DislikedThat pin bar is actually not an ideal pin bar because it was the result of the very same candle's retracement and it was not the end of the main trend. It has been formed like that just because the retracement ended at the end of the same day.
I think when we want to observe patterns like pin bar, doji, morning star .... we should refer inside lower TF's to see what has happened and how that pattern has been formed.Ignored
- #61,924
- Feb 15, 2008 4:19am Feb 15, 2008 4:19am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #61,926
- Feb 15, 2008 4:21am Feb 15, 2008 4:21am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #61,928
- Feb 15, 2008 4:31am Feb 15, 2008 4:31am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #61,929
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #61,931
- Feb 15, 2008 4:33am Feb 15, 2008 4:33am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #61,932
- Feb 15, 2008 4:35am Feb 15, 2008 4:35am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #61,933
- Feb 15, 2008 4:37am Feb 15, 2008 4:37am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #61,935
- Feb 15, 2008 4:47am Feb 15, 2008 4:47am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #61,936
- Feb 15, 2008 4:48am Feb 15, 2008 4:48am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #61,937
- Feb 15, 2008 4:50am Feb 15, 2008 4:50am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #61,938
- Feb 15, 2008 4:54am Feb 15, 2008 4:54am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #61,939
- Feb 15, 2008 4:54am Feb 15, 2008 4:54am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #61,940
- Feb 15, 2008 4:56am Feb 15, 2008 4:56am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.