Forex "Pin" Bars

Is that a pin forming on gbpjpy indicating a long 215.00 ?

im forming it on a tick chart and using lots of imagination :)
 
trader_dante said:
Tick chart?!

I give up...
Click to expand...

well i'm looking at 215.10 punch south rejecting (tail) 214.85 then trading back above 215 although on tic looking at it left to right some sort of a pin bar will be formig as a by product ? what timeframe that is I dont know ? but it should trade long from here on ...
 
Crap Buddist said:
well i'm looking at 215.10 punch south rejecting (tail) 214.85 then trading back above 215 although on tic looking at it left to right some sort of a pin bar will be formig as a by product ? what timeframe that is I dont know ? but it should trade long from here on ...
Click to expand...

Well that's a great imagination:p I don't see any pin bars . but I do see a double bottom
 

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lurkerlurker said:
Which makes it extremely important to be aware of classical TA in addition to the pin bar setups.
Click to expand...

Decided to look up pinbars to see where this idea came from and now I know why I keep hearing about the nose.
It is because Pin is short for Pinocchio!
Made my day.
 

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bullish pin and double bottom on hourly Dow .. I am going to wait and watch .. comments on the quality of this pinbar appreciated .. I like the way it is part of a double bottom
 

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Last edited:
Crap Buddist said:
Is that a pin forming on gbpjpy indicating a long 215.00 ?

im forming it on a tick chart and using lots of imagination :)
Click to expand...

It's a recognised disease - Pinbarencephalitis (Eleusine coracana)

I suffered from it once...

...every chart - all I could see was pin bars

Even the dried snot and pubes stuck to the monitor made pin bars.

There's only one cure....

......Point and Figure charts
 
tune said:
Decided to look up pinbars to see where this idea came from and now I know why I keep hearing about the nose.
It is because Pin is short for Pinocchio!
Made my day.
Click to expand...

hey! no rude pics on the thread please :cheesy:
 
shortorlong said:
bullish pin and double bottom on hourly Dow .. I am going to wait and watch .. coments on the quality of this pinbar appreciated .. I like the way it is part of a double bottom
Click to expand...

actually in my haste to post .. I see that is isn't a very good double bottom .. looks like the level has to be tested again.
 
lurkerlurker said:
No problem - it was in profit at 37 mins past then it reversed and formed a bearish pin the other way.
Click to expand...

Thanks, check my CMC chart and the ADVFN chart .. no pinbars .. - can't have them all I suppose .. but if the futures chart is the only one showing a pinbar .. well .. I guess it must have less impact (assuming people are trading on pin bars or the conditions that produce pinbars, consciously or not)
 

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  • DOW wot no pin on ADVFN chart.jpg
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I am looking at three daily pins tomorrow:

Nasdaq 100
Sugar (London) March
Carbon Emissions Dec 08

None of them are perfect but will certainly make it into my portfolio to watch intraday.
 
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