Pin Bar System

Should Pocrel trade the "pin bar system" live again


  • Total voters
    24
  • Poll closed .
S and P looks like a decent short now

not going to trade it as getting late here and off to bed working in the morning

trades 3

+79 full points

have a good evening
 
Morning, long eurgbp
 

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Alot going on today just got to check the charts and these are some of the trades i see

audusd.gif

brent.gif

eurgbp.gif

eurusd.gif

ftse.gif

gbpjpy.gif

gbpusd.gif

gold.gif

wti.gif

hope people made some money

back in the morning
 
Alot going on today just got to check the charts and these are some of the trades i see

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hope people made some money

back in the morning

hi pocrel,
I hope this doesn't sound too dumb but where are you getting your pivot point numbers from for eurgbp? I can't see them on livecharts and my formulas give different figures for r3 & s3 to the ones that the site gives for other currencies anyway.
...i just want to read from the same hymn sheet as everyone else lol...

cheers
 
morning, bit late today felling a bit jet lagged so might take me a while to get it together, if anyone sees any trades please flag them up
 
hi pocrel,
I hope this doesn't sound too dumb but where are you getting your pivot point numbers from for eurgbp? I can't see them on livecharts and my formulas give different figures for r3 & s3 to the ones that the site gives for other currencies anyway.
...i just want to read from the same hymn sheet as everyone else lol...

cheers

The traditional method
Pivot point = (H + L + C)/3
First support = (2 * Pivot) � H
First resistance = (2 * Pivot) � L
Second support = Pivot � (H � L)
Second resistance = Pivot + (H � L)

The alternative pivot
Pivot point = (Highyesterday + Lowyesterday + Opentoday)/3

All support an resistance calculations remain the same.These alternative pivot points use todays open in place of yesterdays close to account for opening gaps and extended afterhours trading.

hope that helps
 
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