The REAL Potential setups thread...

[Yuppie]

Thanks Yuppie. In the interests of learning, I just wondered why you declared it void? Why not consider playing the inside bar?

A couple of reasons:

1) There was no IB on my feed (see 1st chart). Although, if I had a different feed I would have seen an IB on the 4h (see 2nd chart).

2) I set out in the initial plan to play a Pin. Keeping things simple for this thread (and me!!) sticking to entry on a Pin is a simple criteria. But, good point, I generally am welcoming of IBs and Bullish/Bearish engulfing bars as entry also - and so will probably put this into future setups.

and

3) I was only paying attention to the Setup out of interest as I was actually already long from a 5-min chart at 125.00. Regardless, it was a good setup and thought I should post it to the thread even if I knew I wouldn't be entering it myself.


Magnus