Pin Bar System

[tomorton]

I know we're all trading pins on short timeframes but if you care to have a look at the FTSE's weekly bar, is this not the most massive pin bar ever? - over 500pts from top to bottom.

 

[Kingdom2008]

watching the EUR/GBP possible pin bar set up entry 0.87869 stop 0.88028 Limit 0.87385 R/R 3

 

[Kingdom2008]

taken order eur/gbp entry 0.87869 stop 0.88028 Limit 0.87385 R/R 3

 

[Kingdom2008]

sorry I'm selling the eur/gbp lol

 

[Kingdom2008]

I got out of the trade early to make + 3 pips

1) the lines i orignially drew were incorrect so my risk reward was less than 1/1
2) it bounce off the diagnal support line and started to go against me

i think there are better trades out there so il keep looking!

 

[pocrel]

morning, hope everyone had a great weekend just back from hong kong a bit blarey eyed but scanning the markets myself, need to sort my levels

thanks to gelly and kingdom2008 seems like your having a bit of success with the system, well done

 

[Gelly]

I got out of the trade early to make + 3 pips

1) the lines i orignially drew were incorrect so my risk reward was less than 1/1
2) it bounce off the diagnal support line and started to go against me

i think there are better trades out there so il keep looking!

Hi Kingdom, my chart similar to yours. Had to calc all pivots today, didn't like Livecharts etc.

Wrong chart

 

[Gelly]

Hi Kingdom, my chart similar to yours. Had to calc all pivots today, didn't like Livecharts etc.

sorry wrong chart!

 

[Gelly]

sorry wrong chart!

This should be today's!

 

[Kingdom2008]

lol thought it looked a little off! What spread company do you both use?

 

[Gelly]

lol thought it looked a little off! What spread company do you both use?

At the moment I'm trading off chart - Smart Live Markets. Also use Capital Spreads & IG.

 

[Gelly]

morning, hope everyone had a great weekend just back from hong kong a bit blarey eyed but scanning the markets myself, need to sort my levels

thanks to gelly and kingdom2008 seems like your having a bit of success with the system, well done

Good to have you back Pocrel, missed your advice

 

[pocrel]

thanks gelly, the euro looks interesting to me here for a long, just abit worried we running into a heavy support level

 

[Kingdom2008]

potential setup on the Eur/Usd

 

[pocrel]

thanks gelly, the euro looks interesting to me here for a long, just abit worried we running into a heavy support level

long euro here at the 16 level, bit risky

 

[pocrel]

long euro here at the 16 level, bit risky

View attachment 120576

that resistance seems to be holding on eurusd and i am falling asleep so going to close it for 0, need to rest my eyes for a while

scratched trade for 0

 

[Kingdom2008]

Iv cancelled my order too the drop just invalidated the set up, not much else happening from what i can see how about you gelly?

 

[Kingdom2008]

Possibly another set up coming

 

[Kingdom2008]

cancelled EUR/USD order, wish i stayed in on my first trade this morning on the eur/gbp it has come in now, lack of discipline on my part...any way im off to work now
Good Luck guys

 

[pocrel]

managed to have a bit of a sleep, just looking at the market and i fancy getting long either the s and p or dow on the hour close, nice pin bar forming off pivots