Master one trick only

Sorry,this strategy is not suitable for low priced scrip,this being even less than 40
u wont get good results,so do'nt try

thanks

dear
if u have gone through this thread from the begining,than u should know that,this is not a mechanical system,rather it is a discretion strategy

rules are just guidelines,there are other things to look for

more over pin bar is a strong reversal sign if combined with other things

in this case if u change the TF to 5 min,u will see,two pin bars at that point,both closing at the upper half,showing the bullishness in price,
and i was in a profit,so decided to exit,and waited for next opportunity
which i got also
thanks

@ avny

this is BANKNIFTY chart ....can u please mark this chart ...for possible entry SL aND EXIT

please ....give me this one example thankss

http://imageshack.com/scaled/800x600/19/pc6l.png


(how to post image ....i means from which website)

traded nifty only today

trades so far

sure,i will do,but image is not clear enough,kindly go through below link to up load images
http://www.traderji.com/equities/47979-canteen-741.html#post591768
thanks

You sold below candle 5 because of the pin bar or because you are taking it as a breakout failure?

nifty on fire

:clap::clap::clap::clap:

break out fail

But it does not seem that candle 5 broke out of the high of first candle (like candle 4 did). So I am not able to understand this entry.

dear,
candle 4 gave a break out and then closed well below the line.indicating a rejection of the line.now after this we are looking for a short entry,
so where to short?
price pulled back to upper line,then there was a pin bar,and when price breached the low of this pin bar,i entered short
this was the 1st candle,after candle 4 whos low is breached
i hope it is clear