Pin Bar System

This is a discussion on Pin Bar System within the Trading Journals forums, part of the Reception category; i was to busy watching the s and p and missed this pin bar on gold off the R1 pivot ...

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Old Mar 17, 2011, 4:48pm   #91
 
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Re: Pin Bar System

pocrel started this thread i was to busy watching the s and p and missed this pin bar on gold off the R1 pivot level

looks like it a good trade, risk/ reward is great

gold.gif
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Old Mar 17, 2011, 5:06pm   #92
 
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Re: Pin Bar System

pocrel started this thread Thats me done for the day

totals:

3 trades

+ 7 full points


not the best end to the day and the missed oil trade would have had me up loads, anyway a profit is a profit

and its is St Patrick day and i am Irish so i deserve a pint of the black stuff i think
happy paddys day everyone and catch you in the morning

thanks

patrick
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Old Mar 17, 2011, 5:22pm   #93
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Re: Pin Bar System

Hi just a quick question.

This morning was a possible setup on the Dow at 11:30am, is this the kind of setup your system utilises? This was outside your trading hours but I just wanted to know if it was correct setup.

Thanks,

Pi
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Old Mar 18, 2011, 8:20am   #94
 
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Re: Pin Bar System

pocrel started this thread Morning all, lines are drawn and looking for setups
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Old Mar 18, 2011, 8:48am   #95
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by Pi3141 View Post
Hi just a quick question.

This morning was a possible setup on the Dow at 11:30am, is this the kind of setup your system utilises? This was outside your trading hours but I just wanted to know if it was correct setup.

Thanks,

Pi

yes Pi that was a great setup and well pointed out and this can be taken even outside of the US hours if you like, i just prefer to focus on the european session till the US session opens

as you can see it worked very well and sometimes the longer the pin the better the setup

but they key with this size trade is to get the correct position size on so your never risking to much
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Old Mar 18, 2011, 8:55am   #96
 
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Re: Pin Bar System

pocrel started this thread trade flagged DAX short, still 5 min to close so anything could happen
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Old Mar 18, 2011, 8:58am   #97
 
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Re: Pin Bar System

pocrel started this thread ftse and cac loooking better for shorts now than dax, nothing done yet
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Old Mar 18, 2011, 9:04am   #98
 
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Re: Pin Bar System

pocrel started this thread short ftse now


chart
ftse.gif
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Old Mar 18, 2011, 9:08am   #99
 
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Re: Pin Bar System

pocrel started this thread ftse entry is 5722.0 stop is 57.47

first target to close half 5700.0

second target 5668.0
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Old Mar 18, 2011, 9:24am   #100
 
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Re: Pin Bar System

pocrel started this thread cac40 flagging a trade
but i will not trade it as i am short the ftse

here is the chart
cac.gif
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Old Mar 18, 2011, 10:14am   #101
Joined Nov 2001
Re: Pin Bar System

Yes, there was a pin on the FTSE this morning that I took, too. Slow going, though.
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Old Mar 18, 2011, 10:24am   #102
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by pocrel View Post
ftse entry is 5722.0 stop is 57.47

first target to close half 5700.0

second target 5668.0
been slow going this morning folks

going to take +19 on ftse

+19 full points
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Old Mar 18, 2011, 10:27am   #103
 
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Re: Pin Bar System

pocrel started this thread trade alert, Gold short
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Old Mar 18, 2011, 10:32am   #104
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by pocrel View Post
trade alert, Gold short
order to short gold 1414 stop 1417.7

target 1410.7
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Old Mar 18, 2011, 10:33am   #105
 
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Re: Pin Bar System

pocrel started this thread
Quote:
Originally Posted by pocrel View Post
order to short gold 1414 stop 1417.7

target 1410.7

chart
gold.gif
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