Sentences with phrase «pinbar at»

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

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.

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

Not exact matches

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....

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).

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)....

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..

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

In my case, it would mean having to get up at 2 in the morning to make a trading decision on this pinbar.