Pin Bar on Daily UsdJpy. Entered short at 120.54. Target = weekly pivot. Hope this week is going to start better than last week.
Keeping it Simple
Hope your 120.54 short entry works out. You seem to favour retrace entries on the pins like this. I'm curious what was your entry criteria. Was it the 78% retrace (120.55) of the daily pin? I was considering the break of the 1h pin (low of 120.41) in the direction of the daily pin (1h is not a true pin, but within 1 pip of a true pin). But I'm gun shy as still learning pa and not confident of market moves with US holiday and JPY interest rate decision looming.
since it's sunday/monday i waited for 4hour break and will hold it as long as things look good. We shall see. I tend to stay on the 4hr dailys at the start of a week. Then as things get going move to the lower time frames. Just something I do LOL.
DislikedI think GBPUSD still have a potential to go long. It retested s/r line on 4H chart (unfortunately canít upload image). Have buy stop at 1.9668, targeting 1.9700 Ė resistance line plus psychological level.Ignored
DislikedI also have my Buy Stop set their but aiming for 1.9755 level for TP. But I have no idea what I'm doing.
Maybe the pros can help out here. Mike, Habeeb?Ignored
DislikedPin Bar on Daily UsdJpy. Entered short at 120.54. Target = weekly pivot. Hope this week is going to start better than last week.Ignored
DislikedPersonally entered at the round number 120.50 targetting 119.20 as 1st port of call. A break of 120 should accelerate this.Ignored
DislikedDid anyone trade the 4hr pin on cable then?? I got in on the 61.8 retrace and rode it all the way down got a bit twitchy and closed it for +80 pips!! I love this!!Ignored
Dislikedcheers mate, is the 61.8 retrace the best place to get in or should i have looked to take the trade sooner at the 50??Ignored
DislikedI have been wondering the same thing myself. I would guess that most ppl enter on a 50% retrace but views from the major players on this thread would be much appreciated.Ignored
Dislikedis it possible to use Candlesticks instead of bar chart? Bar takes a longer time to readIgnored