hi guys. New here and i've read this thread and im following my own kind of trend-following take on it.
Pin bars on weeklies, are just awesome , thanks J16
Pin bars on weeklies, are just awesome , thanks J16
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSecondly:
I'ved tried putting a buy stop above the bar and each time (on FXPro, metatrader 4) it is telling me market is closed so cannot be executed.
Can someone be kind enough to explain how to place an order when market is closed?
Thank You in AdvanceIgnored
DislikedI have 2 questions:
Is the pinbar on the daily GBP CHF a valid pinbar?
It seems to satsisfy criteria of pinbar and is on FIB retracement(I think)
Secondly:
I'ved tried putting a buy stop above the bar and each time (on FXPro, metatrader 4) it is telling me market is closed so cannot be executed.
Can someone be kind enough to explain how to place an order when market is closed?
Thank You in AdvanceIgnored
Disliked
Hey Aron
What's up brother?
If you are planing to take the Yen pins, be careful not to stand in rac's way
Hope you had a great weekend!
Ignored
DislikedWell I have noticed a lot of PB's on Friday and all that jazz. I am going to go through each one of the ones that I see and weed out the good from the bad.
EU: This from what I have been reading is not even a PB at all, because the right eye didn't close inside the left eye. Would not even think of trading this just because of the horrible location as well.
USDCHF: Pretty much the same thing going on here as the EU. Only difference here is that the bar closed right on a Support line. Is it going to hold? I don't know. What I do know is that I...Ignored
DislikedHey Benji and good to see you. Yes you're right and you have a good eye. I will probably not take the yen pins. They formed in an illiquid market and I am just not convinced enough with the overall yen direction to bet on it rising for a few days (which is how I view my daily plays). That said, using the daily for direction and watching the hourly and 4H is probably what I will do. I think anyone who took them would have to watch the 50 ret and the trendlines like a hawk. The yen pairs seem to love the 50 ret. I just don't like playing markets when...Ignored
DislikedThere was a time that when i felt "unsure" I would just throw my money in anyway. These days I go the other way and so far it's working. I am also fully prepared for these yen pins to take off and never look back. I won't be upset if that happens. I simply cannot call the outcome of any individual trade. But I can work on my abilities so that over a hundred or a thousand trades I will be profitable. I think part of being a successful trader involved a lot of watching things that you pass on work really well. But as James says, we're not just waiting...Ignored
QuoteDislikedHow are you my friend?
Dislikedmarkets are opened! my withdrawal jitters are calming.....
anyone anticipating PA @ 1.5050 on EURUSD?Ignored
DislikedCan you folks tell me if i am looking at this chart right. I am on the daily chart on the cable. It has a nice long pin bar forming. It has retraced to the 50% fib, and the 1.6300 round number. This appears to ba a fairly solid support. This also looks like a swing low. It would look to me to be an A+ trade as i understand you folks.Ignored
DislikedI'm going to go ahead and post my intraday winning trade of the day.
inside bar on EUR/USD 4 hr chart with strong confluenced area.
The other 50% of my position is still open...
I usually don't prefer inside bars to make my trades, but this area was so strong that I knew I had to catch something. The inside bar was optimal size so I went for it.
Trade was managed automatically with the j16 manager EAIgnored
DislikedI am looking at 4 hour charts and note pivot levels and s/r levels.
Only a demo so far but my idea is to put ocu orders either side of Pinbars or breakout bars(engo=ulfing bar).
Is this better than jumping straight in?
(In other words to let the price come to me)
ThanksIgnored
DislikedIt was tough closing my charts tonight on last week's pile of pinbars... but I just did.
It was almost overwhelming when half the pairs looked like pins... then half of that actually were... then I really liked UChf, then I shot it down too. I will watch everything, but nothing is A+, so no regrets no matter what happens...
being patient!Ignored
DislikedI saw the swissy too. I would love to hear what you made of it. I guess it would be a short-term as it's into traffic but I guess there's more to why you avoided it than that.Ignored
Dislikedmarkets are opened! my withdrawal jitters are calming.....
anyone anticipating PA @ 1.5050 on EURUSD?Ignored
Dislikedgot what i wanted.... looking to move stop to even very fast here ....Ignored