Pin Bars

galvinjoe

Newbie
6 1
Hi,
New here so please excuse any repetition of previous posts or naivety.
I trade Forex and I've been looking at a lot of price action trading and regarding pin bar formations,
If a pin bar (or what looks to be a pin bar) forms within a 15 minute time frame but is not entirely clear within a 60 min/30 min/10 minute time frame does this mean it should be ignored? Should a real and strong pin bar show across multiple timeframes for it to be acted upon?
Thanks
 
Last edited:

NVP

Legendary member
37,707 2,066
Hey G

welcome..........

man o man did you pick the right candle shape to discuss

lookup "james 16" who built a business around pinbars and his followers.......

see you in a couple of months after you read all of his work
N
 

tradingteacher

Junior member
34 0
A simple answer would be just stick to one time frame and avoid the confusion :)

I use the 1hour tf , I check the charts at 5 to the hour, if there is a trade I take it, if not I walk away and get about my other business/life/drinking/excercising/dog walking etc lol.

It a fairly stress free way of trading.

Eye balling charts is a fairly stressful way, IMO
 

justtrader

Well-known member
470 71
Sticking to a one time frame is asking for disaster!!!
specially for the lower time frames like 1 hour.
A lower time frame (like 1 hr) should be used to time entry and not for analyzing it.

The idea of pin bars is good, combine that with support/resistance levels and price action at these levels and you have something to work on.
 

15 min tlb

Senior member
2,057 98
Hi,
New here so please excuse any repetition of previous posts or naivety.
I trade Forex and I've been looking at a lot of price action trading and regarding pin bar formations,
If a pin bar (or what looks to be a pin bar) forms within a 15 minute time frame but is not entirely clear within a 60 min/30 min/10 minute time frame does this mean it should be ignored? Should a real and strong pin bar show across multiple timeframes for it to be acted upon?
Thanks

A pin bar is a renamed rehashed candle stick formation , all these gurus who talk about pin bars are confused with snake oil in their minds .These phucked up traders are deluded and can't trade , so they rehash p/a and get knobs more confused .

Just learn how to google maybe you will get clean unbiased information , free from snake oil ,confusion and delusion.

The first thing is to clear the head of this shat!Secondly keep away from these failures who can't trade for a living.Go back to basics and accept a simple candle stick ..as a candle stick ( not some snake oil name)

Introduction to Candlesticks - ChartSchool - StockCharts.com

If you don't succeed at trading , then start using fancy names and become a guru.
 
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neil

Legendary member
5,167 748
Sticking to a one time frame is asking for disaster!!!
specially for the lower time frames like 1 hour.
A lower time frame (like 1 hr) should be used to time entry and not for analyzing it.

The idea of pin bars is good, combine that with support/resistance levels and price action at these levels and you have something to work on.

Excellent summary(y)
 

Traderallen

Active member
248 41
I agree with 15 min tlb, for every one pin bar that worked you can find 10 that did not. read price action form the whole chart not one candle.
 

FXRobinson

Junior member
20 0
Sticking to a one time frame is asking for disaster!!!
specially for the lower time frames like 1 hour.
A lower time frame (like 1 hr) should be used to time entry and not for analyzing it.

The idea of pin bars is good, combine that with support/resistance levels and price action at these levels and you have something to work on.

I agree you should watch different time frames. For example if there is a strong resistance on 4H chart then probability is high that we have at least a small correction on 5 min and 15 min charts.
It also depends on your trading style of course
 
 
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