Long-Tailed Pin Bar Signals

How to Trade Long Tailed Pin Bar Signals on Daily Charts I often get asked if I have a favorite price action chart pattern to trade, and the answer is yes, yes, I do. Today’s lesson is about that chart pattern, it’s what I call my ‘deserted island strategy’ because if I were stranded on a deserted island and could only pick one trading strategy or signal, it would be the one I am going to share with you today, long-tailed pin bar strategy. Pin bars, in general, are my…

OPEN INTEREST AND MARKET DIRECTION

ALL YOU NEED TO KNOW ABOUT OPEN INTEREST AND MARKET DIRECTION “There’s a sucker born every minute!” You are likely familiar with this phrase which has been attributed to the late P.T. Barnum.  It means that there are a lot of gullible people in the world.  Wall Street is counting on investor vulnerability in order to line their own pockets. Business television helps to perpetuate this.  Most of the time, when you tune in you are bombarded with “news” of the hottest stocks; the ones that have already increased in…