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Strategy Pin Bar, or also known as Pinocchio Bar, is one of the price action methods that rely on candlesticks. The Pin Bar can be identified from the very long axis of the candlestick that exceeds the body part. The Pin Bar signifies a reversal or reversal, provided that the longer the axis appears, the greater the chance of the reversal. Pin Bar Formation For each direction of movement, there are certain patterns from the Pin Bar that must be observed.
Amazon.com: trading binary options strategies. From The Community. Amazon Try Prime All Go Search EN Hello. Sign in Account & Lists Sign in Account & Lists. 1-16 of 177 results for 'binary options trading strategies' CALL or PUT: How I profit using Binary Options Sep 14, 2016. Prime Video Direct Video Distribution. Trading in binary options is one of the popular trends in the financial markets today. Both experienced and novice traders are rushing to include them in their investment portfolios. Just like any other trading platform or business, you must have a strategy to use in order to consistently be making money. With this Binary options trading course, you will learn the basics and then advance stuff based on Nadex binary options trading platform. You will also learn advantages and disadvantages of trading Binary Options Strategies with simple rules to success through bandit strategy.
The Bullish Pin Bar indicates that the price trend that previously moved down will immediately turn around and form an uptrend. Candle Bullish Pin Bar is indicated by the length of the axis at the bottom of the candle, as shown in the picture below. Why is the Bullish Pin Bar actually marked with an axis that extends below the candle? Doesn't that mean the price has just reached the lowest level of the downtrend? This is why the shape of the candle is called the Pinocchio Bar.
In the Pinocchio story, the more often he lies, the longer his nose will be. Likewise with the Pin Bar, the longer the axis of the 'lie', the greater the potential for reversal in price.
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Here, the very long axis of the candle is interpreted as a 'lie', which seems to indicate the price movement will move according to the position of the axis. For example, the long axis above the candle should show a price that can reach the top level. However, what happens next is the price actually reverses direction and then moves to a lower level.
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Therefore, the long axis located at the top can then be interpreted as a bearish reversal, while the axis position at the bottom is indicated as a bullish reversal marker. Please also note that there are no special provisions stating that the Bullish Pin Bar must be closed at a higher price level (the candle is green), while the Bearish Pin Bar must also have a close position lower than the opening level (red candle). For example, the Bullish Pin Bar remains valid even though the price closes at a level lower than the opening price. The same is true for Bearish Pin Bars. For this reason, an indication of the Pin Bar that shows the direction of the reversal is fully determined by the longitudinal axis position exceeding the body candle (the highest or lowest price), not the closing price. Indexstat strategy for binary options download windows 10.
Red candles can also be interpreted as Bullish Pin Bar as long as the position of the long axis is at the bottom, as well as for the green candle which can indicate a bearish reversal if the axis position extends above the candle. The condition of the Pin Bar actually reflects market behavior that shows the strength of rejection and the existence of a break in a certain level. The length of the candle axis that exceeds the size of the candle itself indicates the strong resistance of the price to move further towards the same trend. For that, the longer the axis size and the smaller the shape of the candle will increase the reversal opportunities. This can be a convincing rule of thumb for your binary options strategy. How to trade Binary Options with Pin Bars Even though it looks easy, you still need to recognize certain Pin Bar conditions to be able to increase trading opportunities with this strategy. Apart from recognizing the shape of the Pin Bar which indicates a bullish and bearish reversal, there are provisions to confirm the reversal so that you are not trapped to quickly pick up the option as soon as a Pin Bar is formed.
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In addition, there are also additional indicators that can help you to be able to take option positions more convincingly. Confirm Pin Bar To recognize the perfectly confirmed Pin Bar, there are two sides that you need to pay close attention to.