[QUOTE=LeonMiyavia;420342]Hi guys.:chart I’m unsure of is the NZD/USD 4hr chart, as it seems after the previous pin bar was formed, now it is forming another pin bar which might bring the candles to be bullish. What are your views?
Hi there Leon,
Great that you are joining in here. Just a couple of things though - Can you resize your charts as it is pretty hard to identify the latest ( & Most Important ) Price Action. I am not too sure if you are using New York close bars which is pretty much a requirement on this thread so that we are all looking at the same thing.
It is recommended reading the 1st 50 pages of this thread. Johnathon covers everything you might need there.
Just ask if you need help.
In response to your question on the NZD/USD H4 - The bar you refer to as a PinBar is not actually a PinBar.
The strict definition of a good PB is that it must be large enough to stand out from the crowd , it should have a nose that is at least 3 x the real body and it must close within the preceeding bar. Recent momentum is strongly Bearish and I would need an exceptional PA signal to consider any Long trade. In fact I will be watching now for a continuation down then a re-trace back to test recent Support now possible Resistance and try and enter Short.
Hope this makes sense mate. :eek::54:
Gidday Max - if you go to Johnathon’s very 1st post on Page 1 of this thread and click on his Logo, you will be pleasantly surprised.
All will be revealed:54:
Max - you have started in the right place with this thread. Perhaps you write FSO into your future trading plan (LOL).
Johnathon reads this thread all the time and posts comments when he has the time to do so - keep an eye out for his posts. Stick with it my friend - success breeds from hard work & dedication:53:
Many pips to you.
Hi Faz - can you arrow the Pin Bar you are looking at mate. Perhaps we can help you then but at the moment I am not sure what you are asking.:33:
Cheers
