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Pinbar's live trading journal

  • #21
  • Edited 7:41am Sep 3, 2010 12:54am | Edited 7:41am
Trade 3
Equity: 3,090,18

H4 BEOB AUD/USD Lots 0.02

EP: 0.9071 SL 0.9106 FTA 0.9050


Result: Stopped out at 0.9106 -$7.00

Account equity= $ 3,083,18

The main lesson here is that I was trading in a sideways market and sold at the low. The BEOB did not close below the TL and once again I suckered myself into this blinded by the small BEOB and the 0.9100 RN.
Once again I must pass on these SMALL bars with a bad close.
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  • #22
  • Sep 12, 2010 2:57am Sep 12, 2010 2:57am
All this talk of being Picky & I notice how totally unpicky I have been in my selection of trades.

NO MORE OF THIS NONSENSE

  • #23
  • Sep 22, 2010 3:38pm Sep 22, 2010 3:38pm
I am no where near to qualify explaining what might have went wrong with your trades.

I just want to thank you for sharing your trading experience with us.
This ,combined with the J16 thread, is truly a goldmine for us newcomers who want to learn serious PA analysis.

Thanks Pinbar and best of luck with your next trades.
  • #24
  • Sep 23, 2010 3:35am Sep 23, 2010 3:35am
Quoting lallous
I am no where near to qualify explaining what might have went wrong with your trades.

I just want to thank you for sharing your trading experience with us.
This ,combined with the J16 thread, is truly a goldmine for us newcomers who want to learn serious PA analysis.

Thanks Pinbar and best of luck with your next trades.

Many Thanks Lallous.

I can now see what was wrong with them and it is good you reminded me.

I will post why they did not work out.
  • #25
  • Sep 23, 2010 4:13am Sep 23, 2010 4:13am
Here you go. This seems a really stupid trade now. Still, this is how we learn and it ok to make mistakes as long as we learn from them.
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  • #26
  • Sep 23, 2010 4:27am Sep 23, 2010 4:27am
Trade 2 or rather screw up 2.

I was buying below the weekly PPZ.
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  • #27
  • Sep 23, 2010 4:44am Sep 23, 2010 4:44am
Screw up 3

The Bar is not actually a BEOB because the body of the bar does not encompass the previous bar completely.

The uptrend was substantial and a minor support area was created.

I am actually laughing as I makes these charts, thinking how naive I was.

Hope this helps and you don't make the same mistakes I did.

Demo, Demo and more Demo, is the deal.

Thanks for reminding me about them, perhaps I was ignoring them.
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  • #28
  • Sep 23, 2010 5:09am Sep 23, 2010 5:09am
Quoting Pinbar
Screw up 3

The Bar is not actually a BEOB because the body of the bar does not encompass the previous bar completely.

The uptrend was substantial and a minor support area was created.

I am actually laughing as I makes these charts, thinking how naive I was.

Hope this helps and you don't make the same mistakes I did.

Demo, Demo and more Demo, is the deal.

Thanks for reminding me about them, perhaps I was ignoring them.
Dont be harsh on yourself. What is done is done. Whats important is that you see your mistakes now and that you learned something from them.

And if i may comment your chart. As i see it, the bar you pointed out was also in consolidation.

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  • #29
  • Sep 25, 2010 8:09am Sep 25, 2010 8:09am
Quoting Pinbar
Trade 3
Equity: 3,090,18

H4 BEOB AUD/USD Lots 0.02

EP: 0.9071 SL 0.9106 FTA 0.9050


Result: Stopped out at 0.9106 -$7.00

Account equity= $ 3,083,18

The main lesson here is that I was trading in a sideways market and sold at the low. The BEOB did not close below the TL and once again I suckered myself into this blinded by the small BEOB and the 0.9100 RN.
Once again I must pass on these SMALL bars with a bad close.
You know you are on your way when you can find reasons for bad trade decisions yourself rather than having to put them up somewhere for an external scrutiny.

You've graduated from the newbie status Pin bar. Not that this would be news to you but just wanted to reinforce this to keep you going strong like you currently are.



g.
I believe . . .
  • #30
  • Sep 29, 2010 2:29am Sep 29, 2010 2:29am
Quoting jarroo
Cool, Pb!

I'll be checking in from time to time.
Same here ... Best of luck. But I don't think you need it (luck) !

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #31
  • Last Post: Oct 5, 2010 1:38am Oct 5, 2010 1:38am
Hello Pinbar, how are you?
Do you still trade?
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