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; Originally Posted by 1RISH It goes without saying that taking trades this week is pretty pointless , so no setups ...

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Old Jan 6, 2017, 7:41pm   #33
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Originally Posted by 1RISH View Post
It goes without saying that taking trades this week is pretty pointless , so no setups this week , back to business next week though !

HTLD is very close to the target area , and ANW has pinged right off my sell entry area, so looking good .
I'm closing HTLD now , exiting on the ask (20.40) . This is due to it nearly being the market close and price likely to close just above a minor support level on the weekly . This gives a +1 R gain (slightly more, but let's allow for some slippage )

-1.85R running total . Let's see if my simulated equity curve can hit a winning streak ��

Last edited by 1RISH; Jan 6, 2017 at 7:47pm.
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Old Jan 6, 2017, 8:23pm   #34
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1RISH started this thread Just before the market closes, im entering a new short on AEO: bearish outside bar right on the big weekly trendline, hinting towards a breakout. Entry a few ticks below the trendline (sell stop at 14.45), stop loss 15.50) target is 13.35) (1R)
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Last edited by 1RISH; Jan 6, 2017 at 8:40pm.
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Old Jan 15, 2017, 11:57pm   #35
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Just before the market closes, im entering a new short on AEO: bearish outside bar right on the big weekly trendline, hinting towards a breakout. Entry a few ticks below the trendline (sell stop at 14.45), stop loss 15.50) target is 13.35) (1R)

Stopped out on this one. -2.85R


entering a short on BMY, entry on retrace to 57.50, stop 60.10, target 53.00

In time I may add my daily chart fx trades, which are doing much better than the stock picks so far!
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Old Jan 16, 2017, 12:19am   #36
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1RISH started this thread Also entering a long trade on PRI, bullish outside bar closing over resistance, buy on pullback to 73.40, stop loss 70.11, target is simply 2:1 r/r
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Old Jan 23, 2017, 9:13am   #37
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1RISH started this thread Went long Friday close on a currency ETF of EURAUD. Entry on open last night , stop below pin , 2:1 r/r target

Setup is a simple weekly pin bar coupled with MACD divergence
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Last edited by 1RISH; Jan 23, 2017 at 9:26am.
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Old Jan 28, 2017, 8:39pm   #38
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Also entering a long trade on PRI, bullish outside bar closing over resistance, buy on pullback to 73.40, stop loss 70.11, target is simply 2:1 r/r
Trailing stop loss on this trade to 71.40, around 0.5R
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Old Jan 28, 2017, 8:41pm   #39
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Went long Friday close on a currency ETF of EURAUD. Entry on open last night , stop below pin , 2:1 r/r target

Setup is a simple weekly pin bar coupled with MACD divergence
Closing this trade for breakeven
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Old Jan 30, 2017, 4:15pm   #40
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1RISH started this thread New trade long on STX , entry 4175, stop 3814, target 4881.

I also cancelled the Short on BMY as it fell hugely without pulling back
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