pin bar trading | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

My Pin Scouter Indicator for use with Pin Trading 51 replies

trading pin bar 34 replies

Trading Daily Pin Bar 17 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: pin bar trading
Exit Attachments

pin bar trading

  • #441
  • Feb 20, 2019 1:18am Feb 20, 2019 1:18am
I missed that E/J as candle 1 was below the 50 MA - i use that as a strict criteria

No other valid trades found today
  • #442
  • Feb 20, 2019 4:08pm Feb 20, 2019 4:08pm
Quoting TheMonk
I missed that E/J as candle 1 was below the 50 MA - i use that as a strict criteria No other valid trades found today
Your on the right track Monk
  • #443
  • Feb 22, 2019 12:44am Feb 22, 2019 12:44am
This one still may go up again but it's just too sideways for me.. The top left HH got breached and went sideways...also the entry #2 entry and stop at the low is less than a 1 to 1 RR to pivot high ...shy about 4 pips.Some traders will probably jump on it though.You all have a good weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 40 KB
  • #444
  • Feb 22, 2019 12:58am Feb 22, 2019 12:58am
This is a daily setup i entered awhile back and still moving slowly I will go ahead and cover on this one soon.I'll trade the dailies every now and then if i
see setup i like.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 40 KB
  • #445
  • Feb 22, 2019 3:27pm Feb 22, 2019 3:27pm
Quoting Lemonx
{quote} Hi How you know how big sl and tp use ?
Hi Lemon,
Stop goes below #1 candle --your entry need to be filled after #1 candle or the candle after it which i call the #2 candle that is if you have a
qualifying entry candle of a top 25% close.....vice versa for sell.We would like to see at least a 1 to 1RR to pivot high to left once you calculate your risk or close anyway.I personally cover to break even or above the entry candle once price reaches half my risk....TP would be at least a 1 to1 on one position and depending on your funds you can have multiple positions too if price goes higher.If your a new trader you will have to decide what type of trader you are and what
fits you the best. If your interested in this methodology there is plenty of examples. Take care
  • #446
  • Feb 23, 2019 5:51pm Feb 23, 2019 5:51pm
Quoting tex123
This one still may go up again but it's just too sideways for me.. The top left HH got breached and went sideways...also the entry #2 entry and stop at the low is less than a 1 to 1 RR to pivot high ...shy about 4 pips.Some traders will probably jump on it though.You all have a good weekend. {image}
Hey , Which indicator you are using in Mt4 to print HH , or HL or LH on bars ?
  • #447
  • Feb 23, 2019 6:04pm Feb 23, 2019 6:04pm
Quoting swagat555
{quote} Hey , Which indicator you are using in Mt4 to print HH , or HL or LH on bars ?
Hey My eyes
  • #448
  • Feb 25, 2019 6:21am Feb 25, 2019 6:21am
Hi Tex

Wonderful thread you have here, been reading this one with much interest. I love the rules attached to this method of swing trading. Thought I give it a go myself on the us/jp today.

Cheers
b
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-02-25 12_32_02-613322_ ICMarkets-Live05 - [USDJPY,H4]_LI.jpg Size: 197 KB
  • #449
  • Feb 25, 2019 11:34am Feb 25, 2019 11:34am
Quoting tex123
This one still may go up again but it's just too sideways for me.. The top left HH got breached and went sideways...also the entry #2 entry and stop at the low is less than a 1 to 1 RR to pivot high ...shy about 4 pips.Some traders will probably jump on it though.You all have a good weekend. {image}
This one did go up and beyond without taking stop out at the low. Good job if you traded it.
  • #450
  • Feb 25, 2019 11:55am Feb 25, 2019 11:55am
Quoting Brabo79
Hi Tex Wonderful thread you have here, been reading this one with much interest. I love the rules attached to this method of swing trading. Thought I give it a go myself on the us/jp today. Cheers b {image}
Hi Brabo,
Glad you stopped by. Your top 25% close is good and rsi but your don't have the lowest low of the last 5 candles on your entry ...more or less
sideways.Just trying to help not being critical.
  • #451
  • Feb 25, 2019 3:20pm Feb 25, 2019 3:20pm
Quoting tex123
{quote} Hi Brabo, Glad you stopped by. Your top 25% close is good and rsi but your don't have the lowest low of the last 5 candles on your entry ...more or less sideways.Just trying to help not being critical.
Hi Tex

No problem at all, I am still trying to get the hang of it and can use all the help. I see it now, guess I jumped in too fast. Maybe I get this wrong but should the lows have the shape of a 'V' when buying? I also thought the MA's were kinda "sharp" as in price did not bounce of it.. what do you think of that?

Must say the trade went really well though. Target 1 was hit relatively fast, great momentum. Removed the risk and the other one is still running. When I look at the weekly chart there may be room untill price reaches 111.36. Initially placed my second TP at 110.95 but when I saw it drifting I decided to loose the TP and maybe trail it. Guess I am always hoping for that "big one"... Greed or "let your profits run" as they say?

Cheers
b
  • #452
  • Feb 25, 2019 11:07pm Feb 25, 2019 11:07pm
I missed this one---still kind of rangy though.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 47 KB
  • #453
  • Feb 25, 2019 11:25pm Feb 25, 2019 11:25pm
Quoting Brabo79
{quote} Hi Tex No problem at all, I am still trying to get the hang of it and can use all the help. I see it now, guess I jumped in too fast. Maybe I get this wrong but should the lows have the shape of a 'V' when buying? I also thought the MA's were kinda "sharp" as in price did not bounce of it.. what do you think of that? Must say the trade went really well though. Target 1 was hit relatively fast, great momentum. Removed the risk and the other one is still running. When I look at the weekly chart there may be room untill price reaches 111.36....
Hi Barbo,
Not really a V shape...what we are trying to do is get a deep enough pullback for our risk.On a buy we want to count the lowest low (wicks)of the last 5 candles .Our entry should be on the lowest low candle or the next candle after it as long as our risk equals or pivot high to left.Then we look at our other rules---daily rsi to make sure it's going in the same direction etc etc. IMO the first 2 pullbacks our very important... Good job on that runner and now you can celebrate with a big juicy steak for lunch
  • #454
  • Feb 26, 2019 5:52am Feb 26, 2019 5:52am
Quoting tex123
I missed this one---still kind of rangy though. {image}
If you did trade this one you should be at break even now --covered.Remember on the break even--cover point we want the red body on the cover point not
a wick.Another tip is to add spread from pivot point(target) on a sell if the spread isn't too large on first profit. Have a good day .
  • #455
  • Feb 26, 2019 9:56am Feb 26, 2019 9:56am
Quoting tex123
{quote} If you did trade this one you should be at break even now --covered.Remember on the break even--cover point we want the red body on the cover point not a wick.Another tip is to add spread from pivot point(target) on a sell if the spread isn't too large on first profit. Have a good day .
Should have made some green here. You can see where the buyers come right back in after it touch the pivot low(potential target). This is why i say add the spread up from the pivot low. This was a 16 pip risk on candle and price went as low as 388 and 392 would have been a 1:1 RR.We never know when we will go back into the range mode.
  • #456
  • Edited 10:18am Feb 26, 2019 10:04am | Edited 10:18am
Can anyone tell me where the signal is on the aud/chf ? Very close to the 1:1 money now. Ask yourself : Do we have the lowest low of the last 5 candles ? 2. Do we have at least a 1:1 RR to pivot high to left compared to our risk ? 3. Are we in our sweet spot of rsi 4hr ? 4 .Is the daily rsi going up at the close of the 4hr entry ? 5. Is this a descent time for entry ? 6. Is this the first or 2nd pullback ? 7. Are we trending ? 8.Do we have a top or bottom 25% close on entry ? Then you decide if it's worth taking this trade .
  • #457
  • Feb 26, 2019 10:30am Feb 26, 2019 10:30am
How about the Aud/usd ? Nice signal . Same questions above and i'm adding one more . Did we get filled after the entry candle ?
  • #458
  • Feb 26, 2019 10:44am Feb 26, 2019 10:44am
Hi Tex

What currencies do you monitor ?
Do you go thru them every 4 hours ?

Monk
  • #459
  • Feb 26, 2019 1:20pm Feb 26, 2019 1:20pm
Monk this one closed at my 8am time.I monitor all pairs with descent spreads so there is quiet a few on oanda...15 or 20 i would think.That Aud/nzd pair...the chart above entry closed at 4pm so i was napping then but this still had good liquidity and momentum then....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH4.png Size: 40 KB
  • #460
  • Feb 26, 2019 1:35pm Feb 26, 2019 1:35pm
Ok Monk you can post the Aud/usd signal chart if you like.
0 traders viewing now