Pin Bar System

[Gelly]

You're so right Howlin. Alert buy on dax & cac now.

 

[Gelly]

You're so right Howlin. Alert buy on dax & cac now.

Going no-where. Finished for the week & I'm going to have a beer before lunch. Cheers all

 

[milka]

you seem to be doing well gelly, has this system improved your trading? are you making more money with it if you dont mind me asking? keep up the good work and cheers again to pocrel for all the effort and enjoy the hols

 

[Gelly]

you seem to be doing well gelly, has this system improved your trading? are you making more money with it if you dont mind me asking? keep up the good work and cheers again to pocrel for all the effort and enjoy the hols

Hi Milka, this is quite a bit different to the trading I've been doing up to now & so I'm investing only minimum amounts. Up til last week I've lost a fair bit, but this week more or less on the lines of my post in reply to Howlinwolf earlier today I made a good profit. Will take a few more weeks like this one before I'm ready to put some more cash in the pot though. I must stress I'm no expert & have only posted a bit when nobody else does & because I am really enjoying trading this way

 

[Gelly]

Re my reply to Howlinwolf:
"only take a full profit at r:r"
Of course what I meant to say was full profit at 1:1 r:r i.e the bar length.

 

[Howlinwolf]

Buying Cable:

 

[Gelly]

Long audusd - stop to BE

 

[Howlinwolf]

Buying Cable:

Took a quick 11 pips, just realised not much room to pivot!

 

[Gelly]

Took a quick 11 pips, just realised not much room to pivot!

Morning Howlin, where have you got your pivots from? My UHC charts are wrong so I've used LiveCharts levels, but neither agree with yours!

 

[Gelly]

My gbpusd

 

[Howlinwolf]

Morning Howlin, where have you got your pivots from? My UHC charts are wrong so I've used LiveCharts levels, but neither agree with yours!

I'm afraid I'm a bit lazy and am using an auto pivot program. I was also influenced here because my candle straddled both pivot and the 1.6100 level

 

[Howlinwolf]

I'm afraid I'm a bit lazy and am using an auto pivot program. I was also influenced here because my candle straddled both pivot and the 1.6100 level

Obviously what we need to know is what pivots are most traders- particularly the ones trading big-are using.

 

[Howlinwolf]

I'm afraid I'm a bit lazy and am using an auto pivot program. I was also influenced here because my candle straddled both pivot and the 1.6100 level

I should add that I had a manually drawn support level running through the pinbar ( blue line on my chart) which gave me added reason to take the trade.

 

[Howlinwolf]

I should add that I had a manually drawn support level running through the pinbar ( blue line on my chart) which gave me added reason to take the trade.

Chart:

 

[Gelly]

That pivot also crossed the Livecharts one anyway. That pinbar, I should say.
Short Brent now.

 

[Gelly]

Long eurusd

 

[Howlinwolf]

Also on Eur/Usd long Gelly

 

[Gelly]

Short DAX - hope this goes better

 

[Howlinwolf]

I'm still in the Euro trade-my 30 pip stop not hit yet!

 

[Howlinwolf]

Out of Euro trade with 12 pips. Nervous about this one seems choppy at the moment.