when you say it should be closed, do you mean:
1: close the thread because it has been crapped on by lulz-seekers, and the first 20 or so pages do not do justice to the original?
OR:
2: close it in order to respect trader_dantes wishes?
Personally, the continuation thread would be useful. (a fresh one without the crap).
Traders who perhaps relied on TD for help, will have to rely upon themselves and each other. it may evolve, as people learn to think for themselves, rather than seek the approval of TD for a particular trade, and discuss amongst themselves the merits of a particular set-up.
Much as we should respect TDs wish for no copycat threads, bear in mind pin-bars, or DOJIs, have been around before any of us were born, so are not proprietary to any person or group. Indeed, pin-bars were being discussed by james16 and his followers before TD came along. I believe TD has acknowledged his debt to james16 publicly here at T2W.
Pin-bars are public domain.
I think the supporters of pin-bars should get a fresh, clean thread, and get on with it.
PS: I dont believe TD has blown his account. Logically, the longevity of the original thread suggests the continued merit of pin-bars, and he must, after all this time, learned to control risk.
Applying Occams Razor, the simplest solution being the most likely, he may simply have got bored of constantly having to verify less confident traders assessment of a set-up, and wants some peace.
Since pin-bars/dojis and all its variants are being traded all over the place in ALL TIME-FRAMES, the prospect of big-boys actively fading is laughable.
Who honestly beleves pin-bars are being monitored on 1-hr, 4-hrs, daily and weekly on a myriad of currencies, commodities, oil, indices, etc, just to be faded by the 6-figure-salaried whizzes at Goldman Sachs with their 7 to 8 figure accounts?
Much as I like T2W and all its members, sorry, but you guys aint THAT special!
Have a lovely weekend. 🙂
