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Attachments: Daily PIN Bars
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Daily PIN Bars

Thanks, makes sense...

Quoting diggsnoob
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.
PB formed on NZD/USD pair. Seems to go with the overall LONG term trend.
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Did you take the trade? What is your take profit?

8000, onwards look good. depends on the market.
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Sell GU?

A Pin Bar right off the upper trendline.
Take a look at the monthly chart and March was a bearish pin bar. This stops me personally taking Daily/Weekly longs on NZDUSD for now. Doesn't mean that price won't go up but it's saying price is having difficulty moving higher.

Quoting jamesbond007700
PB formed on NZD/USD pair. Seems to go with the overall LONG term trend.
But be ready to get out at the obvious PPZ

Quoting arhemsi
Attachment

Sell GU?

A Pin Bar right off the upper trendline.
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Quoting Tiki Trader
But be ready to get out at the obvious PPZ
Thanks Tiki....I always expect take profit target when trading off the daily pin bar to be in the region of hundreds of pips. But your warning and your chart of the PPZ area has to some extent brought some reality of trading to my mind.

There seems to be a pb on the four hour chart of nzd/usd
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usd cad four hour
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gbp/usd 4h
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usd/chf 4 h
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Greetings everyone.

As this thread is all about price action, I would think that having an absolute 'clean' and accurate price feed is of the absolute importance.

Could I draw your attention If I may to my thread, it's about the ability of having an EBS feed combined with MT4 charting.

http://www.forexfactory.com/showthread.php?t=107441

Thank you.
Nice daily pinbar, closed a bit above the resistance line. Stoch is OB.
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  • Post #455
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  • Last Post: Mar 25, 2009 12:44pm Mar 25, 2009 12:44pm
Quoting xrbor
Nice daily pinbar, closed a bit above the resistance line. Stoch is OB.

Watch today's close. If it is higher than 132.60 it will negate yesterday's pin bar because today's eye would be higher than the pin bar's body.

GREEN PIPS to All
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