Price Action Strategies
- Thread starter krtrader09
- Start date
The above trade would have been entered on a break of the high of the pin bar with a stop loss just below it's low. Target is set at 1.0700 resistance at the top of the range.
The above chart is Daily USD/CAD. Sorry.
LOL. The whole thing was a bait to the master's site 
If you don't like spammers, hit the complain button on his last post.
If you don't like spammers, hit the complain button on his last post.
Nothing was a bait. I forgot we can't post links on here. I just wanted to share where I have been learning price action from. Anyways, here is another interesting price action setup:
DAILY AUD/USD
Entry: Market at close; .9118
Stop Loss: High of pin; .9175
Target: Support; .9005
Risk = 57
Reward = 113
(approx. 1:2)
DAILY AUD/USD
Entry: Market at close; .9118
Stop Loss: High of pin; .9175
Target: Support; .9005
Risk = 57
Reward = 113
(approx. 1:2)
why would you have not taken the previos (almost identical) pinbar?
Quote from krtrader09:
Nothing was a bait. I forgot we can't post links on here. I just wanted to share where I have been learning price action from. Anyways, here is another interesting price action setup:
DAILY AUD/USD
Entry: Market at close; .9118
Stop Loss: High of pin; .9175
Target: Support; .9005
Risk = 57
Reward = 113
(approx. 1:2)
or the pin bar 2 bars ago?
I can see why you wouldn't have taken this one. If the strategy is based on continuation of the prevailing trend, the pin bar two bars back never gave you an entry signal. No breakdown through the low of that bar. The previous one, though, dated near the 1st of December and located just after the green bar, looks to me like a valid signal based on what he's describing.