Comments on: Pin Bar Reversal Method on NZDUSD

By: Cormac

Cormac — Fri, 22 May 2009 17:11:36 +0000

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.

By: mike

mike — Thu, 14 May 2009 22:00:05 +0000

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

By: Mary-Jane

Mary-Jane — Thu, 14 May 2009 17:47:14 +0000

Which timeframes and pairs work best when using this method?

By: stan

stan — Thu, 14 May 2009 16:51:46 +0000

Can you make the charts a little larger ? You have the full screen and you use less than 10% of it !

By: Nial

Nial — Thu, 14 May 2009 09:00:59 +0000

The support resistance levels are “visual lines that must be manually drawn” on the forex chart.

By: Gerhard

Gerhard — Thu, 14 May 2009 08:51:02 +0000

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

By: Jeff Taylor

Jeff Taylor — Thu, 14 May 2009 04:35:54 +0000

Excellent! 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