sorry here's the chart
another one...
that the problem with this Gbp/Yen was that the range stage of MOTHER candle wasn't removed...
Cad/Yen... mommy candle low removed along with a PIN sets up...
Ps I am not a member of Nialls or such... this creation is called a HIKAKE in Candlesticks.... And such isn't unique to Niall
like I told you in my personal opinion, the fakey setup is a mommy candle followed by an inside bar THEN a trap pub that either breaks the top of the inner pub but neglects to close above it and that activates a bearish trade, OR violates the reduced of the inner pub but neglects to close below it - and triggers a bullish tradeOriginally Posted by ;
P.S I am not a part of Nial's band . However, I've discovered his egy from his free movies that he posted on his site
in summary, I think you are mixing between Nial's concept of Pin Bar Reversal and The Fakey SetupOriginally Posted by ;
Now I am selling EURJPY @ 111.01 and also have set my target @ 110.5. My stop loss is set @ 112
Hi ashraf999,
I just found your diary here. Hope to learn more from you here. Thanks.