We've been posting daily Pin bar signals to the forexsticks site for some time now and the results have been pretty good. Over 30 symbols, including forex , indices and commodities, are scanned every night just before the NY close. A screen shot is auto-posted here http://www.forexsticks.com/Signals/pin-bars where the daily bar meets the defined criteria.
With a little bit of discretion and some careful trade management, the pip returns on these signals alone would have made anyone very happy - as Peter and Gabor will tell you. Do check the signals out, all free and no catches; just another value-add service from the for-exe team.
By the way, the for-exe offices will be closing for a couple of weeks due to a much needed holiday. You'll still be able to download indies and the forexsticks signals will continue to post, barring any computer mishaps - replies to emails will be delayed though. See you again later in May.
4/5/2015 04:04:28 am
So far it has been very profitable. Just enter at 50% pinbar retracement (giving you a much better risk:reward) and don't trade in choppy market conditions, like seen in index futures lately. If the signal is against the trend make sure that the pinbar is quality in shape, i.e. short or no opposite wick and short body.
4/5/2015 04:08:03 am
Thanks Peter. Your analysis of all the signals is much appreciated. Let's hope the success continues.
Gotta love those pinbars eh Steve? I've been contemplating moving to higher timeframe charts, the daily in particular, as I've been so flat chat with other stuff at the moment that I just haven't had time for the chart-sitting 5 minute situation LOL!
5/5/2015 06:37:10 am
G'day Erron. Yeah, PBs on D1 can be just the ticket for traders with a day job. I see you've been busy and really enjoyed your last post http://www.authenticfx.com/forex-trading-strategies-blog.html well done!
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