Trade Forex Trading

Learn Forex Trading

Pin bar price action method

A pin bar is a reversal signal on a chart which shows an obvious change in sentiment during that period.

 

This bar has a long tail with the closing price near the open.

 

The bar looks like a pin thus the name Pin Bar - occurs after an extended move up or down.

 

This reversal is confirmed after market closes below the candlestick that precedes this pattern. Below the reversal is confirmed after the market closes below the blue candle that preceded this candlestick.

pin bar price action reversal


 

Combining with line studies:

This signal can be combined with other line studies such as Support and Resistance levels, Fibonacci retracement levels and trend lines can be used together with this signal to generate buy or sell trades.

 

Support and resistance

A pin bar that forms after price hits an important support or resistance level can be used as a signal to enter the market. when a this pattern forms the trades taken should be in the opposite direction of the tail.

 

If the market moves up this forms a pin bar with tall upper tail, then the signal is to short.

 

If the market moves down the forms a pin bar with tall lower tail, then the signal is to long.

Pin Bar combined with Support & resistance levels

Combining With Support and Resistance


Regulated Forex Broker

Takes 4 to 6 weeks to open an account, open early: Read The Article "Account Opening Procedure"

Choose the Best Forex Broker: Read The Article "Best Forex Broker"

Up To $6.67 Dollars Bonus for Every Lot Traded Get Up To $6.67 For Every Lot Traded

 

Trend lines and moving averages

Pin bars that form after price touches a trend line or moving average can be used as signals to enter the market.

Pin Bar Action Combined with Trend lines

Combining With Trend Lines

 

Pin Bar Price Action Combined with Moving Averages

Combining With Moving Averages

 


Fibonacci Retracement Levels

Pin bars that form after price touches a Fibonacci retracement level can also be used as signals to enter the market.

Pin Bar Price Action Combined with Fibonacci Retracement Levels

Combining With Fibonacci Retracement Levels


These patterns are often created near extremes in market swings, and they often occur at after false breaks. This is why this pattern is used to place trades in the opposite direction of the tail.

Up To $6.67 Dollars Bonus for Every Lot Traded Get Up To $6.67 For Every Lot Traded

Market Outlook: Very Bullish for EURUSD, and EURJPY - Also for GBPUSD, GBPJPY, and AUDUSD (No Need For Technical Analysis - This is Risk Appetite -Risk Averse Speculation).

Do Not Be Left by This Opportunity: Open an account and start buying Euros and position yourself early - Risk appetite speculation has already started. - Others are already profiting - Read the article How to Fast Track Account Opening and Open an account now.

Strategy: Buy the retracements and use 1 Hour and M15 Charts to look for best entry and exit points - Also checkout Money Management Rules.

Poland FX Seminar Gala

XM Account Holders Attend Poland FX Seminar

Malaysia Seminar

XM Account Holders Phillipines Seminar

XM Account Holders Thailand Seminar

Malaysia Forex Seminar

Hungary Forex Seminar

Greece Forex Seminar

XM Account Holders Hungary Seminar

XM Account Holders Thailand Seminar

European Forex Broker XM is Licensed and Regulated in 12 Countries; 10 European Countries, Australia and UK

XM Forex Broker Regulation Licenses

Should you open an XM Account this is exactly how it looks like:

Forex Account Secure Clients' Area - Trader Cabinet

Up To $6.67 Dollars Bonus for Every Lot Traded

Loyalty Bonus Points - Up To $6.67 Dollars Bonus For Every Lot Traded

Bonus Points

Forex Trading Accounts Members Area - Withdraw and Deposit Options

Real Forex Trading Account Withdraw and Deposit Options

XMP Forex Loyalty Bonus Program

Silver and Gold Online Trading

CFDs Trading and Forex Trading

50% and 20% Bonus

$5,000 Forex Bonus

Bonus Points

Forex Account Types

Micro Account - To open Micro Forex account, $100 minimum balance, 1.7 pips spread on majors, Leverage 1:500

For this account you can trade Micro lots as well as Nano lots and Pico lots. Traders looking for micro Forex brokers or micro lot Forex brokers can open this account.

Mini Account - To open Mini Forex account, $1,000 minimum balance, 1.7 pips spread on majors, Leverage 1:200. Traders looking for mini Forex brokers or mini lot Forex brokers can open this account

Standard Account - To open Standard Forex account, $10,000 minimum balance, 1.7 pips spread on majors, Leverage 1:100

As a note, you can also trade mini lots on the standard account, just select 0.1 Lots instead of the full lot - 1 lot.

Executive Account - To open Executive Forex account, $100,000 minimum balance, 1.7 pips spread on majors, Leverage 1:100

As a note, you can also trade mini lots on the executive account, just select 0.1 Lots instead of the full lot - 1 lot.

XM Zero Account - This account provides spreads as low as 0.1 for traders looking for a low spread Forex broker. (For this account there is an additional commission of $10 per lot on top of the spreads). This account is suited for high frequency traders such as scalpers and EA traders looking to save on the spreads. This is the account for high frequency EA automated trading strategies and traders who look for less than 1 pip forex broker. However, note there is the additional $10 fee commission per lot.


Islamic Forex Accounts

Islamic accounts are swap free, meaning there is no paying/receiving of interest. This account is suited for traders looking for Islamic Forex brokers.

Deposit/Withdraw Funds

Clients have a secure members area on their website once they have opened an account, in this client area or cabinet you can deposit/withdraw your money at any time. By clicking my account and then clicking deposit button then fill the details, for withdraw just click my account and then the withdraw button. Withdraw Requests are also processed on the same business day and receipt of funds is issued within the same day making XM the most reliable Forex broker online.

Regulated Broker