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Pin Bars (Washnuggets) Discussion | Forex Forum by Myfxbook
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Pin Bars (By Hoops McCann )
Lietotājs ir dzēsis šo sistēmu.
Lovely job, mate, but to get better at your trading i would personally recommend that you would manage your exit positions better to maximize profits.
Aug 05 2013 at 12:40
Biedrs kopš   19 ieraksti
Looks good. I will follow
Aug 05 2013 at 20:08
Biedrs kopš   3 ieraksti
@ 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.
Aug 06 2013 at 06:55
Biedrs kopš   38 ieraksti
hm.. pin bar system.. looking forward for next trade... I will follow..
Aug 06 2013 at 10:27
Biedrs kopš   2 ieraksti
@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?
Aug 06 2013 at 18:35
Biedrs kopš   3 ieraksti
@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.
Aug 06 2013 at 18:35
Biedrs kopš   3 ieraksti
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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