Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Originally Posted by Gelly Your comments about gold pivots yesterday saved my bacon today - as you say they are ...

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Old Jun 2, 2011, 11:20am   #1705
 
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Re: Pin Bar System

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Originally Posted by Gelly View Post
Your comments about gold pivots yesterday saved my bacon today - as you say they are quite a bit different. (So are silver). However I missed the eur trade this am because my pivot levels were different to yours. I use indicator mentioned above, but this is different to Livecharts by enough to prevent me getting into a couple of trades you have found recently. It means I have to manually enter forex pivots to see if there is a trade, as well as if it is valid. I'm having trouble with all these differences, although I use SML & am in UK, so should be same as yours. Yet your pivot seems the same as livecharts. Any advice well appreciated. Thanks, Geoff
hi geoff

i tend not to use smartlive for currency pivots as they are off more than most service providers if you use the autopivot indicators that i use on the site (its been posted many times) and download UWC DEMO account i find the autopivot indicator works very well with there time periods and is rarely off livecharts levels (except for r3 which we do not use from livcharts as they calculate this differently to us)
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Old Jun 2, 2011, 11:21am   #1706
 
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Re: Pin Bar System

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Originally Posted by robjones View Post
I had this as my first PB trade 2day +25 couldve went way further
well done Rob nice trading

the ftse continues to rise without me damn patience of mine
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Old Jun 2, 2011, 11:26am   #1707
 
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Re: Pin Bar System

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Originally Posted by Hits76 View Post
Hi Pocrel would you be able to give an idea of your win rate and average R:R? Also have you tried trading this method using support and resistance line instead of pivot levels?
here is an example of a nice confluence for me hits76

i am not trading gold today but if i was then you have a pin bar , pivot level and a lovely bounce of a trend line also you have old resistance becoming support

chart
gold.gif

Last edited by pocrel; Jun 2, 2011 at 11:36am. Reason: crap spelling
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Old Jun 2, 2011, 11:32am   #1708
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Re: Pin Bar System

Thanks for advice, Pocrel, I'll do that. Cheers.
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Old Jun 2, 2011, 12:51pm   #1709
 
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Re: Pin Bar System

pocrel started this thread cant seem to get a trade, going to have a break

morning summary: 1 trade (scratched)

+0
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Old Jun 2, 2011, 3:08pm   #1710
 
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Re: Pin Bar System

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Originally Posted by jm4x View Post
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

Has anyone seen jeff? his alarm must not have gone off
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Old Jun 2, 2011, 3:14pm   #1711
 
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Re: Pin Bar System

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Originally Posted by pocrel View Post
Has anyone seen jeff? his alarm must not have gone off
in answer to your questions, i manually input my index and commodities from livecharts and oilngold in the morning, i enter these into a manual pivot indicator high,low and close to get my levels and i use autopivot for currencies, but i always cross check the autopivots with livecharts.co.uk and oilngold.com to ensure i have the correct levels for the day (the only difference is that we do not use r3 from live charts)

hope that helps

patrick
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Old Jun 2, 2011, 4:03pm   #1712
 
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Re: Pin Bar System

pocrel started this thread trade alert just managed to get a short on brent after the retrace
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