Posts Tagged pinbar

Example of Pinbars not to Trade

Example of Pinbars not to Trade

Following on from my article on the pinbars to trade, i thought it would be a useful to identify some pinbars which are not good to trade. Hopefully between that article and this one, you’ll get a better idea of what is defined as a good one to trade and what is a bad one and hence avoid. Pinbar against a strong trend (unless its a Massive Move Pinbar - see http://www.makemesomemoney.co.uk/select-pinbars-trade/) Sometimes you see a 1 day reversal in an underlying trend.. quite often this is

October 22, 2013 No Comments Full Story

How I select which Pinbars to Trade

How I select which Pinbars to Trade

A lot of my trades have been off pinbars. Pinbars are great in that they show where there was some strong buying or selling. This gives you a clue as to what may happen next so it could potentially be a good place to place a trade in the direction of the pinbar and a stop underneath the wick. I’m writing in the context of bullish pinbars here but the same is true for bearish pinbars. All my trades with pinbars are off the Daily charts.. I don’t trade the intraday timeframes as I want more t

October 19, 2013 1 Comment Full Story

Scared out of the trade which would have brought in big Profits

Scared out of the trade which would have brought in big Profits

This is going back a while now but a trade that I had put on the 5th August - those following my Twitter feed would have seen this. I went long AUDUSD after seeing a pinbar as you can see from the pic below..  the next day it went up and the following day, you can see that there was some retracement. In the Daily chart, it looks fine but if you actually saw what happened that day, you would have gotten spooked which is what happened to me. I saw that I was 70 points up at one stage and then

August 14, 2013 No Comments Full Story

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