Forex 3333 investment
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex 3333 investment

Best of all forex investment , Only 1 pip , Free Practice account too.
 
HomePortalSearchLatest imagesRegisterLog in
Navigation
 Portal
 Index
 Profile
 FAQ
 Search
Free Adv & Investment

Free Advertise & Investment

 

Free Advertise

Investment

Latest topics
» what is the best crm software ?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeFri Sep 19, 2014 1:14 am by Jessia2020

» Forex Trading Strategies – Its all about Boxes
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeSat Oct 26, 2013 1:57 am by ivan2125

» forex newbie
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Oct 22, 2013 5:04 pm by bency888

» forex game app
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeFri Aug 09, 2013 3:59 am by balibo

» Which trend should I look? The long term or short term?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeSat Aug 25, 2012 3:32 pm by asiaforexmentor

» Forex Trading Strategies & System – 2nd Chance
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeSat Aug 25, 2012 12:13 am by asiaforexmentor

» Psychology Of Forex Trading
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Aug 15, 2012 6:35 pm by asiaforexmentor

»  Forex Trading Strategies & System – 2nd Chance
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Aug 08, 2012 6:27 pm by asiaforexmentor

»  Forex Trading Strategies – Fibonacci
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeFri Aug 03, 2012 11:51 pm by asiaforexmentor

» Forex Trading System What happens when 1 pin fails to break?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeFri Jul 27, 2012 10:44 am by asiaforexmentor

» Forex Price Action – Why did one Price Action Pin work and not the other.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Jul 16, 2012 4:57 pm by asiaforexmentor

» can u please tell me how to over come a situation like This?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Jul 09, 2012 5:00 pm by asiaforexmentor

» Forex Trading Systems – Ping Pong Trade
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeThu Jul 05, 2012 11:51 am by asiaforexmentor

» FOREX TRADING STRATEGIES: HOW DOES TIME FRAMES INTER-LINK?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeThu Jun 28, 2012 2:53 pm by asiaforexmentor

» The Super Power Forex Trading Secrets.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Jun 11, 2012 2:58 pm by asiaforexmentor

» Price Action – Double Pin Bar
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Jun 05, 2012 4:05 pm by asiaforexmentor

» Forex Trading – Gaps
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon May 28, 2012 8:05 pm by asiaforexmentor

» Spread Rebate Program
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon May 28, 2012 4:18 pm by rion

» Should we or should we not take this trade?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue May 22, 2012 5:12 pm by asiaforexmentor

» How do you trade the news in forex trading?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed May 16, 2012 8:06 pm by asiaforexmentor

» Forex Trading Psychology: Levels of FEAR
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon May 07, 2012 11:58 am by asiaforexmentor

» How to take this Price Action Pin Bar(Part 2)
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Apr 30, 2012 3:24 pm by asiaforexmentor

» How to take this Price Action Pin Bar(Part 1)
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Apr 23, 2012 4:46 pm by asiaforexmentor

» SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Apr 11, 2012 5:11 pm by asiaforexmentor

» How to be consistently profitable in forex trading.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Apr 04, 2012 9:29 pm by luzfxtrader

» Are we just plain scared to trade the lower time frames in forex trading?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Apr 02, 2012 4:59 pm by asiaforexmentor

» Forex Trading Is Like stacking a Pack of Cards.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Mar 19, 2012 5:47 pm by asiaforexmentor

» How I Turned a Losing Trade to a Winning Trade.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Mar 12, 2012 8:48 pm by asiaforexmentor

» Learn FX Trading -> Your Forex Work Station.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Feb 28, 2012 2:58 pm by asiaforexmentor

» Price Action Forex -Why Forex Trading is Easy with Price Action?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Feb 20, 2012 12:22 pm by asiaforexmentor

» A CRAZY FOREX TRADE I TOOK RECENTLY – 950% GROWTH IN 2 WEEKS
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Feb 13, 2012 1:04 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Feb 06, 2012 1:25 pm by asiaforexmentor

» Importance of stop loss placement in forex trading.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Jan 31, 2012 12:28 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System From Asia Forex M
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Jan 25, 2012 12:56 am by asiaforexmentor

» Let’s Make Year 2012 a Great Year.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Jan 16, 2012 12:42 pm by asiaforexmentor

» How do you trade the news in forex trading?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Jan 02, 2012 6:32 pm by asiaforexmentor

» Risk Management in Forex Trading.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Dec 27, 2011 3:41 pm by asiaforexmentor

» What’s your winning probability?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Dec 19, 2011 4:56 pm by asiaforexmentor

» Professional Forex Trading Strategies.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeWed Dec 07, 2011 4:14 pm by asiaforexmentor

» Forex News Trading – Why should you NOT trade this!
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Nov 28, 2011 6:10 pm by asiaforexmentor

» What is Price action?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Nov 21, 2011 12:47 pm by asiaforexmentor

» What can we expect for the EUR and the USD?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Nov 15, 2011 5:27 pm by asiaforexmentor

» AGGRESSIVE TRADING PSYCHOLOGY IN FOREX MARKET!
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Nov 08, 2011 12:07 pm by asiaforexmentor

» Online Forex Trading: Are You A Lion or a Cub?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Nov 01, 2011 12:19 am by asiaforexmentor

» Whats your Risk percentage per trade?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Oct 24, 2011 3:43 pm by asiaforexmentor

» WHY you should NEVER Trade Live without learning a Proper Forex Course
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeMon Oct 17, 2011 2:31 pm by asiaforexmentor

» Unite World Capital Ltd. - UWCFX.com
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeThu Oct 13, 2011 10:59 pm by Goldman

» Forex Breakout: Why are they so profitable?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeThu Oct 06, 2011 2:52 pm by asiaforexmentor

» How many times do you trade a week?
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeSat Oct 01, 2011 9:04 pm by asiaforexmentor

» Mastering your emotions for efficient Forex Trading.
Forex Trading System What happens when 1 pin fails to break? Icon_minitimeTue Sep 13, 2011 7:49 pm by asiaforexmentor

Search
 
 

Display results as :
 
Rechercher Advanced Search

 

 Forex Trading System What happens when 1 pin fails to break?

Go down 
AuthorMessage
asiaforexmentor




Male Number of posts : 53
Age : 32
Location : Singapore
Registration date : 2011-03-28

Forex Trading System What happens when 1 pin fails to break? Empty
PostSubject: Forex Trading System What happens when 1 pin fails to break?   Forex Trading System What happens when 1 pin fails to break? Icon_minitimeFri Jul 27, 2012 10:44 am

Forex Trading System What happens when 1 pin fails to break?

Forex Trading: Usd Chf pair
Forex Trading System What happens when 1 pin fails to break? Usdchf2pin

In the chart above shows 2 highlighted pin bars.
If a trader took the first price action pin bar (marked as 1) and placed his stop loss right at the bottom of the pin -
He would get stopped out and would have possibly missed the winning move upwards.
How can we improve this?
- This is the reason why i always recommend traders to place their stoploss 10 pips below the edge of the pin. By doing so you would still be in the trade and not get stopped out by the next bar.
- If you did get stopped out by the next bar. You would have gotten back your pips in this trade as the next bar formed another pin bar (marked as 2). This forms a double pin bar. A setup that shows that price is indeed going up.
Therefore you would still get back into the trade on this pin bar and took it right up.
Alot of traders when got stopped out by at the first pin would not have taken the 2nd pin due to the fact that they had made a loss in this pair, and they “feel” that this pair is no longer reliable. And they “feel” that since the first pin has been stopped out, the trend is no longer heading the direction they wanted.
This is a common syndrome by most traders – Dwelling on the PAST Trades
Remember – every trade you take is a new trade. And is a fresh beginning.
Forget what happened on the last trade, regardless of whether that is a winning or losing trade.
Focus on seeing what is right in the new trade. And not let PAST perceptions affect your judgement.
Therefore in this trade, had you not dwelled on the first pin that had been stopped out.
You would have seen that it formed a double pin bar! And this double pin bar is in the right upward trend movement.
You would have taken this trade without hesitation.

Ezekiel Chew
Asia's #1 Forex Mentor
Back to top Go down
 
Forex Trading System What happens when 1 pin fails to break?
Back to top 
Page 1 of 1
 Similar topics
-
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex M
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex M
» Free Daily Price Action Forex Trading Strategies & System From Asia Forex M

Permissions in this forum:You cannot reply to topics in this forum
Forex 3333 investment :: Forex Investment :: Post all Forex Investment-
Jump to: