GTS, The problem with that is the reversal trade has only happened about 3-4x in the last two months.
LOL.This is exactly what's going to kill him. After 2-3 losses he will figure out "cycle" changed, he will start tweaking the system and game is over for him. Market will tear him apart so efficiently he won't know what hit him.
okay i'll try not to go into an ALL CAPS FIT OF RAGE AT THE STUPIDITY ON THIS THREAD.............okay now take out your crayola's and do the jack hershey drill of drawing the zig zags and counting the points on es..........how many points did you count, 20 to 30 points and more of movement each and every day..........now lightbulb goes off and traders thing hey out the 20-30 point move if i can just make 1-2 points a day and size up I'D BE RICH!!!!!! calm down because you have and opportunity to both make or LOSE 20-30 points a day........same with 1-2 points a day, you have an opportunity to make or LOSE it everyday...........so you have to have a laser like focus on not losing money........even if you get trigger shy so what its better than going for it and taking loss after loss after loss.............know what you're doing and do no harm.......forget about the money or the points....all that does is mess up your head.
Come on guys, you know what has happened .... the same thing it has had happened to all of as once or twice.... Let's hope he learned the lesson and is still standing.