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Pinpars Rock

  • #61
  • Aug 28, 2018 12:51am Aug 28, 2018 12:51am
Quoting edge540
{quote} To prove my point all you have to do is start trading them with real money and I will guarantee that you will go broke doing so.Past performance of any technique is irrelevant....so take the challenge and start documenting your real time "pinbar" trades on this forum.Wishful thinking,hope and holding hands will not make you a successful trader.
This is actually ironic because you mentioned previously "FX is littered with failures,BS artists,conmen/women,charlatans,snake oil sales people and losers".

And yet here you are trying to "guarantee" that pin bars don't work. Like i said, please prove why pin bars don't work. Your saying is no different than "hey look, i share here my 80%+ EU system MA crossover", but there is no proof when asked why the system is 80%. Do you have a myfxbook record over 10 years that purely trades pin bar and it dont work? If so, kindly share it here so that we can improve here.

The only difference is those charlatans are asking for money but you are not because you are just trying to strengthen your point of EVERY systems dont work.

I am not saying pin bars surely work but afterall, this forum is to learn new strategies/ improve upon. It's quite clear that the thread starter is not active anymore here in this thread and there's just a few of us trying to see how to improve pin bar winning rates.

You mentioned that "Wishful thinking,hope and holding hands will not make you a successful trader", please enlighten me which way is the correct way? Brutally speaking, are you "qualified" enough to give advice here? Gosh, show proof of your TE please.
  • #62
  • Aug 28, 2018 11:27am Aug 28, 2018 11:27am
Quoting edge540
To prove my point all you have to do is start trading them with real money and I will guarantee that you will go broke doing so.Past performance of any technique is irrelevant....so take the challenge and start documenting your real time "pinbar" trades on this forum.Wishful thinking,hope and holding hands will not make you a successful trader.
I will take your challenge sir...

This has become ridiculous and I will show you (and all here) that trading pin bars CAN and WILL work...if you trade them within context. This negative nonsense must end. And like all bullies I will stand up to you and beat you at your own game. I will start documenting my trades using "pinbars" on the hard right edge. It may take awhile because I trade daily and weekly charts...but I further challenge you (if you can put your trades where your mouth is) to post trades on the hard right edge showing your "superior" methodology.

I invite others here to document their trades on the "hard right edge" and let the chips fall where they may. I'm tired of this kind of bullying and troll behavior. Anyone can come in here and say something doesn't work...lets show what really does work and work on improving things...

To start with I will post this trade (that has been in progress now for 6 days...I saw it late and didnt get the exact entry I wanted but this will prove the point:
Attached Image (click to enlarge)
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Pin bar (or shooting star) is clearly seen here in blue...note also the rise in volume on the same candle. The context for this pin bar is that it occurred after price stopped out all the shorts from a previous range bound condition...of particular note is that while price was rising above the range...the volume was actually falling UNTIL...the sellers came in and absorbed all that exhaustive buying. I expect price to now push down into the previous range and at least test the bottom of that range where i have my take profit target.
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  • #63
  • Aug 28, 2018 11:41am Aug 28, 2018 11:41am
Yet another trade (that has been ongoing)...
Attached Image (click to enlarge)
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This trade has been in progress 8 days. Note the "pinbar" at the bottom. It occurs in "context" after climax and exhaustion phases for a completed selling exhaustion cycle. Note once again that the "pinbar" occurred on RISING volume indicating the absorption of selling which, is really just the shorts taking profits on the backs of the late (mostly retail) sellers. As I write this there are only 68 pips left to achieve the target. and the stop is locking in a small profit.

OK EDGE...you're turn.
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  • #64
  • Aug 28, 2018 5:42pm Aug 28, 2018 5:42pm
Quoting DonPato
{quote} I will take your challenge sir... This has become ridiculous and I will show you (and all here) that trading pin bars CAN and WILL work...if you trade them within context. This negative nonsense must end. And like all bullies I will stand up to you and beat you at your own game. I will start documenting my trades using "pinbars" on the hard right edge. It may take awhile because I trade daily and weekly charts...but I further challenge you (if you can put your trades where your mouth is) to post trades on the hard right edge showing your...
Let us deal with facts not wishful thinking,I'm not a bully nor am a troll rather a realist that has been around this game for a while.I don't claim to have any superior methodology in fact I've been a dismal failure at FX trading and I've tried most trading methods.Trading is not life and death for me it is just an amusing pass time.You have posted a couple of hindsight trades with a lot of verbal garbage about where you think price will go.....great but it's all been done before.Post some real time,real money "pinbar" trades and I might take you seriously.
  • #65
  • Aug 28, 2018 6:19pm Aug 28, 2018 6:19pm
Quoting edge540
...I'm not a bully nor am a troll...
According to wikipedia you are are the very definition of the word:
"...a troll (/troʊl, trɒl/) is a person who starts quarrels or upsets people on the Internet to distract and sow discord by posting inflammatory and digressive,[1] extraneous, or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the intent of provoking readers into displaying emotional responses[2] and normalizing tangential discussion,[3] whether for the troll's amusement or a specific gain."

Quoting edge540
...I don't claim to have any superior methodology in fact I've been a dismal failure at FX trading and I've tried most trading methods...
Well then it sounds like you are the expert at failure and NOT at what it takes to succeed. Why come here a dump on everyone else?? If you think we are only operating with "wishful thinking" then why not sit back and enjoy the show...why intervene?? We all learn in degrees and the idea of "pin bars" is not new...I affectionately use them to show order flow absorption in the absence of actual order flow data on the spot market. I repeat...in the proper context these formations WORK...instead of telling everyone here what didn't work for you...why not take another swing at the ball and try to LEARN something. I've been using this formation for years...many of those years I too was pulling my hair out until I discovered how to find the right context for these trades. While I'm no "expert" either...at least I don't go around FF dumping on ideas I that didn't work for me...allow each individual to determine that for themselves.

Quoting edge540
...You have posted a couple of hindsight trades with a lot of verbal garbage about where you think price will go....
Check again genius...those trades are live and on the right hand edge...just didn't know YOU would appear when I entered them two weeks ago. Both are almost ready to limit out...and are at least positive no matter what. HOW positive remains to be seen as each day goes by.

Quoting edge540
...Post some real time,real money "pinbar" trades and I might take you seriously.
I really don't care if you take me seriously...my only goal in this is to try and get you to STOP DUMPING on others who are enthusiastically pursuing their craft. There is no straight line to success, especially in this business, but some (yes even here) will find something of value on these threads and use it to their advantage.

You can be sure that the next trade set up that comes my way I will post.
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  • #66
  • Aug 28, 2018 6:41pm Aug 28, 2018 6:41pm
Potential set up on EURNZD daily, watch the price action, act according to your trade plans

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It takes a lot for me to IGNORE you, but you can try.
  • #67
  • Aug 28, 2018 7:25pm Aug 28, 2018 7:25pm
One more, not at the top of the range like the last one, but maybe a turning point

Notice, if you were too eager, you would be already triggered into this trade by very few pips

Don't do that!!!

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It takes a lot for me to IGNORE you, but you can try.
  • #68
  • Aug 28, 2018 7:53pm Aug 28, 2018 7:53pm
GBP/USD short:
Right hand edge as promised.
Attached Image

Today's bar produced a shooting star (pin bar) which I just found and entered. We'll just have to see if this works or not.
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  • #69
  • Edited 3:15am Aug 29, 2018 2:43am | Edited 3:15am
Quoting DonPato
GBP/USD short: Right hand edge as promised. {image} Today's bar produced a shooting star (pin bar) which I just found and entered. We'll just have to see if this works or not.
Nice!! I’m short eurusd and long gbpzar. On ig the eur daily candle looked better to short
  • #70
  • Aug 29, 2018 3:47am Aug 29, 2018 3:47am
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened.-Sir Winston Churchill.
  • #71
  • Aug 29, 2018 6:05am Aug 29, 2018 6:05am
Hi guys,

I am in short gbpusd at 1.2881 with sl/tp 19 pips. I am in ucad long also since yesterday for h4 chart. Let's see how they go.
Attached Image(s) (click to enlarge)
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  • #72
  • Aug 29, 2018 9:01am Aug 29, 2018 9:01am
Just to let you all know and to be completely transparent...My short on GBP/USD was just stopped out for a 35 pip loss...win some lose some.
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  • #73
  • Aug 29, 2018 9:59am Aug 29, 2018 9:59am
Quoting bulltrader13
{quote} Nice!! I’m short eurusd and long gbpzar. On ig the eur daily candle looked better to short
Closed my GBP ZAR long - prob should left it... Still in my EUR short
  • #74
  • Aug 29, 2018 10:35am Aug 29, 2018 10:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB

EUR/JPY Long just about ready to limit out at 510 pips... 310 pips locked in with a stop just in case
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  • #75
  • Aug 30, 2018 12:10am Aug 30, 2018 12:10am
anyone catch that one? unfortunately, I was visiting my daughter in the hospital yesterday...

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-08-30_15-05-34.png Size: 44 KB
It takes a lot for me to IGNORE you, but you can try.
  • #76
  • Aug 30, 2018 3:36am Aug 30, 2018 3:36am
My eur usd short looking better now. Went long usd cad. Just to confirm these are demo
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: E81800B1-505B-4940-A05A-9520145F95A1.png Size: 120 KB
  • #77
  • Aug 30, 2018 10:00am Aug 30, 2018 10:00am
Quoting bulltrader13
My eur usd short looking better now. Went long usd cad. Just to confirm these are demo {image} {image}
Moved sl to be on both
  • #78
  • Aug 31, 2018 5:13am Aug 31, 2018 5:13am
Just short EC at 1.5183 with h4 chart. Anyone take it too?
  • #79
  • Aug 31, 2018 6:38am Aug 31, 2018 6:38am
Quoting CrocodileRex
Just short EC at 1.5183 with h4 chart. Anyone take it too?
Nice looking setup, reversal at a Big Round number and also a 61.8% fib retracement level on the daily.
At the moment it's looking possible that a Pin Bar could form on daily chart also, if it does I will look to trade that at the 50% level at the beginning of next week (month)
Everything will be okay in the end. If it's not okay, it's not the end.
  • #80
  • Aug 31, 2018 7:08am Aug 31, 2018 7:08am
Good stuff is being posted here at all times. Keep up the good work guys; You're teaching me a lot.
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