What Timeframe James16 Uses?: He uses them for dynamic support and resistance levels. Not all pin bars are created equal. The location of where the pin bar forms is very important. For a bearish pin james, the tail will be pointing up, then you sell the tail is pointing up then you sell.
The probability of success in trading pin bars is higher in larger time frames like the 4hr and daily. I mentioned previously that not all pin bars are created equal. The opposite is also true, look for pin bars in swing highs in a downtrend and if forex pin bar forms, take a short trade.
You can also watch exponential moving averages for pin bar trading setups. The EMAs that you can use are:.
This fact alone makes trading pin bars one of the most versatile forex systems out there. For those trades that may find it hard to understand, this is generally how you trade pin bar trading setups:.
What moving averages he uses? The Exponential MA is Hopefully, this post has solved some of the confusions about how to use the james16 forex trading strategies and methods. Hi Rkay, hope you dont mind if you have such time to replace the bar chart into a candlestick Chart for a better view of price action. Id really appreciate it. Menu Simple Forex Trading Strategies Price Action Trading Course Price Action Trading Strategies FX Trading Signals.
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