On a conservative approach should be covered by now where the red line is (not the top line). Some folks ask about moving averages. I use the 20ema,50 sma and can also place 200 if you want. Really imo there is no magic in ma's.Some use the 15ema ...

pin bar trading

I didn't even look at this pair over the week since there were others to choose from Here is example how this one played out if i was trading it.Take care and have a good weekend. image

pin bar trading

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pin bar trading

Hello Wm, I'm using meta trader platform. Once you see the setup and a 4hr entry(closed candle) on the 4hr chart. ...just simply go to insert(top left) --lines - click on vertical. Place the line on the 4hr candle then go to periods(top right) -then ...

pin bar trading

More examples ...as long as you all are still interested i'll keep posting. I didn't even look at this pair till now.Remember once you get the 5 candle or bar set up the next candle does qualify as long as the risk is ok and the entry candle is in ...

pin bar trading

Not the best looking formation...but the entry candle(lower 25% close) was very strong ...the low and close was less than one pip.All other rules lined up as well. ..Daily rsi down-- at least a 1 to 1 RR to pivot low. image

pin bar trading

I like to see the rsi come up over the 50 line and back down. Price did not do it here ...Everything else lined up well and the price did go in the right direction for a winner if traded. image

pin bar trading

With only one position traded or multiple positions traded ..either way very sweet RR No heat on covered stops. image

pin bar trading

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pin bar trading

This wasn't too far off from at least a 1 to 1 RR and look how price went right through the pivot high --left of entry.If you traded it good job ! image

pin bar trading

This one was an excellent setup here and all the rules applied here with even the weekly rsi going down.. If there was multiple positions traded here you should still be in it depending on where your stops are placed.This all boils down if your an ...

pin bar trading

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pin bar trading

Okay nzd/usd everything lined really well but the daily rsi was down so i passed. The candle was 4 hrs after the us open. It seems like i get more consistency with both rsi's lining up....but this is good example that anything can happen in the same ...

pin bar trading

Ranging but should allready be at a 1 to 1. Being the summer months coming up may see more of this.Have a good weekend. image

pin bar trading

I know some folks traded this one and if you did great job.This was about 2 hours in to the london session.Looking to the left of that entry the RR wasn't for me. The price momentum carried right through with no heat at all.Everything else and rules ...

pin bar trading

This is a good example that the eur/usd momentum kept going well after the Ny daily open.

pin bar trading

Everything lined up and all rules applied. Should have at least a 1 to 1 on first position.Have a great weekend. image

pin bar trading

Although it worked out nicely i just didn't trade it. image

pin bar trading

Simply the best i can explain it and hope you understand on the nzd. I have some time this afternoon so i might as well post why i didn't trade the pound. The pairs i watch for now are the eur/usd- pound/usd -usd/jpy-usd/jpy-nzd.usd ...

pin bar trading

exited trade with a close 2 to 1 RR on eur/usd(above chart). the nzd/usd ....and no i did not trade this pair and i'll explain on the next chart. Also the pound had a set up but the daily rsi was down and the RR to left was not there for me.

pin bar trading