My problem with this pin: look what has happened from about last Monday (April 13th) And also the previous bar. And it's a 1H TF. I would move SL to BE asap. (that's a lot of abbreviations) You might see a bit of a retrace upwards, but trying to ...

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Nice post Tia. It really gets the message across. Tom

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I like that one too Jim. Pin isn't perfect, but location is great. Let's see. Tom

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When you really think about it, if you get just 1 good setup on average a month from each pair (some may give 2, some may have 0), that still adds up to 18 trades a month. That is plenty of trades.

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Hi Adam, This question has been coming up a lot lately. But yes, most people look at all pairs available. When looking at more pairs, it makes it easier to pick only the best setups. It can prevent overtrading. Why limit your trade opportunities by ...

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If you look closely, Ghous' pinbar did close within the previous bar. EJ closed just a little bit lower than the previous bar's low. Tom

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Just like Ghous I have also been eyeing and waiting for this pair to make a move. Even though it is a BUOB, today's bar is not good enough for me. I need to see more of a commitment for a long. That 8200 area needs to be broken. (and then I'll ...

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Hey Frank, I'm not sure what you mean by shadows. (I assume you mean the body of the candle?) But getting to the chart, you correctly identified the DBLHC in yellow. For a BUOB, what we want to see is the close of that bar to be higher than the high ...

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Yeah thats right. A lot of people use FXPro and it does close at 5pm EST. IBFX is at GMT. Tom

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Mike is like the eye of Sauron, always watching....

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Great stuff Josh! That's great commitment and work you put in. Very nice. My only question is what kind of exit strategy did you apply to the backtesting? Tom

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Hey Christopher, It's good to hear that you are at least doing very well in demo. One thing I would like to point out is that aiming for a daily % goal is a little dangerous. Most experienced traders will tell you that anything less than monthly is ...

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Hey Christopher, That's a painful story but I can assure you many people have a similar one to tell. I'm glad for you that you came across this thread, because I believe it's all you really need. So just to clarify, based on your above post you ...

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Hey Hendrix, I think you will find that everyone is different. But I would say that most people here trade all pairs. It makes it easier to pick the best trades when you are looking at 20 pairs instead of 5. Personally I look at every pair my broker ...

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Thanks Mike. He definitely is keeping me busy. Just one more reason to trade Daily and Weekly. lol And to Markmm, I thought it was a pin bar until it took a chunk out of my ass. That confirmed what it was. Tom

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Thanks Ghous. I wish the same about my username cuz now it's more of a joke. But all kidding aside, one thing I would like to pass on to people new to this (and some that have been doing it for a while) is that this business takes commitment. You ...

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Good stuff Bertie. I think going through this material more than once is key. Sometimes it takes a while to sink in. It reminds me of my recent vacation. Before I left I felt like I needed some quality reading to rejuvinate me, so I printed out all ...

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Hi Chisan, You would buy at the break of the pin around 141.60. And your stop loss would be just below the low of the pin. (most people will add a few pips to the high for the entry and minus some pips from the low to set their stop loss) Those are ...

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In for page 1500. I love round numbers. I'm a loser...... But seriously, I bet Jim never expected this thing to get this big. Thanks for everything Jim! Take care folks, Tom

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aka Raczekfx

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