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    Thread: Pin Bar Indicator (Find out the Pin Bar Candle Easily!!!)

    1. #61
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      i think this kind of indicator is good for people who cant memorize cnadlestick patterns. Like me, i cannot remember all the patterns, only some so i would use this kind of indicator to help me in spotting it.


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      moneygrows (02-20-2018)

    3. #62
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      Pinbar is very good pattern from candlestick but it's better to do it on bigger time frame like the H4 and D1.
      If use on the small time frame then the function is not good for entry and exit.
      Becaus it's only 2 candles formation so it's not completely good for entry signal.


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      moneygrows (02-20-2018), Unregistered (1)

    5. #63
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      Quote Originally Posted by Pongsakorn** View Post
      Pinbar is very good pattern from candlestick but it's better to do it on bigger time frame like the H4 and D1.
      If use on the small time frame then the function is not good for entry and exit.
      Becaus it's only 2 candles formation so it's not completely good for entry signal.
      A trader should never ignore the bigger time frames as the bigger time frame will show you the bigger trend or picture of what is actually going on. At least refer up until D1 to know the daily trend before we decide to open our trades.


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      PongsakornFX (02-21-2018), Unregistered (2)

    7. #64
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      Quote Originally Posted by moneygrows View Post
      A trader should never ignore the bigger time frames as the bigger time frame will show you the bigger trend or picture of what is actually going on. At least refer up until D1 to know the daily trend before we decide to open our trades.
      Very correct mister moderator, the big time frame is mother of the trends in all lower time frame.
      I think it's best to stay with the big er time frame because that is what big trader suse in their trading.


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      Quote Originally Posted by Pongsakorn** View Post
      Very correct mister moderator, the big time frame is mother of the trends in all lower time frame.
      I think it's best to stay with the big er time frame because that is what big trader suse in their trading.
      It is always a good thing to see the bigger picture so we can be more confident in following the trend. Trading against the trend is very risky especially if we are a new trader.


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      Quote Originally Posted by moneygrows View Post
      It is always a good thing to see the bigger picture so we can be more confident in following the trend. Trading against the trend is very risky especially if we are a new trader.
      Pinbar is very good in bigger time frame I think and esepecially if follow the trend now so we can make money confidenct.
      Big pinbar is also most reliable for trading because its' sign of weakness for the currency pair.


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    13. #67
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      Pinbar is just one candle so it's not that reliable because you need a context for that candle. I think you must combine it with price action too.
      Also, you can start by using support and resistance for candlesticks because they usually give reaction in those areas.
      Traders don't know the future that is why traders need market scenarios.


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