Thanks for finding this article....Ignored
DislikedLooks like MSFT pin broke to the 365 EMA and now showing a pinbar in the other direction.Ignored
DislikedI don't deal with EMA's, and find them useless because they are calculated after the fact. However, you are correct. Don't care, still short.....
That's what stops are for.
i have been reading your thread for about 2 weeks. very interesting, your comments always helpful. a few months ago i bought aig (1.55) and abk (1.35). i didnt know about candles, s&r, pivot zones, pinbars, etc. i just bought this stocks because a friend told me it was going to be a very good oportunity in two years.
now i know there are markets like forex where you can trade daily or weekly.
if it is possible, i would like to hear your opinion about aig and abk in the next months.
thanks a lot.
i am considering to re read this thread.Ignored
DislikedI have admired your progress for quite sometime since you jioned this Thread...am amazed at how fast you have caught up and are making very good progress. Congratulations............and keep. I am learning quite alot from you and especially CW71.
About your EUR/USD short, i noted that it was against the trend off the 4-hr TF, when backtesting and going CT i noted that the 4-hr works BUT NOT always...the Daily & Weekly TFs seems to work well on CTs. Just my view and thoughts and i always avoid CTs on 4-hr TFs.Ignored
Dislikedi got stopped out on this eurusd trade...to be honest at the time i was bored by not taking any trades almost two weeks so i was looking for anything to get in a trade..This mistake cost me one percent of my capital...
now i'm bored and also feeling silly
do something else if you're boredIgnored
a few questions:
a) Do you use fibs from the time frame you are trading (i.e. if I am taking a 4 hr pin bar do I use 4 hr fibs or weekly, etc.)?
b) Same question for trend lines.
I realize these are secondary indicators only used to confirm positions, but I find myself questioning positions because on a the EUR/CAD for example about a day ago a pin showed on the 4 hr chart which reacted to 23% fib on the monthly/weekly but price was having a tough battle with 23% support on the 4 hr chart. Just curious what you give the most weight...Ignored
DislikedUsdjpy...i'll take this long if that two-day pinbar gets broken by 20 pips or so..Ignored