Live Trade – Pin Bar Forex Trading Strategy

Below Is a Video of a Daily Chart Pin Bar Signal On AUDUSD Currency Pair. This Is a Trade I Posted Live on 16/1/2012. I Wanted To Share With You All How I Do My Analysis and What I look for on the charts before entering a trade. Please do not use this as trading advice and make your own decisions before entering any trades.

Here is The Risk Reward Trading Tutorial I Talked About In the Video

View Video Synopsis

Video Synopsis – AUDUSD Daily Chart Pin Bar Reversal Setup

In the above video, I talked about a bullish reversal setup, trading with the trend, plotting levels and trading in a "swinging market".

I am looking at the daily chart time frame in the above video and we are looking at the last few months of price data in the AUDUSD. I draw in the key support and resistance levels on the chart first. Then it's determined we have a sideways market overall with a short-term bullish trend.

In the above video, I entered a long trade (buy entry) based purely on the market's price action. As I say in the video; there's never going to be the exact same setup twice, but what we are looking for a is a trading "edge", this is a repetitive price action setup that we can use to enter the market from. In this video, I am talking a bullish pin bar setup that formed in the AUDUSD that signaled that lower prices were being rejected and that price wants to move higher. A tail on a bullish pin bar signals bullish momentum whereas a tail on a bearish pin bar signals bearish momentum.

In the pin bar in this video I talk about the 50% retrace entry, this is a pin bar entry strategy I discuss in my courses and members area. I talk about placing my stop loss just below the pin bar low which is the typical stop loss placement on a pin bar setup. After defining your stop loss level you need to find a logical target area to place your exit target. I typically look for a risk reward of 1:2 or greater, depending on the surrounding market structure.

I close the video by talking about the fact you will have losing trades sometimes, and I have them sometimes and I do talk about them as you'll see in my commentary...I'm not afraid to talk about losing trades. But, hopefully if you have a solid edge like price action, you can put the odds in your favor over the long-run and make money.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading.
He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
Checkout Nial Fuller’s Professional Forex Trading Course here. or Contact Nial here.

Join the Discussion. Click Here to Leave a Comment – 68 Comments.

    • Hafeez Rasheed

      Hi Nial Fuller

      Greeting from me and my family thanks you gave us very good strategy which name is Pin bar strategy this is very interesting and accurate strategy may you live long

      Reply
  1. ashok

    nice to help others, thank you.

    Reply
  2. Paul Jiya

    Thanks a lot for your effort to teaching newbies like me. However, the video was breaking and not clear.

    Reply
  3. haiwatigere

    yeah gone back to see what happenned – gotta say you put youself out there but you were spot on and that 1.075 was reached with change to spare
    Thank you sir -you good

    Reply
  4. waterman

    i have never seen before such a simplistic approach to forex trading like this.Nial ,only a genius can do this way.Congrats

    Reply
  5. cris

    no sound on this video,too bad !
    c

    Reply
  6. Jehsan

    Just new to Forex. We will get along as time goes on.

    Reply
  7. oduor sadia

    great Nial long live Nial Fuller.

    Reply
  8. Dick

    It became a very nice trade Nial, i just checked it but what i saw was that my candlechart was a bit different as your chart on the video . Can you explain how this is possible?
    Hope to hear a reaction Nial.
    Regards Dick.

    Reply
  9. RC

    I actually saw that video on the day he posted and I made US$ 800.00. It was sweet!!! Nial is the best trading course in the market, in my opinion!

    Reply
  10. Yaniu

    Hey Nial,

    WOW!

    After over a month from when you uploaded this video, watching this again and taking a look back at the AUD/USD price action, I’m just blown away!

    Not only did this trade end in profit, but you were spot on as price took about 14 days to reach the 1.0750 level!

    Also along the way there were many Pin Bar setups that ended up winners!

    This is the best and only place for Price Action Forex.

    Keep up the great great work. Respect!

    Yaniu

    Reply
  11. Ratheesh

    Hello Nial,
    I am really excited by your strategy, hope I will be in your members group very soon.

    Reply
  12. Dane Middleton

    I love your videos, I watch them over and over. Thanks for being a real human, showing all angles of the game – much respect

    Reply
  13. Danny

    This was a great trade with several price action setups along the way to enter. I entered Once again on a 50% pullback of the most recent pin and took a profit of 1:3. At the time of this video being posted I already was up 1:2 on a previous trade but have just closed out for a 1:3. A nice little addition to my trading account. Great video.

    Reply
  14. Michał

    very good trade :)

    Reply
  15. Lionell Dixon

    And he does it again! Thanks for another great one Nial!!!!

    Reply
  16. golam minhaz

    thanks a lot for this nice video.

    this method makes me happy .

    again thanks.

    Reply
  17. Piotr

    Hi Nial,

    thanks for the great video!It’s very difficult to keep things simple while trading and every time I watch any of your videos I m trying to look at charts the same as you master!Nice and simple!

    BR

    Piotr

    Reply
  18. Steffen

    Great video Nial. I love the comment that went something like “some credit downgrades happened in EZ over the weekend, I don’t really care…”.

    You are absolutely right not to care. I’ve only lately noticed how pointless it is to follow news because it only mixes your thoughts. Sure they might have an effect on the market but usually the daily price action itself is dominant.

    I missed out on this trade because of my too bearish bias. Maybe next time. Good luck

    Reply
  19. Barry

    Good Call, Nail, see as of Today (Thursday) you up 160 pips,
    Take care

    Reply
  20. ELAINE

    Hi Nial, i’m really in love with your website, they are so informative!

    Reply
  21. george

    Awesome Nial
    Well through on the course now that I have more time.

    Reply
  22. Lisa Wuornos

    Good stuff, Nial!! I was watching this one as well. It just confirms that what I’ve learned from you has stuck and I know how to spot trading opportunities. Thank you for your website!

    Reply
  23. akshaya kumar dash

    very excellent and usefull coment

    Reply
  24. Fayaz

    Wow simply a wining trade target got hit today

    Reply
  25. Peter

    Great job Nial! This one was a sure winner. I absolutely love your advise from a previous newsletter that said that you have to be patient and shoot like a sniper. That’s gold!

    Thx again.

    Reply
  26. Jasper

    And it turned out a winner already, nice. I took the NZDUSD yesterday. Same scenario :-) Thanks for everything.

    Reply
  27. Drazik

    Just Hit my 1:2 profit target… Good to watch to see if it pulls back to form support then moves higher… nice trade.

    Reply
  28. Nick

    Hi Nial

    Looked at your video, just wondered why you waited as long as you did before entering your trade?

    Couldn’t you have just entered the day after the pin-bar,at its high, and stop loss half-way down its tail?

    Regards

    Nick

    Reply
  29. Martin

    Very good video, makes even more sense having gone through the course a couple of times. Thanks

    Reply
  30. kotijett

    Thanks Nial.

    Reply
  31. Ramli ms

    Thanks Nail.

    Cheers

    Reply
  32. Drazik

    Im also in this trade and I am up at the moment and looking for a 1:2 or 1:3 risk reward. Great to see you put up this video Nial. It would be great to see more of the trades you take.

    Reply
  33. Andrew D

    Hi Nial,
    Just received your email and video; checked my trading diary and found that we must be telepathic. Let’s wait and see what happens!
    I was in this pair long all last week with great success.
    Thanks for the inspiration to keep trading even when the losers come like buses.
    Andrew D

    Reply
  34. Greg

    It looks like I am too conservative, because I did not take this trade waiting until it breaks 1,038 level then retrace to it confirming that 1.038 became the new support. This looked too risky to me in these volatile times.

    Reply
  35. Ed

    Thanks for this insight to your trading Nial. Great content.

    Reply
  36. Michael

    GREAT Video.
    Current market analysis and reasoning for taking a trade is VERY Helpfull! The best way to learn is looking over your mentor’s shoulder to see how they do it!!
    THANK YOU

    Reply
  37. claudio del valle

    gracias por tus comentarios y vídeos son muy importantes y necesarios para nuestro aprendizaje

    Reply
  38. T Allen

    LUV the Video Nial – Great example – Keep the videos coming … it is great to hear your voice and see you walk through an entry on the charts.

    Reply
  39. GioRoma

    I really love the simplicity (and effectiveness) of price action and your analysis is just superb!!! Thanks.

    Reply
  40. BB

    i like the psychology in this approach.Appr
    oaching forex from a psychological point of view is somehow more
    comprehensible to me, as opposed to placing faith in technical indicators. The closer your interpretation
    is to the beating heart of price action, the clearer
    the analysis seems to become.

    Reply
  41. Robby

    Good call Nial. I do think daily chart traders will be watching the close of this candle also….if this candle closes above the open price of the previous candle this will be an engulfing on the bodies .

    Reply
  42. sniper jeff

    Like it.its great to get your mindset on some trades it helps us novices. it looks like a flat top triangle indicating a break to the upside and trend is up lets hope it smashes that resistance! I went for a similar trade on nzd/usd

    Reply
  43. Marcena

    Many thanks for a great video!

    Reply
  44. PERI

    Thank you very much for your video presentation.
    We are on the path of improving our trading wisdom
    by following your Course.
    Regards.

    Reply
  45. Shane

    Another nice video.
    Thanks Nial!

    Reply
  46. radiostar

    Excellent video, Nial. Very helpful. More of the same please. BTW, you might consider dropping the background music, it’s quite distracting. Just a bit of constructive criticism, hope it helps.

    Reply
  47. Michael

    Thanks for the nice and clean charts – well explained. I hope for you that your trade works out well. I see major resistance at the US indices ( Daily ) and therefore in AUDUSD and NZDUSD I currently see the opposite, lol. Big Boys are absorbing all buy orders and preparing for a drop. But this might be wrong of course. My sincere wishes for your further success in 2012.

    Reply
  48. George

    Well done Nial, like some of the comments you made about daily charts how accurate they are, hope the trade turns out well.
    Thanks

    Reply
  49. Fred

    Great bit of training on how to do the analysis.

    Thanks

    Reply
  50. David Amos

    It’s been a while since you put any videos out Nial, I like this one, actually did not take this trade because of the near upside resistance, looks like I am becoming too cautious now!!!

    Reply
  51. Monica

    Thanks so much for that set up……it helps me learn exactly what to look out for. Could you pls update us if you think the trade may go against your trade and what bars/support/resistance to support that? ie warning signals that it MAY go against? I love your easy methodology!!
    Thanks!

    Reply
  52. Terry

    Thanks for the video lesson. I have been following you for a while now, and I am seeing the logic in plain and simple Price Action. Thanks again!

    Reply
  53. Johan

    Great lesson,nothing like a hands on “teacher”. Looking at my chart and your lesson at the same time really helped seeing the setup better.Hope it works out.

    Reply
  54. DRS

    Nial is right – pin bars are very effective price action signals, however, sometimes not spotting a Harami can be a missed opportunity – And you see more of these than pin bars.(really need confirmation for Harami – I think so anyway).

    Just saying.

    Reply
  55. Ross

    Hi Nial,

    Im waiting for the US Index to sort out what side of the current S/R line it wants be on before i trade AU.

    If you look at a 10 day – 1H chart you will see how it is currently playing out.

    cheers
    Ross

    Reply
  56. Sanjay

    Loads of respect for this. You practise what you preach and that what I love about ltttm.

    Good luck will the trade.

    Sanjay

    Reply
  57. Socratis

    Yeah….. show to those guys out there, saying you have no balls, that they are wrong!!! ;)

    Reply
  58. Tim_

    Excellent Nial, that’s was exactly what the course has taught me, I live for the simplicity of it

    Reply
  59. Charles

    cool video Nial! More evidence that you put your money where your mouth is.

    Reply
  60. Filopastry

    Great to see a video again,
    I have taken the buy nzdusd see how it goes

    Reply
  61. Con Kats

    Nail, good work and I really respect you putting your reputation on the line with a live trade. I hope it turns out well but either way , well done .

    Reply
  62. skeg

    another awesome video Nial.
    Lets see some of those losing one’s then ;)
    serious good video, love to see these

    Reply
  63. Jared

    Hey Nial,

    I’m very impressed that you’ve put this video up PRIOR to knowing the outcome of the trade. I hope it goes well for you!

    Reply

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