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    Thread: Reversal pattern

    1. #61
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      Quote Originally Posted by seven_razor View Post
      What is pin bar & inside bar?
      I'm newbie so i don't know about it.
      Will you teach me about it...
      Thanks before, i'm really appreciate it...
      As far i know pin bar inside bar define the market trend. so if you keep your focus on this then you can understand market trend and can able to place a position.
      i directly upload screen shoot last week eur/jpy. here see when bearish pin bar build up market automatically become up trend.
      Attached Images  


    2. #62
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      But this is not 100% accurate. Its only a majority chance. I only say this because some newbies will going to follow this blindly and when its a false reversal of price they will going to blame this saying its a wrong way to analysis the market and wrong way to trade. But the truth is that they just don't understand how the market moves. I do earn good money in forex trading by minimizing my loses and making more profit.


    3. The Following User Says Thank You to bulastika For This Useful Post:

      shyammandal (03-15-2018)

    4. #63
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      OK no problem i am going to try this on my demo account and i am able to understand this but i think all i need is to use this pattern after understanding this completely because with out understanding this reversal pattern deeply there is no use of it.


    5. #64
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      Quote Originally Posted by seunsly View Post
      1. trend line broken
      2. lower high in an uptrend, or a higher low in a downtrend.
      3. break below the previous low in an uptrend, or above the previous high in a downtrend
      At point 3 the reversal is confirmed and everybody's brother is getting short.
      A stop run often follows to re-test the penetration at point 3.
      Quicker traders may get short at the X, or even closer to the 2 based on other indicators (divergence, Fibonacci retracement, Bollinger band touch, etc.)
      hellow sir
      I don't know if its me or you have not attached any screenshot for this stratergy but atleast you have explained well but I have some question what target do you have or where to target and also where do you put stoploss


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    7. #65
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      I so much love to trade the break out of the trend line because of the nature of the forex market, it helps to allow me to make money easily because the market has given the trader the direction it wants to go all that it requires is for the trader to know how to follow the market signal.


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