Sentences with phrase «daily pinbar»

Not exact matches

Dear Justin, Kudos for your very informative article, A question about the settlement period, Lets say a bullish pinbar has been formed on the daily chart at a Key Level and the last four (4 - hour) session or Candle indicates some signs of bearishness..

Am just sharing my point without contradicting you as the lower TF helps in showing when to stay away or wait for more and when to enter a trade following a pinbar or BE pattern on the daily TF.

Even if the daily TF has formed a bearish pinbar, the 2 hour TF is in a down trend but the bullish engulfing candle shows a reversion to the mean.

I combine pinbar setups with fundamental reports released around the London open and I use 4 - hour and daily charts for trend identity analysis and a 1 - hour charts for my entrances.