Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Was also tempted by USD/JPY, but although a pin and clearly breaching S1, the close looks a little positive and ...

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Old Aug 17, 2011, 9:06am   #2641
Joined Jun 2009
Re: Pin Bar System

Was also tempted by USD/JPY, but although a pin and clearly breaching S1, the close looks a little positive and PA is already close to the low of the week so far and not far from the all time low, so I fear there could be a bounce first, if indeed it is going to push lower.
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Old Aug 17, 2011, 9:06am   #2642
 
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Joined Nov 2010
Re: Pin Bar System

Quote:
Originally Posted by splashy View Post
gbpusd long
dollar index just had another poke out of the channel and gave up again so if it heads south gbpusd should go north...
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Old Aug 17, 2011, 9:13am   #2643
Joined Apr 2011
Re: Pin Bar System

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Originally Posted by splashy View Post
dollar index just had another poke out of the channel and gave up again so if it heads south gbpusd should go north...
Hi Splashy, this is how I saw it..
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Old Aug 17, 2011, 9:18am   #2644
Joined Apr 2011
Re: Pin Bar System

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Originally Posted by Gelly View Post
Hi Splashy, this is how I saw it..
Didn't take this, with news coming up.
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Old Aug 17, 2011, 9:19am   #2645
Joined Jun 2009
Re: Pin Bar System

I missed USD/CHF, just touched S1 already, although may not have taken it as R/R not ideal.

(Apologies by the way, I can't post screen shots, as I reply to this forum from my office PC, which won't run my MT4 platform, so my trading is done via a small laptop at the side of my desk with a mobile broadband dongle)
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Old Aug 17, 2011, 9:26am   #2646
 
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Re: Pin Bar System

Quote:
Originally Posted by Gelly View Post
Didn't take this, with news coming up.
...

lol. actually, i didn't end up taking it either but mainly because i didn't like the previous bar...and also becasue eurgbp and eurusd all had identical pins which was a weird correlation for me...
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Old Aug 17, 2011, 9:37am   #2647
Joined Apr 2011
Re: Pin Bar System

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Originally Posted by splashy View Post
...

lol. actually, i didn't end up taking it either but mainly because i didn't like the previous bar...and also becasue eurgbp and eurusd all had identical pins which was a weird correlation for me...
Right decision
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Old Aug 17, 2011, 9:38am   #2648
Joined Jun 2009
Re: Pin Bar System

Took +40 on GBY/JPY, but only countered the -40 on cable
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Old Aug 17, 2011, 10:02am   #2649
Joined Apr 2011
Re: Pin Bar System

Long pin on Brent
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Old Aug 17, 2011, 10:03am   #2650
 
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Re: Pin Bar System

I knew my trendline would come in handy...any takers?
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