Pin Bar System

[pocrel]

I'm not, either. The trend is strongly down but a pinbar it is! It can't be denied. My opinion is that it will be shortlived, perhaps, up to a strongly falling average.

Pocrel, if this works I'll, definitely, be lookng at pivots more closely.

How can it fail bud

target 1 is the Daily s1 5480

 

[pocrel]

Slight problem guy's I have retail sales out in US at 130 so I may bail before the news got, 15 or so min to play with

 

[pocrel]

Market came back to 5454 so i bought some FTSE stop is 5424 below the pin

There she blow's out of the FTSE AT 5481, just in time before retail sales

 

[pocrel]

There she blow's out of the FTSE AT 5481, just in time before retail sales

29 point risk on the trade, took +27 points on the FTSE

or + £137 profit

Portfolio balance is £9964

 

[pocrel]

Should have left half on for retail sales



were is Splitlink gone to eat humble pie :cheesy:

 

[Splitlink]

29 point risk on the trade, took +27 points on the FTSE

or + £137 profit

Portfolio balance is £9964

:clap: I have to admit it, you're crafty! I've made a couple of poor trades with Footsie and swore not to go against the trend this time.

 

[pocrel]

Cheers bud, going into the US open everything is telling me to look for shorts so I am unless the market changes it's mind, the only index that was a long in my mind was the Ftse

Let's see how we get on with the US open @230pm uk time

 

[wackypete2]

Cheers bud, going into the US open everything is telling me to look for shorts so I am unless the market changes it's mind, the only index that was a long in my mind was the Ftse

Let's see how we get on with the US open @230pm uk time

I'm playing ES today but I share your views on shorting.

Good trading

Peter

 

[pocrel]

I'm playing ES today but I share your views on shorting.

Good trading

Peter

Cheers Pete

As I said I was looking for shorts but the market has tipped its hand and now I looking to buy on pull backs :smart:

 

[wackypete2]

Cheers Pete

As I said I was looking for shorts but the market has tipped its hand and now I looking to buy on pull backs :smart:

yeah, I took a hit

Peter

 

[pocrel]

Daily journal round up :

1 trade for me today in the journal

+27 points

+£137

Model Portfolio £9964

 

[pocrel]

Morning, going to try and get a few live trades onto day aswell, so let see how we get on

big day in the end yesterday for the system with it picking long trades on the Dow Wti and Gold after I left the room but as I said the market tip it hand in the afternoon and the long end was to be played, wait for the pull back in a up trend :smart:



Lets hope we see more of that today, already looking very bearish this morning so looking to get in short

 

[pocrel]

Never jump in to early in the morning i say as the market may change direction on a dime as they say in USA and that's what its done this morning so my bias changed to the long side, looking for longs now

 

[pocrel]

buying brent 11225 stop 1175

 

[pocrel]

buying brent 11225 stop 1175

brent chart



target is daily R1 11289

 

[pocrel]

trade alert short gold 1773.3

 

[pocrel]

trade alert short gold 1773.3

actually stand down on that trade, trade scratched

 

[pocrel]

Markets have completely swing around again today from bearish to bullish and now back to bearish again, so back looking for shorts and nearly stopped out of this brent trade (very annoying)

 

[pocrel]

brent chart

View attachment 124712

target is daily R1 11289

stopped out of Brent

was not expecting that reversal in the markets

- 50 points

-£149

Model portfolio stands at £9815

 

[pocrel]

Little bit of an update on my thinking, the markets are a sell (index) but commodities are still a buy in my eyes, gold silver and Wti (BRENT i am stepping a side from as unsure)

Currencies are more 60/40 to the long side, so confusing times but you have to make your stand