Pin Bar System

[mags_g]

Signal on Silver 13:30 to 14:00 Pin

 

[mags_g]

Signal on Silver 13:30 to 14:00 Pin

High risk though after the meteoric rise since August 2010

 

[DDI]

!4:00 to !4:30 pin on brent?

 

[pocrel]

trade on in gold

great pick on the gold trade ddi i would have taken that myself, nothing you can do if its a loss, you stuck to the plan and thats the important thing and you can look at it and say that was a perfect setup, i stuck to the rules it just did nt work, move on to the next:clap:

as for the eur/jpy you failed to stick to the plan get that 1 to1 protect your position at all cost anything can happen

 

[pocrel]

It's stopped out now

my aud did nt break the top of the pin by 1 point, unlucky if you got filled these will even themselves out mags

 

[pocrel]

Here are some of the trades i may have taken today :

gbp/usd


very bullish looking, great win

gold


lovely setup, but a loss

cac40


nice little winner great setup

dax


nice winner tight 1 to 1 r/r

s and p


such a great r/r worth a pop, such a tight stop

brent


very small pin again r/r fantastic such a tight stop well worth a trade

 

[DDI]

hi pocrel, the pin on your brent doesnt cross Pivot point. on livecharts it 125.28

i took the cable on e earlier and also ftse as it had better R;R to cac and dax

 

[pocrel]

hi pocrel, the pin on your brent doesnt cross Pivot point. on livecharts it 125.28

i took the cable on e earlier and also ftse as it had better R;R to cac and dax

we have had this debate before especially when it comes to oil (brent or wti) because of the spreads i if its sitting 1 or 2 pips above or below then its worth a shot especially if you can get a trade on with a tight stop like that one

well done on cable but my ftse never touched or cut the Daily Pivot so i would not have taken that one but if it did for you then its a green light for a trade, i think with different feeds we will get slight differences its part of trading and i think it will even itself out over time

 

[DDI]

its weired, our charts are the same, and pivot points are also the same but on my chart the bar that you highlighted (13 - 13:30 marked x on my chart) is way below the pivot. I took the one marked y and lost

 

[brewski1984]

would this have been a pin bar or valid set up? (second to last bar)

 

[geewcee]

Hi guys, do any of you use IG Index for your trades and if so do you know why the pivot points on their advance charts are no where near the pivots according to livecharts.co.uk?

 

[DDI]

Hi geewcee yes I use advanced charts from IG and see what you mean. sometimes they are the same but other times they differ. I thinks its because they use different opening and closing times.

As for indices, I completely ignore IG pivots as their calculations include their quotes when the cash market is actually closed

 

[geewcee]

As for indices, I completely ignore IG pivots as their calculations include their quotes when the cash market is actually closed

Thanks for the reply DDI, I should have said I was looking at indices as forex seems ok. Your post explains why the FTSE pivots are miles out. Doesnt seem to be anyway to alter them either.
Cheers!

 

[DDI]

pocrel what would your strategy be here: when they following bar forms a pin (marked y) giving you an alert in the opposite direction. would you

1) stay original short with stop at top of x (completely ignoring y)?
2) exit short if the long set up kicks in (and walk away)?
3) exit short and enter long?

I think option 2 would be the most sensible

 

[pocrel]

Morning all, or i should say afternoon, i am just out of bed after a long flight home from south africa, just having a look at the market, did anyone take any trades today?

here is the list i see:

audusd


still an ongoing trade in a small loss at the moment

eurgbp


still on going pretty flat

usdjpy


nice winner

eurjpy


looking very good nicely in profit still ongoing


i could not see an yother trades, no index, no oil and i have not market out gold

please feel free to correct me if i am wrong

 

[pocrel]

Morning all, or i should say afternoon, i am just out of bed after a long flight home from south africa, just having a look at the market, did anyone take any trades today?

here is the list i see:

audusd
View attachment 109852

still an ongoing trade in a small loss at the moment

eurgbp
View attachment 109854

still on going pretty flat

usdjpy
View attachment 109856

nice winner

eurjpy
View attachment 109858

looking very good nicely in profit still ongoing


i could not see an yother trades, no index, no oil and i have not market out gold

please feel free to correct me if i am wrong

sorry posted wrong aud/usd chart

here is the correct one

in profit now

 

[pocrel]

pocrel what would your strategy be here: when they following bar forms a pin (marked y) giving you an alert in the opposite direction. would you

1) stay original short with stop at top of x (completely ignoring y)?
2) exit short if the long set up kicks in (and walk away)?
3) exit short and enter long?

I think option 2 would be the most sensible

option 1 dd1, you got to stick to your plan

 

[pocrel]

would this have been a pin bar or valid set up? (second to last bar)

good trade brewski1984, nice pin bar, turned out to be a loser shame

 

[pocrel]

There seems to be alot about different feed prices especially from the IG charts, brett and lewis have you anything to add on this, what did your charts look like Lewis for that Brent trade? and how does your charts compare to mine?

i find ig prices out a little on the advanced charts

 

[pocrel]

There seems to be alot about different feed prices especially from the IG charts, brett and lewis have you anything to add on this, what did your charts look like Lewis for that Brent trade? and how does your charts compare to mine?

i find ig prices out a little on the advanced charts

My opinion is to trade off the metatrader platform instead off the ig charts or any other spread betters charting platform, use smartlive or fxcm as reference for entry stops and targets at least everyone is singing from the same sheet, i find these work very well and that is where i will base all my trades off