3 phrases of trends: which is low-risk & high-rewards?

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.

 

you do not need statistics to support common sense.

if you do need them you can find it from historical charts.

 

i think it all starts with a reversal pattern.

so you enter on the reversal and put a stop below it. you now know where you are wrong-if the reversal bar/pattern get taken out, you are wrong and you lose the least.

controlling your loss is all you can do with trading.

this sounds wonderful but it does not work go figure.

taking all signals do not work.

 

the reason why most fail is, because they look ath what PA does, rather then go by sentiment, important levels. With my methods I can predict wheter a correction is a correction or the beginning of a reversal more than 70% of the time. But hey, who needs sentiment and important levels when you can do what everyone does - looking at a chart and indicators.

 

Looking at PA involves looking at important levels and for corrections/reversals.

 

there are ranges in trends and this trading range price action is sign of a correction.

buying at the low of the correction in a bull is the best way to enter a trend. and with the least of risk.

of course you can also buy the breakout of the correction but then your stop goes below the low of the range /correction.

 

Not many if you know when to exit.

 

well you know it all.

 

With historical charts, I batted 1000. Real time is a different story.

 

Enough to be consistently profitable.

Of course I only have 11 weeks of live trades and you have 30 years and I can't compare 11 weeks to 30 years of profitable trading.