Disliked{quote} Hi Patterncode, If you know 50% retracement method is just to increase r/r ratio. Which method to use, 50% or pinbar break, it depends on many factors. First, it depends on the currency pair you trade, ex: some pairs go without retracing 50%, some do retrace. Second, where it forms, at S/R level, or, in the strong up/downtrend and so on... Conservative way of trading PB is entry at the break of the PB. If you want to trade 50% retrace method, you should know where to place SL... I hope it gives you some answers to your question... profitable...Ignored
I will test those factors
QuoteDislikedTotally agree with the weekly trend, but be carefull with FTA (first trouble area) on the daily...