Sentences with phrase «pinbar on»

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....

Not exact matches

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).

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

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..

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.

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

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