Hi,
Anyone know about PinBar entries?
A pinbar consists of :
left eye -
nose -
right eye -
So a true pinbar is a 3-bar formation. But ‘the book’ says enter just below
the nose, but at that time the right eye does not exist…
Does this mean that the right eye can be ignored when looking for a pinbar ?
Or should one wait until there is a good right eye (good pinbar), and THEN enter (late) ?
question
What do you mean by the ‘book’
please elaborate
thanks
Just a figure of speach…
But the description here highlights the point:
livetradingblog.com/?page_id=14
I only trade pin bar reversals; daily and 4H. Google Nial Fuller and watch his free videos on pin bar reversal actual trades. And go back a ways in time as some of the older videos have more basic info that the newer ones. And no, I didn’t buy his “course” nor do I get anything for the recommendation. It is a very easy way to trade if you don’t have to have short term action. You can search the “Holy Grails” here for Mav08 (I think). He got banned for always listing his web site in his posts but that doesn’t mean he has an inferior trading strategy. d.
edit: The key word is “reversal” and not just any pin bar. Again, see Nial Fuller’s explanations.
I’m noticing that Nial Fuller and James16 are pretty much singing from the same hymn book. I’m trying to peek over their shoulders now, I want to sing that same beautiful song. 
It’s pretty refreshing too see Price Action geting attention. I learned a bit from Nial Fuller’s website prior to him deciding to start charging everyone for his information. It was pretty expected he was building up to that.
As dobro mentioned, good info the lad has available for free. And I would recommend it to anyone wanting to learn about price action. I personally subscribe (for free) to Nial’s youtube channel.
If you ask me though, there’s nothing that he sells that can’t be found out for free.
Yes, after a year (about 1500hrs) of programming and studying this stuff
I have pretty much concluded that (normal) EAs and commonly available
indicators (incl NNs) just isn’t going to work in the long run… the indicators basically tell different versions of the past but they can’t look into the future.
Nial’s methods on the other hand are simple and he is showing what the market is going to do, sometimes days in advance. THAT’s the type of ‘signal’ thats needed to trade. Have looked trough about 40 of his videos tonight, will do the rest tomorrow. I’m really looking forward to start testing some of his ideas on monday when the market opens. Once one gets the hang of it it looks simple, and only takes minutes each day. This in sharp contrast to daytrading or scalping…watching a bunch of indicators that basically give you gray hairs and no usable info. Actually looking for those special patterns
and spotting potential setups looks like a lot of fun!
My problem, which I still have, is that with such an easy recognizable pattern one can scan 2 dozen pairs in 2 minutes or less. Sometimes I get an ideal P.B.R. but on a pair I barely heard of so SL & TP are problematic. Also, the daily close is, depending on your broker, early to late evening meaning that the Asian session comes into play and I’m ready for bed. The 4H is not as much of a problem. d
Thanks for that…!!
My experience has been that google can give most of the information we require re trading…
It is great of many people to share their ideas… makes it so that people do not have to pay to get an education re trading…
What I have found profound is… people using simple charts with a couple lines on them seem to earn a lot more than people using charts laden with indicators…
When I started into this several years ago… I got into indicatorville… and escaping has proven to be difficult…lol
As for my initial question it got answered in the videos; he says enter on the following bar (the right eye), either just below the nose or in the middle of it. Also the important parts to look for when searching for a pinbar
seems to be the nose and left eye.
So I just made an indicator, not really an indicator but more of a search program, that scans trough all the selected pairs and TFs and all bars on each chart looking for a possible pinbar… and there are LOTS of them!
A rough estimate is that a good pinbar can be seen about every 50th bar.
Obviously not all of them are tradable, but the combined number across 4H and 1D and 10 pairs would seem to offer several possible setups each day.
Interesting…
They all do. 2000 members X $500 = $1Mill. More than one way to skin a cat.
I’d never go down that route, If I can’t trade forex profitably I’ll find something else to do.
PRICE ACTION is REAL trading
indicators are just a means of selling you a system 
lee
nail has been influenced by james16 so both of there trading styles are very similar. so if you want good free education on it you should check out the james16 thread right here at babypips. there is some pdf’s with info in them about what trade setups to look for.