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Thread: Trading With Pinbar

  1. #1
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    Trading With Pinbar

    Pinbar is one candle pattern which indicates the occurrence of a trend reversal, on this occasion I will take advantage of the existence of this pinbar candle.

    to make it easier to detect the presence of pinbar would I include the download link below.

    in the picture below how the open position is to open long or short position after pinbar appear according to the type pinbar down or up,
    then pull Fibonacci retracement as shown, place the SL at the level of 23.6, and TP at the level of 161.6, 261.8 and 423.6.

    may always profit.

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  2. #1751
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    Pin bars are good indicators of where the market might go, but they need to be learned first. And when properly learned you will know how to make use of pin bar and arrive at suitable confirmation for trading and based on that achieve good results. Forex is such business where risk will always be there and so things should never be taken to be simple here. In Forex you should do your best so that your profits remain on the higher side and your losses are low.

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  3. #1752
    Trader famousfx's Avatar
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    Pin bar is one of the strategies traders are using to trade the Forex market , it is a good reversal signal especially when it is sported in the higher time frames such as H4, Gaily or weekly, it is usually valid, but traders should trade it with caution , confirmation of the signal is necessary , this is done by waiting for the next candle breakout.importantly , trader should use money management and stop loss placed few pips above the pin bar

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  4. #1753
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    Quote Originally Posted by Bhave4U View Post
    Pin bars are good indicators of where the market might go,
    its not same , pin bar are candle types its not indicators, we all should use indicators which are good, moving average, bollinger bands are indicators, other like pin bar, doji are candlestick pattern so keep the difference into mind we can not get success if we do not know about its different, so make sure if you are doing good you know difference and know how it works well

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  5. #1754
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    It is true pin bars is widely known for its effectiveness but then you need to be able to actually get good results before you can say something is good. So the core point is that how the trader is able to use the pin bars to filter out the weak signals and go with those more stronger. Apart from pin bars, hammers and many other patterns can also be good when you understand how to filter out the right signals.

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  6. #1755
    Trader ola4real's Avatar
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    Quote Originally Posted by touqir View Post
    its not same , pin bar are candle types its not indicators, we all should use indicators which are good, moving average, bollinger bands are indicators, other like pin bar, doji are candlestick pattern so keep the difference into mind we can not get success if we do not know about its different, so make sure if you are doing good you know difference and know how it works well
    Pin bar is a candlesticks pattern, forex traders should know that it is not a forex indicator. But in another high reasoning mode, some forex traders are referring to everything that is pointing to the forex direction for traders as an indicator, so some traders may think that the candlesticks pattern are indicators too. But in the truth of trading, indicators are those tools that could be placed on chart types like candlesticks.

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  7. #1756
    Trader Sascha's Avatar
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    Quote Originally Posted by Bhave4U View Post
    It is true pin bars is widely known for its effectiveness but then you need to be able to actually get good results before you can say something is good. So the core point is that how the trader is able to use the pin bars to filter out the weak signals and go with those more stronger. Apart from pin bars, hammers and many other patterns can also be good when you understand how to filter out the right signals.
    trading must be done with the best knowledge and experience we have. if we know how to trade with pin bar pattern, we should've known how to trade with other candlestick patterns which also has the same accuracy to provide us good signals to trade. there are many things we can use in market to give us the opportunity so don't try to limit our skills in trading only with few things to work.

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  8. #1757
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    Quote Originally Posted by Bhave4U View Post
    Apart from pin bars, hammers and many other patterns can also be good when you understand how to filter out the right signals.
    These candle stick patterns are know for reversal trend markets and it is very well known for their effectiveness and I believe the best way to learn about them is making sure that we first take out time to really learn about them as to know how they works and taking time out to practice on the demo trading accounts as to master them over time. There are so many ways to trade with these candles and it is whenever the time is invested into learning them that we become very good at using them to make money.

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  9. #1758
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    We need to study this trading strategy with pin bar analysis. After we have studied such startegy then we have to test this strategy for a while. We have to have very good testing results. Then we can set up this strategy for the personal trading system. I suppose that this strategy can give us very good profit results. We have to use such startegy with good profit results.

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  10. #1759
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    Pin bar is not the best trading approach, many traders even think that this is the holy grail as their options for entry is based entirely on the behaviour of the pin bar, I believe that trading to candlestick patterns cannot be effective if we don't use confirmation, first is that we cannot trade a pin bar when there is no support and resistance that is telling us that we should go ahead.

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  11. #1760
    Trader sniper007's Avatar
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    I think in the whole classes of candlestick patterns, I think pin bar is the most used candlestick pattern and also profitable as well, but then again, as per my knowledge and skills, trading with the candlestick known as the pin bar needs other means of learning as well. Because the candlestick can't be used all alone, there has to be a second means of confirmations.

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