Stopped out, should've moved stops to BE. That "stranded pin" was strong.

GBPUSD

You've mentioned this before (not exact same stuff) ... entering a pin bar trade if the nose closes at the close of the first eye, or very close to it. The "pin not in traffic" is a new one. Will keep that in mind, Thanx. much appreciated Habeeb ...

GBPUSD

A tricky decision on cable at the moment. A pin bar formation on the 4hr, but good support at the bottom of the second eye (1.7752). We've got 3 fibo levels, a daily pivot, and a trendline support at the bottom of this pin bar, so, I'm staying out ...

GBPUSD

Hi Dave, according to my charts (MT4), your stop has been hit exactly (hate it when that happens). Looks like you were willing to give some back to the market. Wouldn't it have been better to have taken your profit at an earier level, say 1.2185, ...

My trades by Dave

Then it'll work the next minute, the next day... you worry toooooo much ... just chill. Take care Habeeb

james16 Chart Thread

Nice going Dave, are you still in that trade from 1.1915? Chart just leaped past and closed at 1.2011. Is that trade supposed to be a medium term trade or are you just riding it until you see it's going to turn. Well done Habeeb

My trades by Dave

Hi Jim, You've recently openned a live trading account with InterbankFx. I would like to know which charting package you use. I've noticed that on the higher time frames (4Hr, daily), that InterbankFx and MetaTrader are different. At this very ...

james16 Chart Thread

sorry to hear about your bad week Wenzel. I know what it's like when everything goes wrong. Take a break, and start again from the beginning, starting with one trade with minimum lots, and minimum profit. Good Luck Habeeb

GBPUSD

Th_Wenzel, I missed that trade. Did get in at the bottom though. image

GBPUSD

With stops this small, wouldn't hedging be a better option than taking the loss? Once you're at -13 in a long trade, why not freeze that trade by openning a short. Sooner or later price will move to a point where you're going to open another ...

PPC - Thingamumbobbies

"buy at bottoms, sell at tops" ... I've tried this logical method with marginal success. I just entered a trade without any other confirmation. For example, today on GBPUSD, I would've entered long at 1.7521 area (if I was infront of pc). Price went ...

My trades by Dave

Jim, Do the price action formations (pin bar, DBHLC,etc) only apply to that specific week on daily charts or does the weekend break the formation. eg. if a pin bar confirmation forms on the Friday (daily chart), does it still hold strong for the ...

james16 Chart Thread

Are you talking about the daily lows? If you're not going to sell at the highs, it seems like you're anticipating the Euro to get stronger. So, why not buy now at your minor support, and have a 20 pip stop, that'll be below Friday's low? What if the ...

My trades by Dave

Thanx alot 777, will keep your strategy in mind.

EURUSD

Lost 2Mil already??? — You say "5 mil" ........... TV/7th has lost 2 mil already .......... Sorry, I too won't bring this joker up again on this thread, but if my memory serves me correct, he challenged Jim with 7 mil. He sounds ...

My trades by Dave

Hey 777, nice going you think you could explain a bit more on your strategy. I'm not quite getting it. Thanx Habeeb

EURUSD

Openned a live trading account for my dad with InterbankFx. It took virtually 24 hours to get up and running. Just have to have the funds transfered then it's all go. I'll be openning an account with them too ... soon ... but in the mean time I'm ...

Interbank Fx

Been really boring too. Finally started using MB's MA system with your price action setups. Just collecting the small pips at the moment. Thanx again Jim for everything you're doing. I'm eagerly awaiting the launch of the PF. regards Habeeb image

james16 Chart Thread

Hi philmcgrew, since these setups has worked for Jim over the many many years gone by, I don't think that he's gonna backtest them now. Jim, did however, mention that you (the readers) should test it yourself first. Everybody who has tried/used what ...

james16 Chart Thread

Got a jump on this Pin Bar. Entered right at the bottom of the nose (1.7640). At that time it was nowhere close to a Pin Bar, but it was at yesterdays low. Was willing to lose 9 pips on this trade (spread plus 5). Turned out good. Stop at B/E at ...

GBPUSD