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.
Find bigger Candlestick body and inside close price