The Pin bar Forex Trading Strategy in the Training Video Tutorial Below will show you How I made a Live Trade on the NZDUSD pair.
Video Synopsis – Forex Pin Bar Trading Strategy
The forex trading educational video above discusses how I trade the pin bar reversal 50% entry within a trading range. This video is a “taste-test” of the type of strategies that I teach in my forex trading course. The purest form of trading is price action trading, using a clean price chart, no indicators, no mess, just pure price action. I like to keep my charts simple, clear, clean, straight-forward and logical.
In the above pin bar reversal example we had the initial pin bar sell signal and then we had points of confluence to reinforce the setup:
1) Strong horizontal resistance level. 2) The pin bar setup itself. 3) Solid risk / reward (at least 2 times risk). 4) 4hr chart was confirming the position on the higher time frame.
So, all the points of confluence lined up for this setup and told me the setup was valid and worth trading. The entry came on a 50% retracement of the pin bar’s trading range, we place a sell limit (to go short) near the 50% level of the pin bar tail and place our stop just above the high of the pin. This video has been a great example of how to use confluence to trade the pin bar forex trading strategy.