Pin Bars (By Washnuggets)
The user has deleted this system.
Pin Bars Discussion
Jun 03, 2013 at 00:27
620 Views
6 Replies
Member Since Jan 30, 2011
17 posts
Aug 05, 2013 at 12:40
Looks good. I will follow
martin.perzul@
Member Since Jun 03, 2013
3 posts
Aug 05, 2013 at 20:08
@ meilus: Targets are not that easy. I try to set a target at the next area of significant resistance in accordance with that time frame, once price passes my 2R, I'll move my stop to the next resistance level around that 2R area to lock in profit if the trade turns on me or I'll close the order if I see a reversible candle.
forex_trader_100532
Member Since Nov 24, 2012
38 posts
Aug 06, 2013 at 06:55
hm.. pin bar system.. looking forward for next trade... I will follow..
Member Since Jun 03, 2013
3 posts
Aug 06, 2013 at 18:35
meilus posted:
@Hoops McCann im trying to use a similar system yo yours.i know how hard it is . have you tried to use trailing stop losses?
No. I move my stop to break even, or if the move is a strong one, I'll move my stop to the resistance level around my initial 2R to lock in profit in case the trade turns around on me and increase my chance of a higher R reward; it's all about risk-to-reward. It's hard to explain how it's done, as every trade is different. It comes with screen time and your way of trading.
Member Since Jun 03, 2013
3 posts
Aug 06, 2013 at 18:35
I trade enter and exits around price action, trailing stops have nothing to do with price action. Support and resistance levels do, so those are my areas of entry and exit.
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