Pinochio Bars

[Don4]

The anatomy of a pin bar and a few ways to play them.



forexfunds - Forex Pinochio Bars (Pinbars)

[walterw]

nice Don, you can add to that a high volume on the pinbar or previous bar and you got a high probabilty fade there.... cheers Walter.

[brownsfan019]

If displayed in candle format, that 'nose' is a gravestone doji and all three candles together would have been an evening star. That's probably why a lot of these 'formations' work - whether using a candle chart or line chart, the essence of what is being shown is the same.

[Don4]

I dont know if some of u missed it but at the bottom of the page there is another link that says Learn to play the pinbar(I missed it the first few times i visited this site)

[walterw]

Here is a nice one today on YM 5 min, notice how volume is confirming the pattern... cheers Walter.

[Don4]

Hey nice one walterw, did u trade that?

[walterw]

yes Don, (that was the setup ) but I time the trade on a tick chart....

[Don4]

I kinda figured u did,but still being kinda new here I havnt really got a feel for all the traders yet, although the 4 stars under your name should have rang a bell

[walterw]

Don : here is something I didnt share today with you because I wanted to post the indicator previously this evening on TL.... its that wonderfull "twiggs" divergence... since I study volume it has been the most easy to read thing.... till now.... cheers Walter.

[Don4]

Thank u walter for sharing, although the only thing i have ever traded has been forex and i believe it is almost impossible to use volumes for anything other than another pretty indicator.But i have started reading some threads here about the e-mini's Is twiggs based on the cci?