Ticking quallity is a bit bad on this chart but still good enough to use it for learning. Some trade examples taken:
1.Long entry. It was entry ahead of when pinbar was formed but it was still safe entry becouse distance from Kijun is huge, it was sharp fall and some sort of retracement is expected. Price went straight to Kijun which is about 50% retracement from move before, but i closed it a bit sooner, if you do aim for 50% retracement with TP on kijun it is recommended that you use BE SL becouse price tends to move fast down once it reaches Kijun.
2.Short entry.Entered short after bearish pinbar was formed. Was expected for price to go to Kijun and then bounce back, entry here was a bit ahead, if you use stop loss in such case place it 10 pips above Kijun. Overall it was safe short entry as Kijun was just about to break down from cloud into bearish teritory.
3.Long entry. Entry after pinbar was formed, it has been sharp 180 pips fall and we enter on pullback here. TP is such case could also be on Kijun and PA meet, which you can notice that price went to Kijun and then it consolidated a bit. I did close this trade way too early.
4.Short entry.Overall we are in 80% correction from previous move and it was very nice topping by strong pinbar, pretty much the same story as on GJ chart i posted few posts above. Price made strong correction of previous move, topped and then returned down a bit enough for us to catch some pips on short. In such case price retraces to 50 or 80% of PA and Kijun distance it usually never gets very close to Kijun as it bounces up early.
5.Short entry. If you take a look on Kijun it made a bit down turn a little hook , signaling that bullish trend might be over i have entered short on resistance and rejection from previous short entry.
6.Long entry. Trade still opened.
1.Short entry. It was strong correction up on last few candles, it was quite small retracement and move up move was signaled by bullish pinbar right after entry. Once this happens its best to exit as soon as possible.
2.Short entry. Clear rejection of Kijun on bearish pinbar, PA closed bellow Kijun which signals rather bearish move. Exit was made on support from previous lows.
(Between 2 and 3 entry missed clear bump from Bollinger bands on 2 pinbars, wasnt paying good attention to it).
3.Short entry. Close out of Bollinger bands, after 3 strong bullish candles, some sort of retracement is expected in such case never aim 50% but rather less than 25% of retracement as we arent really trading retracement of big move but rather only smaller bullish move.
4.Short entry. I have exited here little before PA and Kijun bumped, secondary exit could be two candles later on bullish pinbar. You can notice that PA went bellow kijun few candles later and Kijun started to turn down, if you wouldnt have exited before, TP would now be on last two pinbars shown on chart (50% retracement of whole bullish move).
