I think the close of the pinbar was not below the earlier S/R line. Maybe that was the problem.

james16 Chart Thread

Just a small profit, didn't went far as I expected. Well the month is over, and I have a very good result.

Journal of The Lord

Thanks for explaining sir. Hmm.. I completely misread the bars. Good insight for future trades.

james16 Chart Thread

It seems be in a nice fib level as well..

james16 Chart Thread

Nice trade sir. Just a question.. Did you take the consideration of the 3-day pinbar as well? I mean, you might have that in your mind while you were in the lower timeframe. image

james16 Chart Thread

Gbp/Jpy Daily — Easy pips. With the trend, rejection and bigger FTA, what else? image

Journal of The Lord

I move to breakeven as soon as I see 30 pips in my favor (no matter how big the target is).

james16 Chart Thread

Eur/Jpy 2-day pin — With the trend, good rejection from resistance, no traffic, good FTA distance. An A+ setup! image

Journal of The Lord

Eur/Jpy 2 day pinbar — Currently, I am in this trade with my broker. Already moved to breakeven. Nice one with the trend and against a resistance. A clean traffic and a good FTA distance. image

james16 Chart Thread

Haha, I think he has several secretaries, some to speak out posts for him and some to type for him.

james16 Chart Thread

Not rude at all. I understand what you mean. Psychology is important but learning from these psychological mistakes is very very important. Just saying 'Ah, I made such a silly mistake' and repeating it again is bad.

james16 Chart Thread

I don't think its pointless excuse. Psychology is in fact a key to success. Controlling emotion is important in anything, whether its chess, some other sports, etc. I have seen people with lot of talent fall apart when they start to get few losses ...

james16 Chart Thread

Oh god! what a silly trade. Good that I lost it.

Journal of The Lord

Cad/Jpy H4 — Easy take. Nice trend, divergence and 61.8 fib. image

Journal of The Lord

gbp/chf h4 — With the divergence and trend, but small pin. Lost. image

Journal of The Lord

Eur/Jpy H4 — With the trend, nice resistance, two-bar pin. Nice profit. image

Journal of The Lord

I use trailing stop this way: First of all, if the pin bar's tip is less than 50 pips (say 40 pips), I put trailing stop loss of 40 pips instead of normal SL. If the tip of the bar is more than 50 pips, I look for left eye, or PPZ and then place ...

james16 Chart Thread

No, I mean the following way. Just use a trailing stop loss of the same pips you intend to put normally. Then when you are up some pips (say 30 pips), move to breakeven and everything is normally managed. No trailing after moving to breakeven. You ...

james16 Chart Thread

How about making that stop a 'trailing stop'? I put the stop behind left-eye or below major s/r zone (whichever is comfortable), but always a trailing stop. It has been a good improvement on taking care of losses.

james16 Chart Thread

Your statistics is pretty sound sir. But, I have seen guys trailing their profits with 1400 pips in the bag (Reference: Clockwork's 'Silent Service Method'). They are weekly trades. Intraday trading is quite different. Personally, I don't feel any ...

james16 Chart Thread