Quote:
Originally Posted by Adilius07
Hello Benji, Bemac.
Seriously we can also play this kind of setups (multi bar accumulation)???
Now looks veryyy promising!
How to rate this trade: more realiable (since much more bars accumulate it) or more risky instead?
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5min, 1h, 4h, daily, weekly..are they more reliable than 50min, 3h, and 2W just because MT4 supports them? IMO not. The real chart is the line chart where price is just flowing. Bars are just time periods you are chopping the flowing price into. That's why location is important more than anything else.
IMO every possible TFs are equally reliable.
So my answer is yes, you can play combined bars and even combine them anyway you want in order to generate more trade opportunities. That's what I am doing and it works great.
Regarding this specific pin bar. Not a one I would personally take, but if it fits your style then way not. I would say look for big bars at extremes and keep going from there though. That spechific pin is stuck in a lot of traffic.
Ben