Alot of good trades that i just missed. GBP/CHF, CAD/JPY, AUD/JPY. I wish i saw this thread a few days ago. Very nice system. Thanks, Ash

AshFX Daily

EUR/CHF is hitting strong support level. That's the problem with that one. Paris

AshFX Daily

Friday morning i got into 3 pin bar trades on the 1 hour chart. I made +84 pips on the GBP/JPY and i made +26 pips on the EUR/JPY. I held a position on the AUD/JPY over the week end , it's currently down -19 pips. The aud/jpy was really a roller ...

Any pin will do?

A scalp would be about half to two thirds of what i have my stop loss at. I don't trade all pins. For example if i have a pin but the wick is about the same high/low as previous candle. It should be making a new high or low from previous candle. ...

Any pin will do?

I had 5 pin bar trades today. One stopped out and the other 4 won for a total of +58 pips profit today. I have another tip. As you know i use bollinger bands. Another very solid pin bar signal is when you have stochastic set up 8,3,3, 80/20 with the ...

Any pin will do?

My last 4 pins were all successful. USDCAD on the daily now I've put a limit order pending in order to trade the other side of it from new pin. EUR/CHF on 4 hr was good for 48 pips and two scalps today of EUR/USD 1 hour +15 pips and 1hour EUR/JPY ...

Any pin will do?

I've just started learning how effective pin bars are, for a couple of months now. If the entire candle (wick) measures more than twice the body of the candle I consider it a very good pin bar. Then, it's great if it's bouncing off some type of ...

Any pin will do?

I think this is about the most profitable and consistent method here on forex factory. I've tried dozens of systems on this forum and i'd say the pin bars are about the best strategy. Paris

Any pin will do?

Yes those are good ones. I don't normally look at hour charts so i missed those. I look at 4 hr and daily. Paris

Any pin will do?

Nice pin bar on the EUR/CHF 4 hr. time frame. The pin is also bouncing off the 62ema support level. Nice! Paris

Any pin will do?

If you get a pin bar and indicators are showing divergence, this is a very strong signal. Paris

Any pin will do?

The way i measure a pin bar is the wick of the candle must be at least twice as long as the body. one and three quarters is o.k. too. The longer the wick the stronger the signal. Paris

Any pin will do?

I also look at pin bars for entry and they have a high accuracy rate. The best pin bars are when they're bouncing off support and resistance points or piercing the outside edges of the bollinger bands. Take a look at that and you'll see they're 75% ...

Any pin will do?

What are the forward results with the original EA created by Mike , for all the pairs especially the EUR/JPY? There must be a year of forward results. What are the stats? Thanks, Paris

Daily95pips

I happen to miss this one but there was a very clear divergence yesterday on daily time frame of the EUR/AUD with a pin bar and clear signals with the rsi and cci showing divergence to the new data low. It was even bouncing off a strong support ...

Divergence trading

There was a nice divergence trade with cci and rsi with a pin bar about 12 hours ago on the 4 hour time frame of the AUD/JPY. So far it's in profit. Paris

Divergence trading

The way I do it and the way the 40 year veteran trader does it is we put a 62EMA on our charts. Price most often seems to gravitate to this level, hovers around it and sometimes breaks it. When price breaks the 62ema you have money in the bank. You ...

Divergence trading

No, I don't have a arrow indicator for the rsi and cci indicators that tracks divergence. You can simply use the arrow indicator in this thread and then check to see if the cci and rsi confirm and if you have a pin bar. I only look for new lower ...

Divergence trading

Another trick is to when you get the pin bar with the divergence signal is to open a limit order at the beginning of the next bar. Usually it will retrace back to the pin bar about 50%. So you can place a limit order at the fiobanncci retracement ...

Divergence trading

Yes, I'm using it myself with alot of success. If you want more signals you can go to other time frames such as 1 hour, 30 min and 15 min. Best pairs are Eur/usd, gbp/usd, eur/jpy and gpb/jpy but i usually watch about 12 pairs on the 4 hr and daily. ...

Divergence trading