Thanks for your question. I think I know what you mean. In fact when I arranged all windows (15 on my MT4) vertically I immediately saw that pin bar isn’t good (clear and obvious, as you said) enough, with fewer candles than those from my last chart.
May I ask another question: last quarter many short term traders were affected by low volatility of the currency market. I wonder how that affected longer term (say, H4 and above) traders. Would you say that your group was not affected at all, or was affected but not that much compared to short term traders? I know it’s not an easy question, but maybe you can tell me whether you saw significantly fewer valid setups, or have experienced lower success rates during that period?
Thank you very much. I look forward to learning more from you.
update, this trade give me some pips now.
But as Johnaton told us that either a bad PB can also become a successful trade, so I still want to know whether this is a good setup or not. Please give any comments about this.
I’m just a beginner but from what I can see it looks like a solid trade. Recent strong up trend. Been making higher highs and higher lows. Looking at the daily it looks like a decent pin too. I’m in the trade on demo now with my first target at VBRN 90.00
Would also like to get some opinions from the pros.
Sorry to say dude but I don’t love it, there is very strong downward momentum prior to the pin, (although it does ease up a few bars before it to be fair), but more importantly I would prefer a much more bullish close to the pin and for it to be a bit bigger. The downward momentum and large bars aren’t a deal breake,r but generally we want to see a big, obvious and perfectly formed pin to feel comfortable that it will reverse that momentum.
It is off a great level and with trend which are both positives, but for me it is a B+ trade
Fair play to you for posting and pushing for feedback even once it has gone in the right direction!
Something that helps me is to think if I was laying say $1000 of my own money on a signal, would I trade it?
Oh, I didn’t know we can play just based on just RN and VBRN. I thought it had to show s/r also.
Like the eur/jpy, was trading up to the 119, however on daily doesn’t show it as strong resistance, and I would think 120 is the better target. On 4h the 119 seems like nice resistance though. At my current time it does seem like its rejecting it.
That level is a support level. Not major but enough for such a stong trend. Notice the way price rejects and moves lower before gaining momentum and moving through. With such a strong trend would not then surpise for price to move back down and reject again only this time acting as support.
