Hey Krugman, nice start to your thread. Been following the other thread for about a year and also find it restrictive. Will definitely be following this thread and looking forward to learning more from you and the others that are here from the other thread.
[QUOTE=āadamjn;546979ā]EURJPY 2 Bar H4, price has been in a channel for the past few weeks and has been making about 150 pip moves after hitting the channel s/r areas.
Price is now at the bottom of the channel and has formed a nice looking 2 bar. The candle hasnāt closed yetā¦ so a while to wait to see if it turns out to be valid. (I have my order set because I am heading out, but will monitor it on my phone)
<img src=ā301 Moved Permanentlyā/>
Zoomed inā¦
<img src=ā301 Moved Permanentlyā/>[/QUOTE]
Thanks Adamjn, will keep an eye on this one, fingers crossed for the next 4hr point.
Sorry Gmatav, but you are wrong. BA has the correct idea here.
Donāt worry, Gmatav. We will tackle this important issue which one is swing high and which one is swing low. For now, you may want to check your trade plan once again about swing high and swing low.
[QUOTE=āKasravi;546985ā]There is weakness on the Yen all over the board.
Iām long on cad&nzd/Jpy, already BE and taken a good profit.
Good luck everyone
Cheers[/QUOTE]
Was that the nice looking pin on the hourly NZDJPY? Ouch I missed that oneā¦
I donāt see it as in what positoin on the chart it is (as in up or bottom) but as in relation with the[U] previos trend[/U]. I see it like this :
[B]Swing low :[/B]
[B]Swing high : (the pinbar) [/B]
I have just got the signal to go long on another strategy I use on H1 on EURJPY, hopefully it works out 
First TP is 85 pips and 2nd tp is 105 pips for the 2 bar reversal trade if the setup forms right.
hey mate, can I know at which point did u go for long on NZD/JPY with BE now?
Because I did go for long on NZD/JPY D1 pin bar last week, now still in negative.
Regards,
Shane.
Hey Aaron! Nice to see that you started your own thread! I will definitely be one following it since I really like your posts in Johnoās thread. I wonāt contribute much until next year though because I do not have enough time for my trading. Iāve actually quit my full time job and will be working 50% during the whole next year to finally be able to focus more on my trading and also recover a bit after working 120% since I was 15 years old (17 years ago). Donāt worry, 50% work will still be covering all of my expenses so I do not need any income from my trading at all, it would just be a nice bonus though to be able to grow my capital.
Let me ask you regarding the FXCM spread you mentioned. What kind of live account do you have? I funded my real FXCM account with 25000$ and they changed my account to an āactive traderā account which lowered the spreads on most pairs by 50%.
I am not trading price action live yet. The above mentioned account and capital is run by my EA on a VPS server.
Donāt know how much you have invested into your forex business but if your account is above 20000$ ask FXCM to upgrade you so you get rid of the big spreads.
Looking forward a lot to see the first detailed explanations of your trading style! 
And looking forward to be able to contribute from next year!
Actually thatās a very good suggestion. One of the reasons why Johnathonās thread has been so successful is that he supplied the traders with great examples of [B]A+ trade setups[/B] from the very beginning. We know that Krugman has his own system here, [B]the 5 star system[/B]. It will be nice if Krugman starts giving us examples, [U]a lot of examples[/U] in fact, about his [B]5 star trade setups[/B]. I do not want to jump wildly until I can get the real picture of [B]5 star system[/B] in action. Otherwise, like someone told us in the other thread, we end up [U]the blind leading the blind[/U]. There are reasons why later we keep asking newbies to read and re-read the first 50 - 200 pages of the thread. 
Just my two pipettes.
Hi Yves,
the close of the pinbar looks too low, and so itās more like an indecision candle now IMHO. Itās a no trade for me and personally, Iād rather have the close in the upper 1/3 of the wick to consider it a valid pinbar. But yes, you are right that the support looks very solid. 
Yup, thatās a nice coloring you have there. 
Hi Prof.
Nice to hear you!
Yes, youāre right itās a counter trend but I thought the price movement is in range; definitely itās not a 5-star setup.
In relation to MM, I show you guys extract of my journal about EURCAD Daily trade.
Account risk percentage of Oct 2013: 3% so for this trade the risk amount is 50,000*3/100=1,500 euro
Entry type: Short
Roll: -0.31 (FXCM broker)
Entry: 1.4000 (in pullback around 56% fib)
Stop loss: 1.4087
Open two trade, one for each TP:
1st TP: 1.3900
2nd TP: 1.3765 (when price reach 1.3900 move SL to BE)
Entry-SL: 87 pips
1st Entry-TP: 100 pips
2st Entry-TP: 235 pips
1st trade amount: 1,000 euro
2nd trade amount: 500 euro
1st size: 1,000 euro / 87 pips * 10 = 114k contracts --> euro/pip: 8.16 & margin: 570 euro & R:R of 1:1.14
2nd size: 500 euro / 87 pips * 10 = 57k contracts --> euro/pips: 4.08 & margin: 285 euro & R:R of 1:2.70
Sorry Krug, Iām not able to calculate what the R:R is in totalā¦
For example, if it was one trade of 1,500 euro and I gave out 50% at 1st TP (1.3900) and hit the 2nd TP and then close the trade, how can I calculate my global R:R, as you said 1:1.5? Could anyone teach me about it? Iām trying to find something surfing google.
If there is any lack or mistake in my plan, please anybody advice me to learn more about it.
Have a nice trading to all.
Cheers
Cla
Yeah, i totally agree with you. Itās horrible to scout through 300 pages and try to get a whole picture of anyoneās trading idea/style. The best is to always edit the first few posts in the thread and later only inform everyone when there is a new addition to the first pages.
Itās has a great educational effect if you have a whole trading strategy in a bundle instead of it being spread out in a huge thread. Else itās almost impossible to understand and/or get the whole picture.
Just my two pipettes + your two pipettes
Thanks for bringing this up Willy. I tend to think the quality of potential trades fall nicely into about 5 different levels of if quality based on the risk dynamics and the potential rewards of the trade. I just call it 5 star because people relate well to rating things in 1-5 stars(5 star restaraunts, 5 star generals). I would say what makes my trading unique is not how I rate my trades, as I think everyone mentally rates their trade whether consciously or unconsciously. What makes my trading style or method unique is how I view the various dynamics of a trade, and the tools I use to figure out the dynamics. How I view my trade, itās quality and the price story dictates how I move my stoploss, take profits, pyramid my trades, etc. I think the uniqueness is what I call my ābig and defensiveā method. I have a ridiculously high requirement for trades I take, so I donāt take trades often. When I do I tend to wager big(3-5% or more for a daily trade), and play very defensively, and shoot for large RR trades. I am very busy with work right now so it fits my lifestyle. In the past I have traded more often but with lower risk per trade.
Willy and Diablo,
I donāt want to go from crawling to sprinting too fast. So I hope to cover the basics of price action. I may speed up my plan on writing a few articles of my knowledge of PA and my own personal method, because this thread is going much faster than I had planned. Like 10 times faster than any of the other PA threads that started up. That is why I created a āQuick Link Site Mapā on the first page because at this rate we will be at page 30 before I get some good articles out there, haha. That is how the James16 thread handles their absolute behemoth of a thread. I think here, as apposed to others threads, we will be telling newcomers to go to the site map and visit all of the links there, rather than read the first 100s of pages of the thread. Honestly most people donāt have time to read 200 pages. It took me a couple weeks just to get through Johnathons first 50.
Once this thread gets moving I have a feeling it will gravitate to the more advanced methods of how I trade. I believe learning how to find price action setups that land in those core requirement is really the basics of price action. Then learning how to see the dynamics of a trade, developing your trade filters, manage each trade uniquely falls into the more advanced category. Depending on how things go here I may start another thread on āNewbie Islandā with a very basic version of this thread, and when people have graduated from that thread should come over here. We will see how things work out though.
[B]Video[/B] - [I]āHow to Identify Market Structure and What a Pinbar Isā[/I]
[video]YouTube
Iām new to adding video so if anyone knows how to embed the actual video into the thread please message me about it.
This is the first video tutorial I ever made discussing price action. It is a 2 part video. First I discuss how to analyze the market to figure out what direction you should be trading and where to specifically look for price action. The second part is a detailed explanation of a price action pinbar and the requirements for a valid pinbar. The video had a third part that I clipped off because it was too long, but it essentially covered the psychology of pinbar and why they form. Video is my favorite way to teach so I imagine there will be more to come.
Enjoy!
Hi Shane,
I took the 1hr pin on the bottom of Nzd/Jpy. and the Cad/Jpy I took based on a different system.
If you are long on Nzd/Jpy from last weekās daily pin,then I must say you should have been aggressive with your stop loss,price bounced back on the 50 level and is playing up since then. However there is nothing to worry about since your SL is in place and looking at the bigger picture I see a high possibility of it shooting up.
All the best
Cheers
Great thread.
I like the video.
I start new thread too but it is only because of my EGO ;).
I will definetely follow this thread it looks very promising.
I hope that you will make any video about āmess on the left sideā I have always problem with this. Just an idea ;).
Good work Aaron
Thanks bambino, I made a note about the āmess on the left sideā. I will roll out videos and articles based on what people are needing to learn the most. Noisy charts is now on the list!
[QUOTE=āMuhammad Saeed;547057ā]<img src=ā301 Moved Permanentlyā/>
EUR/USD 4H
2 bar reversal price rejected by resistance,
Is it a good setup to short ?[/QUOTE]
Just my opinion, but there is a descent support level just below and a pin that tested and rejected that support.
additionally, we are in a very strong uptrend in H4 and his/your chart should be H4 if i watch to the volume "candles"
just watch the first video of krugman and you will find the answer for your own very quick why it is no trade
hint: swing high, swing low, trend etcā¦
greetings!