Get an indicator for five price action patterns including
pin bar here.
Not exact matches
Here is a daily chart of CAD / JPY, we can see numerous
pin bar formations that were very well defined and worked out very nicely.
Without any rules or filters
here, we are just looking at how profitable subsequent moves can be following a
pin bar setup.
Hi Traders,
Here is a Great Forex Training Video on Trading Bullish
Pin Bar Signals on Aussie Dollar (AUDUSD).
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Army Jacket (old / Almost identical
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Bar Ice Studs (c / o) / Safety
Pin Ring / Screw Bracelet (Similar
HereHere)
So, let's say about a 120 to 140 - point target and I'm going to place my stop well below the low of today's
pin bar which is below 1.6640, I will try to get it well below 1.6640 somewhere down around
here.
In this case it's this
pin bar reversal
here, it's actually a long - tailed 4 - hour
pin bar reversal, it's something that I teach my students and it's one of my most common strategies or most common entries, usually trading it on a daily or 4 hours or 1 - hour chart.
Here we are again at 1.6300 on the GBPUSD and today a huge protruding long - tailed
pin bar reversal occurred at that level creating a very significant false break of it in the process.
The key
here is movement; when price is moving then the
pin bars or other signals are going to be much more effective than they will be in stagnate or consolidating market.
Here is an example of a counter-trend
pin bar sell signal.
Here's one of my recent videos explaining how I use one of my favorite price action signals; the
pin bar trading strategy, to trade in - line with the trend:
Here is the setup I would pick to master first: the
pin bar price action pattern.
Without any rules or filters
here, we are just looking at how profitable subsequent moves can be following a
pin bar setup.
We can see a good example
here of an obvious event - area that formed through $ 1700.00 as price rejected this level multiple times forming well - defined
pin bar strategies that subsequently set off significant directional moves.
Trading opportunities you may have missed this week If you are not a PRO member or have not set up your email alerts yet,
here is a glimpse at what you may have missed this week: CADCHF 8th May (1 Hr chart) Price Action: Bullish
Pin Bar at Support level Confidence Level: 58 % to 63 % Read More...
Here's an image of two Fakey setups, note that one has a
pin bar as the false - break and other does not, these are just two of the variations of the Fakey setup:
Here are some additional criteria that you should apply to ensure you get a
pin bar candlestick that generates an accurate trading signal:
Note, we had a clean fakey /
pin bar combo signal from a support level, (this was also a 50 % retrace level, as we discussed in our original commentary on this trade which you can read
here).
Now right - click anywhere on that screen and a menu
bar appears at bottom of the screen.Click on
Pin to Start, and a pop - up box appears with mail account name and folder name like Outlook - Inbox as shown
here.