DislikedVery small candle compared to recent down move.
Tiny bullish bar on Alpari
Small kinda PB on Fxpro
Pass for me also.Ignored
james16 Chart Thread
- #81,183
- Nov 30, 2010 7:38am Nov 30, 2010 7:38am
My N-J demotrade of a 4H-BEOB engulfing mulitiple bars, is working out quite nicely, close could've been better (below 6450 outside that box). As usual entry on a pullback to one of the bar lows. The 30m-TF gave me my sell trigger via a BEOB @ one of the bar lows. On the daily price also closed as a BEOB.
That 30m-BEOB gave me the most optimal entry point for this shorttrade, no or a very small drawdown that's what I prefer. Today price broke below the weekly BEOB and is heading for RNB @ 6200. Currently 271 pips profit on my remaining 1/2 position and closed first 1/2 position for a 175 pips of profit. SL currently @ the low of the weekly BEOB. My initial SL was 10 pips above BRN @ 6500, entry was at the break of that 30m-BEOB @ 6475, so my initial risk was only 35 pips ! Price came back to 6479 after entry so my initial drawdown was only 4 pip
. R:R on first 1/2 position is 5R and on my second 1/2 position currently 7.8R. You only need 1 or 2 of these each month and you won't hear me complaining.
Pipcrawler
Would be cool, it would be super cool if you announce your decision before going into trade and only then post the outcome. I will be your lifetime subscriber then, lol
but I will post some charts shortly; I'm sure other must be on that trade for real
Canadian by birth 
Australian by choice 
Australian by choice 
- #81,186
- Nov 30, 2010 7:59am Nov 30, 2010 7:59am
Too late, all the train have left the station as we speak, especially the GBP=JPY, had a 100 pip Take Profit on that on DEMO, and it has blown thru that
(Welll, I know mine is mediocre, anyway!)--Dave
Hah! Snowman, looks like mediocre minds think alike!
--Dave
Sold at 130.830 with 50 pip Sl and 100 pip TP - it was hit while I was out, other wise I would have moved it down, I may re-enter on a pull back. Profit was 1,249.51, sure was nice to see those number going up in the account, also short EUR-GBP and AUD-USD on similar signals
Canadian by birth Australian by choice
Australian by choice 
- #81,189
- Nov 30, 2010 8:49am Nov 30, 2010 8:49am
This trade is really going my way, I sold the N-J last week on a pullback of a 4H-BEOB via a 30m-BEOB. Look how we started with a 4H-BEOB, then price gave us a daily BEOB and finally price gave us last week a weekly BEOB
Pipcrawler
- #81,192
- Nov 30, 2010 9:09am Nov 30, 2010 9:09am
Which way is this going to break?
Pipcrawler
- #81,194
- Nov 30, 2010 9:29am Nov 30, 2010 9:29am
Hi MIKE 
In many of your posts, you took a pinbar at swing high/low. Sometimes even against the trend. However, i can not understand the reason you took those pinbar apart from the bar itself -this is one of your posts from way back (first pic)
The only pinbar(or any other PA) that i know how to trade is a pinbar formed off a PPZ and has confluence (second pic)
Do you care to explain a bit more?
Thanks
In many of your posts, you took a pinbar at swing high/low. Sometimes even against the trend. However, i can not understand the reason you took those pinbar apart from the bar itself -this is one of your posts from way back (first pic)
The only pinbar(or any other PA) that i know how to trade is a pinbar formed off a PPZ and has confluence (second pic)
Do you care to explain a bit more?
Thanks
- #81,195
- Nov 30, 2010 9:36am Nov 30, 2010 9:36am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi MIKE
In many of your posts, you took a pinbar at swing high/low. Sometimes even against the trend. However, i can not understand the reason you took those pinbar apart from the bar itself -this is one of your posts from way back (first pic)
The only pinbar(or any other PA) that i know how to trade is a pinbar formed off a PPZ and has confluence (second pic)
Do you care to explain a bit more?
Thanks
The aud/usd would be a weekly pinbar with strong divergence and coming off the 9500 area. Doesn't look like this one triggered so no trade in the end. The euro usd would be strong pin with the trend(notice huge move down and pullback). These pins I won't take as much anymore as I have honed in my intraday trading and gotten more picky over time. This is why you will often see me pass on many decent setups. They work, but they also increase variance which has been what has turned me into a more conservative picky trader. Playing for the drawdowns instead of how much can I pull a year.
Hope that helps
Mike
