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yes, agree 100% hey, rcanfiel, listen to smart guy aka ProfLogic! It's much more useful than discuss whether something work/do not work.

'There are many who claim so, with little evidence. In reality, it is believed that most trader use TA and most traders lose their money. There is likely an interesting correlation here.' Coorelation does not mean causal relationship as you of course know. Traders can think that they use TA...

there is no such thing as 'TA per se'. There are TA based trading systems and strategies. Your request 'prove that TA works' is equal to 'give me profitable TA based strategy for free'. He-he :D Nobody will share profitable strategy just to prove something to somebody. Do you understand it...

John, have you generalized WGSR to the daily scale?

Are you sociologist? Or may be trading psychologist? :)

it is possible read posts by harrytrader. His model is an ultimate one. Read my journal http://elitetrader.com/vb/showthread.php?threadid=95127 my model is coarse approximation of harry's stuff. The core idea is the same but realization differs. Read also posts of my2cents, his model...

Argee The peak of this career aspect is working for big hedge funds. The honorarium can be huge, Tom DeMark and Robin Mesh are good examples.

'Phantom of the Pit' by Simpson

I cannot speak for all traders of course... I own the trading service and my service is much more expensive than average avialable in the Net. Why I do it? Simple. I do my analysis before each trading session for myself. Than I send the results to my clients. I waste about 1-2 minutes per day to...

Spyder, equties method uses 'stock universe' (EPS ranking etc). My question was about futures intraday trading.

Guys, is it possible to trade JH method profitable on consistent basis using only the basic stuff: channels and PRV? No 2min YM, no STR/SQU, no DOM, etc.

Guys, you are talking about channels as primary trading tool. Traverses, etc. Price moves inside many channels at the same time. I can suppose that almost every 5min bar can be potential FTT bar for some channel. How to know what channel is "true price operating channel" NOW? This is the most...

I don't know what do you mean binary. Objective in my view is using math only not an opinion. You can explore my journal and see an example of objective trading method. However the core of the method is math model not classical TA indicators. But my model works with past price data, so it is TA :)

Do you use Ross Hook as confirmation signal?

Market timing is about using market patterns and cycles, not about Joe's, yours or mine comfort.

it is not a theory and definitely it is not market timing. You can be comfortable with this trading style and you can even make money... but in which connection is market timing???

Several years ago aka harrytrader posted here, on ET. He did not disclosure his method in detail, but his post help me to develope my own model. Now I hope that I can help others. If my journal is clueless for you, just ignore. don't read.

Advice? Yes. My advice is: plan your trade trade your plan. The second part is about psychology. The first part is about proven trading strategy. It can be automated or discretionaly. For daytrading IMO the best solution is combination of the trend reading (where is Market going now?) and...

day trading is not about trading every 10min. It is about market timing and correct trend reading. Surely it is not buy and pray game...

Do not forget Enron and Worldcom. Always bounce??? :) Lookat TASR, MAGS, IPIX. Look at NASDAQ bubble, any stock. Your advice is the way to financial death - buy&pray