Perhaps you should ask @Slope Trader. For me it is a better way than drawing trend lines. He is doing us all a great service reposting @volpri's thread. This post within that thread should make you very happy you are a follower of Brooks:
do not complicate trading. locate the trend identify it. you can do it with eyes with trend lines with ema and maybe many others. but you need to locate a trend,small or big, noise or music, before you do anything else. then enter it . you can wait for a pull back or you may not. then take your money and laugh to the bank. do not lose the objective of what you are trying to do. i draw trend lines to find a trend. i then decide what to do. that is it why this argument about BROOKS WADE padu trader. trading is easy simple. but is not about clicking buy sell randomly.like my friend here suggested you do. it is about trading a trend trend lines are a beautiful way of finding the smallest of trend.
traders say 'oh i am a trend trader.' what other type is there? but if i ask "ok what trend are you trading ?" 90% of them will have no answer. no wonder 90% lose
traders will trade what they see what they know and that is always hindsight. no one can see the future to trade it -you can only trade the past-so Nostradamus must have been the greatest trader ever
traders will trade what they see what they know and that is always hindsight. no one can see the future to trade it -you can only trade the past-so Nostradamus must have been the greatest trader ever. but do not trade in the past. trade the past there is a small difference. but a critical one.
trading the trend is simple plan but it is a trading plan. provided you know which trend you are trading
you exit when the trend ends. the stop must be put where the trend ends. that is not easy to know, when you take the position, though sometimes it is known. so wait for the trend to end and then exit the position. putting a stop some where is not risk management it is ideocracy. there is no risk unless the trend has ended