basic trend following by Brooks and all technical analysts is a trend is in force until it is reversed. a reversal of a bull is when there is strong bear move followed by the test of the high and then a triggering of a lower high DT or higher high
Two Posts ago you said Brooks is always right and when you thought he was wrong, you had misunderstood
all you need to trade is this simple method. why write 3 books? though what he writes is useful stuff for the experienced trader.it is not for the novice
yes i did. but Brooks also says that you have to decide which trade to take. what he says about trading every market is true but it is also a personal choice
brooks is not easy to understand. he never puts anything simply: follow trend until it reverses. a reversal is a strong counter trend move, followed by a test of the high/low and a continuation of the counter trend move. this is simple but Brooks does not tell it like that.
When a trend is mentioned, how long is a trend? Because not all trends have (a) a reversal which is a strong counter trend move, (b) followed by a test of the high/low and (c) a continuation of the counter trend move. Let's put it another way, it's gibberish theory, as there are no predictable patterns in trading.
you cannot predict anything in this world not only trading. in trading, as in everything else, you only know anything in certainty, after it happens in hindsight. after there is strong counter trend move and the test of extreme, then you know that a trend has reversed- in hindsight. the new trend also can reverse