Trading The Pin Bar Reversal Method In Forex

In this video I discuss Trading Multiple Pin Bar Reversals on Daily Chart in line with Trend.

Video Synopsis Video Synopsis – Trading reversal bar systems in forex – 6-9-2009 In the above forex trading video we are looking at a live GBPJPY reversal bar forex setup that formed on the daily chart.

This is for educational and training purposes only and is not to be considered a trading recommendation.

In this setup we are looking for 3 things: • Uptrend Daily chart uptrend carries a lot of weight, horizontal line at 151.10 broke out to upside.

Moving average divergence indicates momentum is up.

Prices are obeying the MA, short term momentum is extremely buoyant, and each time price hits the MA it bounces from it and closes higher.

The uptrend is great but we need some confirmation to find our trading signal.

• Price action The confirmation comes from a reversal bar, the classic candle bar “doji” or bullish pin bar reversal.

The tail is pointed down for an uptrend continuation.

We can only look at bars that are closed out to find our trading signals.

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