Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the New Traders category; Originally Posted by pocrel short half size on the eurgbp scratch that trade just nt confident in the setup...

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Old Aug 8, 2011, 4:18am   #2513
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short half size on the eurgbp
scratch that trade just nt confident in the setup
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Old Aug 8, 2011, 4:21am   #2514
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scratch that trade just nt confident in the setup
this is what i was looking at and i was worried about that trend line and we got a strong bounce from it so i think it might go higher now

eurgbp.gif
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Old Aug 8, 2011, 4:26am   #2515
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pocrel started this thread right folks sitting just above the pivot but i am shorting the audusd here
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Old Aug 8, 2011, 4:27am   #2516
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right folks sitting just above the pivot but i am shorting the audusd here
chart

audusd.gif
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Old Aug 8, 2011, 5:15am   #2517
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pocrel started this thread foot off the gas here folk, closing position for +35 full points on aud usd


+35 full points
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Old Aug 8, 2011, 5:46am   #2518
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this is what i was looking at and i was worried about that trend line and we got a strong bounce from it so i think it might go higher now

Attachment 120134
shame on you eurgbp should have stuck to my guns

eurgbp.gif
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Old Aug 8, 2011, 7:04am   #2519
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shame on you eurgbp should have stuck to my guns

Attachment 120142
Your stochs was also showing divergence
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....Indicators show the past. Price Action "Indicates" the future.
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Old Aug 8, 2011, 7:09am   #2520
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Your stochs was also showing divergence
not really due to the big spike bar on the open neil

but if we took that bar out then yes there was divergence (that was playing on my mind a little)

eurgbp.gif
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