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Yes, Give it to me

Why the Pinbar Trading Strategy is Failing You and What to Do About it 

Last Updated: October 31, 2019

By Rayner

You’ve probably come across a Pinbar trading strategy that goes something like this…

  • Let price retrace to an area of support
  • Wait for a Pinbar to form
  • Place your stoploss below the Pinbar, and aim for a minimum of 1:2 risk to reward

Makes sense right?

So…

You start looking for these trading setups.

But here’s what usually happens:

Price comes into an area of support, trades higher from it, without giving you a Pinbar entry.

If you’ve experienced it before, then watch this training video below.

Because you’ll learn what a Pinbar really means, and how to find high probability trading setups (without looking for “confirmation”).

I hope you’ve enjoyed this week’s video post. As always, comments are welcomed and encouraged. Cheers!

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  • Hi Rayner,

    Thanks for this video. I did this mistake many times. In the beginning traders look for a quick candlestick pattern that say it’s sure going up or down.. I even remember myself look for it… where is the next pinbar that going to give me some bucks… candle stick is not a magic stick.

    Well done Rayner! You always memorize to us what is the most important thing in trading, what the nature of the market is.

    Shlomi

  • Yes we do, as Einstein said “The definition of insanity is doing the same thing over and over and expecting different results.” but sometimes I even do twice.. 🙂 🙂

  • Hello Rayner – new to the site – looking to learn and understand. Would I be right in saying that the pin bar examples shown (against the trend) are all valid – especially for scalping – and the lesson to be learned is to be aware of the additional trades from price rejection at S&R levels without pin bars and also with the trend.

    • Hello Ingram,

      Pinbars that are against the trend, are usually continuation patterns, instead of reversal patterns. If you go down into the lower time frame, you’d notice they’re usually a retracement in a trend.

      Yes another lesson here is that pinbar is just another form of price rejection.

      I hope that helps!

      Rayner

  • Yes. When I learnt about Pin bars and Engulfing, I felt that is the magic.

    Experience taught me. Not only Pin bar, any candlestick pattern will not work when we look from single candle perspective. Need to see whole picture.

  • actually when i look at this, it actually reminds me of ur early videos on dynamic support/resistance. the price rejection is actually price touching the dynamic support/resistance.

    and i do like your style of trading with the trend, thanks rayner!

    • Hey JL,

      Thank you for your feedback, I appreciate it.

      Don’t hesitate to let me know if you’ve got any questions, I’ll be glad to help.

      Cheers

      Rayner

  • PHi Rayner, great video. What is the best confirmation to look for when price is changing direction if pinbar or engulfing pattern doesn’t show? Thanks

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