The pin bar was not at a significant swing high, which is probably why it didn’t go your way.
Synergy
The pin bar was not at a significant swing high, which is probably why it didn’t go your way.
Synergy
Those charts you posted are possibly the most confusing and painful charts I have ever seen. I’m sorry but I don’t get how you say your indicators are “price action based”… all indicators are based off price. The point of “price action trading” is that you don’t need to use any indicators and it is a very low-stress and fun way to trade. Since I started this thread I will have to ask you to please not post any more of those confusing and visually painful charts in here.
thank you!!! I almost had a seizure from all those colors…
I am looking at price action, what threads / books did you read to get started? What other setups do you look for?
Sometimes you just have to sit back & wonder don’t you :rolleyes:
If you click on the red triangle at the top right of his post & report it requesting it be deleted, they’ll take of it for you.
As the thread starter you also have the option of placing him on ignore.
That will prevent him from posting any more unwanted material on your thread.
I can see doing all that for a “repeat offender” but not for some one that came along and wanted to help with what is working for him.
I was going to point those charts out as a textbook example if indicator hell
I am looking at price action, what threads / books did you read to get started? What other setups do you look for?
I recommend “Pring on Price patterns” by Martin Pring. Also the James16 thread on forex factory. That’s what’s working for me.
I learned from Martin Pring and Nial Fuller’s website, James16 is too expensive for me, like 130$ a month or something?? Redonkulous.
The free thread - I’m not a paid member neither, I’ve made very good progress all from the free thread
Did you do the paid or free part of Nail Fuller’s site?
I did both the free and the paid. I recommend both.
This inside bar setting up in the NZDUSD daily chart appears to possibly be a solid setup. Notice how price could not break above the high of the pin bar from 7/27 either.
AUDUSD inside bar. This one could cause prices to move lower…
AUDUSD inside bar came off to the downside, I sold short at 0.9150. Stop loss just above the high of the inside bar and target at 0.8873.
AUDUSD UPDATE:
Moved stop loss to break even, target is less than 100 pips away now. Nice trade.
Hey Trader2000 - great thread, thanx!
excuse my noobines pls… I wondered What time-frames do you use? do you check several time-frames before a trade or just stick to one?
I typically make most of my entries off the daily or 4 hour charts. I also check the weekly and 1 hour charts, the 1 hour charts are used more to fine tune an entry and not to take a signal from. Sometimes there will be a solid 1hr price action setup but it needs to occur at a very significant level for me to take it.
A trade I just exited. Sold a break of the pin bar the arrow is pointing too, stop loss just above high of pin and target set at 3 times my risk. Very good trade.
I don’t think the arrow is pointing to a classic pin bar, looks more like a doji or spinning top (can’t tell which on my little screen.) Typically the “tail” must be 2 - 2.5 times longer than the candlestick body and a little or no “nose.” But I’m glad that the trade worked out for you, catch 'em when you can. d.