turboonostrilvision
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I doubt there is many successful traders in the forums but there is some forums that you might see them around.
sorry to make a criticism, to me it does not seem a perfect pin bar...this one is in the range, it does not indicate a turn...
Oscar Reed
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perfect pin bar.
Oscar, what are you smoking?
http://www.trade2win.com/boards/general-trading-chat/138640-perfect-pin-bars.html
ffsear
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Cheers fugazy, but i never really bought into the idea of the perfect pin. It just has to catch my eye really and be in the right place (trendline, Swing point.) As long as its got a decent tail and the body aint too large in comparison then i'm happy.. Have a look at the 30 min and 15 min charts, They show the same formation.
Not sure im going to get filled here anyway.
Not sure im going to get filled here anyway.
I also thought a bearish pin bar had to be in an uptrend. But quick research shows if you just call it an inverted hammer its a good bearish continuation signal too.Probably the performance would be better as a reversal signal than a continuation, but the short's still on.
I see what you mean.
But let me explain what I see whatever right or wrong...just for the sake of the conversation....
To me that hourly bar is a range bar, nimble traders on a smaller time frame will sell the high and buy the low.
If I sell below it I will enter where others (range bears) are taking profits....
A perfect pin bar turns trapping traders and the most effective ones are taken in the direction of least resistance....if they print at majors resistance/ support levels as the thread starter mentioned the better.
Pin bars can be use in many different ways:
in a strong bear trend on the 1m tf wait for a clear bull pin bar, place a sell stop order one 1 pip below the stick with a SL 1 pip above the shaved body.... here you have counter traders getting trapped adding fuel by covering to the already strong trend.
But with this strategy one has to be very nimble...here the move is fast.
Oscar Reed
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Sorry mate only joking.
I always find more joy with the second or third pin.
Mind you my best trading is always made up as I go along.
Last edited:
Sorry mate only joking.
I always find more joy with the second or third pin.
Mind you my best trading is always made up as I go along.
Market slow today Oscar, I added going short the Swiss, risked about 10 pips moved my SL to BE and she took me out.....now in no land.....
I will check a bit later if she is showing a bit more......
Market slow today Oscar, I added going short the Swiss, risked about 10 pips moved my SL to BE and she took me out.....now in no land.....
I will check a bit later if she is showing a bit more......
she shook me out...bitch
happens many times to me....but it is the only way I know to risk little and gain big when it works...
barjon
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Gotta payattention to the ole pin bars y'know - probably these don't tie in with how everyone sees them.
I trade potential trend continuation after retracement and if it's a hammer (pinbar) that seems to be ending a retracement I go double position because they have always worked out very well for me.
I trade potential trend continuation after retracement and if it's a hammer (pinbar) that seems to be ending a retracement I go double position because they have always worked out very well for me.
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proptrader101
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i have never been a fan of pin bars or chart patterns. Never found consistency with them.
