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.

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

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 lined up perfect.

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.

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 direction or not.Have a good evening.

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 aggressive or conservative trader. plus MM. Let me be real clear here i'm not claiming that you'll get a 5 or 6 to 1RR on every trade.It's a real joke how some traders thinking that price will go to some SR on smaller time frames and they will collect 100's of pips every time. If you put enough trades in you will know that is complete BS.

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 !

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

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.

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.

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 the lower 25% close. No more than one candle after 5 set up.

Hi Tex123, thanks for posting the examples. I have a question. You are checking if the Daily RSI is pointing in the same direction. Do you then check the RSI direction of the last closed bar, or including open bar from today. Thx.

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 scroll down to daily chart and click there---this should bring you to the daily chart where you can see the rsi on the daily chart. Setting is RSI 5 on both 4hr and daily chart.
More than likely the daily candle will not be closed unless you have a set up at 00 gmt with the 4 hr entry. I'll post an example here shortly. Take care

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.

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 ,21 ema ,60ema. This strat will work on any of the short term -mid term ma's.The signal was the candle right after the #1 candle.Top 25% close. That placed us right in the sweet spot of the rsi and this gave us at least a 1 to1 RR.The closet pivot high i see is the top left where the red line is.A pivot high imo is 2 candles or bars on each side of the middle candle...another words fractual high...and vise versa looking down.Hope that helps.

Nothing exciting dragging along This time of year momentum could start slowing down.Anyway this is a 5pip spread.If your stops are covered by now everything should be ok.

You should have allready made it to your first target depending on your positions you have