Forex Pin Bar Trading Strategy
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.
8 Comments Leave a Comment
Nial you are a star buddy I love your work and I’ve learned so many things from you. be blessed all the time.
so we have pin bar so where we enter the market up coming candle or after the candle of pinbar
Nice video, as always. Its been inspirational. I’d like to join your forex course, in time. Thanks for all your support. Really appreciate it.
nial, i think it’s awesome you did this video real time. shows you are the real deal and willing to put it on the line. so how did you manage the trade. it didn’t turn out to be a winner, would be great to see how you handled it.
nope, lost on this trade, but picked up a winner the next day on audusd pin bar reversal from 8110 resistance.
thanks for the support
Excellent video oncemore!
My question is, after seeing the pin bar on daily and looking for confluence to trade from…do you also go lower to look at a 1 hr chart for entry or just stick with the fibo retrace/entry on the 4 hr candle.
Yer, when i need to I will goto the 4 hour chart, but rarely, I love to trade just daily chart as much as possible. If you miss signal on daily, we can use 4 hour to get back in on another pin bar.
Hello there.. nice to see your videos.. very inspirational, as always. What about usd/cad PB?.. think it may have more chances?