, trade reversed and hit SL.
Weekly Results : W-L : Pips
Week of 7/11/21 : 9-4 : 375.4
Week of 7/18/21 : 5-2 : 240.9
Week of 7/25/21 : 5-4 : 64.13(still going)
Totals : 19-10 : 680.43
A few set-ups Iâm looking for. Even if they do get to the areas I have highlighted I donât take unless I have some proper confirmation. Doesnât mean theyâll even move to these zones, and if they donât no biggie. Move on to the next setup. There is always another trade coming around the corner, no since in taking setups that are no good.
There are more setups out there, just a few I highlighted. To give an example on how I look for trades.
Also keep in mind that you may not have a trade every day. I have gone were I only had 5 trades in a week but also have had weeks were I have 15.
Just make sure to trade what the market gives you, not what you think it should do or what anyone else is saying it will or should do.
EURCHF
EURGBP : Seems there is a squeeze going on at the support. If it breaks below, I would look for a retest of the old support(now resistance) and a good confirmation that the price is going to go lower. Be aware that the yearly low is close as well.
NZDCAD
USDCZK
Also the dark green lines and dark red lines are the yearly high and low. Also those lines donât extend across the entire chart like my lines for zones do.
Green = Yearly High
Red = Yearly Low
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I just saw this after posting my set ups I will be looking for. lol
I hope Iâm wrong so you can make some pips.
But I usually like my pin bar to be bigger and for it to stick out more. Example below.
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good set up.
Thank you for sharing often
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Itâs selfish, but I hope youâre wrong hahaha lol 
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Not at all lol. Iâm not in a trade so I certainly hope it works out for you. I donât mind being wrong from time to time. Comes with trading lol
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I also follow PA method here but I donât read books or in other words donât have a school. So, keep looking and keep finding and finding pinpar is also good.
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Posting some setups that could be coming up, doesnât mean theyâll even get to these areas. I feel like most of the time Iâm wrong on this stuff lol. But I enjoy the exercise of studying the chart. Will also need confirmation at those areas to open a trade as well.
Usually look for a pin bar, engulfing, 2 bar reversal, or inside bar.
A lot of charts coming your way. But I think it helps others as well to visually see what someone else is seeing. Keep in mind Iâm no professional. Trade what the market gives you not what you think it should be.
If it doesnât give you a setup, sit on your hands or walk away from your trading platform.
AUDCAD : Not looking for a counter trend here even though it seems time for a retrace. But Iâll wait for it to break below, retrace, and then Iâll look for a sell.
AUDCHF
CHFJPY
EURCAD
EURCHF : One I posted earlier this morning, just an update.
EURGBP : One I posted earlier this morning, just an update.
EURHUF
NZDCAD : One I posted earlier this morning, just an update.
USDCAD
USDCHF
USDCZK : Didnât never retrace, no worries just catch the next set up.
USDMXN
USDNOK
USDPLN
7-29-21
Trades for today and this evening.
AUDNZD - Update from the trade yesterday. Hit Full TP : 49.2 Pips
USDZAR
AUDUSD - Barely touched my stop. : -16.7 pips
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Update on this trade. Was a heart breaker. Hit TP1, moved SL to BE. Then proceeded to continue up and barely missed my full take profit, then down to my SL at BE.
GBPJPY
Ok update on trading results.
I donât usually donât open anymore trades after the 9pm(eastern time) candle Thursday evening.
Weekly Results : W-L : Pips
Week of 7/11/21 : 9-4 : 375.4
Week of 7/18/21 : 5-2 : 240.9
Week of 7/25/21 : 7-5 : 191.63(still going)
Totals : 21-11 : 807.93
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