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  • #121
  • Sep 27, 2005 3:50am Sep 27, 2005 3:50am
I was gonna say the same thing.
Keeping it Simple
  • #122
  • Edited 7:02am Sep 28, 2005 6:56am | Edited 7:02am
Got a jump on this Pin Bar. Entered right at the bottom of the nose (1.7640). At that time it was nowhere close to a Pin Bar, but it was at yesterdays low. Was willing to lose 9 pips on this trade (spread plus 5). Turned out good. Stop at B/E at the moment.

http://www.forexfactory.com/forexfor...tid=1039&stc=1
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Keeping it Simple
  • #123
  • Oct 3, 2005 7:04am Oct 3, 2005 7:04am
Hi,
last week was a bad week for me. Found and took every bad trade. Thank God it was "only" on demo. In Sept. I was up 20% and now break even again.
Here is a new chart with declining triangle or falling wedge. Perhaps we'll see a break up/down.
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  • #124
  • Oct 3, 2005 8:18am Oct 3, 2005 8:18am
On 15 min we have an ascending trinagle.
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  • #125
  • Oct 5, 2005 5:20am Oct 5, 2005 5:20am
DBHLC on hourly chart (with 1 pip difference in highs)
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  • #126
  • Oct 5, 2005 10:19am Oct 5, 2005 10:19am
Th_Wenzel,
I missed that trade. Did get in at the bottom though.

http://www.forexfactory.com/forexfor...tid=1169&stc=1
Attached Image
Keeping it Simple
  • #127
  • Oct 5, 2005 10:29am Oct 5, 2005 10:29am
well done! You entries were healthier than mine.
I missed this pin bar.
At 1.7603 my order was executed and later at 1.7628 took prifit
kiss the trend
  • #128
  • Oct 5, 2005 11:38am Oct 5, 2005 11:38am
Hi guys,
cangrats to you. I missed all this trades, because the last few trading days have been so bad for me, I've lost all my confidence. I didn't want to trade any more even on demo (I was close to throw my PC out of the window ).


No pains, no gains!

Thomas
  • #129
  • Oct 5, 2005 4:10pm Oct 5, 2005 4:10pm
sorry to hear about your bad week Wenzel. I know what it's like when everything goes wrong. Take a break, and start again from the beginning, starting with one trade with minimum lots, and minimum profit.

Good Luck
Habeeb
Keeping it Simple
  • #130
  • Edited 12:12am Oct 7, 2005 12:04am | Edited 12:12am
A tricky decision on cable at the moment. A pin bar formation on the 4hr, but good support at the bottom of the second eye (1.7752). We've got 3 fibo levels, a daily pivot, and a trendline support at the bottom of this pin bar, so, I'm staying out of this one.

Market might just be range bound till NFP release today. Maybe, in anticipating extremely bad figures, market will be headed up once again before the NFP release.

http://www.forexfactory.com/forexfor...tid=1237&stc=1
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Keeping it Simple
  • #131
  • Oct 7, 2005 12:50am Oct 7, 2005 12:50am
been sitting here thinking about the stuff i have posted on the main forum. trading pin bars is an acquired talent and frankly i trade them several ways i have never shared. this is how i will be teaching and trading them on the pf. when you get a primo pin, that being at an extreme, not in traffic place a buy or sell stop just beyond the nose. dont jack with it. when its gone your way a short distance put your stop at BE. here is a chart.
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  • #132
  • Oct 7, 2005 1:20am Oct 7, 2005 1:20am
Quote
been sitting here thinking about the stuff i have posted on the main forum. trading pin bars is an acquired talent and frankly i trade them several ways i have never shared. this is how i will be teaching and trading them on the pf. when you get a primo pin, that being at an extreme, not in traffic place a buy or sell stop just beyond the nose. dont jack with it. when its gone your way a short distance put your stop at BE. here is a chart.

You've mentioned this before (not exact same stuff) ... entering a pin bar trade if the nose closes at the close of the first eye, or very close to it. The "pin not in traffic" is a new one. Will keep that in mind, Thanx.

much appreciated
Habeeb

.... entered long on 1.7755 .... 15 pip stop
Keeping it Simple
  • #133
  • Oct 7, 2005 1:57am Oct 7, 2005 1:57am
Stopped out, should've moved stops to BE. That "stranded pin" was strong.
Keeping it Simple
  • #134
  • Oct 7, 2005 2:28am Oct 7, 2005 2:28am
Cable is the only one getting a whipping from the dollar. Down 100 pips already since the day's open. Anybody know why?
Keeping it Simple
  • #135
  • Oct 7, 2005 2:39am Oct 7, 2005 2:39am
http://www.forexfactory.com/forexfor...tid=1239&stc=1.
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Keeping it Simple
  • #136
  • Oct 7, 2005 2:43am Oct 7, 2005 2:43am
Quoting habeeb
You've mentioned this before (not exact same stuff) ... entering a pin bar trade if the nose closes at the close of the first eye, or very close to it. The "pin not in traffic" is a new one. Will keep that in mind, Thanx.

much appreciated
Habeeb

.... entered long on 1.7755 .... 15 pip stop
what i mean by not in traffic is what i have said many times. all pin bars are not created equal. i have always said that the best time and actually the only time i play them is at swing highs or lows or at support and resistance levels. i have also said that i very rarely play them on less than 4 hr charts and i trade 80 percent of them on daily charts. next would be the longer the nose the better. after all remember its the long nose that gives it its name. just because the open and close are inside the first eye does not make it a pin bar it must have the potruding nose. there is a fine line between a pin bar and a neutral bar. this is what has always concerned me about you guys trading them. i cant really do justice on the main forum which was one of the early reasons for considering a private forum. your a good trader habeeb its the new folks i get concerned about.
  • #137
  • Oct 7, 2005 2:58am Oct 7, 2005 2:58am
Quoting james16
this is how i will be teaching and trading them on the pf.
I guess how many FF members are looking forward to your Forum (consider me with them too )

thanks
777
kiss the trend
  • #138
  • Oct 7, 2005 3:05am Oct 7, 2005 3:05am
Cable playing the fool today. Went down to the R1 pivot, and seems to be turning around. On the M15 chart we've got a BOVB (bullish outside vertical bar) forming. Looks like a pin bar forming on the 1hr chart, which might lead to a pin forming on the 4hr later.

Quote
your a good trader habeeb...

Far from good .... still learning. Can't wait for the PF to commence.
Keeping it Simple
  • #139
  • Oct 7, 2005 5:45pm Oct 7, 2005 5:45pm
http://www.forexfactory.com/forexfor...tid=1244&stc=1

Today was a really bad day. Nothing went right but I've only got myself to blame. The signs were there but I didn't pay attention to them. I was just seeing things like I WANTED to see them. As the chart above shows, a pin bar at the top, a double bottom with very good support, that WAS broken, and resulted in a 177 pip drop. Although I don't use indicators, but this time, even the Stochastics was overbought.

The sad part of today ... not one short position ... why???, because I traded according to what I wanted to happen, and not what is happenning.

Fortunately, this week was traded on demo (trying mini challenge) and not real. With all the above said, I'm looking forward to next week, with a new outlook ... TRADE IT AS IT IS.

Have a lekker weekend
Habeeb
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Keeping it Simple
  • #140
  • Oct 8, 2005 4:45am Oct 8, 2005 4:45am
Hi Habeeb,
Quoting habeeb
... because I traded according to what I wanted to happen, and not what is happenning.
Can I ask what you wanted to happen and what supported your decision at that time?

Regards
Alan
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