pin bar trading

beauty ! And we have a nice runner on the eur/nzd that i mention earlier in the previous post.

nice

good entry time and smooth. 3 winners . Trade good MM and don't be greedy .Done for the week .

On the 2nd chart above aud/chf---if there is more than one position traded here bring stops up accordingly.Should be sitting close to a
1:3 RR now.

Hi Tex123

Are you actively trading this strategy ?

I had been looking forward towards reading your thread but it suddenly stopped ?

Regards

PA

Hello Pa,
Been vacationing . Slow time(summer) for trading for me anyway. You have plenty of examples and the rules are pretty
straight forward. Nice strategy and consistent winners if you follow rules. Will have losers like any other strat.Thanks for stopping by and take
care.

1. At least a 1 to 1 to pivot high from left of entry ---yes 2. If you have multiple positions open i would suggest cover at least to break
even. ...less worry and your in the green now. Everyone have a great day !!

Ok if your more of an aggressive trader and did not move your stops up you should have been at around a 1:5 RR on the above chart....not
too shabby ! Regardless either way you should come out with some green. Remember quality over quantity ..be patient and don't
be greedy on MM they will come. Have a great weekend !!!!

Yes the 4 hr eur/usd had a entry set up and would have worked out at the start of the us session my 12:00 gmt candle. But look at the
pivot high to left---not a 1 to 1 on the conservative approach.Aggressive traders that don't look at pivot high did fine. Take care

Hi Tex123

Are you around - i have some questions

Also sent you a PM

PA

Everything lined up nicely here .

welcome back Tex

Has anything changed in the strategy ?

Hi Pervaz .Hope your doing ok. I like it better with a pivot and then count your 5 bar or candle count instead of the lowest low(example in above chart ) of the last 5 candles same thing with a sell also. Some day traders trade this way on lower time frames .Right now we have some rather large swings . The example above is a text book trade . We want to make sure we have a good momentum in the market ...so if you are picky on your trades make sure we have the 20 ema over SR when trade is take --confluence is a plus .Daily rsi is up too when trade taken.When i get time i'll post more . Good hearing from you

Hi Tex

Can you just go over the 25% rule - i just cant seem to get it into my head, and also can you show the daily candle (does it have to be in the 50/60 RSI zone ?)

Hi Pervaz , Example just say you have a 50 pip from high to low range entry candle ....and you want to see if it is in the top 25% . Take 50 x 75% = 37.5 ....Take the low of that candle and add 37.5 .... and then look at the closing price of that candle and see what you have .Hope this helps .I;m using oanda broker . It doesnt have to be in the 50/60 zone if you want to be an agressive trader ....especially if you want to catch a continuation trade. We sure want to look at 5 candle lows and highs for entries...Post a chart or 2 and i'll look at it . Also you dont need confirmation from the higher time frame either ...it just gives me more confidence . Also later i will go over the basics of a pullback on a chart .... that you may or not have ever seen. before . Later buddy