DislikedAnother thought. Could that be so, that so many people in the world will read this thread so the method would loose its edge, PB's and rest would just stop working some day???????
OMG! I may be not a very good person then, I am really worried... you knowIgnored
Hi Adilius,
In my view these setups will remain forever usefull. You will always have newbies not understanding the patterns correctly and not realising that it's not about the pattern so much but about where the pattern occurs (Someone said it earlier, can't remember who). These newbies will lose the majority of their positions and we, who understand the patterns and where to look for them will win the majority, so basically I believe as long as you have losers in the market trading these patterns wrongly they'll continue to be effective because there will be balance between the losers and winners. This is only my view and I can be wrong.. I know this sounds a bit stupid but that's all I say to myself when thinking about setups stopping to work. And at the end of the day we shouldn't worry about that which we cannot change..
Regards,
Thank you j16!