Hi tonyro, I was actually looking at GBP JPY…got stopped trading a 12h pin.
Cheers
O’h ok i thought it was USD/CHF , I agree with you 100 % and i like that pair. I trade that pair often too.
Thanks ddi-
A Pinbar is just a reflection of price moving between stacks of orders.
There’s no arguing the signal is a strong one, but, it needs to be traded in context - ya know.
Take care.
i ve been losing so many trades over the last few weeks…luckily i’m managing my risk ok but it seems that every time i enter a trade the market is gonna chase my SL…it’s so annoying…well lets move on…
cheers guys
Do you keep a journal?
Is there a commonly recurring theme amongst your “losing” trades?
If you consistently lose and lose badly this is actually a good thing. Jokes aside you could be getting boned by traps. If that is the case work out if trading the opposite position in some cases could be a profitable strategy. You might have basically become really good at spotting traps but just not working out what they are. Once you can do this then better than avoiding them, exploit them.
Well yes i’m keeping a journal. I need to carry out a full review. I’m trading quite obvious pin. probably i need to avoid countertrend trades which will drastically reduce the number of trade i take. the other problem is that i take small profit when the market is going the right direction (several times i could have got more pips) whilst i get stopped when i’m wrong. Overall i’m quite happy about the way i lose because the risk is set as well as the size so i can say i’m surviving but being profitable is something unknown for me. need to work harder 
Cheers
Oh yes pipwhip!! if i’m really spotting traps i seriously need to understand and exploit the situation.
From the sound of it , it just looks like all you need to do is a little adjustment to your trading
.
After consolidating for some weeks, it looks like we might be seeing some movement on USDCAD. Nice BUEB in line with the uptrend, hinting at a move higher. If it can break the high, we’ll see what price wants to do at the 1.1200 level.
On the 1HR chart, price dipped below support and immediately shot back up, printing a large BUEB on the way.
More action on these CAD pairs! All in confluence with each other as well.
EURCAD Daily
CADCHF Daily
Thoughts?
Not going to trade these…YET 
Gonna see if EURCAD forms a clearer retrace, CADCHF shows a clearer resistance and retrace and USDCAD Breaking past the resistance. Currently watching the NZDUSD, GBPAUD also.
[QUOTE=“Pippin it Old School;613308”]More action on these CAD pairs! All in confluence with each other as well. EURCAD Daily <img src=“301 Moved Permanently”/> CADCHF Daily <img src=“301 Moved Permanently”/> Thoughts?[/QUOTE]
You’re confident buying/selling at the most extreme point of two substantial trends, in the face of major technical resistance/support, near the top/bottom of a short term range?
I have a question, let me hear your opinions. When is a setup invalidated?. I mean, I know that when you spot a good setup you set your entry orders 10 pips above/below the setup, BUT what if the price goes the other way around? Or maybe after the setup the price enter a period of indecision?
Posting a recent example:
Is this setup no longer good, so you cancel your order? Do you wait?
Just an analysis sir!
And to be honest with you, I’d much rather you tell me your opinion.
I’d give it more time in this situation.
[QUOTE=“bhops;613348”] I’d give it more time in this situation.[/QUOTE]
That’s an awesome question.
I’d say that if your not filled, but your “stop” is hit (I.e. Where your stop “would” be), you’ll prob want to abandon the trade 9 out of 10 times.
Can you think why?
A setup is invalid when it hits your stop. You enter your stop assuming that’ that’s the point price will most likely not hit if it goes into a period of consolidation or the opposite direction. So if it hits your stop? Then the plan did not work out (it happens you know?) I’d wait it out for both in either case. Forex has a way of playing with your head. Don’t cancel your order. That would imply you do not believe in your initial assessment to setup the order in the first place. Why contradict yourself?
I think the entry should be at the break of BOTH bars for the 2BR as well.
CADCHF D1 is good.
The trade would be with the trend which is good. BUEB is at resistance which would indicate that the uptrend continues BUT as Jonathon said BUEB should be at swing low from pullback. My question is: Can we trade that BUEB from swing high but with the trend? . The retrace of the uptrend wasn’t that confident (it didn’t even reached support) but the retrace/pullback happened which is ok. The only problem is where that BUEB signals would take the price. I put a stop buy pending order on it with few TP.
CADCHF Daily
Thoughts?
THE PRICE IS ALL TIME LOW (during the pair’s history). Trading that is very uncertain. I’d only watch where it goes from now on.