0 to 9 Pin Candles? | Forex Factory

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0 to 9 Pin Candles?

  • #1
  • First Post: Feb 2, 2012 4:00pm Feb 2, 2012 4:00pm
Hi,

Can anyone explain this to me I see this regularly in the market it looks like 0-9 pin candles most of the time signal and end of the impluse leg move I think please confirm.

Thanks.
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  • #2
  • Feb 3, 2012 11:20am Feb 3, 2012 11:20am
Anyone know about this?
Find your Favourite Pattern
  • #3
  • Feb 3, 2012 12:26pm Feb 3, 2012 12:26pm
Quoting Pipanator
Hi,

Can anyone explain this to me I see this regularly in the market it looks like 0-9 pin candles most of the time signal and end of the impluse leg move I think please confirm.

Thanks.
Your numbering is very arbitrary.
  • #4
  • Feb 3, 2012 12:37pm Feb 3, 2012 12:37pm
if you like counting candles look up Thomas DeMark's sequential system or indicators .... but did not work out for me
  • #5
  • Feb 3, 2012 12:42pm Feb 3, 2012 12:42pm
Quoting Custos
Your numbering is very arbitrary.
I agree, what he's defining as pin candles seems very subjective and inconsistent.
  • #6
  • Feb 3, 2012 12:45pm Feb 3, 2012 12:45pm
Quoting Pipanator
Anyone know about this?
0 to 9 Pin Candles?
Answer: Sometime Yes & Sometime No.

It depends on Bull Run or Bear Run on particular time frame. 9 Candles can be observed in All time frames starting from 1 minute chart to 1 year chart.

2 Charts are attached here to explain it.

My personal observation: Whenever 9 Candles are formed in a trend, it is better to come off the trade and re-think that whether this trend will continue again shortly or it will reverse from here? Supply & Demand Levels can help to analyze better at the end of 9 candles.

Trade Safe, Trade Well.
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  • #7
  • Feb 3, 2012 1:05pm Feb 3, 2012 1:05pm
Quoting Pipanator
Hi,

Can anyone explain this to me I see this regularly in the market it looks like 0-9 pin candles most of the time signal and end of the impluse leg move I think please confirm.

Thanks.


Try looking in one direction from a turn, and don't limit yourself to just the #9 albeit its a good one. your close
  • #8
  • Feb 3, 2012 1:26pm Feb 3, 2012 1:26pm
Quoting Pipanator
Anyone know about this?
If you are interested to read e-book(pdf) specially written for "9 candles" by "Jason Perl - DeMark Indicators 2008.pdf" then use this link to download the e-book(pdf):

Direct: http://tinyurl.com/6sh6nn5

Source: http://www.forex-warez.com/download/...%20Indicators/
  • #9
  • Feb 3, 2012 3:26pm Feb 3, 2012 3:26pm
I think you should chalk it up to market hours and cycles ....
  • #10
  • Feb 29, 2012 4:55pm Feb 29, 2012 4:55pm
I found this helpful.

Inserted Video
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  • #11
  • Feb 29, 2012 10:22pm Feb 29, 2012 10:22pm
lol that video can't be helpful. He's seeing objects in the clouds. Look at him point at the screen and explain using hindsight. If this 9 thing was tradeable, an basic EA would have exploited it long ago, making the strategy unprofitable.
  • #12
  • Last Post: Mar 25, 2012 12:41am Mar 25, 2012 12:41am
Quoting auxesis
Try looking in one direction from a turn, and don't limit yourself to just the #9 albeit its a good one. your close
Care to elaborate?
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