Dear fellows:
As you know, today a lot of pairs opened today with a gap. In the case that the daily candle opened and closed over the previous candle, could be this considered as BUEB?
Thanks,
Hahahaā¦ That is magic mselva!!!
I like that innovative approach.
However itās not in our books as far as I concern, thanks for your input.
what happens most the time with gaps is that they get filled,not fully this time though .
Cheers.
[QUOTE=āmselva;526000ā]Dear fellows:
As you know, today a lot of pairs opened today with a gap. In the case that the daily candle opened and closed over the previous candle, could be this considered as BUEB?
Thanks,<img src=ā301 Moved Permanentlyā/>[/QUOTE]
Iāve never thought about it like that but it seems to make sense. Be interesting to see what everyone elseās thoughts are.
[QUOTE=āKasravi;525997ā]Did you take the aud/usd trade Krugman?[/QUOTE]
Yes, I entered on the break of the 4 hour Pinbar.
As said, I was looking to enter,however saw it too late.
Just had a look at it again,looks like it made a sharp turn.
Saw a similar rejection of the 0.9500 region on Aud/Cad, but with what just happened Itās a dud.
Thanks for sharing anyway.
Cheers.
Hi eternalā¦
Iām going long at 154.74. But that was over 12 hrs ago for me. Yeah, iām losing. Do you really think itās going down? Iām very close to taking a hit on it now, and then to go short. This is the only thing Iām trading now. I do think something major is gonna happen in about 2 more hrs.
Thanks.
Mike
[QUOTE=āKasravi;526005ā]
As said, I was looking to enter,however saw it too late.
Just had a look at it again,looks like it made a sharp turn.
Saw a similar rejection of the 0.9500 region on Aud/Cad, but with what just happened Itās a dud.
Thanks for sharing anyway.
Cheers.[/QUOTE]
Right now price is sitting around where I entered earlier. Volume is super thin right now so price isnāt really doing anything meaningful, just bouncing around in a 10-15 pip range. The Pinbar is still valid as long as the top isnāt taken out. Currently in 3 trades, 2 are way in profit, and this one which hasnāt taken off yet.
Hey Mike, I really wish I could be of help but I am just a Newbie, I was 20 pips green so I took my profit based on the advise I got here and will see if I was wrong in a few hours
Sorry and good luck
Yeah nothing is happening nowā¦
I gonna guess you are in gbp/cad and any of they jpy pairs?
cheers.
I entered this one too at .8988 went green a while and now red a couple of pips I kinda regret I didnāt close it earlier hope it goes south again
[QUOTE=āKasravi;526009ā]
Yeah nothing is happening nowā¦
I gonna guess you are in gbp/cad and any of they jpy pairs?
cheers.[/QUOTE]
Long USDCHF from last week.
Long USDJPY last night.
alright I remember you posted the usd/chf trade.
Good luck,mate.
Cheers.
[QUOTE=āEternalNewB;526010ā]
I entered this one too at .8988 went green a while and now red a couple of pips I kinda regret I didnāt close it earlier hope it goes south again[/QUOTE]
Trades donāt always take off right away. Sometimes they meander around for a while building up orders. I try not regretting a loss since losses are inevitable, I only regret breaking my trading plan or taking a crappy signal. In this case I think the signal and level were good and personally fit my plan. If it does turn out to be a loss I wonāt regret taking it.
Hi:
I lost in this setup. I would appreciate your input in order to identify what I missed in my analysis. For me was an A+, obviously a mistake.
Thanks in advance.
Best Regards,
Iād like to take a stab at it. A more desired setup would have been if the pinbar was up in the .9500 region. I would not be surprised to see price hit this area and find serious resistance. Also iām not sure how far below the pinbar you put your entry order, if you would have set it 10 pips below your entry wouldnāt have been triggered. I like to use 10 pips above/below the signal as a good buffer from false entries.
Thank you Krugman:
I have been analyzing this and addition to forget the VBRN I think my resistance should be higher considering the previous PIN BARās wigs.
Regards,
Kasravi- My hands are pretty numb right now sitting on the CADCHF 12HR short I took going into the weekend. But, I think you are correct, and people just need to be patient and have confidence in their methods. Plus, we had a holiday Monday.
Hey guys, what do you think of the H8 pin bar on Gold? There is a Daily bearish pin bar and weekly bearish pin, what do you guys think?
Cheers
Adam
Gold H8
Daily Pin - Bearish one and bullish
Gold Weekly Pin
Hey mselva
About AUD/CAD
Iām no expert, Iām still learning PA and trading in general, but this is how I understand this setup with a guidance from a friend.
This pin bar setup would have been great if it had formed more higher, meaning that the body would have closed/formed right under the resistance you have set.
At the moment there is still to much room for the price to move upwards, even though the wick did touch the resistance, it didnāt really penetrate it nor did the candle close near it. People are still pushing upwards in hopes to cross the resistance.
Thatās why resistance level + bearish pin bar formed right under it (not like it did now) persuades majority to go short making it a great setup.
Thank you SkyHigh.
Great comment. I agree and Iām taking note.
Best Regards,