Price Action Trading Method.

adityasaraf007

Well-Known Member
What is Pin Closing?
(Post #93)

Thanks..
Round numbers are psychological levels and when PA closes below these levels , you can be sure that it will act as resistance and it did.

The pin closed below the 1.3 mark and this acts as resistance and price went down..
I think Murthy ji wanted to know more about Pin Bars..... Have a look at this thread... Provides a good basic overview about it....

However, I don't look for much technicalities as mentioned in that thread.... I look for basic Doji/Hammer with good volumes having a long tail.... And this pattern gives a very good probable move..... :)

Good night!!
 

murthyavr

Well-Known Member
I think Murthy ji wanted to know more about Pin Bars..... Have a look at this thread... Provides a good basic overview about it....

However, I don't look for much technicalities as mentioned in that thread.... I look for basic Doji/Hammer with good volumes having a long tail.... And this pattern gives a very good probable move..... :)

Good night!!
Thanks Aditya for the link. I will go through it..

@TraderDude: Thanks for the rough idea provided by you..
 

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