Pin Bar

The Pin Bar is a direction reversal formation. Now we discuss further, some possibilities for entering the market:

"At Market Entry", this means you place an instant order whose position is immediately opened after you place it, and this must be executed by the broker at the best market price of the price of your order. A bullish pin you place a "Buy" order and your bearish pin "Sell" order.

"Stop Entry", this means you place a stop order at the price level you want. In order for your order to open, the market price must first move up to the price point where you order Buy Stop or drop down to the point where you sell a Sell Stop order. It is important to note that the type of Sell Stop order must be placed below the current market price including spreads. And a Buy Stop Order must be placed above the current market price including spreads.

Limit Entry Order ", this order must be placed above the current market price if it is sold and below the current market price if Buy. The basic idea is the possibility that the pin bar will move back to around 50% of the tail, so we can expect to enter at that point with a limit order


Linkback: https://www.forex.zone/forex-education/29/pin-bar/1588/

I suggest that for a candlestick reading strategy to be better exemplified in a chart can be an image or illustration, I am also a little confused if I only read without giving an example on the chart

The Pin Bar is a direction reversal formation. Now we discuss further, some possibilities for entering the market:

"At Market Entry", this means you place an instant order whose position is immediately opened after you place it, and this must be executed by the broker at the best market price of the price of your order. A bullish pin you place a "Buy" order and your bearish pin "Sell" order.

"Stop Entry", this means you place a stop order at the price level you want. In order for your order to open, the market price must first move up to the price point where you order Buy Stop or drop down to the point where you sell a Sell Stop order. It is important to note that the type of Sell Stop order must be placed below the current market price including spreads. And a Buy Stop Order must be placed above the current market price including spreads.

Limit Entry Order ", this order must be placed above the current market price if it is sold and below the current market price if Buy. The basic idea is the possibility that the pin bar will move back to around 50% of the tail, so we can expect to enter at that point with a limit order

I have trouble understanding when you don't post the illustration sir ...

The pin bar on the EURUSD pair on TF H4. sorry is this called a pinbar or doji candle?

I think it's doji because it's formed at midle trend. The key pinbar is formed at the end of swing or retrace.

The Pin Bar is a direction reversal formation. Now we discuss further, some possibilities for entering the market:

"At Market Entry", this means you place an instant order whose position is immediately opened after you place it, and this must be executed by the broker at the best market price of the price of your order. A bullish pin you place a "Buy" order and your bearish pin "Sell" order.

"Stop Entry", this means you place a stop order at the price level you want. In order for your order to open, the market price must first move up to the price point where you order Buy Stop or drop down to the point where you sell a Sell Stop order. It is important to note that the type of Sell Stop order must be placed below the current market price including spreads. And a Buy Stop Order must be placed above the current market price including spreads.

Limit Entry Order ", this order must be placed above the current market price if it is sold and below the current market price if Buy. The basic idea is the possibility that the pin bar will move back to around 50% of the tail, so we can expect to enter at that point with a limit order

pin bar is very accurate in determining the direction of price. I often use pin bars

The Pin Bar is a direction reversal formation. Now we discuss further, some possibilities for entering the market:

"At Market Entry", this means you place an instant order whose position is immediately opened after you place it, and this must be executed by the broker at the best market price of the price of your order. A bullish pin you place a "Buy" order and your bearish pin "Sell" order.

"Stop Entry", this means you place a stop order at the price level you want. In order for your order to open, the market price must first move up to the price point where you order Buy Stop or drop down to the point where you sell a Sell Stop order. It is important to note that the type of Sell Stop order must be placed below the current market price including spreads. And a Buy Stop Order must be placed above the current market price including spreads.

Limit Entry Order ", this order must be placed above the current market price if it is sold and below the current market price if Buy. The basic idea is the possibility that the pin bar will move back to around 50% of the tail, so we can expect to enter at that point with a limit order

understanding pin bars is indeed good enough to be able to analyze the market but sometimes the form of a pin bar is invalid, often an incorrect option because the understanding of the pin bar is not good. info tanks sir