This turned out to be break even trade anyway if covered at half way point. Our money was protected.Will see how the week develops..could be a tough week for trend traders.

pin bar trading

This was a good time 8 gmt --2 hours after london time.The only rule that didin't apply was that the rsi didn't dip below 50 and back up. I can see why traders got in this one. image

pin bar trading

Good job Monk.Remember on the daily Rsi we are not worried about the rsi being over the 50 rsi line on the daily unless you think it helps you be more consistent. We are only concerned about going in the same direction as 4 hr rsi. Just simply get ...

pin bar trading

Very Good Monk-your getting it. Good job looking at the risk factor--very important to me. Rule #7 also applies. We do not want high high's and Higher low going up if we are sellling. ...we like for it to be smooth sell.Not all traders follow these ...

pin bar trading

Here you Monk ---Eur/nzd =See if you can find signal here ? I'll check with you tomorrow sometime. Shut eye for me image

pin bar trading

Here you go Monk on the lower 25% candle close in detail.Hope this helps.There is other ways too but this is how i do it. image

pin bar trading

Hi Monk, Now we our making progress ..you got the charts up and it looks like it matches mine .This way i can answer questions 1 or several at a time until it all comes together. Lets go with #1 question = Not yet a signal but you have the highest ...

pin bar trading

Here we go Monk.This is a good example. But the signal was late on friday right before broker closing. image

pin bar trading

A. Not quiet Monk but your getting the feel of it.This was not the signal but let's go over it anyway.And i like your notes on your chart too. That way i can look at it.Keep that up.This way when i post the signal on this chart you can point out any ...

pin bar trading

Hi Monk, Here is a chart i just pulled up at random.There is a signal per rules.Can you tell me where it is ? You wouldn't want to trade this signal and i will tell you why later. This is just an example.A good exercise for you.Will go over it later ...

pin bar trading

Hi Monk, No problem with the questions.I'll do my best to answer 1. Quiet a few pairs ---fairly low pip spreads 5 or below pip spreads if possible. With Oanda broker i would say around 15 to 20 pairs...look at your major pairs first 2.This week 1 ...

pin bar trading

Ok i went ahead and edited post #1 image ---with the usd/jpy chart. This is a perfect example. Take care

pin bar trading

I posted this earlier post #390 and it worked out with traders that didn't use upper time confirmation.It was definitely a signal at a good time.Start of the US open my gmt 12 time.Should be in the money.See the very top pivot high to left --the ...

pin bar trading

You are correct Monk and thanks for pointing that out for me...i did edit that post. My brain was working overtime

pin bar trading

Your quiet welcome Monk. Ok Monk are you having problems with your 5 bar or candle count or top/bottom 25% close candle entry ? When i started learning this methodology this was the most difficult part for me....simple as it seems to be it can be ...

pin bar trading

Hello Monk, Hope your doing fine today.This is a pretty basic trend trading strategy with upper time frame confirmation.I know several traders that trade this one and they have there own tweaks and trade more aggressive than i do. I posted some ...

pin bar trading

Not that many trades this week-conflicting signals on upper time frame....the one i did take was ok which was the gbp/cad.You all have a good weekend . image

pin bar trading

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pin bar trading

If your a little more aggressive risky trader and wanted to fudge or bend the rules a little this would be a descent setup with confluence in the SR zone.Price broke the swing point (SR zone to left ) and price came right back into it with a ...

pin bar trading

We have a nice runner here if you have multiple positions Post #377 This is a little more than what i normally like to risk which is 87 pips.Remember this is the #2 entry which is right after the 5 candle low #1. We still have plenty of room ...

pin bar trading