5m Pinbarring

[martinm2]

Demo'ing for the next week 5min pinbar trading.

Incorporating Divergence also.

Using RSI 14.

Pinbars must be A or A+ bars.

There must be B or A level divergence for trade.

Trading main forex and DOW/FTSE/DAX

SL set 2pips above top of pin.

If trade positive, trade SL down. Limit set at 20pips, never more even if things look perfect (Greed is a sin)

 

[martinm2]

perfect pin at 13.15 on the EUR/USD

Missed the trade though as was watching 1pm news.

Perfect pin though.

 

[martinm2]

traded a pinbar EUR/AUD at 1.50, still in play but not shorting that much. played it back to a zero play though.

Earlier trade earned 8pts.

 

[Hotch]

Check out the Jakone thread on forexfactory if it's not where you got this from

 

[martinm2]

Aussie dollar being bullishing backed.

Waiting for turning pin in next hours.

 

[martinm2]

buy AUD/USD, perfect pint, entered a wee bit late but looks good for continued momentum.

 

[martinm2]

buy AUD/USD, perfect pint, entered a wee bit late but looks good for continued momentum.

Got out of that trade at evens, move had lost momentum, fine pin. But AUD reaching new highs so that could be it.

 

[neil]

Check out the Jakone thread on forexfactory if it's not where you got this from

This is the thread from which the OP probably got this method

http://www.forexfactory.com/showthread.php?t=163972