I thought the pin bar is bearish and stayed out. Did you take the entry above the pin bar high ? And what was your stop loss - is it the break out candle low (or) pin bar low ? Reason pls. Regards,
I was waiting for long signal, as price trading above PDH.. after 6 hours of small range, pin bar came indicating inability to move, but no followup selling.. resulted buyers pushing above pin bar.. thats where i expected good buying will happen.. entered trade though initial SL is 13 points (including brokerage).. pin bar low is initial SL
Also Veer, if you observe all my recent trades (post 3 months break time), are resulting from trading style i outlined here hhttp://onlyniftyy.blogspot.de/2016/08/daily-trading-plan.html None of the trades are out of this thinking process.
I will definitely trade less, having such rules defined.. but winning % is high.
One more clarification pls. Around 20.00 hrs when the second push does not go up what made you to stay with the trade.In fact it has broken the first swing low. Pls clarify.
When price is nicely trending up, we need to allow some space.. also each small swing points i wont consider.. for better clarity i marked my trial SL.. check here https://postimg.org/image/bpa3bhj4v/ tell me if confusion still
Recently i prepared excel utility to track my trades, in a way i like to maintain. check http://onlyniftyy.blogspot.de/2016/08/trading-journal.html will share if this helps you
I thought the pin bar is bearish and stayed out. Did you take the entry above the pin bar high ?
ReplyDeleteAnd what was your stop loss - is it the break out candle low (or) pin bar low ? Reason pls.
Regards,
Veer
Veer,
DeleteI was waiting for long signal, as price trading above PDH.. after 6 hours of small range, pin bar came indicating inability to move, but no followup selling.. resulted buyers pushing above pin bar.. thats where i expected good buying will happen.. entered trade though initial SL is 13 points (including brokerage).. pin bar low is initial SL
Also Veer, if you observe all my recent trades (post 3 months break time), are resulting from trading style i outlined here hhttp://onlyniftyy.blogspot.de/2016/08/daily-trading-plan.html
DeleteNone of the trades are out of this thinking process.
I will definitely trade less, having such rules defined.. but winning % is high.
Sir i need trading journal spread sheet for free download. is it available please tell me.
ReplyDeleteOne more clarification pls. Around 20.00 hrs when the second push does not go up what made you to stay with the trade.In fact it has broken the first swing low. Pls clarify.
ReplyDeleteRegards,
Veer
Veer,
DeleteWhen price is nicely trending up, we need to allow some space.. also each small swing points i wont consider.. for better clarity i marked my trial SL.. check here https://postimg.org/image/bpa3bhj4v/
tell me if confusion still
Sir please tell me any free trading journal spread sheet link
ReplyDeleteAmith,
DeleteRecently i prepared excel utility to track my trades, in a way i like to maintain.
check http://onlyniftyy.blogspot.de/2016/08/trading-journal.html
will share if this helps you
Thank you very much for the detailed explanation. Understood.
ReplyDeleteRegards,
Veer