hey sawa go a few pages back, i posted about the USD/CAD. As far as what you should do. That is something you gotta test over and over until it fits your trading style. That is a good thought process though! Best of luck Mike

james16 Chart Thread

any time HEY BUNNY!

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I dont have that chart on my MT4 if you could post a chart that would be helpful. Thanks

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well from the quick look, you should have definitly got your stops to at least b/e. Don't forget trading off these lower time frames the bars become less and less reliable. A pin on the day has a much greater meaning then a pin on the hour. That is ...

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Hey sawa, On your gbp/jpy trade i am not sure where you got stopped out and I am assuming the chart you posted is a seperate question about the USD/jpy. Yes that was a 2 day pin bar that led to a one day pin bar. At the very least you would get ...

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well increasing you rnumber of trades doesnt make you more succesful. I try to only take the best trades because i trade to make money not just to trade. I don't know your situation but i just dont want people to assume i find every possiblity to ...

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now here are examples of neutral bars and one pin so u can compare. Remember these bars don't have the same look all the time. A neutral bar can look diff ways

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ok here is the pin bar i pointed out a few pages before this is really good looking one on the weekly chart

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Hello panjan, Ok think about a neutral bar simply as the opening and closing both ending up in the middle or near middle of the bar. The most obvious is when the open and close are identical in the middle giving us what looks like a + sign. An ideal ...

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Hello gateway, The difference is where the open and close are located. For that example we would want the open towards the top of the bar and the close above the open towards the top of the bar. Instead the open and close are nearly identical and in ...

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that would be a neutral bar(shows indecision) Best, Mike

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Hey Melinni, It really is up to you, since the close is so low to the break of the pin, one migh assume it will break it early then probably retrace up again. I will probably watch the 1 hour or 4 hour for an entry but if I am away from my computer ...

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You can play this as you would play any other pin bar. You can play a retracement and give yourself a smaller stop. This is the more aggressive way to play these bars. Or you can play a break like you would a normal pin bar,. It really is up to you ...

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I agree. I would definitley wait for a break here if you decide to play this one. You can see though this pin did bounce of resistance. This one I will not play, because I see much better opportunities elsewhere. I may use this to give me direction ...

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just to revist pipbirds question about combining bars Here is an example on the USD/CAD

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Pin off confluence and resistance

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Eur/CHF weekly anyone? see next chart for pin bar

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Hey great entry. TP is one of those things you have to decide on what works for you best. Some like to TP all at once, others at different levels. On your chart I may have made T1 where price is sitting now, you can tell we have support there. T2 ...

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ya, i just closed that trade for b/e and now its time to go drink some beers and enjoy the weekend.

james16 Chart Thread

I hold positions over the weekend, if it makes sense too. For instance if you are trading off a weekly chart or daily its not uncommon too. For this trade. I would most likely close it out or move stops to b/e. Especially with the strong USD dollar ...

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