pin bar trading

I'll be watching this one.Cpi news coming out at 3:30am my time. Still have 1/1/2 hours before this candle closes. ...so it may not be an
entry.

This pair did go up and that is how the ball bounces

Here is one that looks technically ok. We have red news coming out a 3:30 am ...so we'll have to see if it effects this pair.I placed a sell limit on
this one because i seen the set up late. So if it goes half down without filling my limit i'll cancel order. The entry candle is descent ...less than 1 pip from the close to low. We do have a flip zone to the left that it did come off of...no biggie there just something traders do look at.

Ok lost on the eur/chf above ...no excuses just a lost it happens and losers will happen and part of the game.Everything was setup good technically. This one NZDwas winner and may have more room to go further.About a break even week. Actually this nzd pair did not have near the technical confluences like Flip SR's etc like the eur/chf and was a clean winner on price action.Yall have a good week.

No heat --good momentum.

This one wasn't quiet a 1 to 1 RR but very close. No confluences anywhere just strictly price action entry--one indicator RSI- with multi-frame(4hr entry-daily) confirmation...So If i actually traded these last 2 pairs . It would have been 3 winners and one loser....instead of 1 W 1 L.This time of year there is still setups.Take care and have a good weekend.

Also top 25% close on entry

Covering to stop even now. Have a good day.

target hit on cad

This was a brake even trade ...i moved my stops up once i gotten half way to target.Price went up and down for a good while...and still would have reached my
target if left alone. That is how it goes sometimes.

Should i have taken this trade ? Pm me let me know.

Lets go over the rules:
1.20 crossed over the 50sma...we are allways watching the 50 sma....sell below and buy above the 50sma
2.Is the entry candle the highest high of the last 5 candles ?
3.Did the entry candle close in the lower 25 % range of the candle ?
4. Is there at least a 1 to 1 risk to reward when looking for a fractual or pivot low when looking at the left
of the entry candle ? pivot low = 2 candles on each side of a swing point.
5. Is the 4 hr rsi between the 50 and 40 ?
6.Very important = Is the daily RSI 5 pointing down in the same direction as the 4 hr entry ?
7.Is there any confluence like touching flip resistance or support ?
8. Entry is one pip plus spread on a buy stop order above the high of the entry candle and on a sell stop order i normally just place one pip below the
low of the set up candle. Allways watch and compare your spread with your risk.
9. If order does not get filled after entry cande ---cancel order.We are looking for momentum.

Now go over these rules real carefully and PM me if they meet the criteria as a sell order.

Also remember when looking for a 5 candle or bar setup allways count your candles from the top for a sell setup and vice versa for a buy
setup. The candles do not have to be consecutively up or down ....there could be inside bars etc too. Also an entry can be placed after the 5 high or low candle too...only the candle after if it still meets the rules.I have been receiving questions on this as well. Thank you

Buy and sell stop orders allways go below or above the entry candle for me. Some traders trade limit orders but i prefer momentum... i want to be filled above or below my entry candle.Stops allways go above or below the 5 candle high or low.I prefer to trade with 1/2 to 1 percent of my balance.

I know some traders that took this trade awhile back but i didn't ...and they did very very well going up. And i know this is in hindsight but there will be quiet a
few trades like this example that will come up and that is why i posted it. Tell me briefly why i didn't take this one. I'm probably too conservative i
know.Remember this is strictly technical ...if your somewhat good at fundamental news you would have done fine here.

In the above chart my stop would be below the #1 candle not #5 my mistake.Take care and have a good day .

beauty

The 4 hr bullish pin is a nice entry(top25% close) and this one is acceptable.The rsi 4hr is still down but we are still in the sweet spot between the 50 and 60 correct . Ok the daily rsi is up.Allways make
sure you get filled on stop order on the next candle after the entry set up candle.....if not filled cancel order. That tells me no momentum or wrong time of day.Bring stops to break even once halfway to target or risk.No bouncing back or heat here.You have quiet a few break even trades trading this conservative.More aggressive approach would just let it go to it's target which would be the swing point left of the entry .

I know some traders that took this one and good job here.This is to me would have been more of a risky trade and i didn't take it because the risk is not quiet a 1 to 1 about 3/4 ways down to the swing point left of the entry.This one was a nice trade if you taken it.No heat here or bouncing back. All the signs was there especially with the nice red pin and lower 25% candle close after.Everything else lined up according to the rules.Don't need a bunch of candle formations and indicators...just watch price and momentum...and being consistent .

On post 72 i added the entry criteria on the rules at the bottom.Guys and gals have a wonderful day. I have a busy day ahead of me.