A video showing Trading the Pin Bar Method on GBPJPY Forex pair
Very interesting. I am just learning day trading. I don’t know how do we enter the trade.is it the breakout of the previus bar or following bar. Other precautions to be exercised and tips will be highly appreciated.
Thanks.
Pretty good your explanation about what is a Pin Bar. I had this doubt. Its a very strong pattern (hammer)..more strong if closes above the before minimum; (inverted hammer) more strong if closes below the before maximum….Am I right?
Is a requierement that this pattern (Pin Bar) shows over important levels like short term supports and resistances?
Does your system works for a counter trend or follow trend trading?
Regards
Mauricio
RSS feed for comments on this post · TrackBack URI
nicolas said,
April 24, 2009 @ 2:37 amthank you for this viedeo .I am getting a sigificant aspect of trading with your comment on pin bar reversals and figuring out the notion of when sellers and buyers take the upperhand.