The Best Pin Bar trading Techniques using a leading indicator approach

The Best Pin Bar trading Techniques using a leading indicator approach

Trading pin bars is one of the most talked about Forex trading systems on the market. There are numerous Free Pin Bar indicators available and many free and highly expensive Forex trading courses trading this particular candlestick Formation. The Best Pin Bar trading Techniques are like using a leading indicator approach.

A pin bar is basically a candle formation showing a rejection spike. Bearish Pin Bars have a long tail above a small body with a tiny tail. This is shown in the Forex candlestick illustration below.

The Best Pin Bar trading Techniques using a leading indicator approach

Furthermore, the surrounding candles are further analysed in detail to give more validity to the pin Bar Candle formation. The candlestick formations below.

Bullish and Bearish Pin bar Indicator signals

These  signals are very attractive and make such visual sense that many rule based Forex trading strategies and techniques have been developed to trade them. Because they are rule based Forex Traders really like this approach. The best signals come for the longer term Forex chart time frames.

Leading, concurrent and lagging Forex signals

When using Technical Analysis for Forex trading certain signals are regarded as leading signals. These signals happen before an actual trend develops. The RSI divergence and trend line crossover system are examples of this.

Then there are concurrent Forex trading signals which happen at the same time as a trend is confirmed. Trend line violations and are often regarded a concurrent trading signals.

Then there are lagging signals. Lagging signals use lagging indicators such as the moving average. The moving average crossover technique is an example of a lagging signal. Why are they lagging? Because they need a huge part of the tend to already take place before the signal is generated. More on that later. Some of these system give away as much as 50% of the trend to get into it. So if the trend is say 100 pips the signal will only occur 30 pips to 50 pips into the trend.

Are Pin Bars Lagging?

My question to you the reader is: What type of entries do you think the traditional pin bar strategies are?

There are 2 pin bar trading techniques that turn these lagging pin bar trading approaches into roaring leading signals. You won’t even need a free Pin bar indicator to identify these Pin Bars.

 

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