Looks like a possible PB on the 4H GBP/CHF
james16 Chart Thread
- #26,942
- Apr 14, 2009 6:20am Apr 14, 2009 6:20am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Tempting 1 hr pinbar on cable at major resistance too as u can see from the daily chart. I've only taken a short on demo cos the trend is up so prefer not to trade against trend with real money.
Thing is you can't be too "pro-trend" if you love pin bars cuz they work best as trend reversal indicators and will obviously be A+ mostly when on a swing high of an uptrend and swing low of a downtrend...
Not to say this would reverse the entire trend but these can be powerful for some and in other cases lot's of pips.
However make sure you just focus on longer term trading (daily and above) during the first few months. so all these setups no matter how A+ need to stay on the demo till you can prove yourself on the daily, once you do it you can then move on to the 4H and achieve the same consistency here, and when this is done you can finally graduate to the 1H. It looks monotonous and long but it really is the best approach you can adopt in order to achieve the goal of consistent account growth.
Regards,
Ghous.
I believe . . .
- #26,944
- Apr 14, 2009 6:23am Apr 14, 2009 6:23am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I pulled off my Usd/cad pending order as I had to urgently leave for a few hours but since this puppy had already started wagging it's tail I made sure I tethered it safely and decided to keep this cutie 
Was watching this for quite some time....
Regards,
Ghous.
Was watching this for quite some time....
Regards,
Ghous.
I believe . . .
- #26,945
- Apr 14, 2009 6:28am Apr 14, 2009 6:28am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #26,947
- Apr 14, 2009 6:37am Apr 14, 2009 6:37am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #26,949
- Edited 7:19am Apr 14, 2009 6:54am | Edited 7:19am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #26,951
- Apr 14, 2009 7:13am Apr 14, 2009 7:13am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Is anyone watching the nzd/usd? looks like it hit a major ppz around the 60 level.
I like that under construction 2day Pin bar.
I believe . . .
- #26,952
- Apr 14, 2009 7:15am Apr 14, 2009 7:15am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #26,953
- Apr 14, 2009 7:16am Apr 14, 2009 7:16am
Very nice Billy,
Thing is you can't be too "pro-trend" if you love pin bars cuz they work best as trend reversal indicators and will obviously be A+ mostly when on a swing high of an uptrend and swing low of a downtrend...
Not to say this would reverse the entire trend but these can be powerful for some and in other cases lot's of pips.
However make sure you just focus on longer term trading (daily and above) during the first few months. so all these setups no matter how A+ need to stay on the demo till you can prove yourself...
- #26,954
- Apr 14, 2009 7:17am Apr 14, 2009 7:17am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
USHCHF H4 pin - is it tradable - i have a zone but unsure of location
(kindly use a chart whenever you refer to anything on the mt4...)
I believe . . .
- #26,956
- Apr 14, 2009 7:26am Apr 14, 2009 7:26am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
hey guys,
just wanted to post my only trade for today .
cheers
(missed that beauty myself!
)
I believe . . .
- #26,957
- Apr 14, 2009 7:27am Apr 14, 2009 7:27am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
Are you referring to the IPB?
(kindly use a chart whenever you refer to anything on the mt4...)
