Interesting, I never knew that about the spreard calculation. However on Axi with the tight spread there is a correlation but not on FXCM. Nonetherless I never could explain why the significant larger spreads with the crosses
So these are the kinds of trades weâre looking for right? This is from Oct 2013 EURAUD H4. Iâm just practicing on old data since itâs the end of the week.
Very great information.
Question, how many trades are you guys getting in with this information? Teaching to trade off Key S/R lines? This could take days/week to actually get to than form a good pattern.
Sorry still learning.
Yep you have the general idea, trading with trend and entry close to a swing high. 
However, the BEEB you have marked is not a true BEEB as it does not engulf the top of the pinbar next to it and the swing low line you have drawn to the left shows a FTA (first trouble area) that some may deem too close to your entry level price. Each of these mean it is not an A+ trade.
Kiwiman
I seem to get approximately 6 trades a month. There were more trades I didnât take as they correlate with the ones I took.
My 2013 record, strictly daily time frame.
August - 6 trades. 3 win, 1 loss, 2 BE
September - 6 trades. 3 win, 2 loss, 1 BE
October -6 trades. 2 win, 2 loss, 2 BE
November - 5 trades. 4 win, 1 BE
December - 6 trades. 4 win, 2 BE.
GBP/JPY D1 closing in on a promising somewhat confluent level, hopefully this former support turns into a resistance so that I can be looking to short this next week if it reaches the 168,5 area and gives a good signal. Which one of the Yen-pairs looks best to you guys?
Really great track record there. Is this demo or live? If demo Iâd assume youâre making the switch soon?
2013 was on demo 
January this year Iâm trading live. Doesnât look as good as last yearâs haha, still need to master my psychology.
Pairs Iâll be watching on Monday.
AUDNZD daily pin bar - some were already in this trade. It missed my pending by 3 pips tho, Iâll place my pending again on Monday if price doesnât gap downward.
GBPCAD daily pin bar - I like it when couple pins just form next to each other, kinda like GBPUSD a few days ago. GU looks a lot better tho as this one is stuck in a tight range. Iâll keep an eye for a break higher.
Ones Iâm probably not taking.
EURCAD daily pin bar - rejecting round number 1.5000. With the trend, but FTA very close.
AUDCHF daily pin bar - going straight into 0.80000.
CADCHF daily pin bar - S/R all over the place.
Hi Panupat i was also watching AUDNZD and my chart shows a BEEB formed on fridayâŚi wanted to enter but the next support or FTA is at 1.0740 with current price at 1.0795 so was thinking R/R might not be good providing my S/R areas are right. what do u think?
I donât see BEEB in my chart. Resistance as I see is about 50 pips away.
what do you think about eur/aud daily pinbar 3 days ago?
I was a little hesitated because of the previously strong candles .
The pinbar is big, in the market direction and On a good and strong swing .
Ideas ?
Hi abc2005
For me;
1)the pin close is too far from the support line and
2)price has already gone passed were my pending order (10 pips passed pin high) would have been set.
So for me I have missed this trade and will not be trying to catch it.
Kiwiman
Yes youâre rightâŚitâs not a BEEB. so now iâm confused. could u tell me which bar your entry would be based on? sorry i cannot post any chart cause iâm a new member of the forum and still not allowed to post links
Itâs a very obvious bar, sticks out, screaming in my face. hint hint
I am in this one, went long just 5 pips above the close of the pin bar reversal. The setup is correct, long and obvious pin bar reversal that hit the support level at a swing point, open and close of the pin bar is within the previous candle and in direction of the up-trend momentum.
Looking to lock some part of the profit and break even my SL at the round number 1.53 which is the next resistance level and the rest of the profit at 1.547, let see how this one goesâŚ
Another good setup is the AUDNZD where 2 pin bars formed at swing high point and very old support level (2008) and a new resistance (a month ago) at around 1.09
Put a sell limit order at the half of the last pin bar which was trigger on Friday, looking to take half of the profit on the small round number 1.075 which is the next support level and to break even, the rest of the profit I hope would be at 1.066 if price action show a reversal, if not Iâll be looking at 1.055. Let see how it goesâŚ
my only problem with this trade is the fact that if you look at monthly and weekly its right near the bottom of its historic range i.e its nearly the lowest its ever been, i donât think it will be able to break 1.055, i had a position from the .618 of that pin but pulled it friday night due to spotting that
Well I donât look at the different TF for the S/R that the one I am trading in but it is indeed at its lowest but doesnât mean it wonât break through 1.055 is still a long way from the entryâŚ
Although, if we see a low swing not creating an new lower low and a reversal that creates a new higher high, we can be sure that the trend will reverseâŚ
no normally i would completely agree with you on not worrying about what the different tfâs are doing but with this one it is right at extended and historic lows so for me its a no go. it probably will work out it is a very nice signal from a lovely level but for me there is that added risk and that is enough to keep me out
I totally understand your point, I am more an aggressive trader but I do not intend to go lower than 1.055 anyway. I canât wait to see how this one goes in the following months.