I took this trade last night and just got off with +100pips. Anybody else take it? Any views on my exit strategy would be helpful... thanks
Kean
Kean
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI took this trade last night and just got off with +100pips. Anybody else take it? Any views on my exit strategy would be helpful... thanks
KeanIgnored
DislikedMr Hog,
To open this out to everyone did anyone else take these trades? and if so what where your opinions on them!!
cheers
Fat Tom (In going on Holiday in 3 hours mode..)Ignored
Dislikedi quite like this one also, i have just taken the 4h beob, the break price was also the same as the daily pin. i would like price to break down to the .6300 level pretty hard as price is sitting on intraday pivot atm. i will be taking profits there if price reaches and then will be looking for .6250 to see what happens there.
jonIgnored
DislikedI took this trade last night and just got off with +100pips. Anybody else take it? Any views on my exit strategy would be helpful... thanks
KeanIgnored
DislikedI took this trade last night and just got off with +100pips. Anybody else take it? Any views on my exit strategy would be helpful... thanks
KeanIgnored
DislikedHi all!
It is common for price to retest a breakout area right? That's why Jarroo method of moving SL on each previous bar high/low makes sense...
How will you rate such reentry? I'm just curious to know (:Ignored
DislikedI closed first half with BE and the second with small loss, so I'm out, wish you luck my friendIgnored
Dislikedhi datogio, did you enter on the break of the pin??
it seems you closed pretty fast?! any particular reason??
cheers
jonIgnored
DislikedI posted this chart in the pf last night as one on my watch list. Pulled the trigger when price was playing with the height of the left eye(more aggressive)Ignored
DislikedI wrote this post to rh674 recently and then proceded not to follow my own advice.
Jumped into the GBPJPY pin bar trade just over a day ago, price moved nicely up, moved stop to BE, went to bed, price missed my TP by 6 pips (was 131 pips in profit at that stage) then ran back down and took out the stop and ran thru a further 20 odd pips.
GovIgnored
DislikedI'm trading with tight stops i Just didn't like the momentum of the break so decided to close the position with possible small loss, couldn't manage anything better than that.
EDIT: yes I entered on the pin breakIgnored
DislikedI got in on the pin bar break today, first target was 1.6300, closed half of my position at that point, now im going to trail it with 2 bar method on h4 chart.
exit strategy should be developed based on your ROI so that's you who should know best of all does this exit strategy works for you or not my friend.
nice tradeIgnored
Dislikedok thanx. yes there does seem to be a slight lack of momentum!!??
im gonna hang in there a while and see where she goes!? the us session could well reverse the price, but could also push it south? time will tell
cheers
jonIgnored
DislikedI like that exit strategy idea Jarroo. I've tested something similar (-0.5R as initial stop) and it proved very profitable. Think I posted it somewhere.
JoshIgnored