you missed the Rejection of the 150EMA Rejection of 61.8 fib Matches my 35% rule for shape of a good PBEnjoy Ademac Edit: I have added a Picture to show you what i am talking about.

james16 Chart Thread

Search ??? — Have you tried the search function??? I think this question has been asked many times before.

InterbankFX

The J16 PA edge — I am doing as J16 has always said. You can be quite profitable just trading daily Pin Bars. A bit of background. I had never traded before until I found Forex, 2 years ago. To me XXXX was a beer. I have tried to follow J16’s ...

james16 Chart Thread

Learn the lessons and survive — I thought i should add something to this, What i would like to add is that all the cliches are useful you just have to sift the wheat from the chaff. It takes time and practice then you will have your ah moments ...

Self Help Regurgitation

EUR/USD PB — Now this is what i like to see

Daily PIN Bars

have a plan and follow it — The secret i have found with PB is to have a plan that you have back tested, the forward tested, before going live. My risk is the same on every trade 1%. I don't care if it is with the trend or counter trend. If it ...

Daily PIN Bars

Perspective — You could say both but i will choose 3 When price action is viewed from the weekly it is a retracement of the Uptrend. Form the shorter time frame perspective of the daily then you could say it was a 1 as it comes at the end of a ...

Daily PIN Bars

Plan the Trade, then Trade the Plan — OK, So now your confused, There is only 1 reason to not take "that" and it is no even a good reason IMO, If you go ask J16 then he will tell you that you can trade these Counter trend PB's or ask mbqb11 or ...

Daily PIN Bars

To trend and counter trend. — The USD/CAD weekly has good examples of both

Daily PIN Bars

Yes that was Mike W point "Dont trade against the trend" But it goes deeper than that. While i agree with MW that you shouldn't trade against the trend i also believe if you are going to do it you need to have a valid and tested reason to. I ...

Daily PIN Bars

I think i am with you now, When you are talking retacement you are talking retacement in the current trend so you shouldn't try to take PB in a counter trend fashion as they are not very productive. I would agree with you that some of my best PB's ...

Daily PIN Bars

Mike W, My questions are in bold, Also thanks for taking the time to further my understanding Enjoy Ademac

Daily PIN Bars

Now i'm Confused — Mike W, Just out of curiosity then how should a PB be formed??? Cause as is my understanding of PB's the price opens then moves away from the open then back to close around where it opened. Leaving a long nose poking out ...

Daily PIN Bars

Random distribution of winners and losers. Having been trading PB for a while now it is quite simple there are some that work and there are others that wont. You try to pick the best possible PB to trade but there is no guarantee that they will ...

Daily PIN Bars

When you trade PB's you have to be prepared to spend a lot of time just waiting, and watching. There is stuff out there, problem is most of it is not pretty and if you are not careful it is going to turn you into road kill. That said i have my ...

Daily PIN Bars

One word "Traffic"

Daily PIN Bars

have a look at my 35% rule. it is somewhere back in this thread. Enjoy

Daily PIN Bars

Looks like the chart is on GMT time. Yes the 3rd Last bar was a good looking PB but the 2nd last bar killed it.

Daily PIN Bars

4 day PB ??? — Here's on for you all to ponder. The 4 Day PB ????

Daily PIN Bars

Gold PB, Have included my thoughts in the Pic

Daily PIN Bars