Pin Bar System

[pocrel]

short audusd and eurjpy now too

stopped out of eurjpy -21 full points


what a start should have stayed in be d

 

[pocrel]

The traditional method
Pivot point = (H + L + C)/3
First support = (2 * Pivot) � H
First resistance = (2 * Pivot) � L
Second support = Pivot � (H � L)
Second resistance = Pivot + (H � L)

The alternative pivot
Pivot point = (Highyesterday + Lowyesterday + Opentoday)/3

All support an resistance calculations remain the same.These alternative pivot points use todays open in place of yesterdays close to account for opening gaps and extended afterhours trading.

hope that helps

also i use auto pivots for eurgbp and pivotfarm.com can be looked at to verify levels

 

[pocrel]

trade alert long gbpjpy sorry bit late but you know the setup by now

 

[pocrel]

trade alert brent long now

 

[pete_tong]

trade alert long gbpjpy sorry bit late but you know the setup by now

Hi Patrick,

Is gbpjpy a new add for you ?

Very expensive spread here.....with 8.....maybe you have lower


Ure honesty regarding results...good or bad......is very refreshing....telling it like it is

 

[pocrel]

trade alert brent long now

stopped out of brent again -53 full points

getting caught in the chop today it happens

 

[pocrel]

trade alert long gbpjpy sorry bit late but you know the setup by now

going to take a -10 point hit on gbpjpy too

not my morning

 

[pocrel]

totals 4 trades

-171 full points

4 losses

 

[mark120169]

totals 4 trades

-171 full points

4 losses

Looks like I am lucky it's the kiddy's birthday party today and to busy sortingstuff to trade!

M

 

[pocrel]

Hi Patrick,

Is gbpjpy a new add for you ?

Very expensive spread here.....with 8.....maybe you have lower


Ure honesty regarding results...good or bad......is very refreshing....telling it like it is

yes fran liking the the gbpjpy these days but its a beast so be careful

my spread is 4 on smartlive so not to bad

wish i had a party today mark :cheesy: enjoy but not sure about all those kids

 

[pete_tong]

EURUSD...not best pinbar for sure, but find the setup appealing, so have order to short at 1.4476

 

[pete_tong]

EURUSD...not best pinbar for sure, but find the setup appealing, so have order to short at 1.4476

that was quick.....order cancelled


same order again............


cancelled again.....

 

[pete_tong]

that was quick.....order cancelled


same order again............


cancelled again.....

Looks like pin again on EURUSD....new order in.....though keeping my entry to 14476 cos of support

 

[pocrel]

did nt call it live but finally got short brent again sometimes it takes a few entries especially with oil, also took that euro short thanks to pete tong for posting

 

[pocrel]

did nt call it live but finally got short brent again sometimes it takes a few entries especially with oil, also took that euro short thanks to pete tong for posting

here is the brent trade

 

[pete_tong]

Looks like pin again on EURUSD....new order in.....though keeping my entry to 14476 cos of support

Out +27

 

[pocrel]

euro trade




euro traded +31.5 full points

brent +92.5 full points

 

[pocrel]

alot shorts lining up, s and p dow euro cable

 

[pocrel]

trade alert going to short dow if it breaks the pin

 

[pocrel]

trade alert going to short dow if it breaks the pin