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Pin Bar Strategy...Intra and Positional |
sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #1 Posted: Wed Oct 03, 2012 8:17 pm Post subject: Pin Bar Strategy...Intra and Positional |
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I request, our all friends using pin bar method to share here,plz....
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s.tarlochann White Belt
Joined: 11 Aug 2011 Posts: 18
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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DEWGH White Belt
Joined: 20 Feb 2011 Posts: 119
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Post: #4 Posted: Fri Oct 05, 2012 1:00 pm Post subject: |
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Is there pin bar formation on 60 mins?
Experts pls guide.
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Gemini White Belt
Joined: 28 Apr 2009 Posts: 166
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Post: #5 Posted: Sat Sep 06, 2014 10:14 pm Post subject: |
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Positional :
Sharing GMR Infra EoD chart which shows Pinbar at a known support level (as well as Lower BB (20) level.)
Buy above 25.1 with SL at 23.
Will post such other example;es, when I cone across.
Happy Trading...
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Gemini White Belt
Joined: 28 Apr 2009 Posts: 166
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Post: #6 Posted: Sat Sep 06, 2014 10:20 pm Post subject: |
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Positional:
RCOM on EoD basis. Pinbar at known support level.
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prst White Belt
Joined: 24 Sep 2011 Posts: 87
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Post: #7 Posted: Wed Sep 10, 2014 10:56 am Post subject: |
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hi
i see a pin bar in gold guinea daily charts today.
plz confirm
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Gemini White Belt
Joined: 28 Apr 2009 Posts: 166
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Post: #8 Posted: Wed Sep 10, 2014 1:04 pm Post subject: |
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I have seem MCX Gold chart and it is not a PIN bar.
Have not seen Guinea chart. Pin bar could be due to some freak trade. I will not rely on such freak trade. In general, Gold seems to be in short term down trend.
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Gemini White Belt
Joined: 28 Apr 2009 Posts: 166
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Post: #9 Posted: Thu Dec 04, 2014 5:52 pm Post subject: |
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Hello Friends,
Nice Pinbar on daily chart of HDFC. This pinbar is at a known support level.
Initial upside seems limited to nearby resistance.
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sambhaji_t White Belt
Joined: 31 Mar 2008 Posts: 135
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Post: #10 Posted: Thu Dec 04, 2014 8:49 pm Post subject: |
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Friends,
Is there screener where we can get pin bars.
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kamal.icharts Site Admin
Joined: 10 Apr 2013 Posts: 576
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Post: #11 Posted: Fri Dec 05, 2014 9:24 am Post subject: |
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Dear Sambhajit,
In Platinum, there may be possibility to create a scanner for it, wherein you need to define the percentage of body, the wick and the nose for the candle
We will see if we can create based on some percentage and let you know at the earliest.
Regards
Kamal
sambhaji_t wrote: | Friends,
Is there screener where we can get pin bars. |
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sambhaji_t White Belt
Joined: 31 Mar 2008 Posts: 135
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Post: #12 Posted: Fri Dec 05, 2014 11:08 am Post subject: |
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[quote="kamal.icharts"]Dear Sambhajit,
In Platinum, there may be possibility to create a scanner for it, wherein you need to define the percentage of body, the wick and the nose for the candle
We will see if we can create based on some percentage and let you know at the earliest.
Regards
Kamal
THANKS FOR PROMPT REPLY. WAITING FOR NEXT REPLY..........
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gauravmutha White Belt
Joined: 02 Mar 2012 Posts: 12
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Post: #13 Posted: Sun Dec 07, 2014 10:36 am Post subject: |
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hi guys ! does pin bar strategy work in all time frames?
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Gemini White Belt
Joined: 28 Apr 2009 Posts: 166
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Post: #14 Posted: Sun Dec 07, 2014 6:53 pm Post subject: |
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Time frames:
As Nial Fuller mentions in his blog ( see the link in the initial posts of the thread ), Pin bar trading system works in all time frames but is most powerful in 1 hour, 4 hour and daily charts. ( One must read and the entire set-up / context, not just Pin bar formation).
Screener:
A few web sites list out scripts which have seen recovery from intra-day low. One may use this list to identify probable candidates on daily TF.
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kamal.icharts Site Admin
Joined: 10 Apr 2013 Posts: 576
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Post: #15 Posted: Tue Dec 09, 2014 10:46 am Post subject: |
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Dear Member,
We have prepared the scan for the Pin bar, based on the following conditions
1) It will scan the last 3 candles, thus help to find the pin bar candle which is recently formed
2) It will check the second candle out of the 3 candles for formation of Pin bar
3) The length of the wick should be either 2 times or 3 times the length of the body
4) The last 3 candles should form swing low formation i.e. the low of the middle candle (i.e. pin bar candle) is lower than the 1st and the 3rd candle.
Regards
Kamal
kamal.icharts wrote: | Dear Sambhajit,
In Platinum, there may be possibility to create a scanner for it, wherein you need to define the percentage of body, the wick and the nose for the candle
We will see if we can create based on some percentage and let you know at the earliest.
Regards
Kamal
THANKS FOR PROMPT REPLY. WAITING FOR NEXT REPLY.......... |
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