That can work if you cut losses and let winnerz run, assuming moderate position size. You might want to consult with one of our resident Quants for confirmation, however. They are the experts.
1) Don't trade via TA alone without market context and don't trade TA alone without a proper trading plan. So far in this thread you have not said anything about market context and you have not said anything about a trading plan. Yet, you have mentioned how a hypothetical trade would have resulted in a loss. Simply, if you're going to discuss trades or how something would have been a loser/winner...you should at least mentioned the market context and trading plan involved. 2) Trendline breaks are not trade signals all by themselves. You need a trade signal. Thus, if that trade signal doesn't appear when that trendline breaks...it ain't no trade. Just the same, if there's no trendline break when your trade signal appears...it ain't no trade. 3) Learn the difference between trend continuation trading versus trend reversal trading and then make a decision prior to entry about which type of trading the trade will be to improve your trade management after entry. 4) Trade Management after entry is critical. Therefore, minimize your losses on losing trades and let your winners run so that your profits on winners are larger than your losses on losers. Simply, don't make the mistake of only talking about how you enter a trade. Thus, put the exact same emphasis on your exits or more. Map out your destination prior to departure to prevent getting lost/confused. All the above will get you above the 50% accuracy on most trading days and will help you to be profitable on other trading days when you're near that 50% or a little less. P.S. Don't forget the price action area of your losing trades whenever they involved a key change in supply/demand. The price area of those types of losing trades pack a wealth of information and can be still exploited later in trading as support/resistance areas if/when the price action returns to that price area.
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Exactly; a]Alan Farley said it wise=Bears [downtrend]live below 200day moving average;;Bulls [uptrend live above 200 day moving average%%%%%%%%%%%%%%%%%%%%%%%%%%% b] I love to study trends ,divide them up into[1] UPtrend[bull market200dma] [2] downtrend BEAR market/200dma[3] sideways Trend -slop chop trend, aka range or whip saw trend, which i hate,LOL.Option sellers may like them,LOL c] Its really that simply, DOW theory, William O Neill[IBD founder,2oo dma again,market Wizard/Schwager] helps also.Wisdom is profitable to direct. STUDY open HI,LO close,ALL data; to simplify,,,,, measure from close price.................................................Good question, Kon viction Trend Trader. NOTE ; he wrote,,,,, live below 200dma/above 200dma. One dip /blip above 200 dma close not mean a bear market is over , but bears ''live below 200dma''[simple dma,weighted dma, ex,any 200dma]
%%%%%%%%%%%%%%%%%%%%%%% No one said it was easy, IBD -William O Neill compared it to med school; then comes internship/low pay, maybe a payoff after that. Study rule of 72, then work 12 hours aday, 6 days a week/72 hours a week; coin flip may help if its a 1964 JFK silver $$00.50 [half dollar].Plenty of money has been made by turtles with a 44% accuracy/hit rate or LESS accuracy. BUT when you do finnaly get to ride a trend, it could be like QCOM,MSFT or [ silver uptrend, up from $8 area to $50 area];; or downtrends like BAC or penny stock C[reverse split X10) to trick traders into not realizing its a penny stock/under $5.00]