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Pinbar trader EA - Trading pinbars off weekly S&R levels

  • #121
  • Jan 31, 2018 6:28am Jan 31, 2018 6:28am
Quoting johnsmith2nd
GBPCHF - BUY at 0311hrs (+2 GMT) Could someone provide some analysis of this lost trade? This doesn't seem like a great setup to me (please correct me if I'm wrong). Quite a distance from the S/R level. The candle on the 26th suggests a bearish price action. Then the 27th there is resistance with a spinning top bullish pattern. Followed by a potential bullish pinbar, and the trade was entered on the next candle. It seems that that there was something going on at this area, and possibly not the clearest signal for an entry? at 1150 (+2 GMT) this...
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Money moves the market, not an indicator.
  • #122
  • Jan 31, 2018 6:32am Jan 31, 2018 6:32am
@john = still in this trade ! OTOH swissy has Always been Slippery m8
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da n0o0b + $hit_Disturber
  • #123
  • Jan 31, 2018 6:47am Jan 31, 2018 6:47am
Quoting johnsmith2nd
GBPCHF - BUY at 0311hrs (+2 GMT) Could someone provide some analysis of this lost trade? This doesn't seem like a great setup to me (please correct me if I'm wrong). Quite a distance from the S/R level. The candle on the 26th suggests a bearish price action. Then the 27th there is resistance with a spinning top bullish pattern. Followed by a potential bullish pinbar, and the trade was entered on the next candle. It seems that that there was something going on at this area, and possibly not the clearest signal for an entry? at 1150 (+2 GMT) this...
There is still a probability that it may work out (remember not all signals even if it is looking perfect, have to workout positive), as a signal is only invalidated when the price has broken the tail area where the original risk/protection would have been placed and still valid even if it ranges for days, ranging shakes out those without patience. We should observe what happens at the end of the day, most times when executing on a daily chart traders should look to be in the trade for at least 3 days for argument sake.. When the big boys trade this pattern they don't always move the money protection, until the end of the day or the price made a higher low. We would be surprised to see some of these same signals still valid up to weeks and months away from when they first triggered. It all boils down to the management of the trade.
For a system like this, lots of big boys would pay heavily for a system like this...I think the reason for sharing here is to have a collective effort in making what already exist even better. & judging from my side it's very good based on my filters and study. (n.b. a lot of signals exist on lower timeframe but the higher timeframe has a lot less noise and takes a whole day to materialize almost like a set and forget system for those who work or go to school etc, and these points of S&R are essential key zones).

For those participating, we all have different perspectives and exposure, whether "new" or at the "been there don't that stage", we should try to constructively point out the little bugs like some have and any advice as to perfecting what can make the difference in whether we make it or not. Many of us look for too much complicated systems and try to make the simple ones more complicated. Trading should not be hard, we should keep it simple.
Happy there are many persons interested in this very system.

Ebeckers it is a Good System...Simple and gets the Job Done and i know we will make it better.
Rinse and repeat=
R:R "Percentage Focus"
  • #124
  • Jan 31, 2018 6:50am Jan 31, 2018 6:50am
Started ignoring
https://cdn-assets.forexfactory.net/...230796_207.gif Davit = hmmm, i wonder why ?
da n0o0b + $hit_Disturber
  • #125
  • Jan 31, 2018 6:58am Jan 31, 2018 6:58am
" For a system like this, lots of big boys would pay heavily for a system like this..." = damn Right m8 !
da n0o0b + $hit_Disturber
  • #126
  • Jan 31, 2018 7:00am Jan 31, 2018 7:00am
Hi Ebeckers,

i have downloaded EA but SMA200 trend filter seems missing. Can you help on this?

Thanks a lot.

Kent
  • #127
  • Jan 31, 2018 7:23am Jan 31, 2018 7:23am
Quoting reo4ua
55 pips total on 2 live trades. Have a 3rd that's currently flat.
Make that 3/3. An additional 34 pips on 3rd signal. Nice work EB!
Blessed is the one who takes refuge in Him.
  • #128
  • Jan 31, 2018 7:26am Jan 31, 2018 7:26am
fwiw =
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da n0o0b + $hit_Disturber
  • #129
  • Jan 31, 2018 7:29am Jan 31, 2018 7:29am
Quoting johnsmith2nd
GBPCHF - BUY at 0311hrs (+2 GMT) Could someone provide some analysis of this lost trade? This doesn't seem like a great setup to me (please correct me if I'm wrong). Quite a distance from the S/R level. The candle on the 26th suggests a bearish price action. Then the 27th there is resistance with a spinning top bullish pattern. Followed by a potential bullish pinbar, and the trade was entered on the next candle. It seems that that there was something going on at this area, and possibly not the clearest signal for an entry? at 1150 (+2 GMT) this...
Trade is still running here.
Yesterday we had a pinbar rejecting the weekly level @ 1.31090
Today price retraced to +/-50% of the pinbar and now its slowly moving into profit

(in hindsight.. I got in too early, i should have waited for the 50% retrace)
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  • #130
  • Jan 31, 2018 7:45am Jan 31, 2018 7:45am
My GBPCHF buy trade got stopped out last night.
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Truth is like poetry. And most people f*cking hate poetry.
  • #131
  • Jan 31, 2018 7:47am Jan 31, 2018 7:47am
Quoting ebeckers
{quote} Trade is still running here. Yesterday we had a pinbar rejecting the weekly level @ 1.31090 Today price retraced to +/-50% of the pinbar and now its slowly moving into profit (in hindsight.. I got in too early, i should have waited for the 50% retrace) {image}
Yes the 50% is the sweet one, though it does not come very often but when it does come it's worth the wait. Usually when this limit order entry is triggered it tends to work out even better than the stop order entry, something for traders to think about. nice one ebeckers...
R:R "Percentage Focus"
  • #132
  • Jan 31, 2018 7:58am Jan 31, 2018 7:58am
Quoting mrdfx
My GBPCHF buy trade got stopped out last night. {image}
On my live account I'm trading manually and using the EA for signals;-)
On my demo account i'm use the EA for automated trading and that on got stopped out indeed
  • #133
  • Jan 31, 2018 8:07am Jan 31, 2018 8:07am
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da n0o0b + $hit_Disturber
  • #134
  • Jan 31, 2018 8:16am Jan 31, 2018 8:16am
Quoting ebeckers
{quote} On my live account I'm trading manually and using the EA for signals;-) On my demo account i'm use the EA for automated trading and that on got stopped out indeed
Not trading this strategy live yet, still testing the waters.
Truth is like poetry. And most people f*cking hate poetry.
  • #135
  • Jan 31, 2018 9:11am Jan 31, 2018 9:11am
ebeckers.. Thank You for the EA. Looks very promising. I have been closing the trades manually by checking the 1hr S/R, but EA opens the trade again from where i close. Can we add an option like EA opens trades on only new signals or something that sort of?
  • #136
  • Jan 31, 2018 9:35am Jan 31, 2018 9:35am
Quoting bluejack
ebeckers.. Thank You for the EA. Looks very promising. I have been closing the trades manually by checking the 1hr S/R, but EA opens the trade again from where i close. Can we add an option like EA opens trades on only new signals or something that sort of?
bluejack.
The option is already in the EA.
  • #137
  • Jan 31, 2018 9:40am Jan 31, 2018 9:40am
[quote=ebeckers;10726343]{quote} On my live account I'm trading manually and using the EA for signals;-) On my demo account i'm use the EA for automated trading and that on got stopped out indeed[/q

Hi ebeckers. Thank you for the EA.

Would it be possible to have both, trade opens at the start and as well as the 50% retracement if it occurs.

Just a thought.

Thanks again.
  • #138
  • Jan 31, 2018 10:15am Jan 31, 2018 10:15am
Quoting johnsmith2nd
{quote} Using daily time frame as per the rules.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #139
  • Jan 31, 2018 10:24am Jan 31, 2018 10:24am
Quoting Monty13
{quote} bluejack. The option is already in the EA.
Thank You, but i believe that "allow reentries on the same pair" is a different function.
  • #140
  • Jan 31, 2018 11:00am Jan 31, 2018 11:00am
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da n0o0b + $hit_Disturber
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