N Rothschild
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carry on...
you really think people are doing that to a basic pin bar setup on trade2win?![]()
you really think people are doing that to a basic pin bar setup on trade2win?![]()
I was trading Footsie pinbar, this morning, and am ahead. It's a poor market and it's only a few points.
If you back test what happened on previous occasions you might get an idea of how far the big boys are willing to test your stops. Lots of guys follow the book and put the SL just beyond the pin. If everyone does that, you can imagine what the pros are going to do! Those stops will get triggered in no time---unless the market does make a serious attempt to go in your direction at once.
Split
So, what should be the ideal solution then? personally sticking with 4hry and dailies, dont really think some come can manipulate that far and in forex![]()
So, what should be the ideal solution then? personally sticking with 4hry and dailies, dont really think some come can manipulate that far and in forex![]()
I don't think that traders should be naive about this SL business. If an article, or book is published, with an idea and part of that idea is stop position, or distance, with the result that everyone does it, the professionals will visit that area, during the session, and clean them all out.
It's not a question that the big boys aren't interested in tiddlers' positions. The problem is that the shoal of tiddlers is in the wrong place at the wrong time and along comes this shark, with its mouth open and that's it! The lot goes in, big'uns and little'uns and the market doesn't even know that they were there.
4 pages, numerous conspiracies and zero set ups. We're doing great without TD. Anyone know what Elite is like?
Pin Bars Introduction
You have, probably, read much of this stuff in other articles but this guy acknowledges that the SL should be beyond the bar high/low. He suggests 10 points. Anyway, see what you think. Each instrument must be different but backtesting a bit should give an idea of what might be prudent.
maybe missed it by a bit, but a lower TF OB hook back into the downmove, perhaps?
4 pages, numerous conspiracies and zero set ups. We're doing great without TD. Anyone know what Elite is like?
But having stop losses below the pin is nothing new. And having your stop loss below the low or high of an inside bar when it breaks is nothing new. Sometimes it triggers an inside bar or a pin bar one way then comes back and just knocks out the stops. It was doing that months ago and for as long as I have been looking at pin bars and inside bars. There have always been plenty of fakeouts.
Anyway even if you are worried about that, then why not adjust? Wait for the pin to trigger, but don't enter until a pull back, or have your stop in a different place, or if fading the pin is what these 'big' traders are doing, then fade the pin yourself![]()
You dont need to wait the pin or inside bar to trigger.. Just find a good level of S/R and play the LEVEL. You get really tight entries and SL pretty small.
A LOT of times you get an entry at the nail of the pin.
To be honest, I dont know what you guys see at pins, inside bar and stuff. You just need to know where the price is going to stop and move back. It does not matter if it`s a reversal or just a retracement. If you look you find the hot spots pretty easy.
Agree, Its the LEVEL thats important, pullbacks and bounces to S/R, supply and demand.
There seems to be too much emphasis on looking for the Trigger at these Levels.
That all depends on the size of your account. I know I cant afford to be getting stopped out all the time so I need my stops to be as tight as poss.