No guarantess that it will work in the future... However having something that has proven to have worked previously is better than having something that has proven to blow your money before... agree??
Maybe you can get it to work, but I just don't think you'll usually get a good price, and in any activity in which the aim is to profit, a good price is crucial. I do believe that there's a sweet spot, i.e. not too early and not too late, and we have to find that sweet spot to be successful.
The strategy isn't useless as I do something similar myself, I just don't wait that long to enter. I suggest watching the price action around the pivots to give you earlier signals.
Me neither.
Its the CURRENT Peak or Trough which cannot be certain---certain enough to trade off.
Until price breaks past the previous higher high or lower low, at which point the current peak or trough is confirmed to be a peak or trough. This is when Fapturbo would be entering (assuming we've had a run of LL+LHs, or HL+HHs). However, at that point the current peak or trough becomes a past peak or trough, as the break to a new LL or HH starts the prediction of the current peak or trough.
Not certain enough to trade off? Trading off a current peak or trough is exactly what I do. I aim to identify it just as it has happened, and get in on the early part of the move of that wave. I must misunderstand you though as this is far from unique. I'm sure most traders aim to try and catch a pivot and ride it to the next pivot.
You'd be going against the trend there. We've just had two minor lower highs and lower lows, which was possibly a major lower high in itself, and on its way to make a new low for the chart.