Ang101
1
Iv been following Nial Fuller, Johnothan Fox, NickB, MicktheTrader and Dnb ect on price action.
So what I thought would be interesting is to trade those Candlesticks with trend and see how it plays out using 4hour chart.
I might not catch them all so hopefully some of you guys can post setups as you see them and lets see how we do.
Current trade im in is the NZDUSD PIN with downward momentum. Its at a swing high point to give a decent Risk/Reward Ratio.
PS, CALLING ALL SOUTH AFRICANS TO JOIN IN HERE, lets get TRADING!
Ang101
2
In Johnothans thread I would be shot for taking this trade as the Pin small small compared to previous bars and not a Key level.
I was stopped out at .7840 and seems like price may be going in direction intended.
Moving on and maybe look for better levels and bigger PA,
Ang101
3
Here is GBPJPY, price rose to previous high and printed a nice large false breakout PIN.
Large Pin at double top against trend so targeting only 1:1RR.
CANCELED SHORT ORDER!