Attachments: Daily PIN Bars

Daily PIN Bars

#1
First Post: Jul 13, 2007 4:11am Jul 13, 2007 4:11am

drtduarte
| Joined Jun 2007 | Status: Trader | 25 Posts

I don't know what do you think about this, but as mentioned on another thread, I think that it would be great to have a thread specially dedicated to PIN bar notifications, this will allow us to share PIN bars detected, so that we can analyze them and after that, and only after that enter on those trades or not under our own responsibility.

If you agree with this, we can open another thread dedicated to 4H PIN bars.

Thank you.

#2
Jul 20, 2007 2:55am Jul 20, 2007 2:55am

zelkom2002
| Joined Dec 2005 | Status: Trader | 3 Posts

Quoting drtduarte

Disliked

I don't know what do you think about this, but as mentioned on another thread, I think that it would be great to have a thread specially dedicated to PIN bar notifications, this will allow us to share PIN bars detected, so that we can analyze them and after that, and only after that enter on those trades or not under our own responsibility.

If you agree with this, we can open another thread dedicated to 4H PIN bars.

Thank you.

Ignored

I have recently subscribed to the James 16 chats, but it seems to me that it is a little surprising that there appears to be no active trading room for discussions like this. Trading talk in real time. Is there a reason why there isn't?

#3
Jul 20, 2007 2:56am Jul 20, 2007 2:56am

mbqb11
| Commercial User | Joined Aug 2006 | 12,004 Posts

Quoting zelkom2002

Disliked

I have recently subscribed to the James 16 chats, but it seems to me that it is a little surprising that there appears to be no active trading room for discussions like this. Trading talk in real time. Is there a reason why there isn't?

Ignored

errrrr?

Trading talk goes on constantly, in the dedicated pair threads, countless journals

If you mean signals given by James that isn't what the forum is about, if you mean discussing potential trades with other members and such, this goes on everyday

#4
Aug 11, 2007 6:31am Aug 11, 2007 6:31am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

Daily Pin on GbpJpy off of the 50 fib of the correction from 3/2/07 low and the 7/20/07 high.

Attached Image

#5
Aug 11, 2007 6:40am Aug 11, 2007 6:40am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

A look at the daily pin on the 4hr/weekly chart. The yellow line is the 21 ema which serves as a short term r/s level.

Attached Image

#6
Aug 11, 2007 6:54am Aug 11, 2007 6:54am

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts

Great thread

Subscribed

Trade what you see, not what you think.

#7
Aug 11, 2007 7:27am Aug 11, 2007 7:27am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

EurJpy daily pin off of the 50.0 fib retracement of the low of 3/2/07 and the 7/13/07 daily high.

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#8
Aug 11, 2007 7:33am Aug 11, 2007 7:33am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

Here is how the eurjpy daily pin looks on the 4hr/weekly

Attached Image

#9
Aug 11, 2007 10:59am Aug 11, 2007 10:59am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

NzdJpy Strong Pin off of the long term 50.0 fib of 3/6/ 07 low and 7/24/07. Is currently at 88.22 which is strong historical Resistance and also support level. Bias up, trade long with a break above 88.95 Friday’s high and a resistance level from mid April to the end of May. The NzdJpy has a (DAR) daily average range of 118pips and a (WAR) weekly average range of 252.

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#10
Aug 11, 2007 11:10am Aug 11, 2007 11:10am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

See post four of this link it gives a nice perspective on pin bars and trading in general.

http://www.forexfactory.com/showthread.php?t=8017

#11
Aug 11, 2007 11:13am Aug 11, 2007 11:13am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

These are some nice attachments explaining pin bars.

Attached File(s)

Pinbars.pdf 175 KB | 3,517 downloads

Pinbars advanced.pdf 113 KB | 3,514 downloads

#12
Aug 11, 2007 11:45am Aug 11, 2007 11:45am

bassmouth
| Joined Dec 2006 | Status: Trader | 75 Posts

Nice pin bar formed on the daily g/u with price bouncing off 50% fib retrace from last upmove.

Weekly g/u formed a bearish outside bar, so weekly and daily appear to be giving opposite signals.

Price action seems to be indicating an up move for Monday but a down move for the week.

Descending triangle may limit the initial upside move.

Please comment.

#13
Aug 11, 2007 11:48am Aug 11, 2007 11:48am

59fender
| Joined Jul 2006 | Status: Trader | 1,364 Posts

Quoting goodthings

Disliked

NzdJpy Strong Pin off of the long term 50.0 fib of 3/6/ 07 low and 7/24/07. Is currently at 88.22 which is strong historical Resistance and also support level. Bias up, trade long with a break above 88.95 Friday’s high and a resistance level from mid April to the end of May.The NzdJpy has a (DAR) daily average range of 118pips and a (WAR) weekly average range of 252.

Ignored

looks to have a long nose but the closing price seems just a little shy of the left eye. i,m going to keep a close "watch" on this one

#14
Aug 11, 2007 12:18pm Aug 11, 2007 12:18pm

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

Quoting bassmouth

Disliked

Nice pin bar formed on the daily g/u with price bouncing off 50% fib retrace from last upmove.

Weekly g/u formed a bearish outside bar, so weekly and daily appear to be giving opposite signals.

Price action seems to be indicating an up move for Monday but a down move for the week.

Descending triangle may limit the initial upside move.

Please comment.

Ignored

I read post 5712 pointing out the 21ema on the gbpusd weekly. http://www.forexfactory.com/showthre...41#post1491741
So a break to the down side could find support on the weekly 21ema. Well with in the (WAR) weekly average range of 244 pips which there is 60% statistical probability (SP) of the gbpusd ranging 240 pips between the high and low for the week.

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#15
Aug 11, 2007 10:12pm Aug 11, 2007 10:12pm

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

AudJpy- Nice pin off of long term 50fib of 98.13 next resistance level to break 38.2 fib which is the Thursday close and S/R 100.39. Which served as a resistance level from April 16 to a break on June 1 . Then it was support from July 27 until last Friday’s break. Next major S/R on the upside is 102.86 on the down side the 50 fib of 98.13. Bias Looking for a break on the up side.

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