I answered you, doesn't seem to have gone through.
Thanks for the reply.
I shorted the 1000 pin. Took advantage of pullback on 1100. Stop at 6375. My 23.6% Fib line is 6267.7.
Split
Making Money Trading
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I answered you, doesn't seem to have gone through.
Thanks for the reply.
I shorted the 1000 pin. Took advantage of pullback on 1100. Stop at 6375. My 23.6% Fib line is 6267.7.
Split
1Pipped
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trader_dante
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Which ones?
darshybaby
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TD....good afternoon.
May I ask..is that a pin bar on the Light Crude one minute chart? (A couple of minutes ago)
TIA
May I ask..is that a pin bar on the Light Crude one minute chart? (A couple of minutes ago)
TIA
lurkerlurker
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Please read the thread before posting. TD does not discuss pin bars on the 1m time frame. The 1m chart is a little arbitrary to be concentrating on a reversal which happened within a minute. Try 65 second or 55 second charts and you'll see different "pins".
Pin bars are defined on this thread along with some pretty helpful charts. If you go back over the thread and still don't understand what a pin bar is, feel free to ask.
darshybaby
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Sorry Lurker. Didn't mean to offend. I realised that he does not trade off the 1m chart...but what I meant was...is that what one should look like? (I've read the thread but of course, since I am learning...am not confident in being sure what one looks like). If you see what I mean?
Sorry again.
Sorry again.
E/U, G/U, A/U, U/CAD :cheesy:
With due respect, "Please read the thread before posting" is no mean feat you are asking. I managed to recup. up to page 35 yesterday. Something will have to be done to make this most useful thread readable. A pity to let it go unedited the way it is.
TD--- I'm out of this at break even. Will try again tomorrow!
Split
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lurkerlurker
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No need to apologise - I'm sorry if my post seemed brusque - however, I'm sure there are some good charts on this thread which show what a pin bar is. Here is one I called recently on the G/Y.
Feel free just to browse the thread and look at the charts. I've just asked TD for a good definition of a pin bar for a thread I have on these boards, so hopefully he shall oblige and we will both be happy.
Sorry if my post offended you.
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darshybaby
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Thanks Lurker (no of course I was not offended 
). That does help. I have looked at the charts over and over again (even saved this thread as a PDF but there is just so much noise, that I can't seem to get a definite enough picture in my mind...ie. one that would make me confident enough to spot one myself. So would appreciate if TD could give a good def for your FX thread.
Once again thanks for that chart.
). That does help. I have looked at the charts over and over again (even saved this thread as a PDF but there is just so much noise, that I can't seem to get a definite enough picture in my mind...ie. one that would make me confident enough to spot one myself. So would appreciate if TD could give a good def for your FX thread. Once again thanks for that chart.
trader_dante
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It is a pin but I like to see the close within the range of the previous bar.
Be very careful on this TF. You will see pin bars everywhere. Although I believe price action setups can be played on any TF you have to be incredibly discerning on the lower TFs and I think trading the 1m, 3m, 5m TFs is the reason why most new traders fail.
Tom
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darshybaby
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Thanks TD. appreciate that a lot.
Thanks Lurker (no of course I was not offended
Once again thanks for that chart.
Hi darshybaby,
TD give some very clear demonstratings about how to plan and operate a trade.
Here is one of them
http://www.trade2win.com/boards/first-steps/26947-making-money-trading-81.html#post373220
you can search all TD's post, and read them.
I have to say, very clear, very logical.
trader_dante
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As requested.
Please note that the reasons for many of the levels are not obvious from the chart itself as they are the result of data that cannot be seen on them.
Please also realise that they are not neccessarily correct, they are just the way I see the market.
Feel free to analyse the market yourself and see if you agree but I honestly would not trade blindly off these levels. Although they all appear on the chart, some of them are stronger to me than others.
Chart 1: Eur/Usd
Chart 2: Gbp/Usd
Chart 3: Aus/Usd
Chart 4: Usd/Cad
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Thanks a lot, I will fish there :clap:
Hi TD,
Please see attached graph.
I dont know if others also find this but I often see pinbars during a normal price climb / falls (see attached). This is a daily candle chart. Can you talk me thru what you would read from it.
Thanks.
ps. My main point is that you get an inverted pinbar on an uptrend that the price just sails past without even a blink.
Please see attached graph.
I dont know if others also find this but I often see pinbars during a normal price climb / falls (see attached). This is a daily candle chart. Can you talk me thru what you would read from it.
Thanks.
ps. My main point is that you get an inverted pinbar on an uptrend that the price just sails past without even a blink.
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trader_dante
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A daily candle chart of what? I can't get enough information from your chart as it's too small.
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