What if I told you that you could become a profitable trader from trading no more than just one trading strategy? Youd probably feel pretty surprised, right? Some of you may even feel outright offended!But let me let you into as small secret !rading just one price action based pattern represents the majority of the trades "e ta#e todayand this price action pattern is the pin barSurprised? You shouldnt be! $fter all, its better to be the master of one trading strategy than the jac# of allno" Im pretty sure youve heard that before!Trading the pin bar alone holds many #ey advantages for us %a&y !raders Its a price pattern thats celebrated as one of the most popular price action based patterns both to trade and to teach. Not only can we use the pin bar as an efficient entry or launch pad to taking highly profitable, long'term s"ings in the mar#et, they also act as highly reliable indicators in telling us where the market it likely to head next. They hae been and will always be a firm family favourite "ith %a&y !raders.!ut what are they, when do we trade them and how" Im glad you asked.What is the pin bar?#hether you know them low test bar or a shooting star, the chances are youe probably already come across the pin bar, perhaps without een realising it.(epending on "hat boo#s youve read and "ho you subscribe to, you may have heard them referred as) %o" test bar *bullish+ %ong "ic#ed hammer *bullish+ ,orning star *bullish+ %ong "ic#ed doji *bullish$ -igh test bar *bearish+ Shooting star *bearish+ .vening star *bearish+ %ong "ic#ed gravestone *bearish+%egardless of what you know pin bars to be, the good news is that they tell us the e/act same thing and "e can trade them in the e/act same "ay, no problem&' pin bar is a price action pattern which you can see on any timeframe which tells us that a certain price or technical leel has been sharply rejected. If this is the case, then they can gie us a reliable heads upwith what happens next.If we hae a bearish pin bar reersal as a technical leel, then we hae probabilities stacked in our faour that price is li#ely to fallIf we hae a bullish pin bar reersal at a technical leel, then we hae a indication that price is likely to head up"ards ne/t.!he body of a pin bar(in bars are best iewed as in )apanese candlestick form on the chart, although you can also see them lucidly using *+,- .*pen high low close$ charts too.They are characterised as having a long 0tail1, also #no"n as the 0"ic#1 "ith the open and close, #no"n as the 0body1, in the upper or lo"er half of the barIf the open and close of the bar is in the top half/012 .ideally the upper third of the bar$ then we hae a bullish pin bar reversal. ,onersely, if the open and close is in the lower half/012 .ideally the lower third of the bar$ then we hae a bearish pin barreversalIt doesnt matter "hat the colour of the bar is If you hae a bullish pin bar reersal as a seller *red+ bar, then it is still bullish as a price pattern. ,onersely, if you hae a bearish pin bar reersal which is abuyer bar *green+, then it is still a bearish price pattern. That said, generally bullish pin bars are green buyer bars and bearish pin bars, red seller bars.When to trade pin bars#hen it comes to trading pin bars, a pin bar on its o"n is simply not enough. We are only interested in actually trading pin bar reversals "hich are rejecting a meaningful technical level This is because pin bar reersals by their ery nature reflect a sharp re3ection in price with the tail/wick isually representing this on the chart for us. ' hori4ontal leel ' trendline ' moing aerage ' psychological/key number ' 5ibonacci retracement leel ' weekly or monthly piot point2onte/t of the mar#et5ortunately for us, the ersatility of the pin bar pattern means "e can trade in both trending and range'bound mar#ets. !ut we do want to be on the right side of the market, regardless of what market we are in&'s technical traders, trading probabilities based on what we see on the chart, we want to make sure we hae as many proabilities on side as possible. -aving the mar#et on our side helps In fact, it helps a lot!'ll we hae to do is trade "ith the trend by buying in an up'trend or selling in a do"n'trend. 6oes it get more complex than that" Not really... If the market is range7bound then we can simply sell at the top of the range and buy the bottom. The pin bar seres as our confirmation or 8actiator bar8. It will be our entry into the trade.!rading the pin bar in an up'trend !rading the pin bar in a do"n'trend !rading the pin bar in a range'bound mar#et#e will trade the bullish pin bar if the context of the market is bullish *ie) in an uptrend or buying the bottom of the range$ and the bearish pin bar reersal if the context of the market is bearish *ie) in a do"n'trend or selling at the top of a range+...but only if we hae a technical leel.s$ supporting the direction. In the example aboe .9!(,'6 daily chart$ you will see that our technical arguement for the sell at the top of the range followered by the buy at the bottom is governed by the #ey levels obstructing price from going any furtherThe pin bar gies us the confirmation that price where price is likely to go thereafter. $ bullish pin bar 3 price li#ely to go up $ bearish pinbar 3 price is li#ely to go do"n-o" to trade the pin barSelect the best and leave the rest's you can probably imagine, there are pin bars and there are pin bars. 's traders running our trading account as a business,"e should only select the best. #e owe it to our bottom line. Now, wee talked about trading only with the trend and haing as many technical reasons on our side as possible. But "hatif "e could ta#e it one step further to really eliminate some of the gun#? #ell, we can&The best pin bars are the ones where their tail is bouncing off and re3ecting a price where no other preceeding bars hae reached after a pullback. Not only does this reflect a sharp and decisive rejection and that price wants to continue with the oer all trend, it lets us place our stop loss in a far safer place and minimise the chances of being stopped out for a lossThe examp