Identifying trend

[farmerjohn1324]

"if wishes were horses, beggars would ride."
read the directions from the website. they show ways to place targets for a move. i don't know about the specific trade you refer back to. go diagram a few and see if you can get the hang of it. If more lose for you than win, bring in the five that lost and how ever many won and we can have a look.

Ok. Well my NZD/USD trade, I closed at a profit of $5,300.

I had the TP at over $20,000 but I decided to close it and not get greedy. Then I reopened it under a new trade with same stops.

 

[farmerjohn1324]

"if wishes were horses, beggars would ride."
read the directions from the website. they show ways to place targets for a move.
don't know about the specific trade you refer back to.
if you go diagram Ten Cases of pin bars, and lose for you than win, then bring in the ten screenshots and we can have a look. how's that sound?

When I'm less tired perhaps. It's 3am here.

 

[farmerjohn1324]

how's that vacation? where can we see more pics?

View attachment 219286

Pin Bar
https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-8#post-4990168

This is the trade I was referring to. I reopened it with same stops. I originally opened it at the earliest candle you can see here.

It got closed out for a loss of $7,029 at the pin bar that almost touches the red SL (the sell price went below it). If it didn't close there, it would have closed six hours later for a profit of $3,881. I'm looking for a way for those pin bars not to close me out. Not sure there is one.

 

[easymon1]

This is the trade I was referring to. I reopened it with same stops. I originally opened it at the earliest candle you can see here.

It got closed out for a loss of $7,029 at the pin bar that almost touches the red SL (the sell price went below it). If it didn't close there, it would have closed six hours later for a profit of $3,881. I'm looking for a way for those pin bars not to close me out. Not sure there is one.

fj
on an image of the infamous trade,
point an arrow at The Signal 'Pin bar'.
point another arrow AT your Stop.
point a third arrow at your Target.
point a 4th arrow at your Entry.

Here, you make so much money over there, This is what you need.
http://soundbible.com/suggest.php?q=cash+register&x=0&y=0

Bank 'em Johno

 

[farmerjohn1324]

fj
on an image of the infamous trade,
point an arrow at The Signal 'Pin bar'.
point another arrow AT your Stop.
point a third arrow at your Target.
point a 4th arrow at your Entry.

Here, you make so much money over there, This is what you need.
http://soundbible.com/suggest.php?q=cash+register&x=0&y=0

Bank 'em Johno

Do you understand that I'm not trying to enter trades at pin bars?

 

[easymon1]

Here's a trade I lost. I got closed out on a "pin bar."

I entered at the blue. I'm wondering if there's a way to avoid getting closed out on pin bars, because I've heard they are actually a sign in the opposite direction. If I hadn't gotten closed on the pin bar, I bet I would have won the trade.

What's this?

 

[easymon1]

not trying to enter trades at pin bars?

fj, how Do you enter trades?

 

[farmerjohn1324]

fj, how Do you enter trades?

Look for a consistent trend on 90ema of hopefully the past 2 weeks.

 

[tomorton]

You recommend always waiting for a pullback?

If so, is this defined by any indicator? Or just eyeball it?

I always wait for a pullback, not so that I get a discount on the lower entry price but so that price can show me it is resuming its rise. The pullback is from the sequence of bars.

e.g. In an uptrend, consecutive bars have printed higher highs and higher lows. Then a bar prints with a lower high and a lower low - a pull-back. Set a buy order just above the lower high: if price resumes rising it will breach this level and trigger the order. If it falls again to print another bar with a lower range, drag the order lower to the second lower high. If price fails to rise again, drag the order down to the third lower high. And so on, until the trend no longer fits your strategy's definition of an uptrend.

 

[easymon1]

hopefully

that's nice