High - .7923

Daily PIN Bars

pips are beautiful things sometimes. The USD CAD proved correct, too bad I gave my computer a break and decided to sleep. at the same time. I missed it.

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yup, thats a PB alright. My only issue with it is the market seems a little confused. Things have already dropped below the 61% Fib retracement on the daily. And price would have to break up through some important EMA's, along with a downward ...

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yeah - I wouldn't consider it a PB because of the traffic. Wait a trough.

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EUR JPY — good call on the EUR JPY. I didn't catch it though... was asleep.

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Aww come on! You could've TRIED to trade it... but no break below the low... so you're attempt just would've failed. With no loss... so would it even be a failure?

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Very snippy. No need to get defensive when everyone is here to help.

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Yeah, I agree that you will not be losing trades just because 2 charting platforms look different. Price is the important, and you could make yourself insane looking at different charts and brokers if you really wanted to. In the long run, just ...

Any effect with charting MT4 but executing trades with non-MT4 broker?

woooah... that retracement of the PB is gettin mighty scarey! hopefully on its way back up...

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I think I'm still a little hazy here... is there any OTHER reasons to NOT take that USD CAD PB? I mean, besides being counter trend; my guess is - no matter what PBs that are counter trend, no matter how good looking, will bite you more often than ...

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Well, I mostly was worrying about the "end of bar retracements" or whatever the retracement bit was. So simplified, trading vs the trend isn't as good, or in his words "dumb". While I already know it is more risky, fine tuning things to the point ...

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so from yesterday — I wasn't around to jump in, but the basic point made between mike w and Ademac was... don't take pin bars against the trend. Was anything else missing?

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Can anyone think of why the usd/chf and eur/chf PB's ain't workin so well?

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Friday Pinbars — anyone know specific rulings for Friday pin bars? (which I believe both the last 2 PBs mentioned are). I'm rusty now

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GBP USD — I didn't get quite as nice a PB, even so, its been just hovering at resistance... it'd have to be a NICE PB.

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oh and something else... remember remember remember... Good pin bars that check off all of the above mentioned conditions are not very common. So another aspect of playing pin bars is patience and discipline. If there are no pin bars, then look for ...

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and mighty good rules. And when the PB follows all those rules AND tests a support\resistance, I like it even more.

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gosh! that thing is very nice... Like I said I missed some killer opportunities due to busy schedule... When I get home I'll see if I still want to get in on this chance to go short... might be a little to late --> too much risk too little reward.

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Well, in this case, the green dotted line is where I entered... its a poor entry IMO, because I entered late... I had family visiting and was very busy at work so I was unable to devote any time to looking at my charts. So, last night I checked out ...

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USD CAD — Delicious Weekly PB +155 pips from last night.

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