What is a PIN? | Forex Factory

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What is a PIN?

  • #1
  • First Post: Dec 10, 2007 8:23am Dec 10, 2007 8:23am
On reading several Price Action threads I have come to the term "pin". What exactly is a pin? (Only pin I know is from chess )

Wanted to ask on James16 thread but was afraid of ruining what is a good thread with such a basic question
  • #2
  • Dec 10, 2007 9:41am Dec 10, 2007 9:41am
The explanation I read was pin is short for Pinocchio. Refers to the long "nose".
  • #3
  • Dec 10, 2007 9:58am Dec 10, 2007 9:58am
Pin bars are price reversal patterns
Read the 2 documents for more information
Attached File(s)
File Type: pdf Pin%20bars-introduction.pdf   175 KB | 456 downloads
File Type: pdf Pin%20bars-advanced.pdf   113 KB | 396 downloads
  • #4
  • Dec 10, 2007 8:37pm Dec 10, 2007 8:37pm
thanks kihl
Taking Life One Pip At A Time I officially have my own opinion.
  • #5
  • Last Post: Dec 10, 2007 10:01pm Dec 10, 2007 10:01pm
Quoting branco
On reading several Price Action threads I have come to the term "pin". What exactly is a pin? (Only pin I know is from chess )

Wanted to ask on James16 thread but was afraid of ruining what is a good thread with such a basic question
Check out this thread. Its all About PB's
http://www.forexfactory.com/showthread.php?t=38266

Ask plenty of questions no matter how simple they may seem. because you need to build up your picture of how to trade PB's

Only trade PB's on the Daily and weekly. when you are success full then you can go to the lower TF's.

Develop a Trading Plan for PB's, back test it and forward test it until you are profitable three months in a row. then you will be ready to go live.

Enjoy
Ademac
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