One of the reasons those bars are failing is cause lots of the big boys are on vacation and there isn't enough big money in the market to make those nice sustained moves. So low liquidity translates to very unstable situation.
If i were you i would wait to start of september and then we may see the nice moves.
If i were you i would wait to start of september and then we may see the nice moves.
DislikedHi Mike, first of all I want to thank you for all your efforts to help us and I really like your comments and looking to learn something from you whenever you post something. However, about the E/J pin bars i have question. I agree with you regarding the first one not being broken, maybe the second one has small nose, but as I see the third one has very nice long nose, it was in location, swing low and after very big drop and has all the space. Why the hell then is it failed? Just simple answer, because it does not have work everytime. By the way I took the pin into my live account, because i thought it was worth the risk. Can you please show a few example where there is no traffic? I ask this question because as I said, I know you are great trader and can learn something from you. By the way I have already watched your video about pin bars three times. Thats why this traffic issue has confussed me, because all I can see was it was after big drop, no sideways markets and created well space. Thanks....
Cheers,
NuriksariIgnored