I also noticed this when I looked at chart on FXCM compared to my MT4 chart, and I think i have my MT4 settings where my trading days end at a different time then my FXCM trade station, any one know how to fix this?
4Hour candle closed on MT4 chart before it normally would on my FXCM webstation
and ty for info on why its not a proper PA signal, very good info. Im going to keep posting what I “think” I see and would love the keep the reviews coming! ty man!
On the Usd/Jpy D1 chart, is that counted as a reversal signal pin bar? Because it doesn’t seems like fulfilling the requirement. Pin bar should have a long tail right? and that seems not reversal because bearish are stronger and pulling it down near to the support line. And reversal pin bar that we looking on the retrace or break through of the support line should be tail pointing downward and body going up right? Just my 2 cents, still learning and hoping to get some opinion. correct me if I am wrong
Hey all, not sure if this was brought up in the thread or not but was this a viable BUEB off of daily support on the GPBUSD? The chart is 4H
Yes it is considered a bullish reversal pinbar when it is at a swing low like that. That same bar at a swing high would be a bearish reversal. Essentialy a bearish pinbar at a swing low, above support, has the opposite effect of that same type of bar, doing a false break of resistance at a swing high.
The bearish pinbar above support at swing low shows bears don’t have enough strength to break support, and the long tail shows bulls picking up strength and driving up price during that candles session. It’s not a PA setup taught here, so I don’t want to really get into it too much.
Maybe I read the post wrong, but I thought he was looking to short that pinbar. Either way, no good PA signals on either chart posted.
It looks like a good BUEB to me. The only thing was that it closed right below previous support that had been tested quite a few times in previous candles. Once it broke through though, it really took off!
There’s a bullish pin on the NOK/JPY pair. I want to go long on the break of the pin. I’d like to hear your views and opinions.
I think I would have liked to have some more candles in the retrace into the swing low, and perhaps a bit bigger of a signal. I don’t know how everyone else feels though. Still a good find.
[QUOTE=“harganoff;495833”]Hey all, not sure if this was brought up in the thread or not but was this a viable BUEB off of daily support on the GPBUSD? The chart is 4H
<img src=“301 Moved Permanently”/>[/QUOTE]
If you look at this set up on the daily chart you get the same signal, BUEB. I believe it was a strong set up, (I ended up taking it). The guidance in this thread is to take the largest time frames first, as they give stronger signals. Lower time frames, (8H and 4H) can also be used. The time frame you use for identifying, setting up, entering and managing the trade should be the same.
Did you take this trade?
sorry to be blowing up the page, but i think iv spotted a noteworthy pin bar on the 4H AUDNZD chart. It appears to be right on the top of the trend line. I have opened a short position and set it to just above the high of that pin bar. Thoughts on this position?/ is this even a signal?
[QUOTE=“Ipbyrne;495881”]sorry to be blowing up the page, but i think iv spotted a noteworthy pin bar on the 4H AUDNZD chart. It appears to be right on the top of the trend line. I have opened a short position and set it to just above the high of that pin bar. Thoughts on this position?/ is this even a signal?
<img src=“301 Moved Permanently”/>[/QUOTE]
Look how small the bar is compared to previous ones though and the fact that price has come up to make a higher high, could be the start of a reversal, also trading into 1.1930 level. A pass for me. How would u manage the trade if u take it?
I just checked it out, I can’t see your screen shot very well but on my chart there is no pinbar. It’s actually a spinning top, or indecision candle.
[QUOTE=“Ipbyrne;495881”]sorry to be blowing up the page, but i think iv spotted a noteworthy pin bar on the 4H AUDNZD chart. It appears to be right on the top of the trend line. I have opened a short position and set it to just above the high of that pin bar. Thoughts on this position?/ is this even a signal?
<img src=“301 Moved Permanently”/>[/QUOTE]
And it looks like u jumped in at market? We only trade breaks of pinbars here. So a sell stop to go short 5-10 pips below the low (depending on the spread your broker has) is the preferred entry method
Iv taken a small position and have set my stop @ 1.1995. Avg is 1.1960. Will look to take 1/2 prof @ 1.900, and 2nd 1/2 @ 1.185
I figure risking 35 pips, for 60-110, isnt a pretty bad risk reward ratio.
NOTE: I am very new to this. Not sure if trade is good PA signal, but I am trying it out to test my abilities on spotting them.
Ty for answer!
This is something i should work on. Entering trades with pending orders. Ty for info!
[QUOTE=“Ipbyrne;495887”]Iv taken a small position and have set my stop @ 1.1995. Avg is 1.1960. Will look to take 1/2 prof @ 1.900, and 2nd 1/2 @ 1.185
I figure risking 35 pips, for 60-110, isnt a pretty bad risk reward ratio.
NOTE: I am very new to this. Not sure if trade is good PA signal, but I am trying it out to test my abilities on spotting them.[/QUOTE]
Risk reward is not the most important thing otherwise we could just randomly place trades with high RR and be profitable if you see what I mean? It is still important but we we wanna look for the signals that jump out at us, the big pinbars and the big engulfing bars. These give us the most reliable signals and the least risk to our capital which is key to being consistantly profitable. Good luck with the trade and hope this helps a bit
It’s really difficult to see your charts. But like Krugman said, looks like the small body is more towards the middle of the candle, making it an indecision candle.
Just a suggestion, putting charts with a white background makes it easier for everyone to see.
Well, both of these trades did go in the direction signaled by the respective pin bars. O well, better to just wait for that A+ signal I suppose. All is not lost however…
This did go up against the trend, and it is approaching my resistance line I have drawn in which also happens to be close to the VBRN of 1.2000. If it makes a PA signal here, would be a great place to go short and get in with the very strong down trend.
Price did go lower, and there was a chance to take off profit if managed correctly and shown by the blue line. It’s gone up a bit since then, but it might go lower. If it breaks the support, and retraces would be a good place to go short and get in with the trend.
nobody help me to answer my question 
This BUEB worked on this case, but it against the trend, so its not the A+ setup, Like play the pocker, some time we can win with the cards under 10…but they always bring the high risky, Try to wait until you see the ACE card to play, its will increase the wining rate.
on the USD/JPY, see the below chart of daily, you can see the price still not hit the support. both of your pinbar are not formed at swing low, they were hided beside left candles. so on EUR/ JPY, your stop loss put right on support is not a good idea, the price sometime com back to test the level again… that just my thinks, hope that useful…
