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Brett Steenbarger posted to his blog the other day some stats on daytraders. It should give some insight into this question. According to one 15 year study about 13% of daytraders are able to turn a profit after fees in a given year, but only 0.28% are able to do it year after year after year...

GBP/USD anyone? :) My 30 day is -19 but my monthly NL is not "confirming" this breakout. Thoughts Mav?

TLT confirmed for me over 2 weeks ago. My 5 day triggered on Thurs last week as well. What happened with your NL's on usd/mxn? Did they ever confirm ahead of the strength last week? I remember you said it had been close to confirming a few weeks ago. I never saw any signs on strength...

Don, I'm quite new to ACD and still trying to get a feel for things so don't take anything I say as gospel! I've read the book and the thread and am only a few months into the scoring and spreadsheets. I use the London OR for everything and have been using 30 mins and tracking the whole 24...

After nearly resetting, U/J looks good again and confirmed for me on the 5 day a week ago. As for dollar-peso I've been confirmed negative on that for a while so was not looking for strength there. I don't track the Lira yet. GBP/USD confirmed yesterday, and the 5-day on that has been on...

GBP/USD has reset for me, so confirmation is negated. USD/JPY dangerously close to a reset. For indices, RUT despite it's weakness it's number line is holding up, currently a +7. That is promising, but it has confirmed a monthly A down and it's 5 day hit -6 last week. So mixed signals...

I had skipped over the ISEE stuff when I read the thread but will go back to it once I get a better grip on ACD. So I had nothing to add about that. Bonds had reset for me but now close to confirming again. In currencies USD/MXN has confirmed on the downside for me! The Aussie had reset...

Since GLD was confirmed and I didn't consider the monthly to have failed yet, I was looking to get in on failed A downs. Going into the week I figured it was too late to put on a swing trade. The monthly A down would be the stop for a swing trade and that was too far away given how close the...

I didn't know if it was close enough to the A to call it a failure. I know it doesn't have to actually touch the level to fail it, but still it's always personal judgement as to how close is close enough. I don't have a confirm on futures, but GLD is confirmed for me, so for that reason I...

Forgot to mention Cocoa looks good to me. Bounced off the monthly A down last week. Gold *was* looking good until today! Is a big move like this something to get freaked out over, or is it still good as long as the monthly A holds?

Yeah, I had read some comments from you earlier in the thread about keeping things relative. So I had also considered using GLD and USO instead of GC and CL. I did take a quick look at GC vs GLD and they seem pretty equal. Some days one will give a 2 and the other a 0, but once you broaden...

I've got another thing that's been bugging me, and wondering if other guys have the same problem. That is, scoring charts for products that trade round the clock. On gold for instance, I'm using a 5min OR beginning at the 8:20 EST pit open. I find myself pausing when action later in the...

Wow, quite a difference between our MXN numbers. I'll have to go with yours over mine so looks like I'm a bit "off" on that one, lol... The only other currency I'm tracking so far is EUR/USD. It was confirmed to the downside for a while but reset for me back on June 30. Made a monthly A...

Ok, thanks. The 5 day has me on guard with this one. I got a confirm on GBP/USD last week. Just ran the numbers on USD/MXN, I get -5 on the 30 day and 0 on the 5 day.

So Mav, Since I brought it up earlier, what do you think of USD/JPY here? It was looking really good for a breakout but since failing at the Monthly A-up has run into trouble. I had negative scores for every day but Friday this past week so my number lines have taken a hit. My 30 day...

Awesome! Glad to see my number lines appear to be "working".

Hey Mav, what do you think about USD/JPY? I've had my eye on it for a couple of weeks. It seems to be going nowhere but my number line has been strong despite that. So I have been thinking failed weekly A-downs would be good plays on this, or a breakout on a monthly A-up in July. July...

Mav, In the past you would mention that didn't use a rolling 30 day number line but used a monthly NL that reset each month, and gave some reasons for that choice such as the time horizon of your trades being such that values from 6 weeks prior were unimportant. But from your posts over the...

I don't think anyone would try and refute that you did it. They'd just say you could have made more money in a job. Like if it takes 4 years, they'll say "Yeah well you only made 25k a year!" Most guys want to get rich quick. So they are probably wanting to see someone go from zero to 100k...

I've read the advice given in the past on here to set your OR size and A values such that they complement your trading style (breakout or fading) and the logic of it makes sense to me. But that is for the levels you trade off. Is there any similar advice regarding the OR size and A values you...