Candlestick pin bar means and what is important thing?
I hope you are fine.
Do you often trade pin bars ?
I think that they are easy to spot and can be very effective for me.
Buy I would like to know how to filter them, and increase the winning ratio of buy / sell stop on pin bars.
I’m looking for >70% winning ratio for pin bars with 1/1 risk/reward,
or >50% for 1/2 risk/reward.
Maybe it is topic… but I saw some traders who claim to have 70% winning trades with pin bars on supports / resistances, with reward 1,5 for risk 1.
Thanks for your advice !
pin means lost direction
so, when pin bar appear don’t trade next bar.
Wait confirmation upper close pin or under close pin
you can take profit.