Dislikedi've just started to go through this MASSIVE thread right from the beginning (though i've read this thread in bits and pieces previously).
so from what little i've gone through, am i right to say with all confluences being constant it would appear that the 'PinBar' and 'Double/Triple Bar HiLo Close' which is sort of like a 2/3-Bar PinBar seems to be most reliable ?
i understand that these formations are best traded off the Daily or 4 Hour timeframes but has anyone tried them with any degree of reliability on lower timeframes like the 1 Hour or 3 Hour (an Oanda anomaly) ?
most sorry if all these questions had been asked before..........many thanks.Ignored
As for lower timeframes, yes PA works on all timeframes, but one must understand the different dynamics that comes along with each timeframe. The higher the timeframe the more reliable PA is. Less noise. Many people including myself trade off the lower timeframes(I am a big fan of the 4hr). But this was after doing it on the daily/weekly.
With that said, James recommends, and I highly agree that one should be able to trade PA on the higher timeframes daily/weekly before venturing lower.
Glad you are digging into this thread James started quite a beast here
have a good one
Mike