Trading Bullish Pin Bar Signals on Aussie Dollar (AUDUSD)
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.
14 Comments Leave a Comment
Thanks I watched your video, the methods seem very easy and I am looking forward for the next video.
Great video, thanks Nial
Awesome video, Nial! I’m just wondering what makes you take that setup as a 50% retracement of the pin bar as opposed to entering on the close of OR break of the high of the pin bar?
Screen-time I’m sure is the biggest factor. But is this a matter of the strength of the trend? Or if the market has just contracted after an impulsive move? Or if the pin bar occurs after a big run, pointing to a reversal in trend?
GREAT video, great method. Thank you very much!
Thanks ! Thanks ! and Thanks again Nial! I have understood Price Action !!!!!
Thanks I watched you video, the methods seem very easy and I am looking forward for the next video.
I am delighted to have found your web site; thank you.
I have a trading account with Interactive Brokers and am concentrating quietly on the AUD/USD. Interactive provide charting information directly from 1 hour to 1 day. You seem to place a deal of emphasis on 4 hour charts, can you suggest a solution to this dilemma please.
Many thanks for your impressive clear explanations, it’s a great help for us newbie here.
Didn’t take that one due to buying into potential resistance @ 9400 level (goes back to Nov 07 on weekly) but got on the nice pinbar on the NZD/JPY on the MONTHLY charts earlier in the month using a 50% tweak entry based on a reversal at a confluence of quite a few level actually….lets see where this journey takes us :-)
Thanks, Nial. I’m very new to this. I’ve grown weary of folks throwing thousands of dollars of indicators and templates at me already (I haven’t purchased one either). I’ve watched your videos, and your methods seem very simple to follow. I can appreciate that. I look forward to joining you soon.
Healthy and Wealthy trading!
Exellent nial, as always, looking forward to the new course matterial, I appreciate the time and effort you are putting in to better train us.
Great stuff here Nial, as always. Glad to hear you are adding new material to the course. Very much looking forward to it. Thanks for always taking the time to post these videos and comments, accessable to all at no charge.
The new Members Market Summary section detailed by you and Larry is a great addition to the forum. Thanks again.