That is a child playing with a toy. Image of Padu driving with a car he will never have if he doesn’t take it more seriously ASAP.
counting legs is a Brooks idea. why count legs? trends do NOT have legs. it is corrections that have legs so it to manage corrections, that legs need to identified. also any move which has legs, which can be clearly identified, is deemed to be a correction and can be traded, in much the same way, ATB. if you understand this concept correctly and totally then trading becomes easy since there is no doubt as to what you have to do and when you have to do it. since somebody is taking the other side of the transaction, you will not win 100% of the time, since the other side is taking the lower probability side, you will have higher probability and a higher win rate and a RR of 1 on your side. this is Brooks method and if you think Brooks is a fraud then the loss is yours.
brooks did not say THIS BUT I NOTICED that once a reversal has taken place on a larger time frame, the same reversal needs to happen in the time frame you are trading in
good question. yes and they all fail! but one succeeds and that proves what i just said. if that is confusing that is because it is. that is why Brooks and only Brooks can trade his method. he is looking for someone to carry his name into the future and that is why NOW, when he is old, he teaches so many traders. he is King and he is looking for his Prince. I am HE. and watch this space i will prove it. the irony is i too am old. i am willing to bet he is a Pisces like Einstein. i will ask him when i meet him eventually
Can you link the article or post where that quoted screen cap came from? I'd like to read the whole story.