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In contrast to other binary options strategies Pinocchio can be easily used without any specific professional skills and knowledge of fundamental analysis. It is appropriate for commodity futures and stocks as well as for Forex currency pairs trading.

To trade Pinocchio patterns we recommend you opening an account at a regulated binary broker which offers demo trading. Pinocchio strategy for binary options can be used with different types of charts. Those who are more comfortable with the bars should look for a model consisting of three bars. Those who prefer Japanese best binary options signals 2018 spiked will be looking for a model that consists of a three candles.

The end of the bar, which is located on the left should occur at the opening of the middle of the bar, so the middle bar shall be closed best binary options signals 2018 spiked the opening of the right bar. In addition, the one in the middle must have a sufficiently long shadow, which greatly extends beyond the right and left bars. In order to understand how to use the strategy, it is necessary to understand Pinocchio pattern, which is located in the middle, and how it should look like.

Primarily it should be noted that the Pinocchio pattern has a distinctive long shadow. Sometimes in trading literature, this shadow can be called a spike. The spike or shade must be long enough and at the same time directed in the opposite direction from the current motion. It is important to note that the longer the spike is, the more likely the strategy will work out. On the left side of the pattern should be located the left eye of Pinocchio.

The nose best binary options signals 2018 spiked the eyes should be combined in a special way. An ideal pattern can be recognized if the spike goes far beyond the previous bar or candle and the body does not go beyond it. But in order for the signal to be as clear as possible, it is better to wait for the ideal Pinocchio pattern.

There is another important point. Binary option purchase is carried out when there is evidence of the last candle from the combination. When it best binary options signals 2018 spiked to a situation with a rising trend, the body of the third bar needs to move beyond the body of the second. Only then we can say that the pattern is confirmed. If the trend is moving downwards, the bear bar on the right of the Pinocchio pattern should cross the body of the candle from the top down.

Once you identify the Pinocchio pattern then it will be easy for you to take a decision for Call or Put option. Skip to main content. Pinocchio binary options strategy You are here Home. How to identify Pinocchio pattern? The spike of the hammer must exceed the length of its body several times. How to trade Pinocchio pattern? In this situation, you can buy a Call binary option.

This will indicate that a bearish market trend will follow and you can buy a Put option. Tue, 06 Oct Log in or register to post comments.

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The Pin Bar binary options strategy is very easy to use. It can be used by both professional and novice traders. To perform this type of trading you have to open an account at a binary broker and at a chart provider. Besides, this system, in contrast to other binary options strategies and can be used without any specific skills and knowledge of fundamental analysis intricacies. At the same time, the strategy is so versatile that it can be used in commodity, futures, stocks and Forex currency pairs trading.

The Pin Bar strategy for binary trading can be used on different types of graphs. Those who are comfortable trading using bars should look for a model consisting of three bars. Others who prefer the Japanese candles will have to look for a model that consists of a single candle. Closure of the bar, which is located on the left, should be in the opening part of the middle bar, hence the middle bar must close near the opening of the right bar.

At the same time, middle bar must have a sufficiently long shadow, which greatly extends beyond the left and right bars.

Before you begin to understand the use of the strategy, it is necessary to understand what a pin-bar, which is located in the middle is and how it should look. First of all, it should be noted that pin bars have such a property as a long shadow. Sometimes in trading literature, this shadow can be called a spike. Thus, they are directed in the opposite direction from the current movement.

It is important to note that the longer the spike, the greater the chance that strategy works out is. The ideal variant is when the spike goes far beyond the previous bar or candle, and the body does not go beyond it. There is another important point. Binary options buying is carried out when there is an evidence of the last candle in combination.

When it comes to the situation with a rising trend, the body of the third bar should go beyond the body of the second. Therefore we can say that the pattern is confirmed. In this situation, you can buy Call binary option.

If it is a downtrend, it is important the bearish bar on the right of the pin bar to cross the body of the candle from the top down. It will consider that the market will continue its bearish trend and you can buy a Put binary option. It should be noted that despite the fact that the strategy is simple enough, beginners are advised to carefully look closely to the emerging market model.

It is important to wait for the formation of such a figure and its confirmation in the form of the third bar. Skip to main content. Pin Bar binary options strategy You are here Home. Trading Pin Bar pattern. Types of charts which you can use The Pin Bar strategy for binary trading can be used on different types of graphs. The spike or shade should be long enough.