Clockwork. Thanks for the book recommendation, i will try and find it, perhaps to read on my imminent holiday to Italy. Regarding TP The TP level is purely a result of a very rudimentary back test. I basically measured how often trades hit certain ...

Any pin will do?

Hey snorm, you're welcome. It's a great indicator i agree. It saves, watching screens and just brings you're attention to something interesting. Please have a look at this. Go to eur/usd H1 and look at each pin that the indicator flags. Now back ...

Any pin will do?

30 XTCi I don't know if i agree with you 100%. Your method sounds like it could be very clearly defined. You could use a 'rule' which says "Only trade Pinbars that have touched the BB deviation at some point in their formation" They either have or ...

Any pin will do?

Hi again Clockwork You said "Pins DO work. Someone else posted it matter more WHERE they happen. This is the #1 thing to learn. Also, did you wait for those pins to break 10 pips, or did you just take them blindly? Did you have an exit set up? Or ...

Any pin will do?

Good tip — 30 XTCi Thanks for your view, i think your method has a sound basis, i like the use of the BB's to highlight pins at deviations of the median price. It is essentially a filter, and one with a very clear defined value which i like. ...

Any pin will do?

Thanks — Hanover, that's one hell of a post! Took me a couple of reads to grasp what you are saying, there are some fantastic observations there. I must admit, I am feeling a little out of my depth now, with all these highly intelligent ...

Any pin will do?

Thanks Clockwork — Your comments are greatly appreciated and very interesting. There are a couple of things that i would like to throw back if you don't mind. Time frames. I think the general consensus on the most part seems to be that smaller ...

Any pin will do?

hey panos69 i sort of understand what your saying, i understand that a good risk to reward ratio is important, at least when associated with a poor win/loss ratio., but by what means do you determine what a winner is. How do you decide when to let ...

Any pin will do?

I'm pleased you think the same way paris. I think that they are a great foundation to base a system off. Plesae tell me more about how you trade, it sounds like you use higher timeframes and additional confirmation to enter?

Any pin will do?

sorry both h1 timeframe, both in profit but gonna close down soon, end of the week an all that

Any pin will do?

also usd/chf and usd/jpy

Any pin will do?

Youre right paris, however i got in on the h1 pin, currently 1/3 of my way to t/p (11 pips)

Any pin will do?

painful! — Youre right backtesting takes time, and lots of paper. My girlfriend goes mental over the dozens of bits of paper and envelopes with unintelligable scriblings all over them. I'm trying to guage a reaction from you guys as to whether ...

Any pin will do?

sorry — Sorry Ronald Raygun, i refered to you as Ronald reagan ooops. hope i didn't offend

Any pin will do?

thanks — Thanks for commenting panos69 When you say let your profits run what do you mean, i've never really understood this. You can't tell where price is going, or whether a winner will not reverse in the next second and eat all you're ...

Any pin will do?

Back testing — I really feel that backtesting is the way to go on this technique. The good thing about it is that the backtests are 100% accurate. This is because you are only using price for your data, you can see exactly where a candle ...

Any pin will do?

min bar length — One thing that the indicator does not allow is the setting of a min bar length. As timeframes are shortened obviously the average candle lenght is reduced, this makes the spread more significant. Looking at the 5min timeframe ...

Any pin will do?

Thanks smikester — hey thanks for that i'll go and have a look.

Any pin will do?

A good pin — Hi RonaldReagan, thanks for stopping by, I enjoy you're posts and am looking forward to seeing what you think of this system. I get the feeling that you are also a very quantitative type of trader. What makes a good pin is ...

Any pin will do?

Thats good news — Thanks Paris ,what you say is encouraging. I respect that you are using bollinger bands to give confirmation, i think that there would be many ways to add to the 'weight' of a signal. Like i said earlier, James16 uses fib ...

Any pin will do?