Josi, I disagree with you...at least partly. Of course the Jurik line is tradable. I simply prefer trendlines because the price doesn't constantly cross the line and I can decide where to put them.......i.e. I get a clearer picture.
1) This is my actual trading chart, not hindsight. If I could trade the latter I'd make tons of money....With the former I get merely a ton...
2) Breakouts fail....Yes, in my experience mostly because people trade zoomed in charts. I zoom them out as you can see and get a much better picture. Consolidation..break...consolidation...break...trend...break......and so on....day in day out. Secondly I look for direction on higher TFs.
My breakouts hardly fail and the money I pay for that is small. Usually when I haven't paid appropriate attention.
Just to make my point.... last one Meyney.....
Josi, you could not trade that ...US30 European opening ....with the Jurik MA line.....Yet with simple trendlines it separates the erratic price action very well.
I scalp that every day. Love fast price action
