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Can't agree more. S&R stems from the naive idea that you can "catch" a trend. All S&R does is chasing a trend. If you win by the first trade, it means you left it too early. If you have to reverse two or three times, you might catch a trend but it comes with a huge loss by then. At the end...

I got caught up with a s&r strategy and demoed it for a couple of months, now I've been doing it live for half a year. As mentioned before, the real problem of these strategies is the huge amount of loss -- coming from time to time to time... You can't even backtest a s&r system. It's...