Closed for a couple of pips.
Got them just after 6.30am
Broken
Stop to BE
pocrel
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morning from sunny spain, thanks for everyone keeping the journal alive, i am going to shake things up a bit when i get back from holidays and i am going to focus more on my own trading but i am willing to help people improve their's if they want, i think by now people feel the pin br system is good but its hard to get exactly right this is were i come in, i can make it work i just need to get it to work for you
so if your interested in learning and participating in this "FREE" future training, trading room then let me know, pm me and i will add you
best of luck with the rest of the wekk
patrick
so if your interested in learning and participating in this "FREE" future training, trading room then let me know, pm me and i will add you
best of luck with the rest of the wekk
patrick
pocrel
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i have not got any pivots on my charts gelly but looking t the price action, i would only be looking to get short the cac, very dangerous long in my eyes but lucky it broke down before triggering you in
well done on the audusd a lovely trade much better setup, well done mate and your my hero with your live calls
Closed aud for +8pips
Pin on ftse but looks like it'll be broken
Hi Patrick, yes I'm in great need of an education, I'm not really focussing enough on the rest of the chart & other things only on the pinbars, & I'm finding it a struggle to make a profit. Your offer & expertise greatly welcomed - count me in. Enjoy your holiday first & build up some sunny reserve - you'll need it back home
Pazienza
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Hi Patrick, yes I'm in great need of an education, I'm not really focussing enough on the rest of the chart & other things only on the pinbars, & I'm finding it a struggle to make a profit. Your offer & expertise greatly welcomed - count me in. Enjoy your holiday first & build up some sunny reserve - you'll need it back home
Hope you don't mind me butting in (just ask me to delete this if so). A couple of pointers you might find useful:
Try to treat the pin as just your trigger, and not the reason for your trade. After all, the pin doesn't really exist and the market is NOT moving because we've got a pin.
For example, say you see a great bullish pin bar. This is nice. But the motivation for the trade should be that you've got a strong uptrend and the pin has formed after a pull back to a good S/R flip. The pin is just showing you that you've got the price action you're looking for at the right location.
A pin on it's own could be anything - a little pause for breath, a bit of profit taking, whatever. It just shows a certain price behaviour, but it's much more likely to be a reversal if you've got strong supporting factors.
The other thing you can do if you're struggling to get profitable is exercise more quality control. This might sound nuts and feel free to scoff if you like, but this has been my experience.
Look at things like bar size and form. If I'm taking a pin as a reversal (and remember I'm not actually taking the pin) I like to see good size, a long protruding shadow, and a strong close. People say that the close for example is just arbitrary, and so it is. But I have found that these things improve results.
So if you're struggling to break into profitability, I'd recommend trading less and being more choosy. Insist on good form and size, and heavy supporting factors. Try demoing this alongside your current approach and see how you get on.
Haven't looked at this thread for a good while but it reads well and pin bars do seem to work pretty well. Don't have opportunity to screen-watch usually so rarely daytrade, but this system looks good, though the 4hr chart would be my choice.
On which point, the 0600-1000 EUR/JPY bar looks like a fantastic pin this am, also resembling a gravestone doji, followed by a really strong downthrust. Nice if you got it, I was busy doing something else.
On which point, the 0600-1000 EUR/JPY bar looks like a fantastic pin this am, also resembling a gravestone doji, followed by a really strong downthrust. Nice if you got it, I was busy doing something else.
pocrel
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morning from sunny spain just got a quick glimpse of the charts this morning and i am loving this short on the eurusd, anyone trading the system should have been looking at it
View attachment 119338
keep up the good trade people i am off to the beach :cheesy:
View attachment 119338
keep up the good trade people i am off to the beach :cheesy:
