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True. During the 17 year span from Jan 1982 to Jan 1999, buy and hold on GE earned more than ten times as much per annum than it earns now. Ten+ times! The overall gain was 4,500%, compared to the measley 50% gain we've seen since Jan 1999. No wonder everybody was in the markets back then...

How much would you have to beat it by to consider yourself successful? Keep in mind all the commissions you'd be paying, as well as the stress of daytrading if you decide to trade that frequently.

Quantitatively, I mean. Here's an example: Suppose you bought GE stock at the start of January 1999 and held it till yesterday (the highest adjusted close AFAICT). Your buy-and-hold gain would be 2.5% per annum. So what is the smallest multiple of 2.5% per annum would you have to see from an...

http://www.elitetrader.com/et/index.php?threads/just-show-me-one-mechanical-technical-analysis-that-has-been-profitably-backtested.147576/page-5#post-2218032

BLASH is best associated with S/R trading. How else to determine what is "low" or "high"?

Not a trading strategy. A trading strategy is a detailed plan stating exactly when to enter and when to exit a trade. BLASH is at best a metastrategy, like "trade with the trend".

Not sure what you mean. By quality do you mean the choppiness of the data? And what are you inputting to, if I may ask?

Smoothing price data prior to use as input is a very good idea if you're inputting to a trend indicator. The key is to use a fast smoother to minimize lag. None of that 14 bar nonsense. I use a proprietary adaptive moving average which works really well with a lookback period of 5. I apply it...

His numbers don't make sense. 86.7% of 160 trades is not a whole number but it's supposed to be.

Nothing good about proposing Fourier analysis as a tool for price analysis.

What type of performance would you have to see from an outside strategy to make it worth your while?

Yeah, how dare TA be available for free! :mad: They should charge money, like Price Drivers! :D :p :D

"Can one get rich on stocks using technical indicators alone?" In a word, yes. Of course an indicator will only give you the timing: when to get in and when to get out of a trade. You still need a position sizing strategy to tell you how much to trade. Go to the Risk Management forum for...

It's a pity we don't have a Hall of Fame for single posts because this one surely qualifies. :)

You don't understand the new Kelly formula, imbecile. You certainly can't explain it, nor debunk it.

Wtf does that have to do with TA, shit-for-brains?

Too soon. Seriously. You have to take advantage of good days to compensate for bad days. My suggestion: Daily loss : $300 maximum. Daily gain : $300 minimum, $600 maximum. If you're struggling to make the $300, by all means stop there. But when it comes easily and quick like today, go for...

Did Al Gore create the technology behind the internet? Of course not. Did Al Gore make possible the maximization of the internet through federal funding? You bet he did. Internet pioneers Vint Cerf and Bob Kahn noted that, "As far back as the 1970s, Congressman Gore promoted the idea of...

Exactly. I haven't seen a load of BS like that since Jack Hershey was in his prime.

Depends on how you compare them. If you compare 200 minutes to 200 days, sure they might look the same. But if you look at fixed period, say one calendar year, you're looking at 252 points on one chart versus 252*6.5*60 = 98,280 points on the other. The 252-point chart is going to look a lot...