Price Action That Matters

[semmee]

Hey Darth.

This will still go up. There is an inverse H&S, and price has broke out, and come back down yes, printing off the bearish pin, but it will still go up again. Usually after a breakout of this formation, there is an opposing signal that shows, in this case the pin bar, but ignore it, you will notice this time and time again.

Check Gold daily, it happened a few weeks back before that big breakout and actually fakes out a lot of people.

I think this pair is ranging in an up channel so small shorts i think are ok. I have an unfilled short order on this atm with a small r:r after the previous pinbar but statistically it should continue up in a range.

May the odds be ever in your favor!

[Henry9986]

Hi Aaron & gang

Two of the candle patterns that we look for to trade are the pin bar:

and the engulfing bar:

.

There is one that sits between the two, as follows:

.

I don’t know if there is a name for it & that it is a valid reversal candle pattern to trade. Your views?

Note: for the diagrams above, all the 3 green bars are of equal length; all the 3 red bars are of equal length, too, & > the green bar.

[adamjn]

EURUSD Daily Inside Bar

Can use H4 to enter or take some profit to cover any losses if daily aggressive entry fails.

I am using the fibo extension for profit targets along with S/R lines.

[krugman25]

[QUOTE=“Henry9986;605942”]Hi Aaron & gang Two of the candle patterns that we look for to trade are the pin bar: <img src=“301 Moved Permanently”/> and the engulfing bar: <img src=“301 Moved Permanently”/>. There is one that sits between the two, as follows: <img src=“301 Moved Permanently”/>. I don’t know if there is a name for it & that it is a valid reversal candle pattern to trade. Your views? Note: for the diagrams above, all the 3 green bars are of equal length; all the 3 red bars are of equal length, too, & > the green bar.[/QUOTE]

That candle is both a hammer and a 2 bar reversal and they are both approved in this forum. So if you see one feel free to post it here!

[krugman25]

I want to give everyone a heads up that I will be in Orlando Florida all this week on business. My wife is coming with me on this trip so I will be extra best, so plan on me not being here much this week. I plan in doing a brief check of the daily Forex and Indices candle chart each nice. If something really pops out at me I will post here.

[adamjn]

Ok, so here is UJ, and another IB setup.

As far as I know, Aaron uses fibos, trendlines and s/r levels here, so I am keeping within his rules here

This is UJ H4, there are 2 IB setups I took, both which have hit TP, and I still have one position open waiting to hit the 2nd TP.

[Henry9986]

Thx Aaron.

I checked & noticed people called it dark cloud cover & the bullish counterpart is called piercing pattern. They are just names, but convenient for use to refer to them.

That candle is both a hammer and a 2 bar reversal and they are both approved in this forum. So if you see one feel free to post it here!

[Henry9986]

There is a trend line & a resistance hanging just above current price. Chart EURUSD, W1, 2014.02.24 02:58 UTC, FxPro Financial Services Ltd, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots May be more prudent to wait till break of both. Just my 2 cents.

P/S: tried to use hyperlink for clearer pic instead of attachment. Looks better.

EURUSD Daily Inside Bar

Can use H4 to enter or take some profit to cover any losses if daily aggressive entry fails.

I am using the fibo extension for profit targets along with S/R lines.

[Henry9986]

EURUSD: Possible ascending triangle play: Chart EURUSD, D1, 2014.02.24 03:11 UTC, FxPro Financial Services Ltd, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots

[Henry9986]

Hi Adam

Your pic looks very clear, clearer than most. How did you do it?

Ok, so here is UJ, and another IB setup.

As far as I know, Aaron uses fibos, trendlines and s/r levels here, so I am keeping within his rules here

This is UJ H4, there are 2 IB setups I took, both which have hit TP, and I still have one position open waiting to hit the 2nd TP.

[adamjn]

That would be telling a secret

Jokes, just insert from URL and untick the box to reference on baby pips server as they must compress images. So upload to an image host…

Hi Adam

Your pic looks very clear, clearer than most. How did you do it?

[Henry9986]

AUDUSD: a bear flag is brewing? Note pullback to 38.2% of pole. Chart AUDUSD, D1, 2014.02.24 03:38 UTC, FxPro Financial Services Ltd, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots

[Henry9986]

Thx Adam. Will try that next time.

With 161.8% fib as TP, looks like you go for low R:R for your inside bar trades, compensated by high win rates?

Also, looks like they are quick-in-quick-out trades, not to subject to market uncertainty for long?

That would be telling a secret

Jokes, just insert from URL and untick the box to reference on baby pips server as they must compress images. So upload to an image host…

[darthfrancis]

@adamjn

EURUSD Daily Inside Bar

Can use H4 to enter or take some profit to cover any losses if daily aggressive entry fails.

I am using the fibo extension for profit targets along with S/R lines.

Dude how do you even trade that! looks like a game of kerplunk! lol

[adamjn]

Lol, I draw all the levels on and get an idea of what is happening then remove them again to see PA better.

@darthfrancis

Dude how do you even trade that! looks like a game of kerplunk! lol

[adamjn]

Yes, for targeting the 1.61 the R:R is low, but if you trade the right IB’s, chances of the 2.61 getting hit are high also.

Thx Adam. Will try that next time.

With 161.8% fib as TP, looks like you go for low R:R for your inside bar trades, compensated by high win rates?

Also, looks like they are quick-in-quick-out trades, not to subject to market uncertainty for long?

[adamjn]

I doubt that, but still possible.

What I think will happen is it will come down and test the 0.88818 area then move back upward.

You could take the daily IB for a quick trade down to that level.

AUDUSD: a bear flag is brewing? Note pullback to 38.2% of pole. Chart AUDUSD, D1, 2014.02.24 03:38 UTC, FxPro Financial Services Ltd, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots

[adamjn]

What do you guys think of UJ H4? Inside bar, but the key thing here is that the trendlines are drawn on the daily, so in order to count a close above it, it would have to be on the daily also, and fridays candle closed above the trendline, now we have this H4 inside bar sitting on the trendline.

I am not too sure if I will take this setup, but could be worth looking at…

[darthfrancis]

What do you guys think of UJ H4? Inside bar, but the key thing here is that the trendlines are drawn on the daily, so in order to count a close above it, it would have to be on the daily also, and fridays candle closed above the trendline, now we have this H4 inside bar sitting on the trendline.

I am not too sure if I will take this setup, but could be worth looking at…

your better off drawing a horizontal resistance line as it fits perfect and makes an ascending triangle. I’ve been in this trade for 2 weeks since the w1 pb 2 weeks ago and since i noticed this setup last week I’m adding another 1% at a retracement at 102.00. Hopefully it will work out.

Darth

[adamjn]

Interesting, to me, I think it has finished doing what it needs to do and now it will go up, but need confirmation no matter what, so I will only be buying on a break of the H4 IB candle.

I see what you mean when I draw them horizontal also, still within the range.

I’m in the weekly PB also lol. Slow grind.

your better off drawing a horizontal resistance line as it fits perfect and makes an ascending triangle. I’ve been in this trade for 2 weeks since the w1 pb 2 weeks ago and since i noticed this setup last week I’m adding another 1% at a retracement at 102.00. Hopefully it will work out.

Darth