Sentences with word «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....

In a flash back of my mind I clearly remember the number of pinbars formed just in front of me but I missed them by staring at them «cos I could not read them.

Trading bearish Significant Pin Bar at major resitance or trading bullish pinbar at major Support.

In a flash back of my mind I clearly remember the number of pinbars formed just in front of me but I missed them by staring at them «cos I could not read them.

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

i am implementing what you said about pinbars and their set ups and it is working.

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....

If you would observed the daily chart, you'll be amazed how these price action patterns like pinbars, inside bars, fakey, just keeps on repeating themselves.

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.

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..

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

My problem is trading using pinbars.

I plan to do a fourth when i get a daily pinbar break above the 90.00!!

It certainly can help to avoid getting stopped out comparing just putting the stoploss at pinbar low.

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).

Thanks Nail for ǎ̜̍ wonderfull lesson, Reading your articles about price action has given my trading an edge, I understand the pin bar setup so I НªvΣ τ̅ ☺ master it properly, then I need more light on the fakey setup must it consist of ǎ̜̍ inside bar then ǎ̜̍ pinbar?

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.

In this article, I'm going to show you how to correctly identify and trade the shooting star candlestick pattern, with both my own proprietary techniques and the standard pinbar techniques.

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?

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.

i am implementing what you said about pinbars and their set ups and it is working.

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

Second, good engulfing patterns occur much more often than good pinbars.

I just started trading the pinbar after reading about it on this site.

Interesting combo signal setup between insidebar, pinbar, and false break that increase probability and confidence level.

Do I draw key support and resistance levels from the 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)....

When I use limit orders to get in at the pinbar 50 % retracement, often the market takes me on the way to my stop.

Because of your pinbar strategy I understand the candlestick a lot better.

Lots of inside bars on daily today so time to add them to the pinbars and fakey setups already in my repertoire.

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.

I hope you enjoyed this article on trading the shooting star candlestick pattern (or pinbar).

Interesting combo signal setup between insidebar, pinbar, and false break that increase probability and confidence level.

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.

As opposed to the stronger signals, e.g., engulfing patterns, morning / evening stars, pinbars, etc., which I sometimes make exceptions for.

This pattern is considered to be a moderately strong reversal signal — not in the same strength category as, for instance, a pinbar (shooting star or hammer) or an engulfing pattern.

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.

I just started trading the pinbar after reading about it on this site.

Talking of the closing candle, Gold (you may not be trading it) formed a pinbar off 1200.00 major Psychological Level on a daily closing basis, and near the 50 % Fibo retracement level; can I take this as the return of the Bulls?

There was a pinbar on the Daily, as well.

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

I also saw the whole setup but as I'm also a price action trader I relied more on the bullish engulfing than the pinbar signal.

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.

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.

Do I draw key support and resistance levels from the pinbars?

The reason I ask is such signals (pinbars) do not always form, yet your trend line might suggest to you the area where your price should turn.

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.

Are you referring to pinbars and such?