Learning to catch High Probability Breakouts

[timepass]

Pin Bar Trading


Significance of Pin Bars at Support
Pin Bars at support on Weekly Charts

Beg to differ, but the bars marked by you don't appear to be pin bars. usually the pin bars would have long tails/wicks.

Off the topic, there is a good thread on "Pinocchio Bar (Pin Bar) Formation & System" on TJ.
http://www.traderji.com/advanced-tr...8-pinocchio-bar-pin-bar-formation-system.html

 

[XRAY27]

Beg to differ, but the bars marked by you don't appear to be pin bars. usually the pin bars would have long tails/wicks.

Off the topic, there is a good thread on "Pinocchio Bar (Pin Bar) Formation & System" on TJ.
http://www.traderji.com/advanced-tr...8-pinocchio-bar-pin-bar-formation-system.html

TP bhai ,

I totally agree with you !! they are not Pinocchio bars !!

 

[laotze]

Amit

Can u please post your view on LIC Housing Breakout...

Presently, i feel, it will be live analysis...

My view....long initiated on 27th November 2014,(Initial s/l 397.25, based on 11.11.2014 candle closing)...now revised s/l 427, based on 14.11.2014 closing..

Throw some light on the above present breakout...

 

[amitrandive]

Beg to differ, but the bars marked by you don't appear to be pin bars. usually the pin bars would have long tails/wicks.

Off the topic, there is a good thread on "Pinocchio Bar (Pin Bar) Formation & System" on TJ.
http://www.traderji.com/advanced-tr...8-pinocchio-bar-pin-bar-formation-system.html

Tp

Thanks for the link.
It's a learning curve for me.

 

[amitrandive]

Amit

Can u please post your view on LIC Housing Breakout...

Presently, i feel, it will be live analysis...

My view....long initiated on 27th November 2014,(Initial s/l 397.25, based on 11.11.2014 candle closing)...now revised s/l 427, based on 14.11.2014 closing..

Throw some light on the above present breakout...

Just for Learning Purpose

Weekly Chart of LICHSGFIN

Daily Chart of LICHSGFIN

Stock gave strong breakouts around 290 and 350 levels.
Stock is a strong uptrend and has currently taken support @ 400 levels before taking off again.
Fantastic point to get long at bounce on support.As this is a lifetime high for the stock,we should ideally follow the trend until it breaks.

 

[amitrandive]

Beg to differ, but the bars marked by you don't appear to be pin bars. usually the pin bars would have long tails/wicks.

Off the topic, there is a good thread on "Pinocchio Bar (Pin Bar) Formation & System" on TJ.
http://www.traderji.com/advanced-tr...8-pinocchio-bar-pin-bar-formation-system.html

TP bhai ,

I totally agree with you !! they are not Pinocchio bars !!

TP and Xray

Can we call these candles hammers,hanging man,inverted hammers ,etc?

 

[XRAY27]

TP and Xray

Can we call these candles hammers,hanging man,inverted hammers ,etc?

Amit !!

As a Price action trader my suggestion is to refer the candles as

decision and indecision candles

A candle that is at your lines !! as decision candle !!

Coming to PIN bar this is how it is defined..

So you call each candle as seperate as long legged doji,long wicked hammer,as per its name... if they are not pin bars !!

 

[timepass]

Now this could be a pinbar

The daily and the weekly show that significant upside is possible, but the monthly is slightly negative.

Or maybe today was just a reversal to 3ema after 2 high power sessions. The next 2-3 bars will complete the story.

 

[RAAMAKANT]

TP and Xray

Can we call these candles hammers,hanging man,inverted hammers ,etc?

Candlestick Pin-bar formations are exactly the same as Bar Chart formations except the terminology is little different.

-- A Bullish reversal or Bottom reversal pin-bar formations can be called as
a long wicked Hammer, a long wicked Doji or a long wicked Dragonfly.

-- A Bearish reversal or Top reversal pin-bar formations can be called as
a long wicked inverted Hammer, a long wicked Doji or a long wicked Gravestone.

 

[amitrandive]

Now this could be a pinbar

The daily and the weekly show that significant upside is possible, but the monthly is slightly negative.

Or maybe today was just a reversal to 3ema after 2 high power sessions. The next 2-3 bars will complete the story.

BankIndia Monthly Chart

BankIndia Weekly Chart

BankIndia Daily Chart