Pin bars can actually be quite versatile and can be used effectively in combination with various other trading strategies. A pin bar, which is essentially a candle with a small body and a long wick or ‘pin’, is a powerful signal when it comes to predicting potential price reversals. However, using pin bars in isolation […]
Can Pin Bars Be Used In Combination With Other Trading Strategies? Read More »
The pin bar pattern can be an effective way to identify potential reversals in the market, giving you a chance to capitalize on price shifts. Here’s a simple step-by-step guide on how you might use this pattern in your trading strategy. Identify the Pin Bar Candlestick: The first step is recognizing a pin bar on your
How Can I Trade Using The Pin Bar Candlestick Pattern? Read More »
A pin bar, short for ‘Pinocchio Bar’, is a single candlestick setup that signals a potential reversal in the market. The reversal is predicated on the premise the price, like Pinocchio’s nose, is ‘lying’ or in other words, is about to go in the opposite direction. A typical pin bar has a long tail (or
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At its core, supply and demand trading operates under a basic economic principle: prices are driven by the supply (selling pressure) and demand (buying pressure) in the market. But as a trader, the secret sauce lies in understanding how this principle translates into actionable trading decisions. First off, you’ve got ‘Supply Zones‘. These are price ranges
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To identify supply and demand zones, we need to pinpoint areas on the chart where the price has made a strong advance or decline. See, supply and demand zones aren’t just arbitrary areas. They’re places where heavy buying or selling occurred, creating a battlefield of sorts between buyers and sellers. A demand zone is typically
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Pin bars are characterized by a small body – this represents the area between the opening and closing prices – and a long upper or lower shadow, also referred to as a ‘wick’ or ‘tail’, which is at least twice the length of the body. This wick is what gives the pin bar its ‘pin-like’
How Do You Identify A Pin Bar Candlestick Pattern On A Chart? Read More »
In the world of supply and demand trading, confirming a zone’s potential for causing a reversal often involves looking for confluence or assessing the zone’s strength. Both methods work fine, but there’s another tool to add to your arsenal: Divergence. Let’s explore how to use divergence to confirm supply and demand zones, enhancing their potential
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The real nitty-gritty of any supply and demand trade, heck, any trade at all, is nailing that perfect entry. Here’s the drill if you’re familiar with supply and demand trading. The entry appears when a price action pattern— pin bar or engulfing pattern—forms inside the zone. These patterns indicate the banks are buying or selling
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There are few sights worse than seeing price move into a supply or demand zone, provide a nice entry signal, but then break the zone soon after. Wouldn’t you agree? But what if you could tell a zone was about to fail… If price was now unlikely to reverse and instead move the other way
The #1 Sign A Supply Or Demand Zone Is About To Fail Read More »
Are you on the hunt for supply and demand indicators that actually hit the bullseye? Tired of those that promise but just don’t deliver? Well, the search is over, my friend! Introducing…drum roll…Sup Dem V2! You’re probably thinking: “Another S & D indicator? What’s the big deal?” Well, here’s the scoop: Sup Dem V2 stands
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