The ‘Bread & Butter’ Forex Trade Setup You Need to Know
The ‘Bread & Butter’ trade setup or the B&B is a trade setup that you need to make as your stock money making trade. This is the type of trade that is a very simple and yet high probability trade setup and the reason it is referred to as the ‘Bread & Butter’ setup is because it is a reliable setup you can always fall back on and make time and time again as your stock ‘Bread & Butter’ high probability trade.
When I look up the www.YourDictionary.com definitions for Bread & Butter they state that;
For noun; bread & butter means of support livelihood.
For adjective; bread & butter means reliable, especially for producing income.
These two meanings above for both the noun and adjective give you an insight into exactly what the saying bread and butter means because they both put into words exactly what the term is all about, but more importantly it helps you understand exactly what you are looking for when you start to hunt your own B&B trade setups which is what the goal with today’s lesson is so that you can make your own super high probability trade setups!
In this video below I am going to take you through a very high probability trade setup, why exactly it is a B&B setup and the major factors you would need to consider if you were going to enter this trade and manage it with price action like we teach members in the Price Action Trading Courses.
Lastly; at the start of the video I tell you about the story of Rob who decides to trade just one price action trigger signal and become a ‘Master’ at the setup, rather than doing what most do and trading every setup they can find. You can read this story here;
Make Money Trading One Price Action Trigger Signal at a Time
You can find more information on how to start using the bread and butter setup, and adding more advanced setups and trade management into your trading in the Students Price Action Trading Course.
Let me know your thoughts, comments and what your opinions are on the ‘Bread & Butter’ trade setups, in the comments section below.
Safe trading and all the success,
Johnathon
Please Like + Share & Let me Know Any Comments or Questions You Have!
Hi Sir
Thank you so much .
I am interested in becoming your student .
How to join the course .
What are the conditions?
Thanks for the very informative and well presented video. I am learning a lot from you and your most welcome material
Hello the beginner course has been blocked from one to read.
Hi,
are you logged in to the course area and if so do you get an error message?
Johnathon
Sir I am interested in becoming trade online.thanks for you been want me have brighter future n overcome poverty .pls continue to direct your student .
The bread and butter setup is awesome, i’ve started using it this week and it greatly change my approach to trading. I’m more confident now and i’ve made no loss, each trade was profitable. Thank you so much for your encouragement and the lessons that you provide.
Thanks for your comment Anastasia! 👍
Any questions or anything else let us know.
Johnathon
Can I apply price action on Binary Iqoption trading?
Thanks, Johnathon. God bless you.
Great to have you Taiwo!
Hi Johnathon, great video. Everything simplified, you make fx trading so easy I cannot believe I am a newbie. God bless you.
Thank you Sir, this lesson has been very informative.
god bless….i have learned …..thanks
…david
Your very welcome David!
Hi Johnathon,
Excellent video as usual. I enjoyed watching it. Lots of what seems to me to be very good advise on how to approach trading. I say “what seems to me” because I am so new to price action trading that I know very little about it.
However, I like what I am seeing and hearing and I am excited to learn more. I think that what I like most is the lack of conflicting information. It makes it so much easier to process. I’ve known what a pinbar is for some time now but I had no idea how to trade it. Your instruction on making sure it is at an area of support or resistance is very helpful.
Regards,
Brande
Hello Mr Johnathon,
Awesome information in this video. I’m mighty glad this can be applied to any timeframe because its a bit difficult for me to wait for good setups on higher timeframes. So I would try to apply this on M15 TO H1 TIMEFRAMES and see how it goes. Perhaps as I continue to learn patience on this trading journey, I will then gravitate to taking trades on higher timeframes. Thanks a lot for all the work and teaching.
Heya Chibuzor ,
really great to hear from you!
Yes price action is price action, however; there are some major overriding principles that do need to be applied no matter the time frame such as; how you find and use your key levels.
Also; I normally highly recommend traders work their way down the time frames, for example start at the daily & 4 hour charts and then as they are profitable move to as low as time frame as they want, but sometimes this is not practical with lifestyle. Keep in mind in the future though if you cannot crack profitability, this may be what you need to do. Move back up, to work your way back down.
Johnathon
Good explanation of this type of trade. The breakout of resistance with the strong bearish candels seems to be key to make it work.Thank you.
hay sir … are u also giving ka live signals ?
Hi Tayyab,
no we do not do live signals. If you have any other questions or need help with anything else please just let me know.
Johnathon
Hey Jon,
Thanks for the heads up on the recent price flip video.
I have some comments about the pin set up which I would like to discuss.
Firstly I understand why this was seen as a price flip pin bar reversal but I wonder about location for this trade. I had looked at the weekly chart to find that we were nearing the end of a pullback after a huge move upwards. So while the daily shows a short term down move as you said the master trend on the weekly shows we should be looking at a potential area to buy.
Just my two cents worth and I am by no means an expert. I really enjoy reading your posts / videos and have been studying PA now for a couple of years. I have been reading a few forums for knowledge but recently a PA trader here in London has changed the way I look at the charts. He is a professional trader and does very well and uses PA only, but some of his levels to trade from contradict for example what Nial Fuller would trade…. The whole thing seems to be getting confusing and I would like to be in a position to move forward..
Many thanks
Steve West
Heya Steve,
it sounds like you may have got yourself a little bit confused and into the analysis paralysis where you are way over thinking things.
This was a super high probability, simple and basically textbook setup. The next thing that needs to be said is that; you are never going to find ‘perfect trades’ and that is not what we are here for. We are here to find trade setups that stack the odds in our favor and create an edge over the market, the ones that are perfect come along once in a blue moon.
The setup was rejecting a price flip area, was a killer pin bar that was up at a high and sticking well away from everything, it had a stack of room to move into and could be safely managed.
What you need to realise is that every trader is going to be different and see things completely differently and that is fine. You need to stop watching others and also do your own thing otherwise you are going to continue to be confused.
You need to mark your own levels, take your own trades and manage your own trades and then you can learn from all of that yourself because it is you – not someone else doing it all.
Johnathon
Well done Jonathan! – very valuable info structured in an easy understandable way. In line with your opening statement I add a comment that has helped me to understand this principle: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practised one kick 10,000 times” – Bruce Lee.
Keep up the good work!!
Hi Jakob,
That is a cracker of a saying and I agree 100%. That reminds me I will link that article on Rob above so that you can all find it and read it!
Thanks Jakob.
Johnathon
Thank you very much Jonathan. I always look forward to your emails. I have learnt a lot from you thus far.
Hi Johnathon
Thanks for the informative video and all the hard work that you put into each presentation.
I have been an engulfing watcher to date and will now add pin bars to my quiver.
Thanks again
Heya Brent,
thanks for the comment!
When played from the best spots and managed correctly into space, the pin can be a killer trigger of all triggers.
Johnathon
thank you sir
yes MR johnath0n .the pin bar is power poin in entry. thanks so much
Thanks Sentosazr! Yes it can be a super powerful trigger.