Learn to trade Forex & CFD's with Nial Fuller . . .
PRICE ACTION TRADING FORUM
Below, I discuss the Pin bar reversal method with my 50% retracement advanced tweak entry.
I am using the interbank fx platform. Where can we get the feature support and resistance that you showed on this video. This is an excellant tool
The support resistance levels are “visual lines that must be manually drawn” on the forex chart.
Can you make the charts a little larger ? You have the full screen and you use less than 10% of it !
Which timeframes and pairs work best when using this method?
Great job keep it up. but could please make the resistance and support level legible so that the line will not be vague to us.thanks
Nial hi, I’m using Meta Trader4 with Forex.com and the pin bar on the above daily chart is completely different looking, in fact it doesn’t look like a pin bar at all, I’ve just downloaded the FXLite MT4 demo and it (the pin bar) looks like yours now.
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Jeff Taylor said,
May 14, 2009 @ 2:35 pmExcellent! This answers a lot. The other day I asked you why you didn’t stay in a pinbar trade you posted on the forum. You responded it doesn’t pay to be greedy while I stayed in it (targeting a fibo level), and ended up losing a sizeable percentage on the reversal. I can see now this is a better entry scenario, and makes for a more realistic exit as well.
The more I look, good pinbars are plentiful. While I’m still having trouble identifying good (profitable) fakey setups in the process of their forming, I can see that once one learns to be observant, experience improves one’s results.
Thanks Nial