asus) - ae “Better” Pin Bar Trading Strategy Pin Bar Trading can be much more profitable by ignoring the “experts” - We show you how... Pin Bar Characteristics Bullish Pin Bar Bearish Pin Bar Small “nose” “tail” —_—_—> Long “tail” (also called (or none at all) the “wick” or “shadow") Small “body” ko” ~— above the “body” Preferably Green Small “body” (Close above Open) Preferably Red (Close below Open) Long “tail” (also called the “wick” or “shadow") Small “nose” below the “body” <— (or none at all) “Experts” Pin Bar Strategy Entry Bullish Pin Bar (2 options) Reverse rules for Bearish Pin Bar : Conservative Ent Aggressive Entry << On a break above the High On Close of the Pin Bar 4 of the Pin Bar Stop (Low for a Bearish Pin Bar) Almost all “experts” This approach is the most advice a Stop below the common as it seeks Low of the Pin Bar confirmation by ensuring the (Above the High for a > previous High/Low is broken Bearish Pin Bar) before entering a trade Target Almost all “experts” advice a Target of equal Risk/Reward Calculated as Entry + (Entry - Stop) for a Bullish Pin Bar trade or Entry - (Stop - Entry) for a Bearish Pin Bar trade “Better” Pin Bar Trading Strategy Entry - Bullish Pin Bar Reverse rules for Bearish Pin Bar —_— We agree with the Target Conservative Entry We agree with a Target of On a break above the High equal Risk/Reward of the Pin Bar Entry + (Entry -"Experts” (Low for a Bearish Pin Bar) Stop (Low of the Pin Bar)) for a Bullish Pin Bar trade or Entry - (“Experts” Stop (High of the Pin Bar) - Entry) for a Bearish Pin Bar trade Stop Analysis Now we know our Entry and Target let's work out a better Stop... We are trading a break above the High (Low for a Bearish Pin Bar) And our Reward is Target - Entry or Entry - Target for a Bearish Pin Bar Lets use an example... —<$<$<— Entry Terget : On a break above the High Entry + (Entry -“Experts” of the Pin Bar Stop (Low of the Entry = 1.5250 Pin Bar (1,5010)) Reward = 240 PIbs Target = 1.5490 Stop Now, depending on how aggressive you are you can choose your own Risk/Reward profile to calculate your Stop You can apply 1/4 say or even 1/8, it's up to you ~ We will use 1/6 Our Reward is 240 PIPs so our Risk will be 240/6 = 40 PIPs Now we place an order to trade the breakout Buy at 1.5250 with a Stop of 1.5210 and a Target of 1.5490 If the breakout is successful 1:' time we make 1/6 Risk/Reward If it is unsuccessful (we get stopped out) we place our order again We can be wrong up to 5 times and still make MORE money than the “Experts” (if the Target is hit) So. If the 1* breakout trade is successful we make 6 times MORE money than the “Experts” If the 2nd breakout trade is successful we make 5 times MORE money than the “Experts” Ete If the 6th breakout trade is unsuccessful we can conclude that this Pin Bar set up is invalid and we will look for our next opportunity We called this the “Better” Pin Bar Strategy We hope you agree!