Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Originally Posted by Option1 Hi Pocrel Do you manually enter the pivot zones every day from the site ? If ...

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Old Dec 8, 2011, 12:43pm   #3061
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by Option1 View Post
Hi Pocrel

Do you manually enter the pivot zones every day from the site ?

If done manually - do you notice any descrepancies between the closing prices of your broker verus the pivot calculator ?

Thanks

Thanks
Hi option 1

I manually enter high low and close prices from livecharts, oilngold.com or patterntrapper.com

these give me a good idea of what the levesl are, they are not always the same, I market off the high and low's on my charts aswell to get an idea if there prices are correct, this only take 5min to do once you get use to it

as for "what is a pin bar" there are plenty of examples all over this journal to look at but basically its a bar with price opening and closing close to each other with a tail

tial is either pointing up or down and you need to trade the part that is close to the open and close not the tail end
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Old Dec 8, 2011, 12:56pm   #3062
 
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Re: Pin Bar System

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Originally Posted by pocrel View Post
Need to wait for the rate decisions are out of the way to trade again
I think the meeting in brussells is having more of an impact.
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Old Dec 8, 2011, 2:45pm   #3063
 
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Re: Pin Bar System

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stopped out of ftse -23 points

-£154

porfolio balance £10099
ftse.gif


1 pip stop i am not bitter
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Old Dec 8, 2011, 3:23pm   #3064
 
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Re: Pin Bar System

pocrel started this thread sorry guys things happening so quick unable to get trades up live but everything is a short big stops required
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Old Dec 8, 2011, 3:45pm   #3065
 
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Re: Pin Bar System

pocrel started this thread currently short ftse from 5538 stop 5606

ftse.gif


could take all day to reach the target or get stopped out
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Old Dec 8, 2011, 4:03pm   #3066
 
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Re: Pin Bar System

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currently short ftse from 5538 stop 5606

Attachment 125936


could take all day to reach the target or get stopped out
moving stop to 5565

hope we can bit of more momentum lower here
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Old Dec 8, 2011, 5:02pm   #3067
 
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Re: Pin Bar System

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moving stop to 5565

hope we can bit of more momentum lower here
stops now at pretty much entry on ftse 5541
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Old Dec 8, 2011, 5:13pm   #3068
 
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Re: Pin Bar System

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stops now at pretty much entry on ftse 5541
closed ftse for +38 @ 5500
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Old Dec 8, 2011, 5:19pm   #3069
 
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Re: Pin Bar System

pocrel started this thread That me done for the day, missed getting a trade on audusd short here in the journal market just moving to fast after Drogies speech but got it on in the Room so happy with that


ftse +£95

-£59 for the day

portfolio balance £10194
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Old Dec 8, 2011, 5:21pm   #3070
 
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Re: Pin Bar System

pocrel started this thread here is the audusd chart for anyone that missed it

audusd.gif
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