my interpretation of the trading strategies he uses and I may not be 100 right and be sure to point that out to me if you believe. Thus, you will need to learn what a valid pin bar setup looks like, as well as when and how to trade them. Note: these are my interpretation so it may not be exactly as james16 was talking about (You cant crucify me for that can you?). Jame16 trade entries are based on 2 to 4 bars reversal patterns clustered near what he calls are levels/areas/points of confluence. Regards from your own site. Pin Bar Fact#3: The probability of success in trading pin bars is higher in larger time frames like the 4hr and daily. Focus on trading pins bars in trending markets first as this gives more high probability of success. How to spot this pattern: This is a two bar forex chart pattern and the first bar must be a bullish bar (green) and the 2nd bar must be bearish which overshadows the 1st bar because its high may be a few pips more higher. It is a 2 bar chart pattern, the first bar must be a bullish bar (green) and the second bar must be bearish which overshadows the first bar because its high may be a few pips higher than than that of the first bar and. Forex Indicators: simple moving averages 21, 79 and 365. The EMAs that you can use are: the 8 and 21 period EMAs the 9 and 18 period EMAs the 7 and 14 perioud EMAs Pin Bar Fact #5: Did you know that Pin bars can be traded successfully in both range bound and trending.

James16 forex factory

James16 forex factory

We and our partners operate globally and use cookies, including for analytics, personalisation, and ads. The main EMAs that you can use are: the 8 and 21 period EMAs the 9 and 18 period EMAs the 7 and 14 perioud EMAs Pin Bar Fact #5: Pin bars can be traded successfully in both trending and range-bound market conditions. You want to trade pin bars that form at swing lows in an uptrend or at swing highs in a downtrend. Well, it is a 2 bar chart pattern and the first bar must be a bearish bar (red) and the second bar must be bullish (green bar) which overshadows the first bar because its high may be a few pips more higher than that. Place you stop loss 2-5 pips above the high of the 2nd candlestick in the pattern. The location of where the pin bar forms is very important. I believe, he is no longer supporting the thread he started some years ago at the moment as he has got his own site where traders subscribe for a monthly fee to learn the james16 forex trading strategies and methods. If you are a new forex trader, you will find this a bit too much, you have to read a handful of times to fully absorb all the information. Its only a valid pin bar setup if it forms in the correct place, otherwise, its nothing to take notice.