Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the New Traders category; Really like this thread and your trading style. I traded 15 min pin bars using candlesticks before but found i ...

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Old Oct 8, 2012, 3:39pm   #3161
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Default Re: Pin Bar System

Really like this thread and your trading style. I traded 15 min pin bars using candlesticks before but found i was sat infront of the monitor for too long.

Using the same principal but on dailys.

Any ways well done your way ahead mate
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Old Oct 16, 2012, 6:34am   #3162
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hi pocrel, nice thread. I would certainly watch this closely should you decide to start it up again. Thanks!
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Old Oct 16, 2012, 8:28am   #3163
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Quote:
Originally Posted by Gup16v View Post
Really like this thread and your trading style. I traded 15 min pin bars using candlesticks before but found i was sat infront of the monitor for too long.

Using the same principal but on dailys.

Any ways well done your way ahead mate
Yes, I see your point but don't you think that the stop distance may make, even if they are occasional, losses more damaging when they get hit?

I know that many do trade on daily bars but I have never been able to accept those kind of losses.
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Old Oct 16, 2012, 9:16am   #3164
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Originally Posted by Splitlink View Post
Yes, I see your point but don't you think that the stop distance may make, even if they are occasional, losses more damaging when they get hit?

I know that many do trade on daily bars but I have never been able to accept those kind of losses.
You and me both.

Peter
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Old Oct 19, 2012, 6:51am   #3165
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How about a short on $/Y at 7923 off the 11.30 pin? (IG Index charts-and not sure how to import them to this)
John
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Old Oct 20, 2012, 2:31pm   #3166
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pocrel started this thread My trade of the week last week, I was stopped out of the trade on thursday evening on the only pull back and I did not trade friday but very disappointed not to have been in the trade still on friday

pwh-s-p2.gif

notice were the reversal happened, took out the previous week high and away we move
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Old Oct 22, 2012, 4:37pm   #3167
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pocrel started this thread Great trade on the s and p 500 again tonight catching the reversal of the previous weeks low, s1 and ADR area (pretty much a exact copy of thursday trade except the other way around)

pwl-s-p3.gif

Version 2 of the Pin Bar System will have a few updated levels to trade and and timeframes

I wont be trading live till December as going on holidays to Thailand for the month of November with the wife

Will post my trades when I get a chance
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Old Oct 22, 2012, 7:20pm   #3168
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Have a great time

Peter
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