Pin Bar System

[ffsear]

Are you now trading breakouts rather then off the pivot points?

 

[pocrel]

Are you now trading breakouts rather then off the pivot points?

i have always traded breakouts if you look back at my old thread "wedges and trendline breaks" u will see this, everything i do incorporates all my experience in technical analysis
and the pin bar system just builds on this and in order to make it simple i just gave everyone a simple rule based system to follow, but i would never just trade a pin bar off a pivot level by itself but it can be done. I would need a few other things to come together to get my entry and i think everyone that follows the journal can see that i do not just take every old pin bar off the pivots if i did i would end up with a poor win rate, its just not good enough you need more than that to justify an entry

 

[ffsear]

Pins on EUR-CHF

 

[Gelly]

Being more selective now, this is the only trade I've found today. Have I missed any others??

 

[pete_tong]

Being more selective now, this is the only trade I've found today. Have I missed any others??

Hi Gelly,

Not here...took the USDCAD at 9425...still running

 

[pete_tong]

Hi Gelly,

Not here...took the USDCAD at 9425...still running

out at -4....inventories coming in at 3.30

 

[ffsear]

Eur-GBP

 

[Gelly]

Took early profit, but would have been worth a wait...

 

[pocrel]

Back in london what a shame holidays are over, off to Delhi tomorrow afternoon so not much trading for me till monday and tuesday next week where i will be here but i have to say i have big plans and will be moving on soon but i have enjoyed T2W and if anyone wants to be with me on them (the plans) please email me now or forever continue your search for the EA that earns you endless money (which is not possible in my eyes)

i will let the kind people who support me here of my plans soon

as for todays trades not sure what time frame that is ff but a great trade on it if you look at the 30 min eurgbp and gelly you where right on the price action but perhaps a little late on the entry but well done


night night , catch you for a few hours in the morning 8am sharp

 

[pocrel]

morning, not much on the radar at the moment looks like the markets had a big sell off yesterday, you tend to find they rest for a while after these moves, but watching and wait till bout 12 lets hope we get a trade

 

[pocrel]

trade alert long cac40 now

 

[pocrel]

trade alert long cac40 now

 

[pocrel]

trade alert : order pending to short the dax

cac not looking so good

 

[pocrel]

trade alert : Order pending to short the dax

cac not looking so good

 

[pocrel]

View attachment 119578

short the dax now

 

[pocrel]

View attachment 119576

stopped out of cac40

-16.5 full points

hopefully the dax will recoup the loss not ideal but you have to go with what your seeing on the charts

 

[pocrel]

short the dax now

out of dax now +18 full points

 

[pete_tong]

out of dax now +18 full points

nice Patrick......admire your discipline

 

[pocrel]

sorry site seemed to have been down for a while, i did not take any trades in that time

cheers pete tong

 

[pete_tong]

shorting EURGBP at 8755