It's too early to say that it's the holy grail. Based on your calls it looks like you you base your calls on long term support and resistance levels. They work well until they don't. In general your post gives me the same vibe as @stockpredictor had in his posts like https://www.elitetrader.com/et/threads/prediction-based-trading.351176/page-58#post-5641901 He was doing well and was bragging how good he and his system is until he lost a lot of money. After that lost he never recovered and gave up with trading. Be careful
I watched that guy's trading and when he first appeared I knew he is a bad trader.
He could not predict market and was clueless about market trend.
Check his trade entries, whenever stocks up he short it, and stocks down he buy it.Fighting against market is his method.
His method is garbage, has no comparison with mine.
Your claim that my strategy is good only for a short time period is baseless.My strategy can catch the start and end of every short term trend and can deal with any situation and any long period .
My method is based on support and resistance? Then the August market retreat was also at resistance level and why my system still said the trend is still up?Check my posts in that thread and I said at August retreat that market trend was still up.
The support and resistance level TA is garbage and 100 times worse than my method.
Anyone who could not judge that bad trader when he first appeared,he can't judge a good strategy.
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