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Daily PIN Bars

  • #421
  • Jan 18, 2008 1:49pm Jan 18, 2008 1:49pm
yeah - I wouldn't consider it a PB because of the traffic. Wait a trough.
"Please sir, may I have some more pips?"
  • #422
  • Jan 29, 2008 1:31pm Jan 29, 2008 1:31pm
possible pb on 4h?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.GIF Size: 35 KB
  • #423
  • Jan 30, 2008 10:21am Jan 30, 2008 10:21am
yup, thats a PB alright.
My only issue with it is the market seems a little confused.
Things have already dropped below the 61% Fib retracement on the daily. And price would have to break up through some important EMA's, along with a downward trendline that price has been respecting whenever it gets near.
I would watch for a daily PB (which may be developing), or carefully play the one you pointed out.
"Please sir, may I have some more pips?"
  • #424
  • Jan 30, 2008 10:34am Jan 30, 2008 10:34am
Looks alright, but i'd wait, myself. The Pin seems ok, but I woulldnt touch anything before the FOMC today....
  • #425
  • Jan 31, 2008 9:31am Jan 31, 2008 9:31am
I see pips coming....!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 10 KB
  • #426
  • Jan 31, 2008 9:43am Jan 31, 2008 9:43am
pips are beautiful things sometimes.

The USD CAD proved correct, too bad I gave my computer a break and decided to sleep. at the same time. I missed it.
"Please sir, may I have some more pips?"
  • #427
  • Feb 6, 2008 9:33pm Feb 6, 2008 9:33pm
there is good looking pb on 4-h nzd/usd
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.GIF Size: 20 KB
  • #428
  • Feb 6, 2008 9:58pm Feb 6, 2008 9:58pm
Interestingly enough neither Oanda 3hr nor AlpariMT4 4 hr print out the candle as a pinbar.
  • #429
  • Feb 6, 2008 10:21pm Feb 6, 2008 10:21pm
the time of the candle is open at 3 pm and close at 7 pm est. high 7895. can any one else confirm?
  • #430
  • Feb 7, 2008 5:31pm Feb 7, 2008 5:31pm
High -
.7923
"Please sir, may I have some more pips?"
  • #431
  • Feb 14, 2008 5:57pm Feb 14, 2008 5:57pm
gbp/jpy small pin and possibility of divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.GIF Size: 44 KB
  • #432
  • Feb 14, 2008 6:41pm Feb 14, 2008 6:41pm
Hey 007,

Yeah this PB is a bit on the small side but on the plus side it has formed of a good S&R level. there is some traffic in the area it is shapping to move into so be careful. aside from that enjoy the trade and check out the AUD/JPY & NZD/JPY and if you are really keen check the EUR/JPY.

Enjoy
Ademac
  • #433
  • Feb 14, 2008 9:45pm Feb 14, 2008 9:45pm
Coincidentally in doing some Gann calculations yesterday on the G/Y I noticed that the price 213.09 was a resistance line. Came home tonight to find that price penetrated and pulled back below that price line.
  • #434
  • Feb 27, 2008 5:27pm Feb 27, 2008 5:27pm
A small potential pb formed on daily on usd/cad at the price which was also supported on 12/28/07 so kinda double bottom. also check out gbp/usd but looks more like a hammer formed at a good resistance level. oscillators on both pairs trending opposite though(maybe as expected).
  • #435
  • Mar 14, 2008 8:07pm Mar 14, 2008 8:07pm
there seems to be a good pb at a good resistance level on daily usd/cad pair
  • #436
  • Mar 16, 2008 6:17pm Mar 16, 2008 6:17pm
Quoting jamesbond007700
there seems to be a good pb at a good resistance level on daily usd/cad pair
Its in traffic, but you are right about the good resistance level on daily Its even there on the weekly but a bit lower. Weekly has shown an IB IB.

Will probably work due to USD weakness.

All in all, i will pass on this one.

Enjoy
Ademac
  • #437
  • Mar 17, 2008 4:55pm Mar 17, 2008 4:55pm
Looks like a nice daily PB on the Eur/Usd.... Afraid to take it on, ahead of the FMOC meeting tomorrow...
  • #438
  • Mar 17, 2008 7:49pm Mar 17, 2008 7:49pm
Quoting EricthePip
Looks like a nice daily PB on the Eur/Usd.... Afraid to take it on, ahead of the FMOC meeting tomorrow...
If you think that is hard look at the EUR/CHF and USD/CHF they too have PB's so we now have a triangle of PB's.

That said the EUR/USD PB is a good PB as:

  1. Swing High
  2. 35% Rule
  3. All time high

In the end you need to demo trade until your profitable first then you will have the confidence and the knowledge of what to do in a situation like this.

Enjoy
Ademac

  • #439
  • Mar 17, 2008 9:18pm Mar 17, 2008 9:18pm
Thanks demoing already in the 4hr and 1day. Don't trade on with big news pending.... Where can I read these rules (35%, etc)...

Thanks,
Eric



Quoting ademac
If you think that is hard look at the EUR/CHF and USD/CHF they too have PB's so we now have a triangle of PB's.

That said the EUR/USD PB is a good PB as:

  1. Swing High
  2. 35% Rule
  3. All time high

In the end you need to demo trade until your profitable first then you will have the confidence and the knowledge of what to do in a situation like this.

Enjoy
Ademac

  • #440
  • Mar 18, 2008 11:07am Mar 18, 2008 11:07am
Quoting EricthePip
Thanks demoing already in the 4hr and 1day. Don't trade on with big news pending.... Where can I read these rules (35%, etc)...

Thanks,
Eric
Hey Eric,

I believe those are Ademac's own personal rules. From following his journal and other posts, he only takes pins where the the open and close are within the lower 35% of the bar at a swing high, and vice versa for low.
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