Pin Bar System

[e.nigma]

Pin bar formed on FTSE as indicated by the grey dot on the chart. Waiting for the long entry.

 

[pocrel]

Pin bar formed on FTSE as indicated by the grey dot on the chart. Waiting for the long entry.

try not to take any trades off the opening bars on the morning index as they can look very different on different platforms

 

[e.nigma]

Thanks for the heads up. I take it that it's best to wait for the first two bars to form in order for the market to settle down then?

 

[Gelly]

Closed my gbp trade for zero - news coming up...
Now short gold - hope it goes better than the last few gold trades.
e.nigma, I have quite a different opening pin on ftse!

 

[pocrel]

i am not going to trade gold today, i have 3 different pivot levels so when in doubt stay out,

yes e.nigma its best to get that shake out first and try t get a better picture of where we are going

 

[pocrel]

trade alert : order pending to short eurgbp 8774 stop 8794

 

[pocrel]

trade alert : order pending to short eurgbp 8774 stop 8794

chart

 

[pocrel]

chart
View attachment 115274

short eurgbp now

 

[pocrel]

short eurgbp now

banking my +19 full points on eurgbp

nice little move on that pair

so +19 full points

 

[Gelly]

i am not going to trade gold today, i have 3 different pivot levels so when in doubt stay out,

Thanks for comments on pivots - I see what you mean & so I closed out for 13 full pips at what looks like the bottom of a long channel.
Missed eurgbp, I thought it closed a bit high. Still learning!

 

[pocrel]

going to take a few hours off back later

1 trade this morning

+19 full points

 

[megamuel]

The EA took that EUR/GBP one but didn't hit 1:1 and stopped out :-(

 

[pocrel]

thats me done for the day off out to enjoy the sun here in london

only 1 trade

+19 full points

 

[jm4x]

thats me done for the day off out to enjoy the sun here in london

only 1 trade

+19 full points

Pocrel, I have found your system to be very good. I live in the Midwest of the USA and see you still start some post that your lines are drawn and ready to trade. Do you just verify the Pivots. I noticed the bad trade day May 9 2011. that the pivots were an issue. Thank You, for your journal and system. I am going to get up at 3AM and try some trades. Thanks Jeff

 

[pocrel]

morning, lovely little pin on gold but again i am getting different levels on the pivots so i am going to leave it

 

[pocrel]

i am tempted to get long the ftse here, nothing done yet

 

[pocrel]

i am tempted to get long the ftse here, nothing done yet

trade alert : long ftse now

 

[pocrel]

trade alert : long ftse now

chart

 

[pocrel]

Missed euro long trade this morning, well i did nt miss it but i had in my mind that the euro was going down instead of just following the price action

its hard to get something out of your mind when its implanted itself in there

chart

 

[Hits76]

Hi Pocrel would you be able to give an idea of your win rate and average R:R? Also have you tried trading this method using support and resistance line instead of pivot levels?