Sentences with phrase «like pinbars»

Like the pinbars, 50 % of the total range of the third candle is a good target, or even 50 % of the real body of that candle works well.

Not exact matches

Now based on your trick, I will backtest and then try this: limit entry at 50 % retracement (or other logical level), and a wider stop (around like I would have if traded on pinbar close).

This particular 50 % entry (which is 50 % of the entire range [high to low] of the candlestick) is only used on pinbars — like the hammer, in this case, or shooting star signals.