Pin Bar System

[DDI]

no mate not tested it on structural pivots, i find my system works well with the pins and calculated pivots, i do look at support and resistence when taking trades and targets but i dont really want to get into that here as it might confuse people to much, trying to keep the system simple and see how we progress

sure...i get your point. reading on pin bars reminded me of structural pivots...didnt mean to complicate anything...

Great job on the week.

 

[Splitlink]

I'm trying this one out on Footsie again. I got a pin on the 0830 bar. It's against the trend but I've entered short 5776 at 0923.

My normal trade got spoilt because of a computer crash. When I finally got on, this pin was there so I took it.

 

[Splitlink]

Another poor morning. The pin has not been broken but I have closed out for a loss of about 17 points. As I said, this trade is still intact but I need to close from boredom and necessity!

Looking it over, the trend was up according to the averages, so I would have been better off long

 

[brewski1984]

not trading today porcel?

 

[Dubai]

He's away on business for the week iirc.

 

[Pi3141]

Hi everyone,

There was a sell signal on the Dow Jones at 15:00 - 15:30pm off the R3 pivot. It fell down to R2 for approx 58pts.

 

[pocrel]

thanks for the charts and trades splitlink and Pi3141 keep it up, i wont be trading properly till wed morning due to work commitments
but if i get a chance to look at charts and see anything then i will post even if its just examples and please feel free to post examples if anyone spots them it is good for practice and everyone can learn from it
thanks

patrick

 

[pocrel]

just notice the cac40 produced a pin bar off R1

chart
View attachment 107270

 

[Dubai]

Hi Pocrel, you might want to blank out your a/c no.

 

[pocrel]

Thanks Dubai, should have Bern blanked.

Well the cac formed another pin bar that gave even a better risk reward and looks liked it worked nicely, can't trade as I am getting on a flight again

 

[DDI]

I took this on crude and exited for 25 points. 4 bullish hammers (pins?) off S1. was so quick didnt have time to post chart after entry as I had to monitor position.

 

[BlackBison]

Well the 'old' way of trading pins has been out of date for a few years now as far as I can see. Let's see if your new system improves on it and makes money over time. Good job this last week, but note that the volatility kicked off a bit lately so that has likely improved any pin system's expectancy. If things calm down again I expect pins to become very difficult to trade as per usual.

All the best though with this journal and I hope you prove me wrong

 

[DDI]

I took this on crude and exited for 25 points. 4 bullish hammers (pins?) off S1. was so quick didnt have time to post chart after entry as I had to monitor position.

Wow what a movement. 250 pips move and I only bagged 25!.

The only way I could have caught the 250 pips was for my position to have been so small that I would have forgotten about it (i.e in cash terms it wouldnt have mounted to much anyway)

 

[Splitlink]

Well the 'old' way of trading pins has been out of date for a few years now as far as I can see. Let's see if your new system improves on it and makes money over time. Good job this last week, but note that the volatility kicked off a bit lately so that has likely improved any pin system's expectancy. If things calm down again I expect pins to become very difficult to trade as per usual.

All the best though with this journal and I hope you prove me wrong

You've got to get the direction right, there's no doubt about that! I had that problem with TD.

 

[mpat89]

Hey, nice thread. Like the idea of using pins with pivots, will pay close attention!

 

[pocrel]

just notice the cac40 produced a pin bar off R1

chart
View attachment 107270

looks like the cac 40 trade went along way today finally there was an entry after the great pin bar i pointed out this morning

sorry changed earlier chart as someone pointed out i had my account number on it

 

[pocrel]

trade alert: long aud/usd

 

[pocrel]

trade alert: long aud/usd

my entry is 10094 stop 10081

chart

 

[pocrel]

trade alert short s and p

 

[pocrel]

trade alert short s and p

half off +22 on s and p



looking for r3 as my next target