bullish fakey setup/pin bar combo/ 8 EMA bounce(buy limit)
entry price: 1.0592
stop loss:1.0517
take profit:1.0742
this trade ended up being successful,resulting in a 150 pip gain.
AUDUSD buy trade(1/30/12) details
Published on Saturday February 4th, 2012 at 03:59PM by youngtrader07
On Saturday February 4th, 2012 at 06:51PM by don555 - Like - 0 People
On Sunday February 5th, 2012 at 12:54AM by RazorX - Like - 0 People
Very nice setup here. Well done!
On Sunday February 5th, 2012 at 09:59AM by youngtrader07 - Like - 0 People
don555: yes i actuallyt was in this trade in my live account earlier this week. usually now when it comes to pin bar setups, i set a buy limit approximately 50% of the pin bar that ive seen in the setup. my potential exit point is at least 2 times my stop loss and for this setup, my stop loss is slightly below the pin bar. RazorX: thanks. i hope to come across more setups like this in the long run.
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