What do people think about the 1hr bullish pin bar hitting a support area?

EURUSD

Hi, I had a question about this trade. When zooming out on the charts at the time the trade was made it looks like price was still in a downtrend since around June 17th and was still making lower highs and lower lows. In this context isn't it risky ...

HCR-LCS + SFP Research thread

Thanks, Oanda is an FCA registered brokerage it says on their website which is good.

Oanda does not insure funds in the event of insolvency

Oh yeah, I guess its the number of days (or whatever time frame your on) that it takes an average from. So I guess it should be set to 1 then?

Pivot point confusion

Just wondering were you expecting the PPZ to act as support for the pinbar? My take on this would be that it looks like the pinbar has worked in the sense that there has been an upward movement in price since the pinbar. However, it also looks like ...

james16 Chart Thread

One hour pinbar on silver at strong level to go long...what do people think?

james16 Chart Thread

You mean going short based on the head shoulders pattern?

james16 Chart Thread

Sounds good thanks!

james16 Chart Thread

So doesn't this mean that pin bars on the stock market charts are more reliable than ones showing up on forex charts, in the sense that everyone on a stock market chart will be seeing the same pinbar and so will trade accordingly?

james16 Chart Thread

Well that 1hr UsdChf pin was blown out of the water... I thought alot of people on this thread traded h1 setups? I know its important to still look at important daily/weekly levels though.

james16 Chart Thread

What do people think about the 1hr pinbar on UsdChf? It seems to be hitting a level of resistance.

james16 Chart Thread

Also, I guess its important for the nose to be touching a significant level rather than for example the body touching the level and the nose protruding a long way through it. If that was the case then the pin bar could be indicating a break through ...

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No 4hr pinbar on net dania charts.

james16 Chart Thread

I can see that it was an important level and that price broke though, so it was likely that the level would turn to support and price would bounce off from the other side, but is it not too risky to trade without for example a pin bar touching the ...

Fail Better

Doesnt the fact that at the bottom of that swing low(just before the pin) there seems to be quite a strong support level mean that there is strong possibility that price will go up?

james16 Chart Thread

What do people think about the Daily pin from couple of days ago on AudUsd? After falling yesterday price has retraced quite a bit. On the one hour chart it looks like it might be forming the right shoulder of a head and shoulders pattern.

james16 Chart Thread

Hi what did you think of the daily pin bar on Aud Usd from yesterday? Not the best pin bar on my charts, but looks like its hitting an important level on the weekly charts. I was thinking of waiting for a retrace and then maybe enter.

james16 Chart Thread