Forex "Pin" Bars

lurkerlurker

lurkerlurker

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The purpose of this thread is for posting charts and discussions of "pin" bar charts. Ideally alerts should be posted here live in real time. For more about "pin" bars, please see TD's thread "Making Money Trading" or the James16 thread over at Forex Factory.

Live trades, entries and exits, and alerts can be posted here.

People who trade this system should check for new messages in this thread every hour as most people trade hourly FX pin bars. It would be even more helpful if people could post a few minutes before the bar closes so that we can evaluate the trade and enter orders if it closes as a good pin.
 
Alert

GBP/USD: 4H, 3 bars ago but still time to get on-board. Punched through 19800 and back down again.
 
shadowninja said:
GBP/USD: 4H, 3 bars ago but still time to get on-board. Punched through 19800 and back down again.
Click to expand...
That's a pretty sorry looking pinbar SN....The open and close are way too far apart.

Apart from the fact we're getting close to monthly/weekly/daily Resistance and Fibs at roughly 60-70 pips below, it might have been worth a quick short punt, but at this time of the day and day of the week, it's a relatively expensive proposition and with a number of Euro zone figures comin gout from 06:45 through 10:00 tomorrow, do you really want to be exposed?
 
Fair enough. Worth highlighting anyway so people can see something that isn't to be traded. :)
 
Well, I didn't say it wasn't to be traded, that's up to you and everybody else.

I just pointed out it wasn't a Class I pinbar AND it was an relatively expensive time of day/day of weeek to trade AND there was limited downside potential to the move AND we had a bunch of figures coming out...LOL.

edit:- Plus, you'll start all our feathered friends off if they notice what the 5 min is hugging...
 
Last edited:
shadowninja said:
GBP/USD: 4H, 3 bars ago but still time to get on-board. Punched through 19800 and back down again.
Click to expand...

excellent .. that's the idea for this thread .. it's a pin bar .. it's up for discussion .. I've been looking at it , and looking at it .. I didn't even think about the Eurozone data out this week so this is good input from TheBramble as well
 
TheBramble said:
Well, I didn't say it wasn't to be traded, that's up to you and everybody else.

I just pointed out it wasn't a Class I pinbar AND it was an relatively expensive time of day/day of weeek to trade AND there was limited downside potential to the move AND we had a bunch of figures coming out...LOL.

edit:- Plus, you'll start all our feathered friends off if they notice what the 5 min is hugging...
Click to expand...

can you spell it out for me .. it's late here, I've gone cross eyed .. what's that about feathered friends?
 
shortorlong said:
can you spell it out for me .. it's late here, I've gone cross eyed .. what's that about feathered friends?
Click to expand...
3 ducks. Although they'd be silly to be trading it for the same reasons. Especially as it hasn't dropped below the 710 level...
 
shortorlong said:
well believe it or not I took that pin, now +22 points .. time for bed .. night all (y)
Click to expand...

morning all,

I see the price has started moving lower this morning.

I should say that my trade on that pin was also motivated by the fact that UK interest rates, are rumoured to be going down this Thursday.

now it's only fair I do some leg work and find a pin to pay back the thread .. I could be some time

good trading all
 
Eur/Aud 1hr Pin bar

I will take this if it triggers.

The pin bar is not PERFECT as the close is slightly lower than the low of the preceeding bar HOWEVER, it is right off the 61 of the last swing AND a decent s/r zone (see chart 1)

Chart 2 shows that s/r zone on the daily TF.
 

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trader_dante said:
I will take this if it triggers.

The pin bar is not PERFECT as the close is slightly lower than the low of the preceeding bar HOWEVER, it is right off the 61 of the last swing AND a decent s/r zone (see chart 1)

Chart 2 shows that s/r zone on the daily TF.
Click to expand...

Eww. That trade doesn't look quite right to me. There is also an hourly pin on the YM if anyone is feeling like taking a punt.

I'm flat.
 
TheBramble said:
Who do you trade with? What was your spread?
Click to expand...

I decided to open a position on my test account as I wanted to test a money management method.

Opened three positions at roughly same level. Two positions to close 20 pips profit (they did). One to close at 70 pips profit (SL now just below entry point so profit no matter what).
 
shadowninja said:
I decided to open a position on my test account as I wanted to test a money management method.

Opened three positions at roughly same level. Two positions to close 20 pips profit (they did). One to close at 70 pips profit (SL now just below entry point so profit no matter what).
Click to expand...
Question was directed at shortorlong SN. I was wondering what the spread was when he opened his positions at 02:38 on a Monday morning.
 
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