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You might also want to include hanging man candles as part of your system. Here is e/u 4hr chart showing hanging man candle, then a 200 pip drop before any sign of buyers. The wick alone can be decieving.

From the link you posted nial's example was an inside pin bar...some of the charts you've posted were pins that were..i guess what you'd call an engulfing pin bar, and not an inside bar, like on pages 4 and 5. kon

Actually there was a fourth one i missed.

3 nice pins on a/u 1hr..the first one would have made be believe the market was going to go higher givin the fact that price put in a steep lower wick (buying pressure), but instead price crashed...hmmm. Either way, these bars led to nice price action. Question, if your stopped out, whats...

This journal is updated on a monthly basis. You can say what you want about fibs. Many people have a snooty attitude about them, but thats fine by me. Find me a system that works 100% of the time........you wont, because its doesn't exist. There is more to fibs than just the 3 to 5 lines it...

Whats the best time frame to take these trades off of? In most the examples I've seen, people use a daily.

What software is the OP, and eveyone else using to find these pairs, and give signals?...Anyone use pairtradefinder.com ? thanks! kon

I figured it out, and I'll check the thread, thanks. I also found this link... does anyone use this software ? I'm real interested in this trading style, seems really cool. http://www.pairtradefinder.com/

Sorry for asking but what is pair trading?...when I think of pair, I think a fx pair like eur/usd... how does that relate to stocks? thanks.

Lescor Of all the successfull traders you know, if any, do most of them day trade, and further more, do most of them automate theit trades to some extent like you? thanks.

Mine. I run two screens, just dont feel like opening the other platform atm. These charts are by fxsolutions.

Eh. Not the same tho.

TMRK. I love this chart, because it's the perfect example of how swing lows and highs have such importance in the market. We had a previous high at 7.24, which the market crashed through, but on the retrace up it failed to close AT or above that swing high..instead the price formed a pin bar...

GENZ. We broke and closed above the swing low, and swing high resistance levels, but didn't quite make it to a double top of 58, but we will I think after the pullback and the trend picks back up steam, and people like me that missed the first move, load up on the boat.

DAN. 1hr. Here we see were price broke and closed above the swing low resistance...could take a small long here, and then wait for the retrace....The retrace found support right at 75% fib then bounced, and ran to all 3 fib extension targets. Stop would be 9.22.

DAN. Having some trouble closing above 10.9 level, but there was a quick chance to go long when price broke, and closed above swing low at the blue circle, but you'd need to see this on a smaller time frame like a 1hr.

CAAS. Failed to close above 22.50-23 range of resistance, and hit 50% fib resistance.

MLM. Broke previous low support, then bounced, but I think it goes lower, because the first bounce is usally a fake.

DDS. Clear up trend with higher highs, and higher lows. This last retrace was equal to the high of a previous swing, and found support.

bump