Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Originally Posted by pocrel half off now +9 second half off +18 total: +13.5 full points chart what a great ...

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Old Apr 14, 2011, 11:40am   #785
 
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Re: Pin Bar System

pocrel started this thread
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Originally Posted by pocrel View Post
half off now +9
second half off +18

total: +13.5 full points

chart
cac.gif

what a great move
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Thanks! The following members like this post: DDI
Old Apr 14, 2011, 11:42am   #786
 
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Re: Pin Bar System

pocrel started this thread well done on the cable whoever took it it was so boarder line if i had not checked livecharts i would be rolling in it this morning
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Old Apr 14, 2011, 11:53am   #787
DDI
Joined Nov 2006
Re: Pin Bar System

cac was a great set up..has 2 consecutive bearish candles and a steep divergence with stochs. (I have been burn with divergences in general but I do find the steeper ones have a better chance)
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Old Apr 14, 2011, 12:04pm   #788
 
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Re: Pin Bar System

pocrel started this thread for anyone who stayed in that cable trade well done:

chart
cable1.gif
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Old Apr 14, 2011, 12:07pm   #789
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Re: Pin Bar System

Ended up being a great trade on cable, shame I chickened out early.
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Old Apr 14, 2011, 12:13pm   #790
 
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Re: Pin Bar System

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Originally Posted by geewcee View Post
Ended up being a great trade on cable, shame I chickened out early.
you still banked some points so dont be to hard on yourself, takes time to develop the nerve to hold out but you must do this or else you wont be profitable over the longterm

as for the range cable is moving in this can change over time and best to keep an eye on what it did on the over night range and previous week and even day, it was close to its average 10 day range, this is only a guide and cable could as you say go on for another 150 points and if its does good for cable but i want low risk entries and if there is a chance of a reversal like what just haappened then i would prefer to be in that move.
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Old Apr 14, 2011, 12:22pm   #791
 
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Re: Pin Bar System

cable now forming long off R1
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