Great Info Paul
I hope that this image helps someone... I've learned to really trade those pin balls near pivotal areas. From here on out I am going to double up or maybe even triple my sizes on these sweet setups. A sweet set up for ME would be a Fib along with pin balls near 1 2 3 setups and pivotal areas. If I see those, I'm going for the gusto!
I sould have taken a screen shot of the AUS/USD, that set up I'm talking about was going on just after I placed my trade on the USD/JPY, however, I missed getting in at the top (100 Fib) level where a nice pin ball was at, those prices ran down, I missed out on a quick 50-60 pip move.
To answer Exclusive's question, yes I have taken John Templeton's "Price Action Trade" course for $197 and it is well worth it. I just got it last night and have made 3 successful trades since midnight. I implemented the strategies as soon as I finished going over all of those damn videos, lol. He goes into detail of how he trades pin balls along with the fib and 1 2 3 patterns.
Now I'm going to look at Paul's information to see if I can pick up on something new, I'm always looking to become perfect
Oh and by the way I shorted that USD/JPY pair at 92.55 near the 100 Fib levels. I placed my stop loss just above the 100 level at 93.00 and my take profit level is at 91.40 which is where support would be due to the 1 2 3 buy pattern. You can see where I did draw a trendline up, although, it was approaching the 100 Fib levels (looking for counter trend). Truthfully I should have waited for a close below that trendline just to be sure, which is why I didn't open a large position, but let's just see what happens.
I hope that this image helps someone... I've learned to really trade those pin balls near pivotal areas. From here on out I am going to double up or maybe even triple my sizes on these sweet setups. A sweet set up for ME would be a Fib along with pin balls near 1 2 3 setups and pivotal areas. If I see those, I'm going for the gusto!
I sould have taken a screen shot of the AUS/USD, that set up I'm talking about was going on just after I placed my trade on the USD/JPY, however, I missed getting in at the top (100 Fib) level where a nice pin ball was at, those prices ran down, I missed out on a quick 50-60 pip move.
To answer Exclusive's question, yes I have taken John Templeton's "Price Action Trade" course for $197 and it is well worth it. I just got it last night and have made 3 successful trades since midnight. I implemented the strategies as soon as I finished going over all of those damn videos, lol. He goes into detail of how he trades pin balls along with the fib and 1 2 3 patterns.
Now I'm going to look at Paul's information to see if I can pick up on something new, I'm always looking to become perfect
Oh and by the way I shorted that USD/JPY pair at 92.55 near the 100 Fib levels. I placed my stop loss just above the 100 level at 93.00 and my take profit level is at 91.40 which is where support would be due to the 1 2 3 buy pattern. You can see where I did draw a trendline up, although, it was approaching the 100 Fib levels (looking for counter trend). Truthfully I should have waited for a close below that trendline just to be sure, which is why I didn't open a large position, but let's just see what happens.
