Hey nico, When playing the break of a pin bar, it's best to do it a few pips above/below the high/low. Anywhere from 5-10 pips. It depends on the pair too. For a fast moving pair like GBPJPY you would want something like 7-10 pips. I don't mind ...

james16 Chart Thread

Hey nico, Those are a lot of questions. Let me start off by saying, you have to practise for a while trading all these setups to see which way you like the most and what works best for you. I dont recommend entering trades based on what other ...

james16 Chart Thread

That's some good investigative work Blue. Very interesting. But we can't really know if he overexposed himself, because there were no stop losses. For all we know, he had 300 pip mental stop losses that if they were hit would've destroyed his ...

i doubled 5k to 10k in a days

You sir, are correct! I will wire over $10,000 as soon as I make it using forex2money's foolproof trading system. In other words, when pigs fly.

i doubled 5k to 10k in a days

Well it's not so much the amount of profit ($5,000), it's the percentage. In this case, he doubled his account more or less. That being said, hellkas brought up the million dollar question: MM. I think it was non-existent in this case. This account ...

i doubled 5k to 10k in a days

Ok, nice. Do you want to share now, or are you just trying to make us jealous?

i doubled 5k to 10k in a days

Good to see you have a journal Tiki. Best of luck. I'll be a regular visitor. Tom

Tiki Trader Trades

Holy Crap!

Show your workstation!

Sure, that happens quite a bit. But for me personally, I don't know if playing pin bars like that without other additional reasons is a good way to enter. Also, the pin bars you posted were all broken to the opposite side many days after and were ...

james16 Chart Thread

I have never played a Pin when it breaks on the opposite side of where it's pointing. That's just me though. To answer your question, most people would consider a pin bar invalid after price broke the opposite side (nose). Personally, I agree with ...

james16 Chart Thread

Interesting looking 4H sell pin on the EURCHF. Could be price taking a breather after this big bullish day. Or it's getting ready to reverse. I'm already long from the Daily pin so I think I'll weigh my options later. I see a Price Pivot ...

james16 Chart Thread

It depends on the location. It's always better to have some kind of confluence, but sometimes the location alone can be good enough. In this case, it looks like the pin happened when price retraced after that recent drop. Just by eyeballing it, it ...

james16 Chart Thread

Hey Jatis, Although those trades have worked out so far, those actually arent pinbars. They are only Inside Bars. Even though they are shapped like a pinbar, they are within the previous bar's range. A pinbar needs to stick out from the bar to its ...

james16 Chart Thread

Wait a minute Seeking..... Are you telling me you're still short on the UJ from 117.XX till now? So you've made like 900 pips on that trade (aside from some earlier profit taking). That's f*&^$n awesome! Great trade and impressive patience. ...

james16 Chart Thread

Well, thank you for the congratulations although I'm not sure I deserve any congrats. I'm sure that if you stick to it, your day will come too. I've learned what I've learned through experience and talking to all the great folks you see here in ...

james16 Chart Thread

Good thing Tiki. It was a risky pin bar to begin with, but entering on the close or on a retrace with this one would've been super risky. This is where discretion plays a huge part in PA trading. You gotta step back and really look at all aspects.

james16 Chart Thread

I also didnt have a pending order on this one or the EURCHF. I pass on these types of pins. They look good at first glance but you gotta look at the big picture. That pair had dropped like a rock and has been in a downtrend overall for quite some ...

james16 Chart Thread

Hey Chris, IMO, smaller timeframe pinbars usually shouldn't be a reason for you to exit, but based on your chart the pin bar forming is the same timeframe, right? Both on the Daily. But the daily is still a while away from closing. If it does close ...

james16 Chart Thread

How about 232.50 with a big juicy pin on the 4H or Daily? I'll settle for that. Tom (pardon my photoshop skills. )

james16 Chart Thread

Awesome! That's very helpfull. Sorry I took so long to respond guys. I've been having issues accessing FF from home. Thanks Aktur and big Mike. All the best, Tom

MT4 Pip Value Indicator?