Daily PIN Bars | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Pin Scouter Indicator for use with Pin Trading 51 replies

Create daily bars from hourly bars? 1 reply

Pin bars, Inside bars - PA on D1 and H4 anyone? 7 replies

Pin bar, pin bar, pin bar 0 replies

Inside bars vs pin bars 3 replies

Attachments: Daily PIN Bars
Exit Attachments

Daily PIN Bars

  • #181
  • Oct 3, 2007 7:15am Oct 3, 2007 7:15am
Quoting howard
It is the same on my other chart onwhich daily closes at 22:00 GMT, 23:00 UK time
Howard, I'm on GMT and i only see a IB

You want to post a chart for us.

Enjoy
Ademac
Attached Image (click to enlarge)
Click to Enlarge Name: eur-chf.gif Size: 10 KB
  • #182
  • Oct 3, 2007 7:20am Oct 3, 2007 7:20am
Quoting ademac
EUR/USD 1D stopped out at +568 pips or +6.6% profit
EUR/USD 4HR stopped out at +331 pips or +7% profit



Need I say more

Best of luck for any and all of your trades Ademac
Trust price. Know yourself.
  • #183
  • Oct 3, 2007 7:45am Oct 3, 2007 7:45am
The pin is also an IB
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf daily.gif Size: 24 KB
Regards
  • #184
  • Oct 3, 2007 7:56am Oct 3, 2007 7:56am
Quoting howard
The pin is also an IB
]

Hey Howard,

An IB can only be an IB. It may have the pin bar shape but as taught by James we only call it an IB. Some may choose to let it give them a bias on the IB. But I have found that not to work well with IBs as I had looked at that a long time ago. But I don't want to discourage you from it, if you have tested otherwise. Just thought I would give a heads up

Take care
Mike
  • #185
  • Oct 3, 2007 7:59am Oct 3, 2007 7:59am
My bar opens/closes at 5 PM New York time. I believe that corresponds to 21:00 GMT. I don't see a pin bar on this pair at the time you refer to. The preceeding bar had a higher high on my chart. Pippo
Vincit qui se vincit.
  • #186
  • Oct 3, 2007 9:05am Oct 3, 2007 9:05am
OK, we call it an IB with a doji shape, still it is a bearish doji if confirmed by the next bar
Regards
  • #187
  • Oct 3, 2007 11:14am Oct 3, 2007 11:14am
Here are some beautiful pin bars! that don't work...
any ventured guesses?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf jpy.gif Size: 20 KB
Click to Enlarge Name: eur jpy.gif Size: 21 KB
"Please sir, may I have some more pips?"
  • #188
  • Oct 3, 2007 11:59am Oct 3, 2007 11:59am
This pin failed? Was entry high +10 pips and stop low- 10 pips? Looks like a good trade.
Vincit qui se vincit.
  • #189
  • Oct 3, 2007 12:29pm Oct 3, 2007 12:29pm
sorry - Left that older one on... plz ignore the Sept. 20th. - that pin hooked me up.


Its the Oct 1st ones.
"Please sir, may I have some more pips?"
  • #190
  • Oct 3, 2007 12:31pm Oct 3, 2007 12:31pm
Just because you maybe got stopped out, it won't mean they don't work.
  • #191
  • Oct 3, 2007 1:23pm Oct 3, 2007 1:23pm
Well - I'm sure there is art and interpretation behind all of this... but I always thought the general consensus was... if price goes past the nose of the pin bar... its F'ed. And rarely do I see a recovery... I mean if price drops down 5 days later, after going way past the pin bar... I do not consider that pin bar (5 days earilier) to be the reason for the drop. Hopefully that all makes sense..
"Please sir, may I have some more pips?"
  • #192
  • Oct 3, 2007 3:59pm Oct 3, 2007 3:59pm
Another doji formed on EUR/CHF today, this one is a real pin with long nose, break of the low may prove to be profitable.
Stop at 1.6680
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf daily.gif Size: 24 KB
Regards
  • #193
  • Oct 3, 2007 5:14pm Oct 3, 2007 5:14pm
Are those little dotted horizontal tales your own little dynamic mini supports and resistances? If so - I like em!
"Please sir, may I have some more pips?"
  • #194
  • Oct 3, 2007 5:26pm Oct 3, 2007 5:26pm
Quoting J2FcM
Are those little dotted horizontal tales your own little dynamic mini supports and resistances? If so - I like em!
http://www.forexfactory.com/showpost...7&postcount=91
  • #195
  • Oct 3, 2007 5:34pm Oct 3, 2007 5:34pm
thanks ya scally wag! Now you force me to learn how to use MT4 indicators...and learn what REPAINTing is... I'm repainting my fish tank.. does that count?
"Please sir, may I have some more pips?"
  • #196
  • Oct 3, 2007 5:45pm Oct 3, 2007 5:45pm
Quoting J2FcM
Here are some beautiful pin bars! that don't work...
any ventured guesses?
The first one is in the middle of traffic and if you took it you would likely end up road kill.

The second one is just a time frame issue. Now i am not saying your charts are wrong, cause all the chart is is a record of price movement for 24hrs. I have a theory regarding TF basically with Europe & the USA being the busy time. i want my bar close to be in the quiet time between the US close and the European open. this way i get a good idea of what the market did for the previous trading day.

Enjoy
Ademac
Attached Image (click to enlarge)
Click to Enlarge Name: eur-jpy.GIF Size: 10 KB
  • #197
  • Oct 3, 2007 7:21pm Oct 3, 2007 7:21pm
Quoting howard
Another doji formed on EUR/CHF today, this one is a real pin with long nose, break of the low may prove to be profitable.
Stop at 1.6680
Yes this is a PB and it has finished forming but i wont be trading it as

  1. It is in Traffic.
  2. It is in Traffic
  3. The nose is barely sticking up above surrounding PA(9pips)

Enjoy
Ademac

  • #198
  • Oct 3, 2007 11:33pm Oct 3, 2007 11:33pm
so Ademac, would you say our TF on our charts may destine us to lose certain trades, and make certain bad trades? In the grand scheme it balances out? or are you sayingI should pick a MT4 data feed that suits me better? or do I just try to put words in your mouth...
"Please sir, may I have some more pips?"
  • #199
  • Oct 4, 2007 12:53am Oct 4, 2007 12:53am
Quoting J2FcM
so Ademac, would you say our TF on our charts may destine us to lose certain trades, and make certain bad trades? In the grand scheme it balances out? or are you sayingI should pick a MT4 data feed that suits me better? or do I just try to put words in your mouth...
I have a personal bias towards GMT time, I have not tested any other TF so i cannot say if one is better than another. I would hope it balances out in the end, As i said it is a theory i have no facts to back it up.

Enjoy
Ademac
  • #200
  • Oct 4, 2007 2:14am Oct 4, 2007 2:14am
a learner's two cents.. will i be right in saying the 2nd pin doesnt really stick its nose out all that much from the immediate surrounding price? and also i suppose it doesnt meet ademac's 35% rule.



Quoting ademac
The first one is in the middle of traffic and if you took it you would likely end up road kill.

The second one is just a time frame issue. Now i am not saying your charts are wrong, cause all the chart is is a record of price movement for 24hrs. I have a theory regarding TF basically with Europe & the USA being the busy time. i want my bar close to be in the quiet time between the US close and the European open. this way i get a good idea of what the market did for the previous trading day.

Enjoy
Ademac
0 traders viewing now