Hi Traders, Here is a Great Forex Training Video on Trading Bullish Pin Bar Signals on Aussie Dollar (AUDUSD). This is a great Tutorials Video on Trading the Pin Bar buy signal with 50% advanced Tweak Entry on the Daily Chart timeframe.
Video Synopsis – Trading Bullish Pin Bar Signals on Aussie Dollar (AUDUSD)
In the above forex trading educational video I begin by discussing why I use the New York close charts, these charts do not include the Sunday trading session as a single bar; instead they combine the Sunday and Monday sessions as a single bar, these charts are superior to GMT charts in my opinion, they produce more and higher-quality price action signals.
The trade setup discussed in this video is a daily pin bar reversal with a 50% “tweak” entry, this setup occurred on the AUDUSD. The pin bar formed right on a very obvious uptrend line that had existed for sometime in the market previously. This setup was with the trend and I advise beginning traders to trade in the direction of the existing trend only.
The bar that formed just after the pin bar setup moved down to the 50% “balance point” of the pin bar, allowing for a tight entry near the 50% balance point of the pin bar’s range. This video gives a good example of the pin bar forex trading strategy with trend with a 50% “tweaked” entry.