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Joined Apr 2009
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Status: Volume is everything
|972 Posts
Hi! pretty new here and with problem to capture images... but looks like there is a nice Pinbar forming on EURUSD H1, with divergence as well. Anyone could conifrm? thanks!
**Update: Was up +9 pips at one point in the day and currently at -11. With a -25SL in place, I'll wait and see how this goes. The divergence is still intact.
**Update: well that turned out to be an awesome trade.
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Joined May 2011
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Status: Momentum exceeds everything
|820 Posts
Hello Jankone and the others member of this thread; I try to learn the method, so i will post some PB to see if my eye is good to recognise the good PB.
The first: CT PB with divergence
Could you tell me if the setups are good or not.
Tanks
Attached Image (click to enlarge)
I hear and I forget. I see and I remember. I do and I understand.
The tail is at the swing high, but not the open and close, many bars before open and close higher than this PB
Is this a good pin so?
Or a A+ setup must have his tail at a swing high and its open and close higher than three or four last candles?
Thanks for your help
Ignored
I measure my divergence from tail to tail on a downtrend or peak to peak on an uptrend. Pinbar has to close lower or higher than the previous bar depending of if we are shorting or going long.
I measure my divergence from tail to tail on a downtrend or peak to peak on an uptrend. Pinbar has to close lower or higher than the previous bar depending of if we are shorting or going long.
Ignored
Thanks JD for your answer.
Is the PB on my charts a good setup then?
I hear and I forget. I see and I remember. I do and I understand.
The first chart I wouldn't have taken that trade because I don't see any clear price action swings there or any real clear divergence. The second chart, I wouldn't have taken that one either because I don't see a clear swing low to judge the peaks. That's just my own personal observation.
