Dislikeddoes anyone think this qualifies as a good pin bar? It's based on a H1 chart. {image}Ignored
Steve Nison wouldn't
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Disliked{quote} If you really want to use "pin bars" you would do well to observe and engage ONLY on those pin bars that occur on RISING tick volume. This will indicate the order flow has truly changed and will most likely result in a reversal. It is best if this is seen after a volume climax and exhaustion phase as well, but at least this simple rule would've saved you from this loss...or put you into the long at (or near) the bottom. Low volume (or falling volume) pin bars (in reality the one at the top is a "shooting star" and the one at the bottom is...Ignored
Disliked{quote} Hi DonPato What's your feedback on the bullish pinbar with increase volume in this screenshot highlighted in blue rectangle? Thank you {image}Ignored
Disliked{quote} Pretty much the same situation as the last one I commented on. Same time area. Intraday you must be aware of the time especially if you are between major banking sessions. A big clue for me was the climax selling that occurred just prior to the pinbar. As well that tail didn't quite test the previous selling absorption area. Then when price returned...it just kept "grinding" down until the last hour of the session. The climax selling again and then profit taking producing that final hammer. Again not something I would trade.Ignored
DislikedThanks for the feedback. I appreciate it. Some more questions please...Ignored
Disliked...2. Also does the direction of the long tail matter on respective trend important to you? For instance in a bearish example Which do you think is far more superior? PinBar with long top wick and short bottom wick. Or a pinbar with short top wick and long bottom wick? Thanks againIgnored
Disliked{quote} Absolutely NOT, countertrend, lethal, designed to draw you in and take your money. Steve Nison wouldn'tIgnored
DislikedAnybody interested in the weekly pin bar on Eur/Cad? No really my style of trading but thought I’d post to get people’s opinions....Ignored