Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; Trade sell gold 1.777 (the bottom of the 10am pin bar stop 1.784 limit 1.737...

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Old Aug 16, 2011, 12:25pm   #2619
Joined Mar 2011
Re: Pin Bar System

Trade sell gold 1.777 (the bottom of the 10am pin bar stop 1.784 limit 1.737
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Old Aug 16, 2011, 2:00pm   #2620
Joined Jun 2009
Re: Pin Bar System

Hello
New to this thread, but been catching up on the history of it for a couple of days. Very enlightening and a credit to Pocrel for starting it and keeping it coming.

I've taken a couple of trades on this strategy today, a short on USD/JPY on a break of the 9.30am bar, slight retrace so I got in at 76.78. Possibly should have taken half off at +10, but stop now set in the black so will ride it out.

Also took a slightly off piste long on EUR/JPY. wasn't on a standard pivot or s/r, but two successive pins bouncing off a confluence of MA's in 30M and 1H on my set up made it too hard to resist.
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Old Aug 16, 2011, 2:01pm   #2621
Joined Jun 2009
Re: Pin Bar System

Just been stopped out on USD/JPY, for +2
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Old Aug 16, 2011, 2:03pm   #2622
 
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Re: Pin Bar System

pocrel started this thread trade alert : order to short eurusd on break of pin

eurusd.gif
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Old Aug 16, 2011, 2:17pm   #2623
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by pocrel View Post
trade alert : order to short eurusd on break of pin

Attachment 120718
ordered cancelled on euro now breaking up

and welcome dave, thanks for the post and good luck with the trading
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Old Aug 16, 2011, 2:17pm   #2624
Joined Jun 2009
Re: Pin Bar System

EUr/USD now broken up, but pleased to see my off piste EUR/JPY going well. In fact while typing this it's just had another push north to +37, so given the poor start to the week on other strategies yesterday, I think I'll put the 37 in the bank to make +39 for today.

Last edited by davechilde; Aug 16, 2011 at 2:21pm. Reason: UPDATE
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Old Aug 16, 2011, 2:20pm   #2625
Joined Jun 2009
Re: Pin Bar System

Contrary to normal outcomes greed came up good this time. Rather than taking the 37 I put a 5 pip trail on it and got out at +47, so +49 for the day so far.
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