Price Action That Matters

Thank you for the reply Aaron! My question came from seeing the ideal pin bar video and I you have answered my question, thanks.

It’s interesting to see how there are constant improvements as you are evolving as a trader, now drilling down to a smaller time frame to get an even better entry. One day I hope to add that to my repertoire as well, but for now the basics will do :slight_smile:

Cheers

Hi,
what is your opinion to this PB???

  • higher volumes

Hooo… that explains it. That makes Alpari UK as the second in my list after HotForex that has indices within. I’ve checked it and found out that not so many options we have at Alpari UK, but at least we have Dow30 and S&P500 there.

I’m trading at HotForex and I can’t say any bad word about this company. They always send an e-mail when there are important news such as NFP will be on other date etc. Customer service is great. Spreads are really low. They offer a lot of different Forex pairs as well as indices. Couldn’t wish for a better broker.

[QUOTE=“FaRS;555472”]

I’m trading at HotForex and I can’t say any bad word about this company. They always send and e-mail when there are important news such as NFP will be on other date etc. Customer service is great. Spreads are really low. They offer a lot of different Forex pairs as well as indices. Couldn’t wish for a better broker.[/QUOTE]

That sounds awesome Richard, I will definitely check these out, are they a uk broker by any chance? I’m currently with forex.com for my actual trades, they are really good too with low costs spreads and a wide range of indices etc. The only draw backs are no New York close candles and because my accounts in dollars my bank charges me for exchanging pounds to dollars which isn’t so good. When I’ve built it up a little I intend to take a second account some place else in GBP pounds. In fact I intend to have multiple accounts the more money I make for security.

Anyone else take the 1 hour pin on the EurGBP a few hours ago? I can’t post it at the moment as that oaf Benedict has set his hair on fire with the cooking hob and will need a visit to ER. I am in the trade, hoping it’s gonna hit my first TP.

Over and out.

BA

Wait a minute, did I just read that BA is… a British?? Either that, or BA has British Pounds in his wallet. :smiley:

They got NY time close. The currency base is either USD or EUR. And this is from their web site: [I]“Operating under the brand name “HotForex”, HF Markets Europe Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) and the Company holds a Cyprus Investment Firm license with number183/12 and that the Company may freely provide cross-border services in other Member States and Third Countries.”[/I]

[QUOTE=“wm247;555519”]

Wait a minute, did I just read that BA is… a British?? Either that, or BA has British Pounds in his wallet. :D[/QUOTE]

Haha after the snicker bar incident with that crazy fool Benedict, we were exiled to the UK. I was getting tired of nursing that crazy fools ass, luckily celebrity big brother allowed Bendict to stay with them for a couple of weeks until the British population got wise and booted him from the house which was very inconvenient as I was holidaying in S****horpe at the time.

Edit - I didn’t realise Scun-Thorpe was classed as swearing, mind you, it’s a very offensive place.

[QUOTE=“FaRS;555523”]

They got NY time close. The currency base is either USD or EUR. And this is from their web site: “Operating under the brand name “HotForex”, HF Markets Europe Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) and the Company holds a Cyprus Investment Firm license with number183/12 and that the Company may freely provide cross-border services in other Member States and Third Countries.”[/QUOTE]

Thanks Richard, that sounds great, I will give them a whirl when I get chance to do some downloading.

Not having much luck this week, the markets are very twitchy. The EurGBP was booming and I was sure it would hit the first line of resistance, it has now reversed so I’ve jumped ship with 10 pips profit which is measily but I don’t like to take my chances once I’ve seen it reach up to the sky and then tumble back down.

Forex.com, low cost spreads you need to get our more my friend:34:


Spreads are not everything though!

[QUOTE=“cams75;555538”]

Forex.com, low cost spreads you need to get our more my friend:34:

<img src=“http://forums.babypips.com/attachment.php?attachmentid=53490”/>

Spreads are not everything though![/QUOTE]

Wow thanks Cams, very interesting. I can see I’m not on such a great deal after all.

What do yall think of this NZD/USD trade. Ive posted the 4 hr chart. I apologize, but i do not have my areas of S/R marked as i use my ipad for this forum and am not trading on the ipad app as i have found it to be not as user friendly as doing it on the computer

I have gone long here

Things i see
We are in an uptrend on the daily chart
The daily has formed a wick that extends out past my support at .83317. I believe there is nice pin bar on both the 8hr chart and the 4hr chart at this area. Not really on the daily though

I have already got in the trade, but would yall have gotten in the trade? Would love to here opinions as i am mainly trying to learn. Thanks


[QUOTE=“jpw0100;555545”]What do yall think of this NZD/USD trade. Ive posted the 4 hr chart. I apologize, but i do not have my areas of S/R marked as i use my ipad for this forum and am not trading on the ipad app as i have found it to be not as user friendly as doing it on the computer

I have gone long here

Things i see
We are in an uptrend on the daily chart
The daily has formed a wick that extends out past my support at .83317. I believe there is nice pin bar on both the 8hr chart and the 4hr chart at this area. Not really on the daily though

I have already got in the trade, but would yall have gotten in the trade? Would love to here opinions as i am mainly trying to learn. Thanks[/QUOTE]

Hi JPW

Im also away from pc at the moment so can’t see my charts but which candle did you take to go long?

BA

Ive attached the daily, 8hr and 4hr charts with my S/R line im using. Ive made the trade based on the pin bar that is on the 4 hr and 8hr charts.

Ahould i have waited for more confirmation? If so, what type of comfirmation




Personally, I am not comfortable if my broker is regulated in a not so well-known country in finance. But hey, it’s back to personal preference.

In my trade plan, I will only have a live account with brokers regulated in either USA, UK, Australia (NOT New Zealand. Australia!), or -maybe- Switzerland.

Hi jpw,

to be honest, I’m really confused. What is your exact entry, SL, and TP level here? Also, at which timeframe again did you choose to manage your trade?

[QUOTE=“jpw0100;555549”]

Ive attached the daily, 8hr and 4hr charts with my S/R line im using. Ive made the trade based on the pin bar that is on the 4 hr and 8hr charts.

Ahould i have waited for more confirmation? If so, what type of comfirmation[/QUOTE]

Hi JPW

As I haven’t got my charts here, I’m guessing that those candles are still forming? Is that correct? If that’s the case I would recommend not even considering a trade until the candles are fully formed. Sorry if I’ve got the wrong end of the stick.

As you live in the UK have you not thought about IG, they are a
spread betting company & have all the forex & indices.

I do my TA on MT4 & place trades through them.

[QUOTE=“Mr B A Barracus;555558”] Hi JPW As I haven’t got my charts here, I’m guessing that those candles are still forming? Is that correct? If that’s the case I would recommend not even considering a trade until the candles are fully formed. Sorry if I’ve got the wrong end of the stick.[/QUOTE]

Yes you are correct, they are still forming. Lets say that the 4hr and the 8hr candles closed looking the same, would you then consider taking the trade or would you wait for some other confirmation?

How about when the 4hr closes out in 20 min looking the same? Just trying to get a sense of how to think about these.

[QUOTE=“daydreamer65;555561”]

As you live in the UK have you not thought about IG, they are a
spread betting company & have all the forex & indices.

I do my TA on MT4 & place trades through them.[/QUOTE]

Hi Daydreamer, I have, actually they were going to be my next live account when I have the funds as they tick all the boxes for me as far as regulation goes, they are also one of if not the biggest brokers in the UK. I have to admit I haven’t checked there spreads yet but it’s gonna be a few more months until I can seriously consider a 2nd live account. I have a personal target that I have set myself before I do.