Friday, February 6, 2015

Pinbar Checklist

This is something that I've been working on for the last few days. I'm inclining to return to swing trading with price action, but this time incorporating fundamentals + sentiment into my trades. I produced the following checklist for the pinbar candlestick pattern. After ticking each question, you add up the 'points' to see if it's a high-quality setup or not. It's a work-in-progress, but I used it to enter a EURNZD short recently.

A screenshot of the checklist is below (click to enlarge). Any thoughts are welcome!

The EURNZD short (click to enlarge):

From my current checklist, this pinbar scored a 9 out of 15 (so it's tradable).

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