Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Pin bar formed on FTSE as indicated by the grey dot on the chart. Waiting for the long entry....

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Old Jun 1, 2011, 9:00am   #1681
Joined Dec 2006
Re: Pin Bar System

Pin bar formed on FTSE as indicated by the grey dot on the chart. Waiting for the long entry.
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Old Jun 1, 2011, 9:04am   #1682
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by e.nigma View Post
Pin bar formed on FTSE as indicated by the grey dot on the chart. Waiting for the long entry.
try not to take any trades off the opening bars on the morning index as they can look very different on different platforms
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Old Jun 1, 2011, 9:11am   #1683
Joined Dec 2006
Re: Pin Bar System

Thanks for the heads up. I take it that it's best to wait for the first two bars to form in order for the market to settle down then?
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Old Jun 1, 2011, 9:22am   #1684
Joined Apr 2011
Re: Pin Bar System

Closed my gbp trade for zero - news coming up...
Now short gold - hope it goes better than the last few gold trades.
e.nigma, I have quite a different opening pin on ftse!
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Old Jun 1, 2011, 9:22am   #1685
 
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Re: Pin Bar System

pocrel started this thread i am not going to trade gold today, i have 3 different pivot levels so when in doubt stay out,

yes e.nigma its best to get that shake out first and try t get a better picture of where we are going
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Old Jun 1, 2011, 10:04am   #1686
 
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Re: Pin Bar System

pocrel started this thread trade alert : order pending to short eurgbp 8774 stop 8794
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Old Jun 1, 2011, 10:08am   #1687
 
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Re: Pin Bar System

pocrel started this thread
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trade alert : order pending to short eurgbp 8774 stop 8794
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eurgbp.gif
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Old Jun 1, 2011, 10:46am   #1688
 
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Re: Pin Bar System

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short eurgbp now
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Old Jun 1, 2011, 11:32am   #1689
 
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Re: Pin Bar System

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short eurgbp now
banking my +19 full points on eurgbp

nice little move on that pair

so +19 full points
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Old Jun 1, 2011, 11:36am   #1690
Joined Apr 2011
Re: Pin Bar System

[QUOTE=pocrel;1572332]i am not going to trade gold today, i have 3 different pivot levels so when in doubt stay out,

Thanks for comments on pivots - I see what you mean & so I closed out for 13 full pips at what looks like the bottom of a long channel.
Missed eurgbp, I thought it closed a bit high. Still learning!
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Old Jun 1, 2011, 12:23pm   #1691
 
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Re: Pin Bar System

pocrel started this thread going to take a few hours off back later

1 trade this morning

+19 full points
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Old Jun 1, 2011, 3:48pm   #1692
 
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Re: Pin Bar System

The EA took that EUR/GBP one but didn't hit 1:1 and stopped out :-(
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Old Jun 1, 2011, 4:41pm   #1693
 
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Re: Pin Bar System

pocrel started this thread thats me done for the day off out to enjoy the sun here in london

only 1 trade

+19 full points
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Old Jun 2, 2011, 2:19am   #1694
Joined May 2011
Re: Pin Bar System

Quote:
Originally Posted by pocrel View Post
thats me done for the day off out to enjoy the sun here in london

only 1 trade

+19 full points
Pocrel, I have found your system to be very good. I live in the Midwest of the USA and see you still start some post that your lines are drawn and ready to trade. Do you just verify the Pivots. I noticed the bad trade day May 9 2011. that the pivots were an issue. Thank You, for your journal and system. I am going to get up at 3AM and try some trades. Thanks Jeff
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Old Jun 2, 2011, 9:09am   #1695
 
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Re: Pin Bar System

pocrel started this thread morning, lovely little pin on gold but again i am getting different levels on the pivots so i am going to leave it
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