3# Pin Bar and Awesome Trading System

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Trading Setup

Time Frame: 4 hour

Currency Pairs: Any

Trading Indicator: Awesome - default

Pin Bar

Pin Bars Defined

A bearish pin bar represents a candlestick composed of a long upper wick, small body and small lower wick. (sellers control the market)

A bullish pin bar represents a candlestick composed of a long lower wick, small body and small upper wick. (buyers control the market)

Rules For A Sell Trade

1) A bearish pin bar appears on the chart.

2) 4 Hour Awesome is red

3) Set safety stop at one pip above the high of the pin bar.

4) Trade objective: 1:2 risk-to-reward ratio or better.

5) Move stop loss to break even at risk-to-reward ratio 1:1

Rules For A Buy Trade

1) A bullish pin bar appears on the chart.

2) 4 Hour Awesome is green

3) Set safety stop at one pip below the low of the pin bar.

4) Trade objective: 1:2 risk-to-reward ratio or better.

5) Move stop loss to break even at risk-to-reward ratio 1:1

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