2016/11/15

Let's start with pinbar


Let's focus on simplicity. Simple market observation and placing trades on critical levels can improve your strategy dramatically. 



Pin bar price action pattern is a very powerful signal and one I have started to modify my observation and trading. It is based on Nial's system that I try to understand and implement. Have you tried?

GBPAUD
8 and 21 MA's started going up. Price rejected of 50% fibo and important PA level resulting in small correction that went down to trend line. Inside bar has formed. Last D1 bar closed in the area of inside bar. Due to last item signal is not clear but I traded it. Moreover this pinbar looks not 












































EDIT: Setup was correct however trade has bot been triggered due to too high estimated pull back.

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