There can be 3 entries: Counter-trend, Anticipative PA, and Reactive PA.
IMO, JL popularised RPA. An approach that was counter-intuitive at that time!
But today, a majority of trading as RPA (i.e. when new H or L are breached). Hence, this trend is then likely to get exploited by smart money--by generating Fakeouts. Or by selling near ATH/ATL.
My question is: Does this imply that the "Edge" now has shifted back to APA (i.e. buying on dips in direction of overall trend)?
