Disliked{quote} What did you expect? You were buing on downtrend and you wanted to win? This strategy will never work against the trend.Ignored
If you actually spent some time going over the strategy yourself you would not make such rash statements as that. Yes I understand what you saying. The age old saying, the trend is your friend etc etc... However, I am making decent pips trading my own version of this system, and I promise you this - If you are not greedy and remember that this is primarily a scalping method, then there is no reason why you cant make your pips, even against the trend. Nothing rises or falls forever - so why cant you profit from the pullbacks... Remember that.
To put into perspective, I made 3 trades today totalling +40 pips. That to me is a fairly good day, especially in August when volume is lower than usual. Oh, and it was done in 3 hours and then I was done for the day...
On the other hand, yesterday I took +15 pips from a EJ trade that ended up going on a bullish run of over 100 pips... and you know what, the entry was at the end of a fairly agressive bearish run. I traded against the trend, and in doing so managed to get in at the bottom of what was to become the new shorterm bullish trend...
Green pips bro.