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you do not need statistics to support common sense. if you do need them you can find it from historical charts.

YES and do not forget that if the prices drops in an up trend the faster it resumes the up trend the more eager buyers are. so saying that you must wait for a two leg pull back to buy is ridiculous.

yes and ironically,how many have counted the number of early entries...... that got stopped out? most ironically not me!

please look at a chart and see how many early entries failed and got stopped out.

risk may be low and reward may be high but win rate may be terrible. and the reward is high only if you hold and hold and hold.... this is what very very very few do

a wick on a bar is a reversal pattern it becomes a correction pattern once the market goes past the wick. so if you have bars with wicks in opposite direction, that is a trading range

so after a well defines two leg if there is good reversal bar then the market will reverse. the key here is the reversal bar or reversal pattern. if not after two legs there will be correction and another two legs. after which there will be another correction. so after two legs reversal or...

a well defined two leg move can be traded as a correction. what is a well defined two leg move? it is where there is clear trendline break between the two legs. if there are two legs, where the two legs are inferred- such as when there is an inside bar which is a pause in the trend and so can...

it is said that the market is ranging or trending ,this is not exactly correct. what does happen is that the market ranges within a trend which is why the trend, which existed before the range will, most times, continue. if it does not continue then it is reversal. and Brooks ,as is his wont...

that assumes i have something in my head to light up. thank you for that. i was pretty sure i dont ....have something

one of the most important rules of TA is that uptrend does not end until the last high that was made is tested and and a lower high is confirmed. similarly a bear dos not end until a higher low is confirmed. Brooks has expanded this rule to include DT and higher highs. so he says a test may...

"just click" is not coaching. incidentally i have done that for decade. it works well but when you lose you have no clue you are wrong because you have no clue why you got into the trade. so you do not close and you lose big. so SML showing green so some time is not impressive because i have...

you really are thinking out of box. i try to think like you but i am not so good

if you trade small then you are effectively increasing your account size. i trade 1 mes and i do not lose much but i still lose so i have no edge

perfect. i could not agree more and you have summarized it beautifully. i tried saying the same thing many times but it was not paraphrased so nicely

i have done it many times..... but it always disappears if not i would be richer than Gates

the market broke out of it tested it and then gave a buy signal so it was reversal signal,which would likely be a corrective move since the down move was strong. it did give a move up which was not a strong one but that is expected

well by his own admission he shoots in the dark... i did it for long time. Only traded ranges and went counter trend but to suggest everyone does the same is moronic

that was suggestion to newbies to learn about trend lines. i am quite aware of the pitfalls and advantages of this.

thanks for that. Brooks is reactive, if i have understood you properly. you do seem to be thinking about things and that is what trading is about. blindly entering and hoping is not something great. but all good. the idea is get on the highway to being a better trader