kennynah wrote:
but if i had to pin point...i'd say, the breakout principal...to me, it's too late for swing trades...bcos, usually, by the time price goes above the "handle", it would have been quite far away from the low point...
Ha Ha ... I never really understood that part, so I never use that part.
I also always have difficulty visualizing the cup and handle
Anyway, I do find the rest very useful, especially "N", News, which I think is stronger than "M", Market Direction.
And I never use it's 7% Stop Loss rule