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You could make that argument if I was trying to tell people to trade with soup because soup contained magical math properties that lead to profitable trades. But I see why you might still be confused since you don't seem to have quite mastered analogies yet.

You're still failing to acknowledge the "legion" of profitable trading methods you know exist. How is it such a big deal that I've encountered a few when apparently there are legion in existance? You're obviously just a troll and aren't interested in having an intelligent discussion since...

Can you read? I said "fewer than 5." Also, "fewer than 5" is nothing compared to the "legion" of profitable methods you supposedly claim that exist Know how I know you're not a profitable trader?

Ok, I'll tell you the secret. Big players use the indicator shown in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=192786

On the contrary, people are extremely protective of trade secrets. Oh wait, are you one of those "[insert indicator] can be profitable if blah blah vague conditions" people???? In my experience I have seen fewer than 5 methods that are profitable. Hardly "legion." And most of them are not...

almost as stupid as saying "method is 5% of success."

I explained all this in the other thread, but yes.

MACD (6,17,12), Fast Stochs (30,10), and a 20 period Hull Moving Average over the price. I'm kidding. First of all, big players don't use indicators, and second of all, if they did, they sure as heck wouldn't tell anyone their secrets.

Journal of my method I discuss here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=192348 Friday's trades (chart: green arrows = buy, red arrows = sell): http://www.elitetrader.com/vb/attachment.php?s=&postid=2756583 Friday's PnL (PnL screen)...

Indicators react to what the big players do, because big players drive the markets. There are no big players who are like "OMG MACD JUST CROSSED THE 0 LINE LET'S BUY!!!" or anything like that.

Won't a straddle make money from sharp moves?

This again? Method is 100% of success. Bad method, no success. Good method, success. JH's method is not profitable. Woodie's method is not profitable. I understand that some people like to throw around "well it's more than just the method, blah blah, you need things like the...

Except for all the times it doesn't work. That's actually a good piece of advice.

PnL for the day. 9 contracts total in that one trade, but I averaged down, I didn't do 3, 3, 3.

Today's Trades. There weren't many places today where price actually retraced to one of the fib lines, but I finally got a small retrace so I entered. The problem with doing these narrow-range trades like this is that the fib lines often don't match actual prices where you can buy. You can...

...unless when price hits the black hole, it gets delisted :eek: I mean, if light can't even escape from a black hole, I don't think the EURUSD stands a chance!

Buy when price approaches the black hole.

That would almost seem like a shill post if you didn't register 4 years ago :eek:

I've never seen a fib trader explain how fibs will be used before hand. I've seen tons of after the fact charts posted, and even I will admit that sometimes price reverses EXACTLY at one of the fib levels (of course, sometimes price also reverses EXACTLY at random, non-fib levels). But I...

Yes, but just to be clear, 2 points need to be made: 1) I am claiming that this is the only profitable method that happens to use fibs. 2) This method doesn't even really use fibs. I just modified it to include fibs so that #1 would be true. Changing the level to fibs was an...