trend lines and trend lines breaks give a really powerful way to trade the market.
Wade and Brooks both advocate this but i felt TL were too subjective.
you can draw too many and which do you take?
this was a very costly dilemma and i did something worse: cut TL totally from my trading.
i again revisited this after maybe a decade and something changed.
i think it was my attitude.
and i realized that a minor break of trend line was seen by traders as an opportunity to enter the trend
a major trend line break warned traders that a reversal MAY be coming and to watch the attempt to make a new extreme very very very carefully.
this begs the question: what is minor and major trend lines and breaks?
it is so subjective, to what you are looking to trade-the particular trend ,swing, leg, channel.....or pattern.... that it was not easy to find.
which is why even Brooks did not attempt to explain or he thought it was obvious.
but for an idiot like me who wants to know everything with certainty, it was a big hurdle to overcome and i never had confidence in my trading which is the surest way to fail.
you should still be trading in direction of the trend until the attempt [test] to make a new extreme-high in a bull or low in a bear- is over.
