Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In addition to Suri Duddella mentioned by Big Mike, and Thomas Bulkowski mentioned by Fat Tails, you might want to check out Lance Beggs stuff. He has a bunch of free videos on YouTube and well as a training course called YTC price action trader. I have material by all 3 mentioned above and each one provides very valuable information.
Bearish and Bullish engulfing patterns can also be powerful, given the right context.
Good luck.
Bowie
Can you help answer these questions from other members on NexusFi?
@trendisyourfriend , do you also consider other candlestick patterns besides the pinbar which show the same movement? Since the pinbar is nothing more then ' price turning around' within one candlestick, the same information can be shown by different/more candlesticks. E.g. the bearish/bullish engulfing 2 candlestick pattern combined is the same as a shooting star/pinbar etc. Although one could say it shows slower momentum since the pattern takes 2 candles to form, instead of one.
Since you say it denotes trapped traders, would you only consider pinbars which dip below some form SR ( in case of ' bounce of long SR )? ( and dismiss the ones which turn around just before )
One of my worst enemies are my own false assumptions