Pin Bar System

[pocrel]

morning all, just watching cable looking interesting for a short, let see how the 30min bar finishes

 

[pocrel]

order to short cable 16033 stp 16055

 

[mags_g]

Very interesting.

The USD/CAD 07:30 to 08:00 pin is still in play up from S1.......just!!
The GBD/USD 08:30 to 09:00 pin is in play down from R1

 

[pocrel]

order to short cable 16033 stp 16055

chart

 

[SurfDog]

Morning,

pocrel can I ask what time you take the closing level for the FX pairs you trade, is it 9pm London time?

Thx

 

[Phiksalamuk]

chart
View attachment 108428

Good morning Pocrel,

With my broker's feed, cable comes close to R1, but did not cross it (max of 16050). Strange.

 

[pocrel]

Morning,

pocrel can I ask what time you take the closing level for the FX pairs you trade, is it 9pm London time?

Thx

i really dont trade fx after 4pm london time

but i do travel alot with work and if i am in the far east then i might trade the yen crosses in the over night session

but people should really stick to the uk session for forex as it is best results for the strategy also people should stick to just the major currencies because no testing has been done on minors

 

[pocrel]

Good morning Pocrel,

With my broker's feed, cable comes close to R1, but did not cross it (max of 16050). Strange.

morning Phiksalamuk , 16053 is cables high 16052 is R1 so line has been crossed, all my brokers crossed it

 

[pocrel]

chart
View attachment 108428

cable broken up order cancelled

 

[SurfDog]

Sorry mate I'm probably not making myself clear, I just wondered what time you use for your pivot close or what pivot indicator you use for fx (is it different from the manual pivot one you use for the indexes)?

 

[brettus]

Sorry mate I'm probably not making myself clear, I just wondered what time you use for your pivot close or what pivot indicator you use for fx (is it different from the manual pivot one you use for the indexes)?

livecharts.co.uk should be new york close 10pm.

 

[mags_g]

Thats the GBP/USD busted!

 

[pocrel]

Sorry mate I'm probably not making myself clear, I just wondered what time you use for your pivot close or what pivot indicator you use for fx (is it different from the manual pivot one you use for the indexes)?

as the forex market never closes this is a difficult issue, but your auto pivot indicator will calculate it off your broker times (everyones broker can be slightly different)

then just check these off livecharts.co.uk to give u a good estimate of the levels for the day that day traders might be looking at

hope that makes sense

 

[pocrel]

Very interesting.

The USD/CAD 07:30 to 08:00 pin is still in play up from S1.......just!!
The GBD/USD 08:30 to 09:00 pin is in play down from R1

hi mags g

thanks for the calls, i dont follow cad so please feel free to post a chart for other to follow

good luck

thanks

patrick

 

[Black Swan]

Heh Patrick, only just stumbled on this thread, nice work fella, half hr TFs are bang on the money for your kinda trading imho..good luck with it...

 

[pocrel]

i like this bar for a long on the dax, great R and R

if it breaks up i am long the dax


chart

 

[pocrel]

i like this bar for a long on the dax, great R and R

if it breaks up i am long the dax


chart
View attachment 108448

long dax now

7019 is my entry price

 

[pozzyp]

Just had a read mate Looking like a good thread Pat.

 

[pocrel]

long dax now

7019 is my entry price

closing dax +30 full points

what a move nice

 

[pocrel]

Just had a read mate Looking like a good thread Pat.

thanks bud, must have a chat soon hope all is well with you