Do forex strategys/systems work forever?

So is the idea that you minimize losses by getting in with a tight stop on a smaller time frame and out with a small profit still on that time frame if the price moves slow or retraces within x amount of time, and if the price moves fast enough or stays below a certain level long enough you manage the trade on a larger time frame to maximize profits?

If you check out his website and youtube page, you’ll see he goes MUCH MUCH further than mere candlestick reading.

IMO, the most important aspect of trading which is simply not taught on this forum (except for in his thread) is the IMPULSIVE VS. CORRECTIVE & VOLATILE VS. NON-VOLATILE models. He has some really great approaches to applying analysis to the markets which aide in literally seeing the underlying order flow of the professionals.

Yes, DOM is incredibly important, and is incredibly visible on a simple price chart (kind of :wink: ).
Yes, most traders simply do not have the desire to understand order flow as it relates to price action.

It’s very easy to sell a method which only requires you to look @ the charts 1x / day, for a single specific candlestick and check off 2 or 3 additional requirements before a reactive trade is made.

It’s much more difficult and time-consuming to read corrective vs. impulsive moves, determine the trend (volatile vs. nonvolatile), and understand/monitor the price action (live) across multiple timeframes in order to place a proactive trade.

Educational money will go where the demand is.
Demand is primarily on shortcut methods to get rich.
Pinbar trading and simple price action on a single timeframe is and has been in high demand.

Jake

Isn’t that Elliot Wave analysis?

Similar, but not quite.
It’s kind of like Support/Resistance and Supply/Demand zones.
Same concept, but very different levels of analysis and conclusions.