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I couldn't find a section to discuss bonus videos, so I'm putting this under the "general" category.
At around 18:30, Al says: If the market breaks above the II pattern, it's a buy. If it breaks below, it's a sell".
I am confused about this. Are we ignoring the context here and taking a trade simply because of the fact that it's an II pattern and it broke? If the market is not supposed to break upside here (eg very strong bear trend), would we still buy if the pattern broke upside?
I thought so too, Carpet, but Al says again something quite un-contexty if you listen to the same video from 21:02 to 21:41.
II, market went below the last bar of the II, triggering a sale. The entry bar ended up a strong bull bar, taking out your stop. At which point Al says, reverse and go long. The context hasn't changed. How can you reverse based simply on which way the II broke?
And the same again from 31:01 to 31:20.
