Re: Pin Bar System Quote:
Originally Posted by jbu001 Hi guys,
Just found this thread and still ploughing through it (I am a refugee from Net Trap and RH's other efforts, looking for a more intuitive price action centred system). Lots of reading to go but seems to be a first class method, but from the recent activity the thread seems to have died somewhat. Anyone still following this system? Any help would appreciated.  |
Pin bars work as well, or as badly, as any other signal. There is no reason not to use them but everything, and this goes for other signals, too, depends on the traders ability to decide when the trade is not performing as he wished and his discipline to cut it, then.
The whole thing is to to enter at a certain point. Some may use pins, others Bollingers, averages, highs or lows. It all depends on the trader's preference. I would say, though, that the chances of making money by using one of the mentioned methods are just as good as one based on more complicated methods. |