"Hi Talisman - I would certainly agree with you that using pinbars - or even any one type of indicator -should not be used in isolation to take a trade if you are after a high win ratio.. This is back to the point that whether its candle pattern -…"
"It's not just Forex, the US seem to hate anything to do with putting your money at risk, online. Gambling laws online are so strict yet other aspects of our society are so relaxed, it just plain retarded! One day those big boys will sink and…"
"Of course I don't play the guessing game this time. I would look for the signal in the D1 chart. Price is approaching the upper band of the rising channel, with stoch going down. Still bullish. But to buy USD/JPY, as said, I prefer buying the…"
"good points. the ey has given an interesting lesson in why pinbars cannot be used in isolation to place trades. each pinbar i ve circled on this chart could be an argument for the market taking out bull stops. it did take a little move…"
Note to Members: Any trade recommendations/ideas placed in this site are not endorsed by FXstreet.com. Readers must make their own analysis and trade as per their own analysis, risk tolerance and money management principles.
1. Treat others the way you wish to be treated
2. Do not come to fish traffic to your site; Do not come to get clients
3. Discussing is welcome; Lack of respect is unwelcome
4. Use English at All Times