At 17.08 a pin bar formed and at 17.20 it went below day low. Then why you have not shorted ? Your bias also was short. What made you to refrain from shorting ? Pls explain.
When price broke RL at 7PM, i was looking for BPB of RL signal.. but price immediately moved into range and gave pin bar.. how ever IMO pin bar at range extremes are relevant. i.e. price not accepted after breaking up/down and leaving pin bar is nice signal for short/long trades.. confluence of range extremes, DP adds fuel to fire :)
BTW did you ever able to catch news based spike? What was your experience if you have active positions while expecting news? I am yet to catch giant move in crude!
At 17.08 a pin bar formed and at 17.20 it went below day low. Then why you have not shorted ? Your bias also was short. What made you to refrain from shorting ? Pls explain.
ReplyDeleteRegards,
Veer
Veer,
DeleteWhen price broke RL at 7PM, i was looking for BPB of RL signal.. but price immediately moved into range and gave pin bar.. how ever IMO pin bar at range extremes are relevant. i.e. price not accepted after breaking up/down and leaving pin bar is nice signal for short/long trades.. confluence of range extremes, DP adds fuel to fire :)
BTW did you ever able to catch news based spike? What was your experience if you have active positions while expecting news? I am yet to catch giant move in crude!