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- ae_trading replied Nov 11, 2006
Habeeb, I playing this pinbar and the EUR pinbar with stops above the CHF and below the EUR. It is obviously against the trend, but definitely worth at least a couple pips on a pullback from this overblow due to the China announcement.
- ae_trading replied Oct 2, 2006
I would say it does look like a double bar with a lower close, but it really isn't much of a "high." Meaning it looks to be in the middle of the price action instead of a high or intermediate high. Therefore, it isn't a very reliable signal - ...
- ae_trading replied Sep 24, 2006
In addition the sell will not be triggered unless price actually drops below the pinbar. If and when price does drop below, the expectation is that it will drop rapidly as stops are taken out and traders look to catch the pullback. As you say ...
- ae_trading replied Sep 24, 2006
I'm following this pair as well(EUR/USD) see post #1049. Stop placed under that short pinbar(the short aspect of it worries me though) - trade based on pinbar, approx. 50% retracement, and reverse divergence on MACD - plus, I won't have much ...
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