The above trade would have been entered on a break of the high of the pin bar with a stop loss just below it's low. Target is set at 1.0700 resistance at the top of the range.
LOL. The whole thing was a bait to the master's site If you don't like spammers, hit the complain button on his last post.
Nothing was a bait. I forgot we can't post links on here. I just wanted to share where I have been learning price action from. Anyways, here is another interesting price action setup: DAILY AUD/USD Entry: Market at close; .9118 Stop Loss: High of pin; .9175 Target: Support; .9005 Risk = 57 Reward = 113 (approx. 1:2)
I can see why you wouldn't have taken this one. If the strategy is based on continuation of the prevailing trend, the pin bar two bars back never gave you an entry signal. No breakdown through the low of that bar. The previous one, though, dated near the 1st of December and located just after the green bar, looks to me like a valid signal based on what he's describing.