Daily PIN Bars | Page 11 | 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

  • #201
  • Edited 4:30am Oct 4, 2007 4:07am | Edited 4:30am
Quoting coolshades
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.

Coolshades,
Have to agree with you here......not a pin in my book....!

J2FcM,
Maybe Ademac's got a point here.........again it's strange how different feeds show information there's no pin on my charts for these either ???????

Both are oscillating markets in my view also so would not play them...!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_jpy.gif Size: 16 KB
Click to Enlarge Name: chf_jpy.gif Size: 16 KB
  • #202
  • Oct 4, 2007 11:50am Oct 4, 2007 11:50am
Yeah - both of those pins ARE a bit smallish when compared to the surroundings. Also, niether of BREAK THROUGH resistance... they more of bounce off it...

I would say if they were bigger they would be better for 2 reasons.

1 - they would be of a size that is more signifigant compared to their surroundings.

2 - They would have tested resistance (piercing it and coming back down), as opposed to merely ricocheting off it.

woo woo.
"Please sir, may I have some more pips?"
  • #203
  • Oct 7, 2007 9:14pm Oct 7, 2007 9:14pm
Today Monday I have set to go long with a break of the EURUSD daily PB and SL at the base of the PB. It appears to me to have broken out of the counter trend channel on the 4hr TF and there appears to be support at the 1.1400 level. If it moves back long in the direction of the main trend, well and good, if it moves back in the counter trend channel, then for me, it will be a case of no trade, no setup.
Good trading to all. Ray
Attached Images
  • #204
  • Oct 10, 2007 4:13am Oct 10, 2007 4:13am
Posted on James 16 about pin on GBP_JPY anyone in on this one ????
  • #205
  • Oct 10, 2007 4:31am Oct 10, 2007 4:31am
Yes, Also the NZD/JPY and the CHF/JPY
  • #206
  • Oct 10, 2007 4:53am Oct 10, 2007 4:53am
Quoting ademac
Yes, Also the NZD/JPY and the CHF/JPY
Hi Admeac,
I can see the pin on CHF_JPY but NZD (pin 2) is a bit iffiy on my feed......not really a pin ???
What do you think, certaily does not meet the 35% rule.
Or is it pin 1 you are running off.....?

Any thoughts....
Attached Image (click to enlarge)
Click to Enlarge Name: nzy_jpy.gif Size: 19 KB
  • #207
  • Oct 10, 2007 3:26pm Oct 10, 2007 3:26pm
wouldnt you call the chfjpy pin formed in traffic? and also a pin that confirms current trend would qualify as a tradeable pin?

Quoting ademac
Yes, Also the NZD/JPY and the CHF/JPY
Attached Image
  • #208
  • Oct 10, 2007 3:57pm Oct 10, 2007 3:57pm
on current daily candle? wld that be a valid one confirming trend?

Quoting mimas
Posted on James 16 about pin on GBP_JPY anyone in on this one ????
  • #209
  • Oct 10, 2007 5:40pm Oct 10, 2007 5:40pm
Quoting coolshades
wouldnt you call the chfjpy pin formed in traffic? and also a pin that confirms current trend would qualify as a tradeable pin?
Hey Coolshades,

Yes you could say that that PB formed in traffic. But i will also point out some other things that give the trade an edge.

  1. Rising short term trend line.
  2. Has crossed a weekly PPZ
  3. PPZ bounce

Now i wouldn't recommend going out and trading this sort of PB blindly but I look for things to suggest that it could be traded with sum assurance of success. I also accept that it might not work out an i will lose. I would call this a "B" trade but have found through testing that if traded correctly it is a profitable setup.

Enjoy
Ademac

Attached Image (click to enlarge)
Click to Enlarge Name: chf-jpy.gif Size: 11 KB
  • #210
  • Oct 10, 2007 5:50pm Oct 10, 2007 5:50pm
Quoting mimas
Hi Admeac,
I can see the pin on CHF_JPY but NZD (pin 2) is a bit iffiy on my feed......not really a pin ???
What do you think, certaily does not meet the 35% rule.
Or is it pin 1 you are running off.....?

Any thoughts....
Hey Mate,

It is simply a matter of TF.

Enjoy
Ademac
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy.gif Size: 7 KB
  • #211
  • Oct 10, 2007 5:55pm Oct 10, 2007 5:55pm
Quoting coolshades
on current daily candle? wld that be a valid one confirming trend?
You could trade it, but have you done your testing to ensure you know how to trade it????
  • #212
  • Oct 11, 2007 1:16pm Oct 11, 2007 1:16pm
Quoting ademac
Hey Coolshades,

Yes you could say that that PB formed in traffic. But i will also point out some other things that give the trade an edge.

  1. Rising short term trend line.
  2. Has crossed a weekly PPZ
  3. PPZ bounce

Now i wouldn't recommend going out and trading this sort of PB blindly but I look for things to suggest that it could be traded with sum assurance of success. I also accept that it might not work out an i will lose. I would call this a "B" trade but have found through testing that if traded correctly it is a profitable setup.

Enjoy
Ademac

Hey Ademac... Can you give me any further incite on what a weekly PPZ is? Is it a PPZ that you created looking at a weekly time frame? Or is it a PPZ that just looks at the last weeks worth of bars off of a daily time frame? or is it something you are computing?
"Please sir, may I have some more pips?"
  • #213
  • Oct 11, 2007 5:47pm Oct 11, 2007 5:47pm
Quoting J2FcM
Hey Ademac... Can you give me any further incite on what a weekly PPZ is? Is it a PPZ that you created looking at a weekly time frame? Or is it a PPZ that just looks at the last weeks worth of bars off of a daily time frame? or is it something you are computing?
Is it a PPZ that you created looking at a weekly time frame
  • #214
  • Oct 12, 2007 12:32pm Oct 12, 2007 12:32pm
roger that! You confirmed my suspicion! - eliminated room for error! excellent
"Please sir, may I have some more pips?"
  • #215
  • Nov 1, 2007 6:39pm Nov 1, 2007 6:39pm
Daily PB GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 10 KB
  • #216
  • Nov 2, 2007 4:12pm Nov 2, 2007 4:12pm
In FX works all the time and this is certainly a PB that did not work. Price went up 120 pips today. Unfortunately I went short last night and lost 80 pips.
Consistency and patience is everything
  • #217
  • Nov 2, 2007 4:19pm Nov 2, 2007 4:19pm
Quoting Geldmeister
In FX works all the time and this is certainly a PB that did not work. Price went up 120 pips today. Unfortunately I went short last night and lost 80 pips.
well for those that wait for a break of the low(a pin isn't valid until that low is broken), it never broke and would have kept you safe. But if your trade plan says to enter otherwise, then we just move on.
  • #218
  • Nov 2, 2007 5:08pm Nov 2, 2007 5:08pm
10 pips past the low of the pin is when I would've considered jumping in if all else jived together in my head.
"Please sir, may I have some more pips?"
  • #219
  • Nov 2, 2007 6:04pm Nov 2, 2007 6:04pm
But nothing like that was jiving today !!!!

Quoting J2FcM
10 pips past the low of the pin is when I would've considered jumping in if all else jived together in my head.
  • #220
  • Nov 4, 2007 4:59pm Nov 4, 2007 4:59pm
Quoting mbqb11
well for those that wait for a break of the low(a pin isn't valid until that low is broken), it never broke and would have kept you safe. But if your trade plan says to enter otherwise, then we just move on.
Thanks for your reply! must admit that I did not know that rule.
Consistency and patience is everything
0 traders viewing now