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Liquidity Hunt PatternLiquidity Hunt Pattern Uncover Hidden Opportunities in the Market Introduction: The Liquidity Hunt Pattern is a powerful technical analysis tool that helps traders identify potential turning points in the market. By understanding how this pattern forms and its implications, traders can gain an edge in uncovering hidden opportunities and making informed trading decisions. What is the Liquidity Hunt Pattern? The Liquidity Hunt Pattern is characterized by a series of price movements that create a distinct "W" or "M" shape on the chart. This pattern forms when large institutional players, known as "liquidity providers" enter the market to buy or sell large quantities of assets. Their actions create temporary imbalances in supply and demand, leading to price swings that can be exploited by astute traders. Identifying the Pattern: The Liquidity Hunt Pattern consists of three key elements: The "W" or "M" shape: This is the most recognizable feature of the pattern and is formed by a series of price swings that create the distinctive letter shape. Volume spikes: The pattern is often accompanied by significant volume spikes, indicating the presence of large institutional activity. Breakout or breakdown: The pattern typically resolves with a breakout or breakdown, signaling a potential change in the market direction. Trading the Liquidity Hunt Pattern: Traders can use the Liquidity Hunt Pattern to identify potential entry and exit points for their trades. By understanding the dynamics of the pattern, traders can: Anticipate potential turning points: The pattern can signal potential reversals or continuations in the market trend. Identify high-probability trading setups: The pattern can be used to identify areas where the risk-reward ratio is favorable. Manage risk effectively: The pattern can help traders set stop-loss and take-profit levels to manage their risk exposure. Conclusion: The Liquidity Hunt Pattern is a valuable tool for traders of all levels. By understanding its formation and implications, traders can gain an edge in the market and uncover hidden opportunities for profitable trades.
BINANCE:ETHUSDEducation
by TheGreatR00T
1
How to Trade the Pin Bar Pattern on Forex and Gold 🕯 The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell us about market psychology? 📉This pin bar followed a strong downward trend, and the presence of a long tail below the body tells us that the market rejected any attempt by overly exuberant sellers to move the price lower. The length of the tail speaks to the strength of the rejection. 📈The pin bar followed by a strong uptrend, and the presence of a long tail above the body tells us that the market rejected any attempt by overly exuberant buyers to move the price higher. The length of the tail speaks to the strength of the rejection. ⭐️The best pin bars are bearish pin bars that form at the top of an extended move up, and bullish pin bars that form at the bottom of an extended move down. ✅Entry and exit is very simple. If you are going short on a bearish pin bar, enter short when the next candle opens and ticks below the low of the bearish pin bar. If you are going long at your fx broker, enter long when the next candle opens and ticks above the high of the bullish pin bar. ❗️Keep in mind that these are general trading concepts that build on the collective experience of traders. Even though a lot of traders believe that these chart patterns have a bearing on the future direction of the price there are no guarantees in trading. Forex & gold trading is risky and you should never speculate with funds you cannot afford to lose. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
4
How to Trade the Pin Bar Pattern on Forex and Gold 🕯 The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell us about market psychology? 📉This pin bar followed a strong downward trend, and the presence of a long tail below the body tells us that the market rejected any attempt by overly exuberant sellers to move the price lower. The length of the tail speaks to the strength of the rejection. 📈The pin bar followed by a strong uptrend, and the presence of a long tail above the body tells us that the market rejected any attempt by overly exuberant buyers to move the price higher. The length of the tail speaks to the strength of the rejection. ⭐️The best pin bars are bearish pin bars that form at the top of an extended move up, and bullish pin bars that form at the bottom of an extended move down. ✅Entry and exit is very simple. If you are going short on a bearish pin bar, enter short when the next candle opens and ticks below the low of the bearish pin bar. If you are going long at your fx broker, enter long when the next candle opens and ticks above the high of the bullish pin bar. ❗️Keep in mind that these are general trading concepts that build on the collective experience of traders. Even though a lot of traders believe that these chart patterns have a bearing on the future direction of the price there are no guarantees in trading. Forex & gold trading is risky and you should never speculate with funds you cannot afford to lose. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
10
Price Action Candlesticks Cheatsheet — The Best Patterns!These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles! If you identify any of these in a chart you are looking at today, feel free to share them below. Here is a little more about bullish and bearish candlesticks: Bullish and bearish candlesticks represent opposite market sentiments in technical analysis. They are used to identify the buying and selling pressure in a financial market, and help traders to predict the direction of price movement. A bullish candlestick is represented by a green or white candlestick that has a long body and a short wick or no wick. A long green or white body indicates that the closing price of the asset is higher than the opening price. It signifies that buyers are in control and that there is bullish sentiment in the market. The longer the body of the candle, the more significant the bullish sentiment. On the other hand, a bearish candlestick is represented by a red or black candlestick that has a long body and a short wick or no wick. A long red or black body indicates that the closing price of the asset is lower than the opening price. It signifies that sellers are in control and that there is bearish sentiment in the market. The longer the body of the candle, the more significant the bearish sentiment. Traders use bullish and bearish candlesticks to identify trend reversals, support and resistance levels, and to confirm other technical indicators. When a bullish candlestick pattern appears after a series of bearish candlesticks, it may indicate a potential reversal of the trend. Conversely, when a bearish candlestick pattern appears after a series of bullish candlesticks, it may indicate a potential reversal of the trend. No single candlestick should be used to make trading decisions, and traders should always consider other technical indicators and fundamental analysis before making any trading decisions.
BITSTAMP:BTCUSDEducation
by Tradingstrategyguides
GUIDE TO JAPANESE CANDLESHello everyone! Today we will discuss JAPANESE CANDLES! Let's try to understand what they mean and how to use this information in your trading. LET'S GO! Bullish and Bearish PIN BAR A bullish pin bar is a candle with a long shadow, the body of which is located at the top of the candle. Such a candle was formed under the pressure of sellers who were able to push the price down, after which buyers turned on, who pushed the price above the opening and were able to gain a foothold there. This strength of buyers signals to us that sellers are losing dominance in the market and a trend reversal is possible soon. A bearish pin bar has a mirror structure relative to a bullish pin bar. Buyers can't keep the price high, and sellers take up the trend. At these points, we can expect the early completion of the previous impulse and a possible trend change. Bullish and bearish harami Bullish harami consists of two candles: the first is a long full-bodied candle, the second is small with a small body. After a strong downward impulse (the first candle), a sharp reversal begins (the second candle). At the same time, the second candle often opens with a gep. The momentum of the first candle is the last spurt of the market, after which buyers take over the market. The gap in the opening of the second candle and the closing of the first confirms the strength of buyers. Bear harami has a similar structure, but a mirror movement. The last impulse of buyers, was replaced by the gep of sellers. This sign indicates a possible reversal. Bottom and top tweezers These Japanese candles are characterized by two long full-bodied candles. After the first strong impulse, there is a sharp reversal in the opposite direction. This reversal has a huge force, as it is able not only to turn the price against the main trend, but will immediately gain a foothold low. This figure is called tweezers, as the price pierces the level and abruptly returns back. A very strong signal for a reversal. Conclusion These patterns are very popular and useful. The ability to use them correctly in trading can bring significant profits. These patterns help to determine the price reversal, which contributes to a better entry into the position. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDEducation
by Lingrid
12
Trade Ascending Parallel Channel With 3 Points + Pivot PointTrade Ascending Parallel Channel With 3 Points + Pivot Point Indicator Connect your three points using the parallel channel. First, connect two points which are your higher lows. Next, connect the third point which is the swing high. The swing high is the higher high. In this example, a pin bar formed at the higher low. Pin Bar wick touches pivot point level and channel support level. Volume Indicator is "green" and pin bar is "white." Conditions are great to enter the market at pin bar closing price.
Education
by TradeLive-
Strong Trading Strategy, Do not trust all the pin barsThe pin bar pattern is one of the best signals on any market for predicting the next move. But should you trust all pin bars? In my humble opinion, NO, and I’m explaining this idea below and the approach I take to distinguish valid pin bars from invalid ones. I suppose you already know what is a pin bar, so I’ll not explain its basic details here. If you don’t know please, do a search and read its basics first. I have 3 filters for my pin bars. Find them below and boost the idea if you liked it :) 1- What should it look like? In my opinion, having a candle with a shadow (wick) longer than the other and a small body is not the only factor to call it a pin bar. I filter pin bars by expecting some pre-defined proportions and ratios between body size and shadow lengths. Here are my rules: The body must be at least 2% of the candle height. The long shadow must be at least 4 times bigger than the body. The long shadow must be at least 2 times bigger than the short shadow. I know you are rightly thinking about how to calculate them, but do not! There is a simple indicator that does this calculation and highlights the pin bars for you, the Abnormal Pin Bar indicator . You just need to set it up with your values. You can even set up an alert to let you know when a pin bar is shaped. These are my rules and values that fit my strategy, you can use them. Also you can do your own tests to find the values that fit your psychology and your strategy. You can say you prefer a pin bar that has a bigger body than yours! it’s okay, just do your own tests to make sure it works for you. 2- What is behind that? Always inspect the smaller timeframe to check if the sub-candles that shaped the pin bar confirm its bearishness or bullishness. Yes, you should always see the big picture but remember, all the moves start from smaller timeframes. You shouldn't expect too much from a movement with bad groundwork. For a bullish pin bar, its bullish sub-candles must overcome the price action and volumes of its bearish ones, and on the other hand, for a bearish pin bar, its bearish sub-candles must surpass the price action and volumes of its bullish sub-candles. It would be nice to write a long and detailed article about bearish and bullish sub-candles competition and when they overcome each other. It's not something you decide just by comparing the number of bullish and bearish sub-candles! Long story short, it’s all Price Action and Volume Analysis. and my favorite one is when the volume of sub-candles in one direction surpasses the volume of the candles in the opposite direction. Or you can look for volume and price anomalies. What is the volume and price anomaly? The volume and price anomaly is a simple pattern that occurs in two consecutive candles. Assuming two descending candles or two ascending candles in a row, if the body of one candle is bigger than the other one, we expect its volume to be larger, or if the body of one of them is smaller, we expect its volume to be small. Now, if this pattern is not observed for two consecutive candles, we call it a volume and price anomaly. For example, a candle has a larger body than the previous candle, but its volume is smaller than the previous candle. Or a candle that has a smaller body than the previous candle, but its volume is greater than the volume of the previous candle! Anomaly Confirmation Candle: In most cases, after the volume anomaly, I wait for a confirmation candle. This candle will be a bearish candle for a bullish anomaly and will be a bullish candle for a bearish anomaly. The volume of the confirmation candle is very important in anomaly, and in addition to its shape and size, you should also pay attention to its volume. I just explained the anomaly here to give you a point of view and perspective. I don't want to make this idea overlong so I do not go into more details. Maybe it would be a subject for another idea ;) In which timeframe should the inspection be done? You will understand which timeframe you should choose to inspect a pin bar sub-candles by experiencing it over time, but I personally consider two things: 1- The timeframe must be well-known and be used by not only me but also by most traders. 2- It must contain at least 4 sub-candles. e.g. for a daily pin bar, 12h reveals only 2 sub-candles while 4h reveals 6. For example, for a closed daily pin bar, it would be a good check to inspect candles for the 4h timeframe. or after a weekly pin bar close, you can check the candles of the last 7 days. Consider this instruction and practice on the chart to see the result. If one of the pin bars in sub-candles is also a pin bar, do the same inspection for it. 3- On there any key level around? A pin bar is an important pattern but one that touches a trend line or any important level is leading! The combination of a key level and a valid pin bar is something very valuable and instructive. It's definitely not to be missed, provided you do your own analyses. Prioritising trend lines and important levels always makes my decision easier when a pin bar spawns near to more than one significant level. Check twice if you face a pin bar in peaks, troughs, resistance or support areas, supply and demand zones, or as a rejection from a trend line. You can use the Trend Key Point indicator to highlight important levels. Additionally, there is a guide about its usage . Bonus Tips: Pin bars on bigger timeframes are more reliable. If there are lots of pin bars shaped on a chart, think twice, select a bigger timeframe, or do not use this strategy on that specific asset. For two valid pin bars in a row, the one with a bigger volume is more important to me. Check twice if the volume of a pin bar is bigger than the volume average. Check twice if the volume of a pin bar is bigger than the volume of its previous candle. Do you have any questions? ask in the comments. Do not hesitate to write your opinion about this idea. I'd appreciate if you share this idea with your network.
Education
by bhnmzm
1
ERRORS ON PIN-BARSThere are a large number of technical analysis figures, there are many different patterns, but as you know, they do not work 100% of the time. No matter what you trade, you should always pay attention to the market context and the pin bar is no exception. Pin bar is a very profitable pattern, provided that you trade it correctly. Beginners often make mistakes trying to trade every pin bar that is formed in the market. Today we will try to analyze the most common mistakes of beginners when trading a pin bar. 1. Trading pin bars in trending markets To begin with, every beginner should learn how to trade a pin bar in trending markets, because any pattern will work itself out if it trades in the direction of the trend. The trend is still our friend and we should use its strength to open positions. Look for an entry point on the pin bar in the direction of the trend and avoid losses. 2. Pin bar on daily charts A trader should be able to trade a pin bar on daily charts, because a daily chart is the best chart for trading. This is a fact. If you do not know how to trade a pattern on a daily chart, then you will not be able to trade it on smaller timeframes. As you know, the market is full of trading noise on low timeframes. That is why patterns are most difficult to work out there. In such noise, false signals appear that confuse beginners, but an experienced trader will be able to determine a really profitable entry point. 3. Market conditions It is very important to understand where to expect the right pin bar, which will bring profit. Pin bars can be found anywhere in the market, but this does not mean that each of them will bring you profit. No. The strongest signals occur near strong levels, it is at such points that it is worth looking for an entrance. 4. Stop loss Very often, traders trade a reversal pin bar, hoping to catch a trend change. If you catch such a movement, you can earn a lot, but it's difficult to do it. The price rarely immediately reverses after the pin bar, the market will fluctuate and if you put a stop loss too close to the position opening point, you may be knocked out. It is most correct to put a stop loss where the closing of the position will be correct, perhaps a little further than the opening point. No one wants to be knocked out of position ahead of time and watch the price go where we wanted, but without us. Conclusion The strongest signals simply cannot appear everywhere on the chart. You need to be able to filter out the signals correctly and use the most profitable ones. To do this, first study the theory, gain experience on older timeframes and only then practice more. Take your time. Good luck! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
13
How To Trade The Ascending Triangle + Double Bottom ComboWait For The Close Above the Neckline at Horizontal Level 24.07952. After the close above level; resistance level turned support. Wait For The Retest Of The Neckline At 24.07952. Watch For A Pin Bar or Rejection Candlestick to form at the horizontal neckline. Enter Trade At The Closing Price Of Pin Bar or Rejection Candlestick. Set Target Price Using Measured Objective Of Pattern. Measured Objective Is 24.37017. Measured Move Is 2906.5. Height Is 2906.5. Exit Trade At Target Price.
Education
by TradeLive-
How To Trade Quality Pin BarsAfter the Pin Bar Formed At The EMA 10 EMA 20, Do The Following Actions Draw Your Fibonacci Retracement Levels Draw Horizontal Support Levels Enter At Pin Bar Close Price Exit At The Previous Swing Low Level The attributes that made this a quality Pin Bar: Pin Bar Close Price is in the Fibonacci Retracement 50% and 38.2% Range Area Pin Bar Close Price is in the EMA 10 EMA 20 Range Area Pin Bar at Lower High Downtrend Technical Chart Of How To Trade The Pin Bar. Before and After Charts. Click on Charts.
Education
by TradeLive-
How to use Candlestick Patterns ..Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price rest to have a better RR ratio guys. Good Luck on that , As easy as you see
Education
by sajadakrami1378
japanese candlestick patterns (pin bar)The pin bar: It is candlestick pattern that consists of just one candle, it has a long lower wick and short body and little or no upper wick. Strictly speaking, the lower wick should be at least two times longer than the body, the longer, the better. There are two types of pin bar , the bullish pin bar which is a reversal candle that occurs at the end of downtrend and reverse the trend. A bearish pin bar which is also a reversal candle that happens at the end of an uptrend and revers it As you can see this chart, almost pin bar appear the trend will change reversal. This is one of the best in price action.
Education
by tradeplanprofit
Pennant Pattern On The H4 Chart (2021 April 28 ; 20:00)Trading the Pennant (Symmetrical Triangle). Wait for a close above/below the diagonal level. In this case, wait for a close below diagonal support resistance level. After the close, diagonal support turned resistance. Next, watch for a pin bar to form at the Resistance Line, EMA 10, EMA 20 in a Pull Back. Enter at closing price of the pin bar, break of the pin bar nose with a sell stop order, or 50% Fibonacci Retracement of the pin bar with a sell limit order. Stop Loss is place 5-10 pips above the pin bar tail. Or stop loss is placed above the break out candle. Take Profit is the first point of the trend line. In this case, the take profit level is 0.94906. Pin Bar is date 28 April 2021 time 20:00.
Education
by TradeLive-