am sure you are waiting to hear from Aaron on this one, but my view is that those areas are just noise or they might be places where you could take an intraday entry. As you say they are minor levels and if you are trading daily charts then the key s/r levels that I see are the one’s indicated on Aaron’s chart. I see a weekly trading range between 1.4 and 1.48. with key S/R as shown below
But often price reverses from, as you say, noisy areas, so, in my opinion, we should take them into consideration too.
Hey Yves,
thanks for the tips. Unfortunately that falls under ‘grooming bad habit’, the very thing I want to avoid with large amount of virtual money. 
Willy
[QUOTE=“FaRS;570342”] You have drawn only 3 kind of “major” support levels, but what about the minor levels before? Don’t the levels concern you? Don’t the boxing areas/support areas concern you? GBP/CHF D1 <img src=“301 Moved Permanently”/> Also the BEEB isn’t any bigger than the previous candles and for now it is stuck inside the boxing area. See how bulls have pushed the price up previously - with no trouble, but when bears try to push it down it doesn’t do so well and the boxing areas represent it. But this is just my point of view. I would really like to know your thoughts on this. 
Richard[/QUOTE]
From a quick glance at your charts, it is way too busy. We stick to major SR levels to for entry and TP levels. If you accounted for all minor resistance levels, you would probably never take a trade or at least never let your trade run for much profits. Technically all candle highs/low will exert some form or minor resistance. If you were wanting to account for all of this you would have a mess. if you stick to watching the major SR levels you shouldn’t find any problem making good profits. We don’t want mark and analyze every place the market had a little reaction to, we want to find the areas the market has historically reversed at our had some serious trouble breaking through over and over. I sometimes find a minor SR level to move my SL behind but I don’t let it affect the profit targets I am shooting for.
For the candle size it’s ok. As is the overall market structure. There isn’t much about this trade that really blows me away, which is why I have it 3 stars. What is does have going for it is a nice inside bar false break(aka inside bar fakey), and it is at a key SR level that has been a key level for this market for years. When looking at these chart setups, in not trying to analyze each boxes in area and go candle by candle. What I look at is the big picture. I look at how price has swung each time. For example each swing low on this pair has been higher and higher. This is a bullish sign. That’s how I am personally looking at the overall market structure. I am not saying take the trade, but it is something you as a trader needs to run through your analysis and trade filters to see if it is a good terse worth the risk.
[QUOTE=“mancamy;570375”] Hey Aaron, I agree there is a bit of neutral to neutral/bullish bias…looking at the weekly chart there is an inside pin bar and a large bullish mother bar - I have noticed this formation a lot just below resistance/above support before a breakout and continuation of existing trend (although not backtested!). What do you think of the weekly? Since I am only trading dailies and the bearish engulfing bar is quite a big range, I am thinking of waiting for NY close Monday to see what happens and hoping for a retrace to resistance (as you say) and then see what happens…even if I miss the boat. But then I am just testing engulfing bars out have not formally added them to my trading plan yet. <img src=“301 Moved Permanently”/>[/QUOTE]
The way I generally trade IBs is if there is an uptrend and they form below a major SR, then I am looking for a reversal breakout to the downside, if the IB forms above a key SR in an uptrend the. I am looking for a continuation breakout. IBs are neutral by nature but we have resistance above so we want to trade with resistance to our back. On the daily we had an inside bar that broke out to the upside and then pulled back. When an inside bar breaks out and then pulls back, the chance of a reversal is very high since there is a big long squeeze in play.
Hi Will,
I am not sure if you have found the solution. But to change it to new york close you need to go to System > Options > Trading Setting > General Setting > Time Zone > select new york in drop down.
Hope this helps.
[QUOTE=“boynep;570439”] Hi Will, I am not sure if you have found the solution. But to change it to new york close you need to go to System > Options > Trading Setting > General Setting > Time Zone > select new york in drop down. <img src=“301 Moved Permanently”/> Hope this helps.[/QUOTE]
Thanks Boynep
Sorry, Krugman. I don’t know what’s wrong with me, but I don’t get it. Can you give an example here?
Waow, you are so disciplined ! Wealth is just a matter of time for you mate !
Hey Aaron/peeps,
For those that trade intraday, when you are away from the screen or if you have a full time day job how do you manage to monitor for and catch intraday setups? Do you just set a price alert with your broker for when price reaches the relevant s/r level? Assuming you don’t take blind entries and want to first check for proper PA signal before placing an order…
i have only just come across this thread and havent even started reading it properly yet but from a quick scan i just want to say congrats aaron on starting this, after chatting with you on skype over the last year or so i think your own thread is long over due!!!, i will be following with massive interest and hopefully contributing a bit if you’ll have me lol
[QUOTE=“mancamy;570593”]Hey Aaron/peeps, For those that trade intraday, when you are away from the screen or if you have a full time day job how do you manage to monitor for and catch intraday setups? Do you just set a price alert with your broker for when price reaches the relevant s/r level? Assuming you don’t take blind entries and want to first check for proper PA signal before placing an order…[/QUOTE]
Amy, it’s one of those things where you simply can’t trade intra day if it doesn’t fit your schedule. It also depends on what timeframe you are wanting to trade. If you work a full time job and can’t view your charts the. Then you will miss put on much of the M30 and H1 candles. If you are wanting to trade H4 and H8 intra day candles, that is high enough TF that even with a full time job you should still be able to catch most of the signals. When I travel I check the daily’s and the intra day before I go to bed. Sometimes there happens to be intra day setups around the time I am checking it, like the NZD trades I took last week.
Oh, I see, I wondered how you fit around your schedule. Thanks, Aaron.
Theres nothings wrong with you. You are probably a visual learner.
Hey everyone,
Checking in for another week! I am feeling refreshed and looking forward to the next five days. Hey Aaron, I finally had chance to delve into lower moving averages (lower than my 200 MA) over the weekend and I now get it! I’ve now got the 30, 50 and 100 MA on my charts and after back testing and learning a few techniques I can see how effectively they can be used in a trending market along side price action. I’m now seeking a live opportunity to test it out, unfortunately most pairs are ranging at the moment
Ranging?? BA, have you checked JPY pairs recently? It seems like the pennant has finally broken through, and all JPY pairs fly through the roof.
H4 tf and above work well for those with full time job.
You may also start considering the D1, W1, and MN tf seriously then. Lots of opportunity there for those who can’t do intraday trade. 
[QUOTE=“wm247;570747”]
Ranging?? BA, have you checked JPY pairs recently? It seems like the pennant has finally broken through, and all JPY pairs fly through the roof. :D[/QUOTE]
Haha oh yes the yen! Let’s hope we get some kind of pull back on the blast off. Am i right jn thinking that a number of the JPY pairs are still ranging with in a box? Apart from the more obvious ones like EURJPY etc.
Hope you haven’t been partying to hard over the weekend Wm247, you’ll wear that Miley Cyrus cd out!
Hi Aaron
I watched your videos on pin bars. V well presented & well explained. I have a question with regards to “Why Pin Bars Form” that I’d like to raise now than to stock it up, if you don’t mind. In case the question had been asked & answered before, pl point me to the post(s). Thk you.
We know that a pin bar (or for that matter other reversal signals such as engulfing bars, 2-bar reversal… etc) is NOT a guaranty for a successful reversal trade. It may fail occasionally.
My question is the converse: is price reversal [B]always [/B]preceded by pin bar(s) or engulfing bars or 2-bar reversal signal(s)? If not, what other reversal signal(s) are there to look for so that we don’t miss an impending reversal?
Henry
Some are inside ranging trade, but most are trending now. EURJPY for example, is heading straight to a strong Weekly resistance at 138.500. Chance is high that price will reverse around that level.
Oh, it’s all party in the USA. Even Krugman is having a good time at Texas, and Florida next time. I’m surprised nobody ain’t arrest nobody for arson yet as we’ve been burning down the house so much that the roof is on fire all night long!
