it is a bad day today,driven by fundies. I've lost one div pinbar ct eurusd m5 too.
- #3,422
- Apr 23, 2010 5:06am Apr 23, 2010 5:06am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
No PA
One Chart is Worth Ten Thousand Words.
- #3,423
- Apr 23, 2010 6:05am Apr 23, 2010 6:05am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #3,426
- Apr 26, 2010 4:32am Apr 26, 2010 4:32am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Hello Walcott,
im not sure what jankone/Ryanmcd has to say about this.
im not sure if anyone can make a genuine, complete & successful EA for this or any other method.
Try if u want to.
but i still prefer using the human mind vs a robot. imho, trading is 1 of the excellent ways to keep our minds sharp.
im not sure what jankone/Ryanmcd has to say about this.
im not sure if anyone can make a genuine, complete & successful EA for this or any other method.
Try if u want to.
but i still prefer using the human mind vs a robot. imho, trading is 1 of the excellent ways to keep our minds sharp.
- #3,429
- Apr 26, 2010 5:01am Apr 26, 2010 5:01am
- Joined Jun 2009 | Status: Trader | 2,000 Posts
Walcott it's been tried a lot my man.. but there are so many pins and only some which are actually taken manually u know... then from a coder's perspective they put filters and filters in hoping it will work out, but it never does 
Check funyoo's rsi div and pinbar EA, check alexander louizous's pinbar EA ..... both blow up accounts
Check funyoo's rsi div and pinbar EA, check alexander louizous's pinbar EA ..... both blow up accounts
- #3,431
- Apr 26, 2010 5:17am Apr 26, 2010 5:17am
- Joined Jun 2009 | Status: Trader | 2,000 Posts
ya well ur displaying typical coder left-mindedness.. have a go at it
p.s. there is 'instinct' to it.. u really think a one candle formation alone would make people rich????
p.s. there is 'instinct' to it.. u really think a one candle formation alone would make people rich????
- #3,432
- Apr 26, 2010 5:25am Apr 26, 2010 5:25am
Thanks to give us your opinion Sim
Can you show me where you find "instict" in trading decisions on this method ?
If you talk about watching the graphic, what's happen before the pin bar pop-up. I already made a rule about that.
I think, if you have a huge experience your "instinct" can make a real difference on results, but if you instinct is more "feminal instinct" if you hnow what I mean it's more something like "I don't follow rules on my system because I feel like it's the good time...".
I use a filter to take only trades in trend.
Can you show me where you find "instict" in trading decisions on this method ?
If you talk about watching the graphic, what's happen before the pin bar pop-up. I already made a rule about that.
I think, if you have a huge experience your "instinct" can make a real difference on results, but if you instinct is more "feminal instinct" if you hnow what I mean
it's more something like "I don't follow rules on my system because I feel like it's the good time...".I use a filter to take only trades in trend.
- #3,433
- Apr 26, 2010 6:08am Apr 26, 2010 6:08am
- Joined Jun 2009 | Status: Trader | 2,000 Posts
yup stuff like looking at trend, pins in congestion verses the end of an obvious swing, ppz, psych levels, gauging the momentum of the swing up from which we retraced, length of the pin bars wick (both sides, sometimes a too long wick on the wrong sides keeps me out of bad trades), time of day (morning here in UK I look to larger moves, end of UK I look to scalp etc), also linked with news times, multi time frame analysis... BIG point for me i think it's the only way to realllly get good pips from the market, i.e. pinpoint trades and have a clear understanding of where reversals and continuations will happen
overall if u wanna code all this i'd be glad to help
but I know many coders see things black and white and if the first 1 or 2 attempts fail then coding stops 
overall if u wanna code all this i'd be glad to help
but I know many coders see things black and white and if the first 1 or 2 attempts fail then coding stops - #3,434
- Apr 26, 2010 6:09am Apr 26, 2010 6:09am
- Joined Jun 2009 | Status: Trader | 2,000 Posts
I use a filter to take only trades in trend.
Hello everyone.
I've been demoing this interesting method for 2 or 3 weeks but have not been taking the best setups, and as a result, perhaps, have been losing mostly.
I've been improving over the last week, though.
I'm trying to be more picky and to help, I've decided to post my trades.
Here's my only trade from today. Took this PB on the GBPUSD 5m chart.
1. Great Pin
2. With the Trend
3. Off the center BB and MAs.
Should I have avoided this one because of the divergence shown?
- TTP -
I was learning this last weeks this system like you (I spent a long long time) I think we need to practice to know the best setup and study Jankone´s and Ryanmcd´s charts, but I recommend to you read Supremechaos, Forex007 and Mike W, posts.
You must know best setups (nice pinbar, must be in the top or botton of swing touching EMA 21 or medium bb and no traffic, or nice pinbar with nice divergence), and you have to draw PPZ, S-R´s and fibos in 4H and 1H + round numbers and look for confluence of all.
If price draws a pinbar in trend (and good set up) and you have any obstacle (PPZ, S-R´s...) in the way, you must not entry.
Anyway if a pinbar (and good set up counter trend with RSI divergence) appears in the obstacle is good entry counter trend. If the divergence is in oversold or overbought.. better.
Another test for me is, that the distance to the target must be longer than the distance to the stop. Its important for me because Im in a 50% rate but rigth trades do not compensate wrong trades
The pinbar you taked was too large for me, the rest of the setup was a good setup in my opinion.I've concluded that. It´s only my opinion to be more picky.
Regards from Spain (sorry for my English)