Thanks for the support; don't pay any attention to me, I'm just rambling... It's just a generic quote that I have heard over the years; it actually gives hope to breakout traders ...
I think what he is saying is that most "break outs" are actually liquidity hunts. Stop hunts, or whatever term you would like to use. That break to the bottom surely proved to be ...
If 80% of breakouts fail what about the other 20%? Do they break out with big volatility and unlikely to return to the entry? If so, I'll take those. But maybe you mean trend ...
Went to sleep during LO and my AJ long was stopped out. Picked up EJ in US though, was going to hold it over the weekend but closed it after I saw it was up 90+ ...
that was a good trade...