hmm... I understand the image. But not the "secret"

Pin bar PA strategies look simple. But they require far more knowledge than just looking for "tail" of pin bars. Usually tail is considered to be reversal but it is not the case always.

Originally posted by asiaforexmentor

 

Forex trading strategies:SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING.

 

 

 

[IMG]http://www.asiaforexmentor.com/webpages/gbpusd1.gif[/IMG]

 

I would like to share with you guys a “secret” which is not. =)

 

By just entering on the arrows shown, we have no surprise on where to enter and where to take profit.

 

If we miss to enter at the peak on the 2nd arrow, we would also have entered on the price action bar: pin bar

 

These are knowledge to let you know that price is heading down – to: our low of the consolidated box

 

This is something i have been doing all these years, these are my daily incomes. And they are GOOD incomes!

 

Ezekiel Chew

 

[URL="http://www.asiaforexmentor.com"]Asia #1 Forex Mentor[/URL]

One of very common strategies. It looks like PA is really simple when we look at these strategies but when we start applying these strategies on our real account, it becomes difficult for us.

Link is not working for me. It says internal server down.

But comments by users say that it is PA. Details by AFM is too short for me to understand unless I can see Image. I have seen some Pin bar Tail-reversal strategies  and I think it is one of them.

I dun think , it is a strong signal. I can see another couple of stronger reversals than the ones u pointed. Especially 21st june bearish bar. This one is a strong PUT signal.

AT LAST. I can see the image now. I think their server was down when I checked it a few days back. 

I have studied an article on tail-reversal strategies. I am also of the view that position of two arrows in graph is not a convincing signal.

Pin bar reversal strategies r very powerful. Usually people also take help from overbought and oversold indicators which is sometimes not benificial. Similarly there r different point of views about when to enter and exit trade. 

First u will have to wait for a perfect tail then u will have to make sure market doesnt go against it so SL is also necessary. If u keep waiting for next reversal trade or market comeback, u might loose many pips.

Originally posted by Champ

Pin bar reversal strategies r very powerful. Usually people also take help from overbought and oversold indicators which is sometimes not benificial. Similarly there r different point of views about when to enter and exit trade. 

First u will have to wait for a perfect tail then u will have to make sure market doesnt go against it so SL is also necessary. If u keep waiting for next reversal trade or market comeback, u might loose many pips.

I do not agree on this point. This kidn of behvaior will be very aggressive which might cause loss.

If we enter very first reversal by assuming that it is a perfect pin bar then we will most probably be caught up in a fake trend. It is not possible to point out exact or anywhere near to exact reversal. It is better to wait and to analyze market before entering a trade. 

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