Yes, Toyogo, my TP was @88.26m it worked out nicely Actually, I left the second part of the trade to run, half was closed earlier with + 35p
Hi Kevin,
Because thatâs how high probability trade pinbars are typically formed (thatâs what gives us an edge).
Have you read through (at least) first 50 pages to find out what this methodology is all about?
Read these please:
>> Pin Bar
Yes, thatâs the point; you need to use charting from a broker that has 5-day NY-close charts
Excerpt from page #1 post #1:
When posting please include charts to explain what you are looking at. The charting equipment we use is [U][B]New York close 5 day charts charts[/B][/U]. If you need a link to open a free MT4 broker please just message me as this is very easy. A few MT4 providers with these charts in demo are FXDD, FXpro, Pepperstone, Axi Trader and HotForexâŚ
My pinbar setup did great today. It was the first time in during my relationship with forex when I had a plan and I knew what i was doing. The odds were in my favor because i picked a setup with pinbar at support level which also matched with a daily trend line. Until yesterday I barely knew what i was looking for in the charts, but now I see what I was missing. Gambling is what i did before, because all I could care was to make a quick buck. I was pointing pinbar here and pinbar there, but now I realize I didnât even knew how complex pinbar is. I was shooting while blindfolded. It was my laziness and lack of determination to LEARN FIRST AND TRADE LATER. I Will learn now. It feels better when I have control and discipline.
This thread is so awesome, I think I have seen it before but I was too lazy to read through the first post. But I did read it few days ago and bam! The light of knowing illuminates. I will buy Johnatonâs membership for sure. I want to learn more.
Never give up - repeat practice - succeed
Yes even the very worst setups work out from time to time. Some super ugly pins will work even when from horrible areas. This does not mean that by trading them you will make money. The reason for this is whilst they can work out much more often than not they do not and taking them will just eventually end in losses.
Great call. Yes it was trading into support and well done to spot this and pass on the trade.
Super trading mate.
Solid and obvious signal in line with obvious trend and at pull-back to swing low. Very simple and obvious setup and well played also.
Fantastic job.
Johnathon
Great job. Sounds like you have had a real break through moment or an âah-haâ!
Feels good when you have one of these and thing fall into place and begin to make sense. Some people donât realise how close they can be for this next break through.
Your next challenge is to hold onto the nice profit and build on it. Donât get over confident and fall back into trading something less than perfect. Wait and watch and then pounce the next time your edge is present.
Superb job,
Johnathon
Thanks for the in-depth explanation bluebird
cheers pw
Hi, I saw bearish engulfing forming now on AUDCHF maybe short after pass low of the candle tonight⌠Its with trend direction. I thought yesterday that is pullback but its agains the trend, someone looking this chart?
Also on CADJPY nice pulback with strong trend:
Iâm also on this trade but I went from a 12H chart pin bar. Entry a few pips above the pin bar high.
The price is in a trouble area right now and Iâm looking into closing if indecision is present.
Hi all,
Potential setup GBPAUD Daily Chart as follows:
Bullish pin bar forming at support level. However, it is against the current down trend.
Anyone would like to take up this trade with low risk?
Just up for open discussion.
Thanks.
Just want to say well done guys on the Pin Bar trade. I personally would have traded the last engulfing candle on the chart, The fourth candle along. What do you think guys ?, just an opinion. Please forgive I am still trying to get to grips with adding Charts and quotes. #6285 and #6289
Sorry for going off topicâŚ
Hi guysâŚ200 pips profitâŚmy biggest winâŚthanks bp.com and mr.johnathon sir.
I have got 200 pips profit with my divergence trade with daily chart of eur-usd.
I am very happy cozâŚas i am very interested with divergence from the day i completed the topic in the schoolâŚhere is my set upâŚ
Entry at 1.3060
stop loss 1.3000
tp 1----1.3120,
tp 2----1.3180.and there i put my breakeven point at 1.3150.
And finally i closed the trade at 1.3260.
Hi Fil!
Thanks for frank comments, hope I can clear the confusion.
- GBPAUD D1 pinbar: swing low: see charts below:
- AUDCHF D1 pinbar âvalidityâ
-> I clarified after that by ânot validâ I meant ânot tradeableâ
-> That is: the pin was technically fantastic, but where it was formed made it not tradeable IMO (charts below)
- AUDCHF D1 pinbar âswing highâ
-> As shown in charts in (2) above.
-> The swings you showed are indeed swings. The issue is: the pinbar is not at the HIGH OF ITS SWING
Hope that clears it up.
Cheers!
Eur/Aud
Hi All,
See the attached Eur/Aud daily - BUEB forming at swing low and the weekly chart where a pin bar is forming. Potential long trade on close of daily. Potential to previous highs at 1.2780. What you think?
Daily - BUEB forming
Weekly chart - see the PB forming at swing low.
Hallo liangko!
If it closes as is (as a pinbar), I will pass, because right now it is under (new) resistance. I will instead look for short PA on H4 (pinbar rejection appears as a pullback).
If the current pinbar however closes as a BUEB (by climbing higher through the S/R zone), I will go long with it.
Cheers!
Dobo
Draw a line through 1253. Snack bang under support this one.
RMc
Hi, I am going to enroll into FSO, can any senior member post a genuine review of the membersâ area?
I am asking only because forex world is full of scams right now, donât wanna risk hard-earned money on something not worthwhile. Hope u guys understand. Thx in advance.