Quoting sch305nyDislikedhello, bundyraider. I have a question about the pin on your chart. It didn't close lower than open. Is that still pin? Of course, it is, but the tradable(reliable) pin?
SawaIgnored
You know, I was going to go back and edit that post just after I posted it and mention that it wasn't the best pin. It's good to see a close below the 1st bars top, which didn't happen. Was also going to mention a couple of factors that had me worried on the chart.
On it's own I wouldn't have traded it the way it was, but if you have a strong trend line or other good resistance factors that it's bouncing off of there isn't much wrong with taking it. "When all the stars are aligned" ...LOL
I traded it based on there being a Daily pin. And I put a Stop entry order at 1.2379 waiting for that 1 hour pin to break low, and the bloody thing just touched it before rising up!! (Of course!!)
Bundy's status today: "Waiting..."