grimweasel
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How does this Pin bar on 1h Gold look then? I took it as the news behind the move down was that a lot of options expired that day and caused the sell.
The pin bar looks good, at a swing low, off 38% Fib level and a 1hr pivot level of 925 ish.
The other stuff on the chart (indicators) mean nothing for pins bars, I use them for another entry method. I do, however, like to confirm the overall trend with the 60SMA.
Just bought another book today on Spread Betting (which pleased the wife no end; "Not another bloody trading book, get a life" was the retort! Love eh?! A Harriman-House book on how to win in Spread Betting. I'll let you all know if it's any good!
Good Trading
Grim
The pin bar looks good, at a swing low, off 38% Fib level and a 1hr pivot level of 925 ish.
The other stuff on the chart (indicators) mean nothing for pins bars, I use them for another entry method. I do, however, like to confirm the overall trend with the 60SMA.
Just bought another book today on Spread Betting (which pleased the wife no end; "Not another bloody trading book, get a life" was the retort! Love eh?! A Harriman-House book on how to win in Spread Betting. I'll let you all know if it's any good!
Good Trading
Grim