[Nial Fuller]

false break 'fakey pin bar setup'

long nzdjpy at 49.80
, stop 100 below, target 450 above

[BlowFish]

Hi Nail,

I wondered if you meant to post a cable chart? having said that long GBP was good too!

Funnily enough it looked like the pound was really going down the cr*pper up until the end of last week, As a brit Im kinda revealed that lower prices seem to have been rejected for now. Edit...having said that it is struggling at 1.5 as we speak.

[Nial Fuller]

Sorry mate, yes i posted the wrong chart,
fixed now.

Pin bar reversal patterns on all major charts, obvious trades.. cleaning up here

[BlowFish]

Originally Posted by Nial Fuller »

Sorry mate, yes i posted the wrong chart,
fixed now.

Pin bar reversal patterns on all major charts, obvious trades.. cleaning up here

Yeah pretty much across the board do you take trades into the weekend or Sundays? Good entries could be had Friday but personally I don't sleep well with weekend trades

[Nial Fuller]

bf

with these markets, i dont hold on w/e

[jrob6519]

you have a nice system..seems logical

[Nial Fuller]

Originally Posted by jrob6519 »

you have a nice system..seems logical

Thanks, yes the system is logical, but its the trader who will complicate it or ruin in. I have made a forex video about the false break...
Watch Forex Video here

I am a strong believer in the false break method, and i guess it's a case of being a contrarian too. I prefer to wait in ambush for these false breaks, they are rare, but they do pay off.

Nial