That’s what I see too. the pin bar was formed at non-swing area , more like a ranging area. 6/6 and 7/6 formed 2 pin bar rejecting but still fail to go bearish. and I think there is a support line at the area around 0.8484.
yesterday formed pin bar rejected the support area around 0.8484 but still we can’t take this trade as it formed at ranging area but not swing. so the next move is still a myst.
U know if you move back to 4hrs, the pin that surposeto be formed on no man’s land, seem to have formed on a swing there. Its so confusing. Well, again I’ve learned. Thanks
As an ultraconservative trader, I always draw my resistance and support on daily and enter 4h trades ONLY from these levels. The intraday S/R is used only for trade management like TPs and exits. I believe this is even more important for pairs ranging on daily tf like the one above. So your pin was not on a significant enough resistance for me in spite of being on a swing high in 4 h chart. Hope that helps a bit.
Cheers
RAJ
Mhm… the EURGBP is just in a messy range right now, and the only two places to take trades from are the extremes (top and bottom of range). Bummer for the loss friend
Cheers
[QUOTE=“sirkay78”]
@Edmo
Thanks I appreciate[/QUOTE
Am still in gbpusd daily chart long since yesterday. Can I hold the position or to locked the pips?
That helps, thanks alot! Sometimes I still get confused 
Sirkay,
a) On what signal/trigger did you enter the GBPUSD D1 long?
b) What was your plan (SL, BE, TP) [B]before[/B] you entered the trade?
Please reply, this is important for your next steps
Edmo, forgive me but I’m going to be brutal, no it wasn’t and if you think it was then you are not correctly understanding the concept of swing high’s and swing low’s.
I know it might seem a bit onerous but I would suggest going back to the 1st 50 odd pages of the thread where Johno covers the concept of swing points in some detail.
Shorting EURUSD H12 Bearish pin with 61 Fib. Pinbar formed from Daily res area … its a counter trend trade. i want to know a little bit details from seniors.
counter trend, passed.
Hallo monjorra,
The pin’s counter but bouncing off a key Daily level
All the best with the trade!
I’ll be looking for longs around the 1.3285 area
.
If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?
Thanks, everyone!
[QUOTE=“cosminc77;499895”]If GBP CHF D1 will close the day that way, we have a valid pin bar on a valid swing point?
<img src=“301 Moved Permanently”/>
Thanks, everyone![/QUOTE]
Seems to me that it’s trading straight into a big box of traffic though?
Hey cosminc!
Great spot 
-> KHL: check!
-> Swing point: check!
-> Size of pinbar (ASSUMING IT CLOSES THIS WAY): check!
Now my only concern is SPACE TO TRADE INTO. There are (at least) two trouble areas above that pinbar that could stall/halt the climb upward. And (personally), only for that reason would I stay out of a good-lookin’ POTENTIAL trade like this
Cheers
.
So, we need to delete 7-8 days from the box to be a good looking setup… like Johnathon used to do 
Thanks again for your collaboration! Very useful!
A few people have explained this to you, but I get the feeling you may not be 100% be understanding what they are trying to explain.
This is critical. The area you made this trade from was a horrible area to trade from. It was smack bang in the middle of no-mans land and this is somewhere we never want to be getting into trades. You experiences a tug of war between the bulls and bears and you are going to keep experiencing them if you keep enetring in those areas.
When you enter in the middle the bulls and bears and going through a fight to work out who will push price where. You don’t want to be taking a part of this fight because this is when price can whipsaw in any direction and it can be no fun at all.
This is when you need to sit on the sidelines and wait for price to move into your key levels and then trade when the market has shown it’s hand. You have your key black levels marked. ( I am guessing they are your levels?) These are the only two levels you should ever be trading from. You should not be doing anything in the middle of that rubbish.
I recently made an article on this discussing this exact subject because I noticed a lot of people struggling with it. You can find it with the rest of the articles. If you have any questions please let me know and when I am back in here in a couple of days I will answer or Bryce, Dudest will help you out.
This is really crucial so don’t be shy about asking questions.
Johnathon
Sometimes it takes someone else to turn on the light.I think the light was turned on bright this time.)) great job explaining.
Don’t ya just love when you have one of those “AHA” moments? They are awesome! You can walk around for weeks felling confused and then all of a sudden sometimes without knowing why just all of a sudden “AHA”! and it clicks!
