Dislikedremember folks if you are new to follow closely what James teaches. We want pinbars at good swing points when starting out.
Pinbar from thursday was at a very minor swing. If we use the concept of "space" we know EXACTLY where price is going. This is not even using confluence just the bar. You really want to use confluence and take things a step further. What this should show new folks is how simplistic we can make things though and how important it is.
Fridays bar is a pinbar, but again we want a bearish pin at a swing high, this is...Ignored
I see what you mean by it was not at a full high, i went on the retracement sell pinbar at 1.0250 after it bounced at 1.02 previously( 50 pips in profit now on trade )..
A bit risky like you say especially if missread.. Will take note of what you said thanks..
I wanted to add that i did enter sell after the end of pinbar next bar over 50 pips away from a major support, but also cause of the bullishness of the aud/usd at the same time ( generally opposing currency pair ) which showed a bullish pin at same time.. This gave me confidence in where price was going overall even if only for a short time like everyone is saying to 1.02..