Pin Bar System

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Out now @ 105.63 for + 67

 

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Shorted EUR/USD earlier @1.1587 Apologies was away from desk so couldn't put up live call.

 

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Closed at @ 1.1535 for + 52

 

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Order sell EUR/GBP @ 0.7905 - sl 15

Swing point, 50% fib from March 11th move, Daily R3 pivot

 

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EUR/GBP triggered, but never picked up any momentum so closed for a small loss -2.5 pips

 

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Buy USD/JPY 106.96 - SL 30

 

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Buy USD/JPY 106.96 - SL 30

Cutting this one too for -14 (106.82)...Push above the pin got instantly eaten up by the sellers,. Me no like. Looks poised to break below the S/r level plotted above.

 

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Thanks for sharing but I think a strategy based only on pin bars will need one heavy money management strategy to work.

Cheers, but its not really about the pins they are merely the entry signal, other criteria need to be met before a trade is taken.. Its about where they form. We're not just taking blind pin bars. Sorry but what does "heavy money management strategy" mean?

 

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Buy EUR/JPY 123.14 sl -30

 

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Buy EUR/JPY 123.14 sl -30

Out 123.49 for +35

 

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Tally since 28/04/16 = +168.5 pips

 

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Sell AUD/JPY 79.39 - sl - 20

 

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Sell AUD/JPY 79.39 - sl - 20

-

Stopped -20

 

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Buy gbp/jpy 157.49 SL 30

Breakout/Pull; back setup with pin. Along S/R, R1, 50% fib

 

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Closed gbp/jpy 157.85 +36

 

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Tally +184.5 pips

 

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Short CAD/JPY 84.59 - Stop 30

 

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stopped -30

 

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I'm adding at 60 SMA to this and will only trade in its direction from now on.

It doesn't matter if price is above or below the SMA, you just have to trade in its overall/general direction.

 

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E.g here on USD/JPY. Price is below the SMA but clearly the overall direction is up.