DislikedIm done trading pin bars! tried them for 2 months, 90% failed. They suck according to current market conditions. Please spare me of all the PPZ and long nose and bla bla BS. And mostly spare me of the different brokers feeds, thats the worst excuse ever.
Why isnt James posting charts of failed Pin bars? of course, he will always find an excuse. Different broker feeds. Or risk 150 pips but take profit very quickly at 50 pips. Great MM. Whatever. Im sorry for the angry message, Im just pissed off because Im trading pin bars instead of trading the obvious.
Going back to the basics which is S/R.Ignored
This thread is about learning multiple concepts including support and resistance, coupling that with understanding of price action bar analysis, putting the parts together with confluence of factors and taking high probability setups. From there it is about further understanding these concepts in order to develop an appropriate exit strategy that suits ones style of trading. This goes from the extremes of taking profit quicker getting your stop to b/e , to letting your trades run more. This is easier said then done.
James posted a video today on the failed Eur/Usd trade. What did he say? Well he said that this one failed, he took a loss on this trade, and he knows it doesn't happen often. Why would he go out posting a video to all his subscribers about a trade he lost if he was hiding something? Because it is simple, nothing NOTHING is fool proof in this business. It is a cost of doing business and James doesn't have to hide behind anything. Day after day he shows how this stuff works. So please don't go slurring yet again untrue remarks about a guy who has done so much for so many of us.
It is unfortunate for you that you believe you have spent and given this material that appropriate amount of time. But if you believe it doesn't work then please move on from this thread and allow those of us that use this material day in and day out to help others, and those that are here to learn and further their forex education because they know what it is going to take to learn this material.
Thank you,
Mike
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