Price seems choopy before the Pin B, no significant swing down in this swing, still a valid signal Jankone?
Attached Image (click to enlarge)
- #1,664
- Oct 23, 2009 10:29am Oct 23, 2009 10:29am
did you trade the pin bar with the arrow?
Oh god
please and again please, stop trade small shippy pinbars..actually it's not even pinbar, it is some little normal bar...
Oh god
please and again please, stop trade small shippy pinbars..actually it's not even pinbar, it is some little normal bar...
EURGBP
long on a pin.
To be honest a rubbish trade and I deserved to loose it.
No trend established (other than earlier news)
This will teach me to pick trades actually according to the rules. coming of the bottom BB band was ok but I treated it as a with trend trade and it really wasn't.
Its ok I feel I have learn't something from this and reinforced the need to trade like this on the SU SD days ryan talks about. If your gonna trade in non trending markets make sure you have div with you.
Bit quiet in here today?
Tom
- #1,666
- Oct 23, 2009 11:44am Oct 23, 2009 11:44am
yes this one was one. wanted to post too.
you are faster than light
good job man
you are faster than light
good job man
2 trades on eur/usd 5m today.
entered on break of pins and took profit in blue zone.
stop under 1.5000 round number / pivot level.
- #1,667
- Oct 23, 2009 12:26pm Oct 23, 2009 12:26pm
did you trade the pin bar with the arrow?
Oh god
please and again please, stop trade small shippy pinbars..actually it's not even pinbar, it is some little normal bar...
You'd think I would have learnt by now wouldn't you...
Think I've got it now.
Tom
yes, but you just see it, how it looks vs previous bars and WHERE it is..... it will come with experience and some kind of feeling...
I think demo or small trade account is good start...!
i post really much charts and i trade usually pinbars that are big and AT swing low,swing high, i dont trade some 6 pips funny bars something between doji/ sick pin bar and sideways market...
I know why = IT MAKES MONEY
Once again - i think to get good in reading charts and good setups is 1st step and it's easiest thing.
Be a good trader with patience, ignoring your greed, fear and be disciplined is much harder.
but everything is possible.
I think demo or small trade account is good start...!
i post really much charts and i trade usually pinbars that are big and AT swing low,swing high, i dont trade some 6 pips funny bars something between doji/ sick pin bar and sideways market...
I know why = IT MAKES MONEY
Once again - i think to get good in reading charts and good setups is 1st step and it's easiest thing.
Be a good trader with patience, ignoring your greed, fear and be disciplined is much harder.
but everything is possible.
LOL!!! your right I should have a minimum pin bar size of like 20 pips or something before I trade... that one was a small 8...
You'd think I would have learnt by now wouldn't you...
Think I've got it now.
Tom
Yes, pin bar is nice, location is nice. but you know, it's counter trade and i said many times that you need DIV.
If you will trade ct without div, you will delete your account, sooner or later.
It's simple, just add div and you will be good.
If you will trade ct without div, you will delete your account, sooner or later.
It's simple, just add div and you will be good.
I entered this (demo) trade after the pin bar long (counter-trend) because the pin bar formed at the daily pivot after a slow run down (retracement from the overall trend up). Entry was on the next candle after it broke the pin bar. I exited as the bar crossed the previous day's high of 1.5040. I did not even think of divergence.
Any analysis would be greatly appreciated.
Lew
- #1,675
- Oct 26, 2009 2:54am Oct 26, 2009 2:54am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Thank...So what is the correct way and is there a website where I might learn to draw the diversion lines correctly?
first u should call it how it should be called, so we all understand what each of us is saying: so, it's divergence. we just abbreviate it to 'div.', so it''ll be much easier to type.
go here
- #1,678
- Oct 26, 2009 4:56am Oct 26, 2009 4:56am
Well that didnt work, on to the next one!!!!!
I dont trade pinbars under the 21EMA, to go long, because it acts as resistence! If you put the 21EMA on your chart you can see it touched it and continued to the south!
