What do you guys think about pin bars?

I have been off and on with my trading since I started, trying out countless strategies hoping one would be effective at a high rate. After watching a seminar about MTFA, I have only been trading pin bar setups on the daily, 4hr, and hourly. To my surprise, I haven't lost a trade yet. I'm glad it's working but I was curious, what other candlesticks patterns do you guys trade with generally good consistency? I believe if I can make 20 pips a day (100 pips a week), I can turn my measly $75 micro account into $1000 in a couple months or so.

From what I know about pin bars they don't occur that frequently. How would you make your 20 pips a day?

I totally understand that $75 is an extremely small account size but it'll be good if I can turn it into $150. 100% increase. I'm already up 23% in today. Pin bars surprisingly show up a lot from what im seeing. Out of the 10-15 pairs I trade, there's usually 2-3 every couple hours. Buyers and sellers move the market so finding a pin bar on most pairs should result in profits. Hourly and 4hr signals are fairly strong.

ForexProdigee,
I agree with you, Pin bars are great I use them all the time what i do is look for pin bars or reversal candles around major support/resistance points.
I am impressed that you can watch 10-15 pairs I only trade 2 pairs which is enough to give me 20 points a day and headache!
Talking about reversal candles take a look at the 1 hr and 4 hr on aud/usd.

Pin bars are brilliant, and i'm not joking. Small print: It's all about how the individual uses them.

Make of that what you will.

lol i don't actually watch 10-15 pairs. since the good pins bars are formed on the 4hr and some hourly I scroll through them occasionally. Most of them generally run for at least 15 pips. Open two lots on it and you just made your 20 pip goal. Easy.

Personally I think anything time based leaves plenty of room for arbitrary thinking. A pin bar can be painted as a result of news but doesn't necessarily mean a reversal. People trading candle formations need to be aware that the period threshold is a new bar and this leaves plenty of opportunity for false positives, regardless of the levels at play.