FX:USDJPY   U.S. Dollar/Japanese Yen
8216 46 209
USDJPY             1 H PIN BAR
this bullish pin bar tested
the 103.60 nicely and then price reversed
Long USDJPY             Now
SL 103.40
TP1: 104.80
TP2: 105.64
Comment: nice rally! +40 pips
Comment: almost hit tp1
Comment: TP1 HIT, BREAK NEW HIGH, +100 PIPS
Comment: YAHOO! 2ND TARGET HIT
NOW IS 105.85
+170 pips
Closed all position!
Are you feeling good?
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Hello Jack! Are 1H pin bars just as effective as 4H or 1D pin bars? Thanks
Reply
mattttsr mchilado
Im not speaking for Jack but this trade will either be a winner or loser. Pin bars or not. That's a fact.
+1 Reply
mchilado mattttsr
thanks
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yeocs93 mchilado
How is mattttsr useful?
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mlbo mattttsr
lol. what else could a trade be? winner or loser or.... ?

pin bars, like nearly everything you can take into account for trading decisions get more powerful the bigger the timeframe. read: pinbars more relyable at 4H or D or Month like it is very much more easy to do wave analysis on daily timeframe or a MACD indicator strategy is showing better results on daily...
speaking of "effective" the term is simply wrong because the pin bar _effects_ a sh1t. market _shows_ a pinbar, thats all.
+1 Reply
Sorry guys if my question was a bit amateur. Just want to learn thanks
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It will depend on the situation, in the above case the pin bar slightly penetrated previous support so this makes the 1hr pin bar more significant. 4hr or daily can be more significant but always.
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tntsunrise TOP asferruzzi
totally agree. the penetrated the support and rally back all the way makes this pin bar more powerful
+1 Reply
mchilado asferruzzi
noted thanks
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MORE ROOM TO FALL 50%FIBO RETRACEMENT @ 100.70
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trade what you see. if you think it is going to 100.70, do you want sell now? or sell higher?
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Gbprider tntsunrise
no i am not selling now i will wait for that price , since i am already gbp/usd sell from higher nothing loss , anyway your calls are almost prefect i also mentioned in your previous call :) to be honest i earned knowledge & pips from yoru pips , thanks for that
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Gbprider Gbprider
* your post
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great Jack!

thanks&regards
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well spot
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Same thinking
snapshot
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Thanks Jack. Got it later but already in the profit.
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Too bad I was sleeping and missed it :'(
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mlbo kallentto
dont feel bad , dont chase the chance, there will be plenty more. ;)
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Until now the price cannot break the trandline since May 31, possibly a chance to go short here.
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Crappy analysis, but very well spotted the new trend.
When managing money there´s no space for SL, here the probabilities were quite high.
And the new trend has not matured yet, hence fallible.
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mlbo juanclos
i am interested in this no-sl-moneymanagement. have fun with your no-sl-moneymanagement coming brexit-decision time...
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Can't feel
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mlbo kingben
dont take so much painkillers! they could kill you! ;)
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nice
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new stop loss?
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what do you mean by new stop loss? close half position, rest just hold
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Anthony12 tntsunrise
Why you don't move your stop loss just to be a little bit in profit ? So you are sure that you don't lose.

If you don't move your stop loss, that means that you think it can still go down a lot and be a good trade ? I hope you understand me English is not my main langage :)
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Anthony12 Anthony12
tthat you think it can still go down a lot and later return higher ?
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if you move sl too early. u will be shaken out. i prefer to take partial profit at tp1, and then move sl to B.E
+1 Reply
Anthony12 tntsunrise
what is BE?
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Peter_238 Anthony12
its a break even
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mlbo Anthony12
...which means: SL level at a price where you will have zero win zero loss.
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Sure. Thank you.
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Unfortunately I can't followed this trade but......you're great Jack!!!!
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:))))
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"Are you feeling good?" << feeling ok. have closed both positions at 104.90... good enough. still learning
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yeh thanks sir...
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anyway i closed all my positions in any currency pair yesterday evening because i dont want to get into some brexit trouble. i dont trust my broker. i would guess that i would lose on winning trades and lose in trades in minus and some sl levels not been filled and all this still to ripp me off.
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Thanks Jack, your trades doing me well. Hoping you will be attending webinar tomorrow.
Cheers Allan
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wow!
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nice trade..master...
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yeah thx
What a nice trade
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I am in it too... but I targeting higher at 111.00
USDJPY LONG?
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Yuppy...
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