Sentences with phrase «of pinbars»

now I had gbp / jpy 4 hour up at the same time and the subsequent bars did indeed retrace over 50 % of the pinbar for the entry long (gbp / usd did not)....

At least shouldn't the direction of the nose of the pinbar acted as an indication of a reversal?

Not exact matches

Also went short but off the 50 % retrace of Thu pinbar.

Didn't take that one due to buying into potential resistance @ 9400 level (goes back to Nov 07 on weekly) but got on the nice pinbar on the NZD / JPY on the MONTHLY charts earlier in the month using a 50 % tweak entry based on a reversal at a confluence of quite a few level actually....

Your explaination of the failed pinbars shows why is very instructive.

Also went short but off the 50 % retrace of Thu pinbar.

The shooting star candlestick pattern, also known as the pinbar (or bearish pinbar) by some, is one of the most popular candlestick patterns among price action traders.

On that 7th chart I would have entered a buy order on the long - tailed pinbar at the bottom of the chart that just penetrated support.

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.

Thanks for your explanation of those past examples, Would you show me for the next pinbar so I can take the chance, because I still difficult to find that chance, expecially for the gold?

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.

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..

The pinbar shows a retest of the EMA but didn't go lower on the opening on the next day, instead moves upwards where the EMA are narrowing to go in an upward movement.

I've read through the course material a few times and I know with some screen time (in my demo account of course) and a simple strategy to start (pinbars and inside bar), I'll be ok.

Can you address whether or not you find the best pinbars at certain times of the day on the 4 hour chart?