Hi Pipsja, when trading pin bars i usually don't prefer to take trades using this sort of money managment, because it will keep you out of good pin bars.because in general the larger the nose of the pin the better it gets, and if you wonder abt ...

james16 Chart Thread

Aud/Jpy Trade... — here is another trade i took of a pin bar on the Aud/Jpy daily chart:

james16 Chart Thread

here's how i managed my trade, i took the trade 1.5710 and straightaway knew some part of the position had to be closed around 1.577 region where there is a PPZ, i thus closed out 2/5 lots around this region and 3/5 of the position is still running ...

james16 Chart Thread

congrats on the success of both of your trades, i took an Eu long myself this morning +43 on it...so great going bro!

james16 Chart Thread

yeah it is a valid pin bar i agree to that...l

james16 Chart Thread

that is'nt something very bice i am glad you held on to the Euro long but why are you still in the Nu trade, after that wick on your charts was more than 30 pips you should have got out atleast at breakeven....anyways younow need to look what price ...

james16 Chart Thread

so were you able to get something out of the Nu trade?? and are you still in the Eu trade??

james16 Chart Thread

yes it was a tradable Pin bar according to your chart as i told you and if you follow smart money managment you could have well made money off it too, did you take it?? and let me tell you one thing more abt Pin bars, every one of them taken no ...

james16 Chart Thread

ps... if i were you Aftab and was trading on the chart you posted it would still have appeared a good pin bar to me and i would have taken it, (but only on the close of the pin bar not before that and not after) as you can see i would not have been ...

james16 Chart Thread

that pin is'nt all that nice on my charts, all i know is that 0.7392 is an important price level and is also around the 50% Fib on the shorter terms swing on the weekly, since i don't see any PA indiaction on this level yet it's a no trade for me. ...

james16 Chart Thread

Gbp/jpy...a thiking assignment for SHS lovers... — Hi guys, so a great inverse head and shoulders on Gj, i was long earlier on having ignored the huge fib conflunce region coming up soon, had to bear a few losses of that last bear run... so ...

james16 Chart Thread

yeah that's it i guess nicely said Bundy...

james16 Chart Thread

you can draw all the fibs you mentioned in the post infact any fib is valid right from the beginning of the uptrend from 2001.. but ofcaorse that will clatter things so bad you'll hardly see your candles. the main idea is to spot confluence and ...

james16 Chart Thread

The Eu situation... — ok we had a few qs on where did the long run on the Euro suddenly vanish, to me it appeared nothing more then just a typical Friday close characterstics, with the big parties absent from the market low vlume trading can ...

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Hey Diggsnoob thanks for pointing that out but i was already aware of it i was using the word "confluence" in the general meaning not the word Jim uses for that specific situation he calls Fib confluence but i guess that can create confusion i'll ...

james16 Chart Thread

in the beginning stay away from news more than you look to trade it, keep it simple go on to the hgiher tfs and enjoy the lack of noise there, it may seem boring at first but i bet you'll feel more comfortable and a lot realxed as you get used to ...

james16 Chart Thread

i second moneybags opinion i forgot to mention this point, if you're a new trader first of all you should only be looking to take pin bars and good PA setups besides the 1H is too difficult to trade anything under 4H is just out of bounds for a ...

james16 Chart Thread

i have already discarded this pair but from what i see on your chart you're basically targeting the lower highs and the tails that ar in the making, personally i feel these kinds of trade are difficult, yes you're looking at the primary definition ...

james16 Chart Thread

Eu fib confluence... — this is what i mean...

james16 Chart Thread

yes that was a valid pin bar setup, were you able toy spot the Fib confluence?

james16 Chart Thread