Pin Bar System

Should Pocrel trade the "pin bar system" live again


  • Total voters
    24
  • Poll closed .
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

also i use auto pivots for eurgbp and pivotfarm.com can be looked at to verify levels
 
trade alert long gbpjpy sorry bit late but you know the setup by now


Hi Patrick,

Is gbpjpy a new add for you ?

Very expensive spread here.....with 8.....maybe you have lower


Ure honesty regarding results...good or bad......is very refreshing....telling it like it is
 
Hi Patrick,

Is gbpjpy a new add for you ?

Very expensive spread here.....with 8.....maybe you have lower


Ure honesty regarding results...good or bad......is very refreshing....telling it like it is

yes fran liking the the gbpjpy these days but its a beast so be careful

my spread is 4 on smartlive so not to bad

wish i had a party today mark :cheesy: enjoy but not sure about all those kids :LOL:
 
did nt call it live but finally got short brent again sometimes it takes a few entries especially with oil, also took that euro short thanks to pete tong for posting
 
did nt call it live but finally got short brent again sometimes it takes a few entries especially with oil, also took that euro short thanks to pete tong for posting

here is the brent trade

brent.gif
 
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