Pin Bar System

[pocrel]

long DOW now from 11379, stop 11337

 

[pocrel]

long DOW now from 11379, stop 11337[/QUOTE

painfully slow so i will take +10 points on the dow, really wanted to see a bit of volume but nothing

so +10 full points on the dow

 

[pocrel]

dow just hit my 1 to 1 target frustrating watching that ahhh need to work on my patience

 

[pocrel]

Anyway , i will put it down to tiredness my lack of discipline on the Dow trade as it moves up the chart

back in the morning

2 trades today

1 scratch for 0

1 win +10 points

see you in the morning

 

[Kingdom2008]

i just caught the trade from when it went from 82 to 07 ish ( just watched on my phone as im in work) and thought well done!! was gutted when i looked back on here and seen your message about taking profits early! i did the same this morning ah well the learning curve goes on!

 

[Tradingkid09]

I just want to post here quickly to say PIN BARS RULE!

 

[pocrel]

morning, sorry little late still on hk time, i am going to get long this usdjpy setup its already had a go at breaking out hopefully it will on the second time

 

[pocrel]

morning, sorry little late still on hk time, i am going to get long this usdjpy setup its already had a go at breaking out hopefully it will on the second time

 

[pocrel]

this usdjpy is doing nothing for me, need to re position myself i think i am going to scratch that trade for nothing 0

out of usdjpy for +0

i think intervention is the only thing that will move it higher, market seems dead this morning

 

[pocrel]

just watching this dollar index charts for clues to where we are going, i suggest everyone try to analyse it before taking trades or to confirm direction

 

[pocrel]

my thinking at the moment is that we should be getting long the £ or euro here, the market still not tipping its hand to much, might have to wait till US open

 

[pocrel]

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.

lovely time to get long stocks perhaps, a little retrace of the pin and it might be worth a swing trade

somewhere around the black line would be a nice entry

cheers tomorton for that heads up

 

[pocrel]

trade alert : missed the entry but if it comes back then i am short eurgbp

 

[pocrel]

trade alert : missed the entry but if it comes back then i am short eurgbp
View attachment 120688

short at 8783 will have to do, stop 8705 give it a little room

 

[pocrel]

short at 8783 will have to do, stop 8705 give it a little room

that's good enough for me +17 full points on eurgbp

 

[pocrel]

going to have a break back for US session later

 

[Kingdom2008]

possible gold short coming sorry just spotted it

 

[Kingdom2008]

Screen Shot

 

[Kingdom2008]

Trade sell gold 1.777 (the bottom of the 10am pin bar stop 1.784 limit 1.737

 

[davechilde]

Hello
New to this thread, but been catching up on the history of it for a couple of days. Very enlightening and a credit to Pocrel for starting it and keeping it coming.

I've taken a couple of trades on this strategy today, a short on USD/JPY on a break of the 9.30am bar, slight retrace so I got in at 76.78. Possibly should have taken half off at +10, but stop now set in the black so will ride it out.

Also took a slightly off piste long on EUR/JPY. wasn't on a standard pivot or s/r, but two successive pins bouncing off a confluence of MA's in 30M and 1H on my set up made it too hard to resist.