PIN BAR - Low risk High reward

 Candlestick chart have many patterns.So today we will learn about Pin bar .(see below image)

If you See above image , you will get the idea why we call this shape/pattern Pin bar , because of  long tail & short head.

Pin bar have two types Bullish and Bearish.

1. Bullish :- Long tail of bar at lower side & head on upper side.

2. Bearish :- Long tail of bar on upper side & head on lower side



This bar have higher possibility of success and also cover the high risk reward.


Look at below charts,

• Bullish Pin Bar Chart

• Bearish Pin Bar Charts

chart 1

Chart 2

 We can use both the patterns in trade / investment successfully.

Live example of  Pin Bar  posted below . You can also track  live

Weekly Chart of  RAYMOND . 

Bearish Pin Bar

Benefit of Pin Bar :

•  It is very simple to understand.
•  No complicated indicators.
• Easy to recognize structure. 

This is not only for example, I am also using this pattern for my trade .

Regards

UPL - Do OR Die

Now a days, I am  focusing on option trading .Before enter  in to trade, In option you must have knowledge of time value,because time value help you to do a right trading .

As you aware option trading is very risky but if you work smartly nothing is hard.
Without risk there is no reward in stock market.

UPL Daily chart 

  See the above chart if you observe it is self explanatory. Long term trend-line support and triangle formation .  We can  expect movement at any side ,you must follow the  price action .

SYNDICATE BANK

Long term investment bet.Support around 50-60 rs accumulate in between them with double in two years. Chart is self explanatory.

TATA ELXSI

Welcome friends , almost 2 yr back i stop to post chart .
Now i am more focus to trade in options .

Following chart of TATAELXSI.
Half hourly charts i post below. Making triangle looks picture are crystal clear.

Trading idea :- Buy TATAELXSI above 1660 with SL-1640 Tgt- OPEN
Option :- BUY TATAELXSI 1700 CE

0.8.09.2015 Banknifty

Banknifty

My main focus to reduce no. of trades per day .

today is too more trade . its bad for me .


total no. trades :-10
No. of win trades -5
No . of lose trade -4
No. of  scratch trades -1


thank you

04-09-2015 Crude OIL

Hello ,

Today is frist day of journal after discuss with jagdeeshji .

Today take two trades , One with Target and one with SL .


Higher Time Frame Chart

Trading Time Frame Chart

Lower Time Frame Chart

Trade Explanation :-  First Trade BOF of previous Move with PB entry . Nice timing of trade and exit also .

 Second trade :- FTC of Previous swing Entry was too early and actual focus on LTF and thats mistake . and Hit SL .

Thank you
                                    

04-09-2015

Banknifty

I am trading Banknifty future . My HTF is 30 min. ,TTF is 3 min. and LTF is 1 min.
This method is completely jagdeeshji method , i am just follower of it .


Today take three trades . all trades take in early morning . rest of the day only sit front of screen .


Higher Time Frame Chart

 Trading Time Frame Chart

Lower Time Frame Chart

Trade Explanation

1 ) PULLBACK trade :- Market open and drag down very fast , i am looking for short entry and it gave me nice set up .
my exit is very early and whole day i regreat for it .

2) PB :- trend down and market halt some time here ,when second time push fail , i will enter in it.

3) Conter trend :- PB :- market is not intrested to go down , i will look for CT trade , i enter but only few bucks SL. mkt hit my stop and move toword my bias , its bad luck .

After that , one BOF trade seen but i was not react timely on it and miss that trade .

Thank you .