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What you "believe" or even what I "believe" doesn't matter. Facts are more important. If you doubt this then spend a little time studying the 2005 and 2006 P&L threads.

LOL. I trade from Qld Aus, so my ping is 170ms. I'd like faster but the speed of light and routing gets in the way (damn :)).

Let me give you a simple example. For 1998 until 2004 you could trade a spread between European Markets and US Markets. Basically you traded away the volatility (the gap expanded during the Euro morning and contracted once the US opened) and your risk was trend of the spread. It worked...

Because you can't do the analysis or make it work doesn't mean that others else can't do the analysis or make it work. But that's just as well or trading would be easy, right? To each his own :)

But in many cases the underlying principles need not change - you just need to tweak the parameters.

The holy grail, such as it is, may be found in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=76477

Pf over 2. Win rate over 66.6%. >5 trades per day. Makes money 19 days out of 20. Scalable to deliver more money than I want. (and I've found it :))

The rest of your post has value but the opening statement is rubbish. If you can draw a trendline with a given set of drawing rules and when price reaches it there is a predictable reaction then they have predictive value. So, if you can say that, for a trendline that has been touched 3x...

How can you tell? Try following the P&L thread. Thats the closest you will come to knowing.

You are full of crap surf. I follow the trends and its been a fantastic month so far. Wonderful !!!

When you run out of 20c pieces you have to earn some more. Time to find an off game job. A paper round anyone? Re "everyone is out to get my money" ... to me that's quite paranoid, the other players couldn't care whether they get my money or not, nor I theirs ... but it also fits the...

No.

Ignore me. Follow the P&L thread for a while. Some of those guys post an opinion from time to time. :)

So, you'd accept: "Trading is like a video game that punishes you for your mistakes"

To put software and flawless in the same sentence displays a reluctance to accept reality.

I use IB. I'm not sure the advantage will be that real. The short term noise in the hsi prices might reward intelligence over better quotes. Also, the latency in a link to TT in the US will be a disadvantage vs any HK resident traders if speed of response is key to their strategy. Will...

LOL. Damned hard to tell who those people are given most of us don't post our P&Ls. On a serious note this resource is worthwhile.

Surfer, If you were serious about keeping the thread on topic you wouldn't have said "how typical and weak" or accused the other party of libel. You sir, are as much at fault as anyone. I don't give a fig whether the thread stays on topic because the topic is already beaten to death so at...

Some prefer to take both options. Half on target. Half on trailing stops. I tend to use targets when ranging and move to trailing when its broken out.

I had no feed issues BUT I run off the HK server and don't collect data during US hours. So I suspect I don't add any information.