Pin Bars on the Weekly charts of Equities

This is a discussion on Pin Bars on the Weekly charts of Equities within the Trading Journals forums, part of the Reception category; Hope this helps. The software is Wordens TC2000....

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Old Oct 29, 2016, 10:46am   #9
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Hope this helps.

The software is Wordens TC2000.
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Last edited by Cigar; Oct 29, 2016 at 2:48pm.
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Old Oct 29, 2016, 12:45pm   #10
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Hope this helps.


Wow what software are you using to scan for pinbars?

Personally the pin is pretty good there , but it needed to close above the s/r flip , it closed just underneath that. Also the pin is off a minor and rather loose support level , though it does have good volume !
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Old Oct 29, 2016, 3:40pm   #11
 
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Hi 1rish

Thought I'd chime in since I've been doing something similar for donkeys years with my 3+bar retracement stuff which is my main bag. You may be interested to know that I go double position when the final bar in the retracement is a pinbar (hammer or shooting star) type.

What I do is broadly explained in part of this - http://www.trade2win.com/articles/2006-trading-business and the ideal that I look for (which rarely comes) is in the thumbnail.

hope it goes well for you
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Last edited by barjon; Oct 29, 2016 at 3:55pm.
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Thanks! The following members like this post: tomorton , 1RISH
Old Oct 30, 2016, 8:29pm   #12
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1RISH started this thread Just finished my weekly stock scan and nothing set up at the moment!

I do hope to scrape some money and open a small finspreads account with small risk (£400) and slowly add to it. I haven't mentioned that I'm a 22 year old student , though I'm due to start a training contract with a big 4 accounting firm this coming September
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Old Oct 30, 2016, 9:56pm   #13
 
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Originally Posted by 1RISH View Post
Just finished my weekly stock scan and nothing set up at the moment!

I do hope to scrape some money and open a small finspreads account with small risk (£400) and slowly add to it. I haven't mentioned that I'm a 22 year old student , though I'm due to start a training contract with a big 4 accounting firm this coming September
Keep it small, there's no rush
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Old Nov 2, 2016, 9:31pm   #14
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1RISH started this thread Depends how we close out this week but some stocks are looking nice at the moment- particularly utilities. Let's see how we look on friday
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Old Nov 5, 2016, 3:02pm   #15
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1RISH started this thread Taking a short setup on VLO: retest of broken trendline and $60 round number. Target is 52.23, stop 61.64
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Old Nov 6, 2016, 11:36am   #16
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1RISH started this thread And one other trade I am entering short: KR, nice retest of a s/r flip, and the pin bar also coincides with a false breakout of multiple inside bars. Target is 29.02, stop loss is 32.50. Entry will be on the bid at 30.92 (will only assume entry if we trade 30.93).
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