The good thing is, you are teaching price action, which really works. One can trade just on what you have displayed on the non-profit side of your website coupled with examples that you post here, that’s for sure. (The more a new trader gets to learn from your experience, which is I guess what you charge for, can only benefit them ). I wish you the best of luck and thx for explaining to me this delicate balance here on BP.
Seem you trade Red Pinbar . Before i only Buy when chart appear Blue (White) Pinbar.
So true. The first pages of this thread and his free articles were enough to make me a profitable trader in the last 2 months. I’m beginner and started trading in September.
yeah as long as the pinbar closes within the previous candle it doesn’t matter whether it closes red or blue/green/white.
Hi all, Dudest,
Anyone enter this trade?
Regards,
Toyogo
I did. The pin bar on the daily confirmed our entry
Hope next time you post chart soon when price complete pattern I miss them
I guess the philosophy behind the system is: If you know you can take those pips why not go for them? Setup is with the trend, reaching support, pin bar. Go for it.
I think down at 1.3020/40?
I did opened a short position after the BEEB
Hi fazliy,
This pair is in the uptrend (HH & HL) and the next major resistance is @0.8300. So I don’t like to trade against the trend (which is 4hrly time frame) even it has BEEB formed.
Regards,
Toyogo
Hi Toyogo,
The level and BUEB were great. The only reason i didn’t take it was the close FTA.
May it keep going up for you my friend
I’ve learned from that it’s better to watch for 4h two bar, because it can give you better risk:reward than a daily pin bar.
Honestly depends on the pin bar and how you trade them
this would have been a perfect example though. You’d have to set your entry higher than you would the two bar. with sl in the same place
I must be missing what you are trying to say. Based on that chart with the 2 bar entry. You would have waited to for break above the outside bar with a stop below it correct? Now let use our imagination here for a second and picture that outside bar was a hammer (pin bar) would you not wait the the break above with a stop just below the wick? Thats the exact same R:R
I trade pinbars a little differently that I will not go to deep into here but I trade the 50% retracement of the pinbars wick. This gives me a better R:R. However in a case like this (again pretending that outside bar was a hammer) I would not have got a trade as there was no retracment.
Hope this helps