Price Action That Matters

[adamjn]

Here is another nice setup I got, it’s an IB after a channel breakout on gold H4

Hit the 1.61 target and waiting for 2.61 now.

[Henry9986]

AUDNZD

Did anyone take the MN pin bar trade? Still not late to enter.

Or to go long only on weekly or daily.

[darthfrancis]

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.

Yeah such a slow grind, glad this pair hasn’t got a negative interest rate.

[darthfrancis]

AUDNZD

Did anyone take the MN pin bar trade? Still not late to enter.

Or to go long only on weekly or daily.

Hey nice spot, on my broker the pin didn’t look that good but yours look tradeable.

Darth

[Henry9986]

Hi Adam

Can I confirm if you usually enter on break of mother bar with SL at the other end of mother bar, too? Ain’t too familiar with inside bar trade yet. But saw you often take TP at 161.8% & 261.8%. Quick-in-quick-out on H4 looks v attractive.

Here is another nice setup I got, it’s an IB after a channel breakout on gold H4

Hit the 1.61 target and waiting for 2.61 now.

[adamjn]

Hi, yes, entering on the break of the mother candle is the safest way to do it.

If you can find an IB on the daily though, and then go to H4 and find an IB, you can use that to enter the daily IB as long as you are on the right side of the market…

Hi Adam

Can I confirm if you usually enter on break of mother bar with SL at the other end of mother bar, too? Ain’t too familiar with inside bar trade yet. But saw you often take TP at 161.8% & 261.8%. Quick-in-quick-out on H4 looks v attractive.

[Henry9986]

Got it. Thx Adam. IBs obviously occur more often than other candle patterns.

One more point, do you use same buffer of 10 pips for both break entry & SL on [B]H4 [/B]& [B]daily [/B]for [B]all [/B]pairs, or different?

Sorry for bothering.

Hi, yes, entering on the break of the mother candle is the safest way to do it.

If you can find an IB on the daily though, and then go to H4 and find an IB, you can use that to enter the daily IB as long as you are on the right side of the market…

[darthfrancis]

Here’s a trade I’ve been in for awhile, GBPSGD D1. I played it off the the beeb and since then thrown up alot more bearish signals.

What do you think?

Darth

[adamjn]

I have never traded this pair, but my view would be a possible small retrace to the middle line, and then possible back up to the high, I would watch PA around the middle line and see what you think.

@darthfrancis

Here’s a trade I’ve been in for awhile, GBPSGD D1. I played it off the the beeb and since then thrown up alot more bearish signals.

What do you think?

Darth

[adamjn]

SPX500 H4 IB - Away from charts at the moment and only have phone - will post a chart in a few hours…

[darthfrancis]

My latest. AUDCHF D1 has formed a nice bueb closing above the VBRN of 80.00, after a pullback from the recent uptrend looks like it on the way up to the 82.00 area. Also volume is the biggest candle for the last 15 days. Risked 1% as my sp500 trade didn’t go my way even though looked set for a downtrend. Another reminder that money management is king.

Darth

[Mr_B_A_Barracus]

[QUOTE=“darthfrancis;606608”]My latest. AUDCHF D1 has formed a nice bueb closing above the VBRN of 80.00, after a pullback from the recent uptrend looks like it on the way up to the 82.00 area. Also volume is the biggest candle for the last 15 days. Risked 1% as my sp500 trade didn’t go my way even though looked set for a downtrend. Another reminder that money management is king.

<img src=“301 Moved Permanently”/>

Darth[/QUOTE]

Hi Darth, nice bueb action, let’s hope it gets moving up now. I’m currently scratching my head over the EURGBP pin bar, resistance looks a bit squiffy so I’m probably best out of it, also it’s kind of small but it is with trend and a possible continuation.

[adamjn]

Or you could have taken it on the reversal IB

@darthfrancis

My latest. AUDCHF D1 has formed a nice bueb closing above the VBRN of 80.00, after a pullback from the recent uptrend looks like it on the way up to the 82.00 area. Also volume is the biggest candle for the last 15 days. Risked 1% as my sp500 trade didn’t go my way even though looked set for a downtrend. Another reminder that money management is king.

Darth

[Henry9986]

But FXCM chart shows a very different pic on volume!

@darthfrancis

My latest. AUDCHF D1 has formed a nice bueb closing above the VBRN of 80.00, after a pullback from the recent uptrend looks like it on the way up to the 82.00 area. Also volume is the biggest candle for the last 15 days. Risked 1% as my sp500 trade didn’t go my way even though looked set for a downtrend. Another reminder that money management is king.

Darth

[adamjn]

SPX 500

Ok, so this is the H4 Chart.

Blue line is weekly support, drawn at the weekly close, to the pip…
Greenline is the H4 supportive area, as it has broken resistance, and closed above.

So, this IB could be traded both ways, depending on the side it will break, but, it could break both sides, so it is risky placing an entry on either side. So now we have to try and work out the general direction.

So, the overall trend is up, and we have just had a pull back to the 20 MA (Weekly) and a massive pin bar has formed and triggered on the weekly. So this tells me I want to be buying as this trend should continue.

So, as price is sitting just under weekly resistance, we need to wait for the high of the IB to break and confirm. The upward momentum is high, so there should be no problem breaking and closing above it on the daily.

This is the daily, and you can see a bearish engulfing, which I said in an earlier post I thought would do what it did…

Broke the high, showing strong bullish momentum.

[darthfrancis]

Hi Darth, nice bueb action, let’s hope it gets moving up now. I’m currently scratching my head over the EURGBP pin bar, resistance looks a bit squiffy so I’m probably best out of it, also it’s kind of small but it is with trend and a possible continuation.

Thanks, yeah I saw that pin bar on the EURGBP, gave it a miss as I’m sell both the GBP & EUR so saw it a conflict of interests.

Are you in any trades atm?

Darth

[darthfrancis]

@Henry9986

But FXCM chart shows a very different pic on volume!

I guess that’s the problem with volume, depends what broker your with. On a plus though on you graph the biggest volume bar is the big bearish pin bar being rejected by 80.000. So still looks good.

Darth

[darthfrancis]

Or you could have taken it on the reversal IB

do you mean the bearish black bar is a IB and the pin bar is the mother?

Tell me how you play this as I thought with IB’s you need more than one child candle to consider it?

Darth

[darthfrancis]

SPX 500

Ok, so this is the H4 Chart.

Blue line is weekly support, drawn at the weekly close, to the pip…
Greenline is the H4 supportive area, as it has broken resistance, and closed above.

So, this IB could be traded both ways, depending on the side it will break, but, it could break both sides, so it is risky placing an entry on either side. So now we have to try and work out the general direction.

So, the overall trend is up, and we have just had a pull back to the 20 MA (Weekly) and a massive pin bar has formed and triggered on the weekly. So this tells me I want to be buying as this trend should continue.

So, as price is sitting just under weekly resistance, we need to wait for the high of the IB to break and confirm. The upward momentum is high, so there should be no problem breaking and closing above it on the daily.

So you are saying you waiting now for the big blue bullish candle which is now acting as a mother candle to be broken before you get in?

Darth

[cyanidez]

@darthfrancis

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

Bwhahahaha Kerplunk, thanks Darth, needed that!