AUDJPY Continues with Pin Bar Candlestick Patterns

Posted on July 23rd, 2009

This is a recap of the previous Video on AUDJPY pin bar inside bar combo signals. Market trending nicely and has formed a further bullish rejection from lower levels.

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Lisa McGrath said,

July 24, 2009 @ 7:20 am

wooo ~ *sparkly*
I’m definitely a Nial group*ie !

Mike said,

July 24, 2009 @ 8:21 am

Hi Nial
From my understanding of your price action trading methodology, you would not have entered this trade until it retraced down to the halfway point of the pin-bar ?
Since it did not retrace that far, how did you determine to enter the trade anyway ?

thanks
Mike H

nial said,

July 24, 2009 @ 8:55 am

There is multiple ways to enter a pin bar, in this case, my stop was able to be tight, under 100 pips, and the market dipped down on the Monday open and proceeded to rally.
Its a solid opportunity when a market gaps on Mondays. Hope you understand that this style of trading is not mechanical, you need to use your head sometimes, it will come with experience.
Nial

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AUDJPY Continues with Pin Bar Candlestick Patterns

Lisa McGrath said,

Mike said,

nial said,

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