Posts Tagged pin bar
I've had a really good week trading the markets... just under 300 points in profit in total through being extremely disciplined and selective with my trading. I find that there are so many personal caveats that we have to work on for ourselves to improve on our trading. The markets cause havoc with our emotional states and it's easy to swing from elation to desperation to frustration all in a few minutes! Being too far into any particular emotional state is disruptive to your trading and overcon
October 26, 2012
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I went long on the DOW the other day, see the daily chart of the Dow below... it had hit support and the second time it did so, there was a pin bar pattern indicating strength with the buyers. The second day, you can see continued strength but today, there has been some selling. I went long at the break of the nose of the pin bar and my stop is 5 pips under the bottom of the pin. The trend is down however but this is a reversal play. It is risky considering how weak the market is but this could
May 25, 2012
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On the 26th evening, I checked the markets for longer term Position Trades and I saw this and got quite excited! This was the Euro (EURUSD) and you can see that the price action had bounced off the resistance line.. the pin bar pattern on the daily candlestick showed some healthy selling.. the market is going down! I shorted at the close of this candle with a target towards 13000. My stop was just above the tail.. the red horizontal line marked stop.
I was going to leave this and just wai
April 27, 2012
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