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Old 05-24-2008, 11:56 PM
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swordofrue swordofrue is offline
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Ive been distracted this week so I didn't trade much. Regardless here are some thought on the 4h chart.

First the arrow indicated a decent but not good pin bar. If I was trading I probably would of took it but I think it would of been risky.

However, the blue box is what I think is an ideal set up. You got three candles. First you got a doji which would make me think, ok lets see what happens. And then you got a hanging man. Typically I dont trade those. And then you get a pin bar with no obvious direction. I don't think it would of been wise to take a trade off of any individual bar. However, I think you could of gotten away with going short with those three candles even though the pin lacks direction.
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