Archive for October 19th, 2012

Pinbar Trading – Something that should sit in your Trading Strategy

Pinbar Trading - Something that should sit in your Trading Strategy

Pinbars show signs of strong buying or selling and they are great indicators to enter a market. The safest time to use them as trading signals is with the trend and when the market is experiencing a pullback. An entry with your stop at the bottom of the pin should do it.. then just ride it as far as you can. There were quite a few opportunities this week and one of my weaknesses in trading is that I am unable to have more than a couple of open trades. As a result this week, I missed a couple

October 19, 2012 3 Comments Full Story

Gold trade for the week

Gold trade for the week

The markets have been kind to me the last couple of weeks... quite a few signals and decent follow through on price action. So on Wednesday I had gone short on Gold.. the trend had been down and I saw the bounce as a retrace. You can see how the price got stuck around 1750 which also happened to be the 50% Fibonacci of the initial fall. I got in at 1751 with the initial target around 1730. However, when I saw the pin bar in the 4 hour (as in the chart) I too profit around 1742 only for th

October 19, 2012 No Comments Full Story