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LESSON: Bullish & Bearish Pingulfing Bar Entry

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Chart Examples

Below are a few chart examples of entering the Pingulfing bar, keeping in mind the best way to enter at the break of the high or low is using a pending order so that when price moves through the high or low you will be entered into your trade and you do not have to actually sit there and watch the market and pull the trigger on each exact moment price makes a move.

 

Chart Example #1:

 

 

Chart Example #2:

 

The following chart example shows why it is important to enter the trade when confirmation has been given by the high or low being taken out.

Notice how the high of the Pingulfing Bar never got broken? This is crucial and rules such as these are what you should be taking note of and marking down for your trading plan you will create at end of course.

 

Chart Example #3:

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