Ok, so I've read most of this thread. Had a little laugh.
Will keep this short and sweet.
When I first came to FF I had stumbled across the James16 thread. It was good at the time. Pinbars were effective in their simplest of forms.
As stated earlier, James did not invent the pinbar or trading the pinbar, merely made an observation and stated so. And alot of people can be thankful to him thats for sure.
But over the days the evolution of the James thread has tried to adapt to changing market conditions with more and more trades being missed out, and in my personal opinion making pinbars less viable to trade on a sole basis. That is, it can be traded, but you need other weaponry to attack the market. Otherwise, you will go insane.
looking at a chart 20 mins a day is not trading and does not make you a trader no matter who you are. And those that seem to have caught onto the james16 thread after the success stories, are those who are not willing to put the time into actually learning to trade.
James16 has contributed greatly to the retail FX arena, and see no issue with him profiting from it.
Whether or not he is a profitable trader, doesn't matter. He has provided something valuable to people.
I commend Trader KGB on his posts, they are spot on. The actual sales behind the method is not necessary, as its solid information.
The fact that the majority of retail traders are 3rd world, under-educated (note under, not un) and unaware, leaves them suseptable to promises of profits. Being stern and to the point is how someone is going to be profitable. Saying "this could potentially kill you" is much more effective than "I am my own boss and have been for X number of years".. I have done the own boss thing and its junk. No one sane can do that, especially a trader.
Long story short.
James16 - good member provides useful information (At a minimal fee)
Calls for proof of his trading are junk as he isn't selling a managed account
Trading dailies/weeklies will only get you so far (eventually you wont get full fills on all your orders and make pennies on a million bucks).
Good day.
Will keep this short and sweet.
When I first came to FF I had stumbled across the James16 thread. It was good at the time. Pinbars were effective in their simplest of forms.
As stated earlier, James did not invent the pinbar or trading the pinbar, merely made an observation and stated so. And alot of people can be thankful to him thats for sure.
But over the days the evolution of the James thread has tried to adapt to changing market conditions with more and more trades being missed out, and in my personal opinion making pinbars less viable to trade on a sole basis. That is, it can be traded, but you need other weaponry to attack the market. Otherwise, you will go insane.
looking at a chart 20 mins a day is not trading and does not make you a trader no matter who you are. And those that seem to have caught onto the james16 thread after the success stories, are those who are not willing to put the time into actually learning to trade.
James16 has contributed greatly to the retail FX arena, and see no issue with him profiting from it.
Whether or not he is a profitable trader, doesn't matter. He has provided something valuable to people.
I commend Trader KGB on his posts, they are spot on. The actual sales behind the method is not necessary, as its solid information.
The fact that the majority of retail traders are 3rd world, under-educated (note under, not un) and unaware, leaves them suseptable to promises of profits. Being stern and to the point is how someone is going to be profitable. Saying "this could potentially kill you" is much more effective than "I am my own boss and have been for X number of years".. I have done the own boss thing and its junk. No one sane can do that, especially a trader.
Long story short.
James16 - good member provides useful information (At a minimal fee)
Calls for proof of his trading are junk as he isn't selling a managed account
Trading dailies/weeklies will only get you so far (eventually you wont get full fills on all your orders and make pennies on a million bucks).
Good day.