Whats the difference between the hang man and bullish pin bar!? | Forex Factory

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Whats the difference between the hang man and bullish pin bar!?

  • #1
  • First Post: Jun 12, 2010 5:56am Jun 12, 2010 5:56am
Hangman: A candle with lower long wick and small body , appears on uptrend , reversal pattern.
http://www.investinganswers.com/term...andlestick-988

Bullish Pin Bar: A candle with lower long wick and small body , exact shape of hangman.

http://www.trumarkets.com.au/kb-images/Hangman_BOQ.jpg

I am really confused.
  • #2
  • Jun 12, 2010 7:30am Jun 12, 2010 7:30am
Quoting Brb-Fraudin
Hangman: A candle with lower long wick and small body , appears on uptrend , reversal pattern.
http://www.investinganswers.com/term...andlestick-988

Bullish Pin Bar: A candle with lower long wick and small body , exact shape of hangman.

http://www.trumarkets.com.au/kb-images/Hangman_BOQ.jpg

I am really confused.
Difference is mainly in relation to where it appears. Pins bars can be used to define reversal points if found at the swing points however the Hangman Pin is a continuation signal which is found at the top. If found at the bottom the same candle is noted as a Hammer.

Razor
  • #3
  • Jun 12, 2010 7:54am Jun 12, 2010 7:54am
Quoting Razor_trader
however the Hangman Pin is a continuation signal which is found at the top.
What you are saying is the opposite to what I read. A hangman at the top is a reversal signal! Thats what really pisses me off!

http://money.blogdig.net/archives/ar...g_Pattern.html
http://candlestickprofits.com/posts/...dlesticks.html

Why do I use a candlestick with a long low wick as a reversal signal!! Shouldn't I use a candlestick with long UPPER wick!!
  • #4
  • Edited 8:47am Jun 12, 2010 8:26am | Edited 8:47am
candlestick shape, another useless indicator
With a good book and quality paper you can fine wipe your ass.
  • #5
  • Jun 12, 2010 8:41am Jun 12, 2010 8:41am
The shooting star is the more bearish pattern especially after a long uptrend and maybe previous resistance level is retested.

The hanging man is only important as a reversal, after a long uptrend and shows traders lacking direction, the next candle after the hammer will help decide the bearishness of the hanging man. (The smaller the body and the longer the lower wick the better.)

The hanging man is therefore not a single candlestick pattern, it needs confirmation.
It never gets easier, you just get better
  • #6
  • Jun 12, 2010 10:02am Jun 12, 2010 10:02am
Quoting Brb-Fraudin
Hangman: A candle with lower long wick and small body , appears on uptrend , reversal pattern.
http://www.investinganswers.com/term...andlestick-988

Bullish Pin Bar: A candle with lower long wick and small body , exact shape of hangman.

http://www.trumarkets.com.au/kb-images/Hangman_BOQ.jpg

I am really confused.
Go to J16 and do a search of "IPB".
.
  • #7
  • Jun 12, 2010 11:03am Jun 12, 2010 11:03am
Quoting nasir.khan
Go to J16 and do a search of "IPB".
.
Wow , inverted pin bar ?? Same as inverted hammer? Whats funny is that a hammer and the end of downtrend OR inverted hammer are both bullish!

That means that ANY form a candle with long tail and small body can be a sign of reversal or continuation , depending on the next candle. Maybe they are useless as Suffo said. ??

http://www.fxwords.com/b/bullish-inv...ndlestick.html


http://www.forexfactory.com/showthre...es16&page=3668
  • #8
  • Jun 12, 2010 11:19am Jun 12, 2010 11:19am
Whats the difference between the hang man and bullish pin bar!?

Look at the definition of each, especially where each candle appears in a trend.

The hangman appears at the top of an uptrend, and has to be confirmed by the next bar being bearish.

The Bullish Pin Bar (Hammer) appears at the bottom of a downtrend and also needs confirmation by the next bar being Bullish.

The main difference is where in the trend they appear and they are not single candlestick patterns, they show a battle between the Bulls & the Bears and serve as a warning regarding the trend that is in force.
It never gets easier, you just get better
  • #9
  • Jun 12, 2010 11:37am Jun 12, 2010 11:37am
Quoting Brb-Fraudin
Wow , inverted pin bar ?? Same as inverted hammer? Whats funny is that a hammer and the end of downtrend OR inverted hammer are both bullish!

That means that ANY form a candle with long tail and small body can be a sign of reversal or continuation , depending on the next candle. Maybe they are useless as Suffo said. ??

http://www.fxwords.com/b/bullish-inv...ndlestick.html

http://www.forexfactory.com/showthre...es16&page=3668
You could have done better with that "search" of yours. (or maybe i should've provided you the link in the first place.)

anyways here you go,

http://www.forexfactory.com/showpost...ostcount=50832


Did you say useless????
The J16 thread is standing here for "5 year" my friend.
.
  • #10
  • Jun 12, 2010 11:58am Jun 12, 2010 11:58am
I learned alot from J16 thread. If you lookat candle sticks websites , all agree that inverted pin bars (hangman at top/inverted hammer at bottom) are a weak reversal pattern.

http://www.candlesticker.com/Cs30.asp

And thank you Shabs , you are correct.
  • #11
  • Jun 13, 2010 7:10am Jun 13, 2010 7:10am
Quoting Suffo
candlestick shape, another useless indicator
Nice impression, I gather by the need to post crap of this nature that your a professional and know everything. Really was it needed
  • #12
  • Jun 13, 2010 7:13am Jun 13, 2010 7:13am
Quoting Shabs19
Whats the difference between the hang man and bullish pin bar!?

Look at the definition of each, especially where each candle appears in a trend.

The hangman appears at the top of an uptrend, and has to be confirmed by the next bar being bearish.

The Bullish Pin Bar (Hammer) appears at the bottom of a downtrend and also needs confirmation by the next bar being Bullish.

The main difference is where in the trend they appear and they are not single candlestick patterns, they show a battle between the...
Well put and it was more or less what I was trying to say. The best sign to confirm the strength of a pin bar is usually a strong break in the direction it is heading. SO for a bearish pin (shooting star, inverted hammer) you would be looking at the top of a swing with momentum heading south. The rejection of a level is strong and the next bar if it carries the momentum would be a great confirmation.

Trading them, well there are as many ways to trade PA candles as there are to skin a cat.
  • #13
  • Edited 10:39am Jun 13, 2010 9:41am | Edited 10:39am
With all candlestick patterns you must look at the overall picture, especially where they occur and probably more important than the pattern itself.

A shooting star (at the top) & Hammer (at the bottom) on one timeframe will look like a piercing pattern or engulfing pattern on a lower timeframe.

What is important here is the very small body in relation to the wick, this shows the total lack of control of prices by either the Bulls or Bears and it is the winner of this battle, the next candle that often decides the strength of the reversal. Looking at Support & Resistance Areas with candlestick patterns, will often forewarn you of possible reversals.

I like to look at each candle as "Who is winning here ?" , when the market is uncertain, the candlesticks will refect that.
It never gets easier, you just get better
  • #14
  • Jun 13, 2010 3:19pm Jun 13, 2010 3:19pm
Candlesticks PATTERNS (not the individual candlestick itself but the pattern) are different in forex than Stocks except the market open after the weekend close. This is because in the 24/6 market sessions there is no gap in price unless you are with a shatty broker.
Know when to hold em, Know when to fold em!
  • #15
  • Last Post: Jun 13, 2010 3:24pm Jun 13, 2010 3:24pm
Quoting Suffo
candlestick shape, another useless indicator
Yes and no. A single candlestick is useless without a secondary or third candle to show you what is really happening in price. Doji's tell a story. You can not go on this alone you need to see what the trend is doing in cooriliation, you need to see how weak s/r areas are. Its all price action you need to determine.

Pinbar setups can be just as useful if read properly.
Know when to hold em, Know when to fold em!
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