In this article I will be explaining about one of the popular candlestick pin bar strategy that has been used by thousands of traders over many decades. Sometimes perfect setup of this this strategy fails and make you lose the trade, but like every other trading strategy this pin bar strategy is not a holy grail of forex trading. There are two types of pin bars: bullish and bearish pin bar.
We will coverthe candlestick pin bar formation after our discussion of the pin barformation using standard bar charts. Many people prefer the candlestickversion over standard bar charts because it is generally regarded as abetter visual representation of price action.Characteristics of the Pin Bar FoIn this article I will be explaining about one of the popular candlestick pin bar strategy that has been used by thousands of traders over many decades.
Nothing I ever tried worked consistently enough to generate the promised steady stream of income. Nothing worked. Literally, at the same time that I felt trading pin bars forex holy grail again by purchasing this system,Your post sounds very sincere. and I can see we are on a similar journey. I am on the verge of being a consistent winner, four months and it will be a year of decent track recod.
But much more consistency is need before I can say I have found the hoily grail.However, the reason I can say I am near is because, I am learing to read price action. I feel like I can read the market fairly well, my money management is good. now I am working on the emotional parts of trading. Soon I will have the hoily grail and it is. Once familiarized with the pin bar formation, it is apparent from looking at any price chart just how profitable this pattern can be.
We use candlestick charts because they show the price action the clearest and are the most popular charts amongst professional traders.