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- JMo replied Jul 20, 2011
Hi Again NBA, My previous trade on GBPUSD below is a perfect example of trading pinbar at the confluence of pullback and S/R region. Since you like explanations in charts, I have gone back and put some notes on the chart, hope it makes sense. ...
- JMo replied Jul 20, 2011
Hi NBA, Have a look at the explanation in the chart. Everyone else, Please note that this IS NOT a trade I would have taken, It is just a learning exercise to discuss which is a good area where if a pinbar was present, it would have been a good ...
- JMo replied Jul 18, 2011
Hi NBA, Yes I think you are close to it My reason is simply the fact that there has been a pullback on gbp where as no pull back on the other. Waiting for a pullback increases your chances of having a winning trade. and yes, a pinbar is only ...
- JMo replied Jul 17, 2011
Hi NBA, I would not trade that candle for reasons similar to something i mentioned earlier. If I were trading Weeklys I would rather trade GBPUSD. image image Looking at the charts above, can you spot the difference between the two. Your mission ...
- JMo replied Jul 16, 2011
EURUSD weekly pinbar — As per my trading rules, once I get into the trade I dont make any adjustments to my trade (move SL or TP). One of the logics behind this rule is that once you are in the trade, fear and greed affect your analysis as a ...
- JMo replied Jul 14, 2011
going short on EURUSD — put in a pending order: Entry: 1.4191 SL: 1.4286 TP: 1.4014 image Brief explanation of my trade is in the picture below image
- JMo replied Jul 7, 2011
Selling USDCAD — Entry Date 07/07/11 Security/Fx Pair USDCAD Setup PinBar Buy or Sell Sell Planned R:R 3 to 1 Planned Stop 0.9701 Planned Target 0.9527 Entry 0.9658 Possible Risk pips 44 Possible Reward pips 131 image
- JMo replied Jul 4, 2011
While this is a good inside bar setup and many price action traders might be going short on this setup already, I like to wait and stick by my rules. I am hoping that a pin bar is formed on todays candle rejecting the highs of the previous 2 ...
- JMo replied Jul 4, 2011
Selling GBPUSD with Fakey setup — Heres a very good setup, I believe its a very high probability trade. Why? A pinbar rejecting- Resistance at 1.6100 (big round number as well) also formed in the "value" area between 8 and 21 EMA AND rejecting ...
- JMo replied Jul 3, 2011
Winning Trade from Last Week — Below is a good example of trade setups that I like. image
- JMo replied Jul 3, 2011
USDCHF: Looking for shorting opportunity — image
- JMo replied Jul 3, 2011
EURUSD indecsion — image
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