I agree that the overall location was in fact a good one, especially if you have a close look on weekly charts: double high with divergence building up. However, location IMO is not only where the bar forms, but also what it is facing because it ...

james16 Chart Thread

That´s right. However, depending on your broker feed (slightly different closing times for the daily bar), you can have these trades easily go for 20-30 pips, trigger your order and then reverse. Currently I´m trading daily/weekly charts exclusively ...

james16 Chart Thread

Couldn´t agree more. People get lured into trades by the perfect shape of the pin bar but they disregard the importance of location. I rather prefer the other way round: If location is perfect I´d be willing to take a rather ugly pin bar as ...

james16 Chart Thread

Thanks Jig! RM

james16 Chart Thread

Ghous, what broker/MT4 provider do you use for AUD index? Cannot decipher it on the picture... Thanks RM

james16 Chart Thread

No, but this one... Great job, ghous! RM

james16 Chart Thread

I know, but your post. RM

james16 Chart Thread

Not trying to discourage you, and also not saying this beautiful pin bar cannot still work out. Just wanted to point out what it is facing. And if I may quote James16 or Jarroo, respectively: Just trying to help, no offense intended. RM

james16 Chart Thread

Very well said, Jeff! I´m still around breakeven for the month after an amazing total of 3 trades (all on daily/weekly). Considering current market environment, I suppose this cannot be that bad. Just trying to trade well, profits will ...

james16 Chart Thread

Nice recent example. See how the close of the pin was NOT within the preceding bar, but within the bar before that. Hope that helps RM

james16 Chart Thread

To be true, I never looked into that too much as really good pins won´t fail too often (as jaroo pointed out). Would you mind posting an example that you consider to be a good one, bundy? (Just for educational reasons) Cheers, RM

james16 Chart Thread

Me too, took partial profit at 1st resistance, remainder got stopped out at BE on Sunday gap opening. That´s how "da man" teaches it... RM

james16 Chart Thread

Me too... RM

james16 Chart Thread

I can only second that. Great post! Thanks Thexder! RM

james16 Chart Thread

It was the date when EURGBP hit its then all-time-high. RM

james16 Chart Thread

Can I be your helmsman?

james16 Chart Thread

Have been thinking a lot about that lately, too. Especially in Europe they have far more support/tradition. Always drives me crazy when they talk about "evil traders" that "make the markets dive", with the public applauding to their words. They ...

james16 Chart Thread

Here´s another one: url

james16 Chart Thread

LOLOLOL

james16 Chart Thread

LOLOLOL didn´t he say he wanted to delay that for some time..? oh well, they always appear when least expected. Enjoy Mike! RM

james16 Chart Thread