No silly question at all Danc ...my pleasure to help .I'm up at the midnight hour You learn the basics of the strategy you can do very well.Sometimes you have to wait for a good set up.You can get more more than enough trades from my experience so ...

pin bar trading

Thanks Danc, That rsi 5 is a good directional tool or indicator if everything lines up. What we are trying to do is get the probabilities in our favor. That 25% close candle is a good price action signal so for. We want to trade the meat or middle ...

pin bar trading

This was a nice set up with a very strong close.It was tempting but the reason i didn't because of the risk.My pivot low was barely half my risk. Traders did well here and the break even was not taken out when price reached cover point.That is ok ...

pin bar trading

Another great runner if have you multiple positions . Stay humble and don't get greedy.Nice x-mas gift anyway

pin bar trading

Also anyone has multiple positions i would take some more green. First position should have taken you to at least a 1:1. 2nd position should be around 1:5 or least place a trailing stop...don't be greedy.Should have been covered to break even after ...

pin bar trading

good job Danc !

pin bar trading

Danc, Here is the Aud/Usd.I think that was what you were referring to in your reply above. Now this is the highest high of the last 4 candles on a sell position.You can see how deep price pulled back. Our risk would only be the one candle risk . ...

pin bar trading

Ok i can look at this chart and tell you it's the lowest low of the last 4 candles.By no means am i trying to change the 5 candle low or high set up just something to think about on descent or deep enough pull backs. I've haven't really tested this ...

pin bar trading

Thanks Danc, I hope all is well. Keep practicing to fit your style.Merry christmas to you as well my friend.

pin bar trading

Let's go over the rules 1. Highest high of the last 5 candles . Yes 2. Daily rsi down yes 3.Lower 25% close entry yes with a bonus close and low 1 pip or less yes means strong close 4.20gmt not the best time 5.Sweet spot between the 50 and 40 yes 6. ...

pin bar trading

Great momentum at the right time with no heat. Some traded this one earlier in the week and i had to pass because of risk.All other rules applied.Do i feel bad not taken this trade ?Absolutely not.Sometimes it just boils down to how risky of a ...

pin bar trading

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pin bar trading

Okay guys and gals have a great weekend ! I'm going to do a little x-mas shopping .

pin bar trading

Nice runner here if you have any extra positions left !

pin bar trading

This was a nice setup if traded.All rules applied and great momentum--without any heat at the right time of candle close. image

pin bar trading

No Heat !Risk is good versus candle risk .12 gmt candle entry. All rules applied ! In the money now and time to cover ! It's a good feeling to have the last 3 trades winners but we still have to stay humble and play smart money management . Have a ...

pin bar trading

Nzd/cad chart above . 2 x risk here also ! Good time here also at 12:00 gmt . image

pin bar trading

Should be in better shape now 2 x risk !

pin bar trading

Where is my entry here ? I can see the entry candle without drawing anything on the chart. I can also see the lowest low of the last 5 candles .Hint :Remember me telling you about the # 2 candle entry after the lowest low.Once we meet all criteria ...

pin bar trading

Ok Folks should be covered by now ! Remember i said to look at risk first . Ok we was within 2 pips of candle risk(28pips) versus pivot low to the left --so that is acceptable in my eyes.Once we look at our risk we apply our rules.One more tip ...

pin bar trading