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Daily PIN Bars

  • #221
  • Nov 7, 2007 3:57pm Nov 7, 2007 3:57pm
Daily PN on EUR/GBP open and close too low... price is ranging so PB in traffic, or at least not in a good location... imho
Attached Image (click to enlarge)
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  • #222
  • Nov 7, 2007 4:17pm Nov 7, 2007 4:17pm
Quoting Tiki Trader
Daily PN on EUR/GBP open and close too low... price is ranging so PB in traffic, or at least not in a good location... imho
My thoughts Tiki

Enjoy
Ademac
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.gif Size: 14 KB
  • #223
  • Nov 8, 2007 10:35am Nov 8, 2007 10:35am
yah!

I'm a little late in posting that I totally agree with Mr. Ademac's thoughts... (which I hoped so because he's taught me a few good PB things).

and before sending this post, I can see at work via FXCM's charts that price has in fact begun its drop. I'd look for it to go down another 58ish pips, its at 6958, so we'll say a nice even bounce at 6900 (if there is a bounce, otherwise its a pierce that falls mucho lower)
"Please sir, may I have some more pips?"
  • #224
  • Nov 8, 2007 10:43am Nov 8, 2007 10:43am
btw - would anyone have took that Pin Bar for the chance at 50-100 pips?

Traffic is an automatic letter grade deduction (according to my current rule set), but it is also in a very patternriffic traffic area, with clear resistance and support... so... I'd have to checkout my MT4 at home before I made the decision.
"Please sir, may I have some more pips?"
  • #225
  • Nov 8, 2007 2:46pm Nov 8, 2007 2:46pm
Quoting J2FcM
btw - would anyone have took that Pin Bar for the chance at 50-100 pips?

Traffic is an automatic letter grade deduction (according to my current rule set), but it is also in a very patternriffic traffic area, with clear resistance and support... so... I'd have to checkout my MT4 at home before I made the decision.
J2FcM, Yes I am trading on that PB as it meets my requirements for a trade able PB. If it works i get back what i put in if it doesn't i lose less than my 1% risked due to the way i manage my trades. Enjoy Ademac
  • #226
  • Nov 8, 2007 3:00pm Nov 8, 2007 3:00pm
Nice... I am hoping price hovers a few more hours so I can get home and check this thing out on my charts... It has yet to break my 10-15 pips below the pin bar, so if it just stays put!
"Please sir, may I have some more pips?"
  • #227
  • Nov 8, 2007 3:15pm Nov 8, 2007 3:15pm
I am still not convinced on this PB... perhaps it has fired off or not depending on how you trade... but if it has not fired off... isn't the rule to cancel the order if the PB does not fire off on the next candle after the PB ???

I agree there is chances to get the 50 or 60 pips... but looking less likley as we go along... upwards going triangle... I say more and more looks like a pennant situation with more likely chanc to break out upwards soon... ( though maybe after the PB does its job and gets some pips...

I am staying off this one... this is clearly in a ranging period where chances are not so good...
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 10 KB
  • #228
  • Nov 8, 2007 3:16pm Nov 8, 2007 3:16pm
Quoting Tiki Trader
I am still not convinced on this PB... perhaps it has fired off or not depending on how you trade... but if it has not fired off... isn't the rule to cancel the order if the PB does not fire off on the next candle after the PB ???

I agree there is chances to get the 50 or 60 pips... but looking less likley as we go along... upwards going triangle... I say more and more looks like a pennant situation with more likely chanc to break out upwards soon... ( though maybe after the PB does its job and gets some pips...

I am staying off this one... this is clearly in a ranging period where chances are not so good...
tiki your thought process is really starting to impress me What a difference a few weeks makes
  • #229
  • Nov 8, 2007 3:30pm Nov 8, 2007 3:30pm
Hello, i know this might sound off topic as this is a forex forum on a forex site so pardon me if u dont agree me posting this here, but we have a NICE pin bar on the daily gold chart. can somebody check it out. i personally dont TRADE gold but those who can might benefit from a lil retracement. also can anyone post chart here?
  • #230
  • Nov 8, 2007 3:36pm Nov 8, 2007 3:36pm
What (platform\website\etc..) are you looking at? I'd like to check those charts out

(and I think its all good to post about those pin bars on Gold, etc.. as well.)
"Please sir, may I have some more pips?"
  • #231
  • Nov 8, 2007 3:43pm Nov 8, 2007 3:43pm
Quoting J2FcM
What are you looking at? I'd like to check those charts out

(and I think its all good to post about those pin bars on Gold, etc.. as well.)
I guess one can only upload charts in zip format and i dont have winzip on this comp> maybe when i get home. or u can check it out at (dont know if its unappropriate to post other links here< if it is sorry)livecharts.co.uk
  • #232
  • Nov 8, 2007 4:04pm Nov 8, 2007 4:04pm
Quoting jamesbond007700
Hello, i know this might sound off topic as this is a forex forum on a forex site so pardon me if u dont agree me posting this here, but we have a NICE pin bar on the daily gold chart. can somebody check it out. i personally dont TRADE gold but those who can might benefit from a lil retracement. also can anyone post chart here?
Gold PB, Have included my thoughts in the Pic
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 10 KB
  • #233
  • Nov 8, 2007 4:21pm Nov 8, 2007 4:21pm
Here's on for you all to ponder.
The 4 Day PB ????
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  • #234
  • Nov 8, 2007 5:34pm Nov 8, 2007 5:34pm
The gold PB is not a good PB, period !!!

But I would really like to know where you get a gold chart on mt4...!!!

4 Day CAD PB.... hmmmmmmmmmmmm maybe, BUT that big ol stop you would have to have, and the trend is not going to stop on a dime... The 4 day also is against the trend... learned my lesson there too... but it looks pretty cool... !!! I see the spike down and then back up, but it seems it was just a big fake out spike and now we are back right where we were, and continuing slowly down...

OKOK, sorry if I am just looking for excuses not to trade PBs tonight...
  • #235
  • Nov 8, 2007 5:38pm Nov 8, 2007 5:38pm
OK, well now that I look again... the CAD looks cute on weekly charts !! I was looking on daily...

But that's about a 500 pip stop there... that means even to risk 3% on that, I could only trade 12 cents a pip on my account... and 1% would be better, and that's only 4 cents a pip..., man look how many weeks I probably would have to wait to get something out of it... ya ya excuses excuses !!!
  • #236
  • Nov 8, 2007 5:40pm Nov 8, 2007 5:40pm
Quoting ademac
Gold PB, Have included my thoughts in the Pic
hi i was looking at chart from diff. source. i agree with u that there is no pb in the chart u posted. cud u look at the chart on the site i posted earlier?maybe its diff cos they have diff. times or something i dont know.
  • #237
  • Nov 8, 2007 5:43pm Nov 8, 2007 5:43pm
But you know... if price moves a little higher tomorrow... it might turn into a really nice weekly PB... worth taking a little chance on... especially if the scenario of raczekfx pans out that oil will not make it to $ 100 and falls over the next couple of months...

hmmmmmmmmmmmmmmmmmmmmmmmmmmmm !!!!

Quoting ademac
Here's on for you all to ponder.
The 4 Day PB ????
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 8 KB
  • #238
  • Nov 8, 2007 5:57pm Nov 8, 2007 5:57pm
Quoting Tiki Trader
But you know... if price moves a little higher tomorrow... it might turn into a really nice weekly PB... worth taking a little chance on... especially if the scenario of raczekfx pans out that oil will not make it to $ 100 and falls over the next couple of months...

hmmmmmmmmmmmmmmmmmmmmmmmmmmmm !!!!
Hi, I am trying to attach a chart. Lets see if it works. Also the last bar to the right was not there when i first posted. guess it has some delayed data or something i am not sure. Anyways here it is.
Attached File(s)
File Type: zip xauusd.zip   24 KB | 274 downloads
  • #239
  • Nov 8, 2007 6:01pm Nov 8, 2007 6:01pm
Quoting jamesbond007700
Hi, I am trying to attach a chart. Lets see if it works. Also the last bar to the right was not there when i first posted. guess it has some delayed data or something i am not sure. Anyways here it is.
so in effect i was looking at the 3rd last candle of the chart ademac posted.
  • #240
  • Nov 8, 2007 7:14pm Nov 8, 2007 7:14pm
Quoting jamesbond007700
so in effect i was looking at the 3rd last candle of the chart ademac posted.
Looks like the chart is on GMT time. Yes the 3rd Last bar was a good looking PB but the 2nd last bar killed it.
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