Pinbarsetup
ETHBIDR - Going Long (15/03/2021)Hi guys, currrently I have lost 10% of my investment in just two days.
I have blindly set buy order limit in support area, it hit my support area and also my stop loss 👀😅
Lessons learned.
I have learn and do the following:
1. Identifying the trend in daily chart
2. Identifying Area of Value via support, resistance or key level.
I have missed the last step: Identifying the trigger to buy.
Recently I came across the following article: Price Action Entry Rules: How to ‘Enter' at the Break
Well you shold google it, I can't attach the link 😅
It have a great advice on how to timing your trade.
I recommend you to read the article.
Now this idea is an example of me practicing the rules.
USD/JPY 4-Hour Chart Update #4 (3 Mar 2021)Pin-bar formation with short opportunity as hedge funds manipulate the market to probe the levels above Fib(0) 106.957 and strong rejection at under Fib(-0.116) to the downside. The candle at 14:00 is still bullish, though it may close below the open at 106.890, it's still under Fib(0). Let's see how the market behaves to another stophunting session of 'short-squeeze' / 'bull trap'.
EURUSD Long with 5 Listed Confluences (Naked Chart)1: Weekly Time Frame False Breakout at Previous Months Low
2: Falling Wedge Breakout on Daily Time Frame with Multiple Candle Closes.
3: Daily Chart Trade Line Breakout
4: Head on Shoulder Pattern formation on Daily Time Frame
5: 61.8 Fibonacci Rejection on Daily Time Frame With Daily Pin Bar.
FFIN Short SIGNs - PINBAR/VOLUME/TREND-LINE/...Hi traders,
yesterday´s SHORT trade in the NASDAQ:FFIN market contains many confirmations. INSIDERS became heavy sellers and Price Action showed many resistance levels, that can stop the market in case of a long move.
Connection of PinBar, Value area, Volume profile, and trend-line created the whole picture, that we need for a decision.
Parameters of the trade:
Direction: SHORT
Market: NASDAQ:FFIN
Entry: 26.81
SL: 28.96
PT: 22.51
Good trading!
Jakub
FINEIGHT