YM - Pins give good profits
>> May 29, 2009

The 4 pin bars shown yielded good profits.
a systematic approach to profitable forex trading

Prices reached the resistance and retreated. Nevertheless profited about 90 pips from this pin bar trigger trade.

This 4 hr price shows a pin bar and therefore a good set-up for a long trade at 0.61436

This is a YM 1600 ticks chart showing two pin bars which trigger a short and a long trade. Each of these pin bars make about $300 points.

Triple bottom. Prices rebounded from the support line in red. Profit target 0.900

The trade was given on May 11 post. See below please. Now is 419pips in profit. Happy trading!

The NZDUSD trade given on May 11 is now 178pips in profit. Not too bad eh?

The GBPJPY trade given on May 6 is now 409pips in profit. Not too shabby eh?

This trade which was given in my May 5 post is now 352 pips in profit

Prices hit the grey thick resistance line and bounce back down. Hence potential for short trade here.

Prices hit the grey resistance line. Also, a pin bar is formed which triggers a short trade at 0.6025.

Prices bounced off resistance of the grey pivot line. Also, note the triple top denoted by the 3 arrows. Looks like a good short trade here.

Prices hitting resistance from the blue pivot line and the 365MA Short at 98.70

Inner bar trade, enter at the base of the grey rectangular box. Exit at the top of grey box with 45 pips profit.
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