Welcome to PinBarWizard.com
The aim of this web site was initially to concentrate on one of the most powerful price action signals – The Pin bar. Things have moved on a little over the years and while the theme of this site is strictly simplicity, I just added in a few other exciting features like the Coiling Stocks page, where I will show some good potential trades that you might want to keep an eye on.
Anyway, Pin bars are awesome, so back to the Pin bars!……
Pin bars traded correctly can provide great opportunities for successful trading. High quality Pin bars are worth waiting for as they are high probability price action signals that can easily make up for lower probability trades that I simply do not take anymore.
Pin bars are not just limited to the forex charts, they can be great signals on stock charts too and if filtered correctly they can lead to consistent gains in your portfolio.
Although Pin bars will be our main focus, we cannot ignore a couple of other high probability price action signals, the Engulfing bar and the 2 bar reversal, both of which we will talk about.
As with any trading, stop losses must be used in conjunction with a good money management system. With these in place and combined with sensible risk/reward ratios and the edge provided by price action trading, consistent gains is what you should get used to.
Latest Posts
- Trade ideas for the week ahead.A pair I have been watching for a long time now is AUD/NZD. This pair fell from highs of around 1.37 back in 2011 and if we look at the monthly chart, it has been winding sideways over the 7 years! December printed a long tail pin bar and January has so far continued this… Read more: Trade ideas for the week ahead.
- Trade ideas for the week ahead…
We have a potential reversal on the weekly chart of the EUR/JPY. It may be worth keeping an eye on the lower time frame charts this week, such as the 1 hr or 4 hr to look for a break of an early pull back that will signal the continuation of last weeks bullish run.… Read more: Trade ideas for the week ahead… - GBP/USD Weekly Chart showing Head and Shoulders around key level.
I always look at the long term charts to watch for the reversal so that I can align myself with the ‘tide’ of the market. I have been keeping a close check on the GBP/USD pair over the last few weeks and it is looking like there is an opportunity to go long here. In… Read more: GBP/USD Weekly Chart showing Head and Shoulders around key level. - Bullish Engulfing bar on EUR/USD weekly chart at key level. Potential Forex trade.As the title says, the EUR/USD weekly chart shows a nice Bullish Engulfing bar on the weekly chart. This could be a potential Forex trade set up for the coming week. The exciting thing about this particular set up is that it is at a key level… EUR/USD is at the same level that it… Read more: Bullish Engulfing bar on EUR/USD weekly chart at key level. Potential Forex trade.
- Update on Bitcoin weekly chart.
Bitcoin this week has made a interesting move this week and after defining a good support line a few weeks ago (the upward sloping line of our triangle), it has now come back to re-test this support level. In fact it has left a perfect pin bar with the long tail just kissing the support… Read more: Update on Bitcoin weekly chart.
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