With due respect to AL brooks for his great contribution to the price action and for all day traders, one question lingers me, and I am not able to find the answer in any of his books/
trading room chats/
It is about the 18 bar breakout. I am not able to find the (research)methodology he had used to arrive to pick up 18th bar. Even though , i presume it should be much more than observation study I am not able to find any reference to this. With my limited knowledge about him, i find him to be a personality of striving towards precision and perfection in day trading and i am sure he would have had some excellent rationale for identifying the 18th bar!!!
if any one knows answer to this query, please enlighten me!!!
Implication: As I am trading the Asian market and many may trade other than US market, if we know the rationale, then we can work on the analogs of 18th bar in different markets
thanks and regards,