Sentences with phrase «pinbar low»
It certainly can help to avoid getting stopped out comparing just putting the stoploss at pinbar low.
http://www.learntotradethemarket.com/ Not exact matches
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.
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.