Tough Times Never Last But Tough People Do
Intraday price action trend trading
Took another trade on bull back with pin but agian stopped out with 15 pip s/l , this time on aus/usd , can some body comment where i am doing wrong
In my opion, there are 3 ways to play pin bar:
1: Entry at the close
2: Entry at the break (conservative way)
3: Wait for pull back (aggressive way, better price as well as higher risk)
Stop loss is always above/below the pin bar.
You have to decide which way is suitable for you and stick to it. And remember, your potential reward should be bigger than acceptable risk (my personal risk:reward ratio is 1:1.5)
I think you did nothing wrong. It's just trading, we can win or lose. Just probability game.
Good trading mate ^_^,
hi joe!
i took the same trade but ended up -15 pips.
got in on close of red arrow and got stooped at yellow one as it went 1 pips above my SL.
i really don't like to start my day with a loss
i trade with 1:2 risk reward ratio , i think its my bad time these days ,3 day and 11 losses in a row with 0 win 
, any ways i am not nervous , i know i will eventually cover all in a couple of trades , so i have thrown away the battle field like feeling and just following the good setups , i am risking 1% of my capital on each trade ,
And yes i think usd pairs are over purchased and sold in the favour of usd.
may we need some pull back sooner or later in longer time frame (h4 and daily).
, any ways i am not nervous , i know i will eventually cover all in a couple of trades , so i have thrown away the battle field like feeling and just following the good setups , i am risking 1% of my capital on each trade ,And yes i think usd pairs are over purchased and sold in the favour of usd.
may we need some pull back sooner or later in longer time frame (h4 and daily).
Hi mate,
In my opion, there are 3 ways to play pin bar:
1: Entry at the close
2: Entry at the break (conservative way)
3: Wait for pull back (aggressive way, better price as well as higher risk)
Stop loss is always above/below the pin bar.
You have to decide which way is suitable for you and stick to it. And remember, your potential reward should be bigger than acceptable risk (my personal risk:reward ratio is 1:1.5)
I think you did nothing wrong. It's just trading, we can win or lose. Just probability game.
Good trading mate ^_^,
Tough Times Never Last But Tough People Do
- #8,379
- Oct 4, 2011 7:32am Oct 4, 2011 7:32am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
Hello, Trade Price!
I am very happy to see you in the thread.
Please tell me what music is playing in your video (piano music)?
Great music. Ideally suited for concentration.
Best Regards
Fedor (Nanitoide)
to all the traders who is stragling: try to stay away from less than 15 mins TF until you get very good at price action.. first learn to feel the market...rest will come slowly...
all the best
Regards
sho
