Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Here is a good example of a pin bar forming on AUDUSD against the daily trend. The bar formed at ...

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Old May 6, 2011, 3:53pm   #1121
Joined Aug 2008
Re: Pin Bar System

Here is a good example of a pin bar forming on AUDUSD against the daily trend. The bar formed at 14.00 london time and the trade has just triggered.

The dilemma here is do you take the trade against the prevailing daily trend and a previous bullish thrust candle at time of writing it looks like another pin bar candle is forming on the 14.30 candle.

There is no right or wrong answer to this its just a discussion point.
Attached Thumbnails
chart3.gif  

Last edited by MajorDutch; May 6, 2011 at 3:55pm. Reason: attached chart with my account details!
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Old May 6, 2011, 4:01pm   #1122
DDI
Joined Nov 2006
Re: Pin Bar System

This is very similar to the wti long pin earlier this morning that I ignored (but turned out well). Am gonna look at the 130 or so charts I have but I do believe ignoring these set ups, you reduce a greater percentage of your losers than winners.
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Old May 6, 2011, 4:13pm   #1123
D70
Joined Nov 2009
Re: Pin Bar System

Hi Pocrel,
Are you going to post some trade stats? Number of wins / losses, drawdowns, risk / reward etc etc.
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Old May 6, 2011, 4:24pm   #1124
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by D70 View Post
Hi Pocrel,
Are you going to post some trade stats? Number of wins / losses, drawdowns, risk / reward etc etc.
i can certainly post a load of figures and number crunched out over a number of year but that is not what i am trying to do here,you can find plenty of blog etc here on past performance, i know the system works for me and thats all i need to say about it
what i am doing here is showing the system working live and the profit or loss i am making in terms of POINTS

i do a summary eveyday, week and month and we are close to 2 months now and i have have not had a losing week yet and all trades are called live entry excits in real time and can be checked

i dont see alot of people on this site calling live trades and posting in real time and giving away there setups so everyone can judge them

please read over the journal and any questions shoot
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Old May 6, 2011, 4:28pm   #1125
 
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Joined Nov 2008
Re: Pin Bar System

pocrel started this thread [QUOTE=pocrel;1547010]Tradle alert

order to short cable

chart
Attachment 113234[/QUOT

order now cancelled on cable

two 30min bars so order cancelled
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Old May 6, 2011, 4:33pm   #1126
D70
Joined Nov 2009
Re: Pin Bar System

Quote:
Originally Posted by pocrel View Post
i can certainly post a load of figures and number crunched out over a number of year but that is not what i am trying to do here,you can find plenty of blog etc here on past performance, i know the system works for me and thats all i need to say about it
what i am doing here is showing the system working live and the profit or loss i am making in terms of POINTS

i do a summary eveyday, week and month and we are close to 2 months now and i have have not had a losing week yet and all trades are called live entry excits in real time and can be checked

i dont see alot of people on this site calling live trades and posting in real time and giving away there setups so everyone can judge them

please read over the journal and any questions shoot
Hi Pocrel,
I wasnt "having a go". Just wondered if you were keeping a tab on the numbers to see if your method gets better or worse. That kind of thing.
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Old May 6, 2011, 4:36pm   #1127
DDI
Joined Nov 2006
Re: Pin Bar System

not exactly a pin on gold but i fancy it! Will go long if high is broken
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Old May 6, 2011, 4:38pm   #1128
 
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Re: Pin Bar System

pocrel started this thread trade alert

long order pending on nasdaq 100

chart
nasq.gif
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Old May 6, 2011, 4:40pm   #1129
DDI
Joined Nov 2006
Re: Pin Bar System

long at 1495, good job i left order as it burst up!
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Old May 6, 2011, 4:45pm   #1130
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by pocrel View Post
trade alert

long order pending on nasdaq 100

chart
Attachment 113240
trade on

long Nas 2400 stop 2391.5
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