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 Splitlink I like pins but, I'm afraid, am not a great believer in pivots, which is why ...

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Old Oct 29, 2011, 5:56pm   #2873
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Default Re: Pin Bar System

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Originally Posted by Splitlink View Post
I like pins but, I'm afraid, am not a great believer in pivots, which is why I leave this thread alone. If you want to talk somewhere else, perhaps, we could exchange ideas.

Just now, though, I see the present 4 hour bar could become a pin in the revesrse direction. What do you think? A couple of hours to go, yet, and anything can happen in that time. But when do you decide to take action, if you have not, already, done so??
Pivots are great for secondary confluence. Not something you want to be taking blind trades off imo.
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Old Nov 8, 2011, 8:59am   #2874
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pocrel started this thread Not looking so great now eurjpy, had to delete the last chart due account number showing sorry
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Old Nov 8, 2011, 9:02am   #2875
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Not looking so great now eurjpy, had to delete the last chart due account number showing sorry
this was the chart but finished all wrong

eurjpy.gif

will try to get a live trade up today
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Old Nov 8, 2011, 9:53am   #2876
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pocrel started this thread Watchin usdcad for a short as we come into the close

here is the chart

usdcad.gif
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Old Nov 8, 2011, 10:03am   #2877
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Watchin usdcad for a short as we come into the close

here is the chart

Attachment 124410
short now usdcad at 10128 stop is 10158
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Old Nov 8, 2011, 10:28am   #2878
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short now usdcad at 10128 stop is 10158
damn berlusconi, spooked the market again, same happen in a eurusd trade short yesterday anyway move on

stopped out -30 points or 1.5% of the 10000 model portfolio

so -£150 on trade

model porfolio sitting at £9850
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Old Nov 8, 2011, 10:53am   #2879
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pocrel started this thread Markets looking like a big short, so looking for short entries at the moment
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Old Nov 8, 2011, 10:56am   #2880
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pocrel started this thread Watching CAC40 for a short into the close
cac.gif
depends how it finishes
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