Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the New Traders category; Yep, cheers for the link Pocrel I will use that site in future. EURGBP is a pair I had added ...

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Old Jun 3, 2011, 7:05am   #1737
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Default Re: Pin Bar System

Yep, cheers for the link Pocrel I will use that site in future.
EURGBP is a pair I had added but your screen shot made me realise my pivots were miles out compared to yours.
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Old Jun 3, 2011, 7:07am   #1738
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Default Re: Pin Bar System

pocrel started this thread
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short eurgbp now 8884 stop 8896
Right not got the follow on so going to close eurgbp for +1

+1 full points on eurgbp

getting close to non farm so going to back off now

morning round up

trades 2

+27.5 full points

2 wins
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Old Jun 3, 2011, 8:40am   #1739
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pocrel started this thread well did you play black or red?

looks like wti had a second go at our trend line and plummeted, great level

chart
wti2.gif
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Old Jun 3, 2011, 8:41am   #1740
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Its a good idea to demo first but the sooner you get onto real money the better i think as you will not have the same emotions when real money is on the line (even if it s 50p per point)

on 30min time frame there is plenty of trades, perhaps you need to start at a slower time frame perhaps 4hr so you can digest the market and whats happening and then if you think you need something quicker move down but only when you know what your doing

i trade a real money account and i make decent enough money from it but i also work so not as much pressure on me

good luck with your first trade whatever it is
Thanks pocrel. I know what you mean about emotions. I know you are uk based... Do you spread bet this system? I was considering spread betting with smart live markets as they have mt4 platform and allow 10p per point.

EDIT just noticed your charts are smart live spread bet! Good broker in your experience?
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Old Jun 3, 2011, 8:48am   #1741
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Thanks pocrel. I know what you mean about emotions. I know you are uk based... Do you spread bet this system? I was considering spread betting with smart live markets as they have mt4 platform and allow 10p per point.

EDIT just noticed your charts are smart live spread bet! Good broker in your experience?
yes hits i spreadbet here in the uk and i find smartlive fine i also use worldspreads and igindex
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Old Jun 3, 2011, 8:51am   #1742
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pocrel started this thread my analysis is even holding up on the short eurgbp, not bad for a non farm payroll day

chart
eurgbp.gif
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Old Jun 3, 2011, 9:02am   #1743
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pocrel started this thread My charts are mess now thats why i dont really trade after non farms

so going to call it a day, been not to bad for half a week

Totals: trades 5

+77.5 full points

4 wins
1scratched

have a good weekend, i am not really trading uk time next week due to work, travelling to bangkok and sydney so might catch some of the late night traders, i tend to look more at the asian markets when i am in the far east so we will see

cheers

patrick
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Old Jun 3, 2011, 6:16pm   #1744
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Originally Posted by pocrel View Post
My charts are mess now thats why i dont really trade after non farms

so going to call it a day, been not to bad for half a week

Totals: trades 5

+77.5 full points

4 wins
1scratched

have a good weekend, i am not really trading uk time next week due to work, travelling to bangkok and sydney so might catch some of the late night traders, i tend to look more at the asian markets when i am in the far east so we will see

cheers

patrick
Thanks Patrick Have a great W/E, Another stellar week. I think Gelly should be Knighted and keep us in line .
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