Pin Bar System

[pocrel]

looking bullish

higher highs lower lows

i would be looking to short it at the daily pivot

but it all depends on the price action there, its also at 38.2 fib level so we might get a reaction but thats for another day

This is what i was expecting to happen with cable, a reversal at the 38.2 and confluence with the daily pivot, good for a few points if you like scalping

i did not get a trigger bar but if i had i would be short cable now

chart

 

[pocrel]

Gold and silver pivots correct on oingold.com this morning so please enter those levels forget livecharts

 

[pocrel]

Trade alert :Watching Gold for a short entry at close of 30 min bar

 

[pocrel]

Trade alert :Watching Gold for a short entry at close of 30 min bar

chart

open to change 2 mins to go

 

[Gelly]

Short gold

 

[pocrel]

short gold now too

 

[Howlinwolf]

I know this is not in the rules-I haven't taken it-but a nice pin bouncing off the 00 level here:
Eur/Usd having trouble uploading charts here!

 

[Howlinwolf]

I know this is not in the rules-I haven't taken it-but a nice pin bouncing off the 00 level here:

Chart

 

[Howlinwolf]

Chart

Try again!

 

[pocrel]

Try again!

i think your talking about eurusd HW????

off the cuff trades can get you into trouble

chart

 

[Howlinwolf]

i think your talking about eurusd HW????

off the cuff trades can get you into trouble

chart
View attachment 114714

Yes that's the one-didn't take it-just an observation.

 

[Gelly]

Porcel, Given that we expect, or hope, for a fairly rapid movement after our entry, how long would you generally expect to keep a pin bar trade open if the market started moving sideways?

 

[pocrel]

Porcel, Given that we expect, or hope, for a fairly rapid movement after our entry, how long would you generally expect to keep a pin bar trade open if the market started moving sideways?

thats is purely a judgement call, perhaps there is a up coming news event so i would just close it

really if after Three 30min bars and we have gone nowhere i would just close out and move on to something else

but you could just let every trade play out, it will eventually one way or another and alot of times it does in our direction and i regret it but thats trading

 

[Mata Nui]

Porcel, Given that we expect, or hope, for a fairly rapid movement after our entry, how long would you generally expect to keep a pin bar trade open if the market started moving sideways?

I would keep faith and give it time (if it has triggered). I closed EURJPY yesterday afternoon after it went sideways for ages. Obviously it then moved nicely in the right direction.

You are right though that the pins generally signify a sort of decision in the markets so if they do stall it kind of nullifies the reason for entry.

 

[pocrel]

short gold now too

stopped out of gold -22 full points

 

[pocrel]

trade alert : long gold now

 

[pocrel]

​

trade alert : long gold now

chart


2 nd go lets hope we have more luck

 

[Mata Nui]

I think Gold is trying to ruin my day. Still long (just).

 

[pocrel]

I think Gold is trying to ruin my day. Still long (just).

WE BUY ANY GOLD.COM

must have stopped buying :cheesy:

 

[Mata Nui]

I think Gold is trying to ruin my day. Still long (just).

Not any more it seems.