Hello, my friend, and welcome to this tutorial on Pin Bars – Japanese Candlesticks Pattern, Part 1. In this post, we will continue to discuss Pin Bars and what you need to know about the meaning of Japanese candlesticks today whether you’re a beginner or an expert. Enjoy!
Was this post/video on Pin Bars – Japanese Candlesticks Pattern, Part 2 helpful to you? Leave a message in the COMMENTS section at the bottom of this page.
PLEASE “PAY IT FORWARD” BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.
Pin Bars – Japanese Candlesticks Pattern, Part 2 – Video
Hello, it’s Barry Burns back for part 2 of our series on Japanese candlestick patterns. Today, we’re continuing our exploration of pin bars. If you missed part 1, check the link in the description below.
Now, let’s delve into why pin bars may not always work as expected. First off, it’s crucial to understand that candlesticks, while not indicators, provide short-term insights into the balance of supply and demand during a specific time-period. They do not predict long-term trends.
Things to Consider When Using Pin Bars – Japanese Candlestick Patterns
To illustrate this, let’s consider a bullish pin bar. While it may indicate a rejection of lower prices during a given period, it doesn’t necessarily translate into a long-term upward trend. Candlesticks, in isolation, don’t establish trends; they’re merely snapshots of market dynamics.
So, what’s the solution? Before utilizing a candlestick pattern like a pin bar, it’s essential to determine the prevailing trend objectively. Establishing the trend requires a systematic and mathematical approach. Candlestick patterns gain significance when considered within the context of an existing trend.
Using Pin Bars the Right Way!
Here’s the key: Only trade bullish candlestick patterns in an early-stage uptrend and bearish candlestick patterns in an early-stage downtrend. Timing is crucial. Entering a trend early enhances the probability of success.
Stay tuned for part 3, where we’ll reveal the secret sauce and explore how to trade against the trend. In the meantime, feel free to share this video, and leave a like if you find these insights helpful
Free Offer!
And finally, I am offering one of my favorite trade strategies called the Rubber Band Trade. Absolutely free. And I want you to go and make some money. Try before you buy, or well, actually try and never buy because there’s no charge for this trade at all. And I’ll give you the setups, the exits, all the rules for it. It’s an objective rule-based method based on price pattern action that I don’t think anyone else teaches.
I’ve never seen anything else teach this particular price structure. So go get that by clicking on the green icon in the top right-hand corner of the video there, or by clicking on the green button below, and that’ll take you to a page where you can opt-in, get the video for the rubber band trade strategy, along with some other great free tutorials, one of my little mini-courses, absolutely free, courtesy of Barry Burns here at Top Dog Trading.
GET MY FREE MARKET ENTRY TIMING INDICATOR
BTW, if you’re interested in the indicator that I use personally for very precise entries and exits. I’m happy to share that with you. Just send me an email at support@topdogtrading.com, and I’ll show you how to get access to that indicator.
What did you think of this Pin Bars – Japanese Candlestick Patterns, Part 2 tutorial? Enter your answer in the COMMENTS section at the bottom of this page.
PLEASE PAY IT FORWARD BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.
FREE GIFT!
I’m giving away my favorite trading strategy that works in trading the markets. Just click on the button below, and I’ll personally send you an email with the first video.
Those interested in this video of Pin Bars -Japanese Candlestick Patterns, Part 2 also showed an interest in this video:
https://www.topdogtrading.com/the-momentum-trading-indicator/
Subscribe to my YouTube Channel for notifications when my newest free videos are released by clicking here:
https://www.youtube.com/user/TopDogTrading?sub_confirmation=1