The first rule of Pinch Club is - YOU DO NOT TALK ABOUT PINCH CLUB!
Welcome to the thread! The pinch play is a fantastic way to spot "smart money" and bouncers. It is primarily based on the convergence of the PPO and ADX indicators ...... but ohhhhhh if only it were so simple! Pinchers work in both bear and bull markets, but due to they nature of the play, they are obviously going to work better and run harder when market sentiment is good. No pinch play is created equal, just like no chart is. You can find them on all different time intervals or markets. The biggest attraction is the kinds of moves these setups make, which are traditionally larger than the average trade.
Good luck and let's pinch away!
Edited by Rock Sexton - 2/5/13 at 3:18pm