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Handle123, Yes! It's not even so much about the number of authors as it is the number of real traders that actually do this stuff. Toby Crabel is a real trader. So is (was) Linda Raschke who used to base her trading off of this basic principle.(she no longer does) The market is up 1,000% over...

Profit factor is one of the best trading metrics out there, however, there is at least one major drawback to the calculation that I haven't seen mentioned in this thread: Time. Peter Brandt is one of the best long term discretionary traders on the planet - his PF might be four? I'd have to...

I appreciate your passion. The interesting thing is that the same logic is profitable on the short side. (and has been for decades) What do you think about that?

I've never used the indicator but the entire Taylor Trading Technique is based upon a similar concept. Marty Schwartz, one of the greatest S&P traders of all times referred to it as 'the greater fool theory' A host of other well known traders rely on similar logic. It's also the departure...