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I will dig, thanks.

Hi Jack, I like your optimism about daytrading. I will look more closely at the ES, etc and see if I can work out a way to take a point away each day as a start. I will watch YM as a leading indicator for it as well. As far as Gallacher being off base, that is certainly possible, but it seems...

I could be persuaded, but I'd guess that you'd have trouble convincing about 90% of the academic community. Of course they don't have to be correct, and in fact I hope they aren't. I do find it surprising that such an educated bunch would have it completely wrong. With that said, I really do...

Interesting point about edges existing in randomness. Care to elaborate on that. I can conceive of such things like the trendiness of a random sequence, but possibly you have something else in mind? Thanks

Hi, I may not be a trader per se, but one thing I do know is that to obtain excess returns requires one of two things: Luck and/or an advantage (read edge). You can't simply do better than the market without one or both of those. If you personally make consistent money trading, I suppose this...

That is excellent. Congratulations. Sounds like you're living the dream, or you're almost there anyway. Great job... May I ask what type of inefficiency your system seeks to exploit? Let me clarify: I don't expect you to say how it does it, but is it some kind of intraday mean reversion...

Great, so you trade based on what you see in terms of support and resistance then? That certainly isn't easily quantifiable from a testing standpoint, but that isn't to say it can't work perfectly well. I have a propensity for keeping things as objective as possible, but fully realize just...

No worries, brother. Speak on. I'm personally interested in anything you have to say. Don't worry about hijacking the thread. Anything honest and intended to be helpful is welcome in my book (thread). Do you trade automated-only? Do you live from trading or does the ATS allow you to keep a day...

I'm all for optimism so long as it's warranted. I'm trying to get there, any tips on how to be sure your edge is in fact what you believe it may be? I agree about the perfectionism as a problem part. In the scientist/skeptic in me. I'm trying leverage that without letting it ruin what might...

Great, I'm glad my thoughts resonate with some of you. I will read your thread in a little bit. I have been demo trading and I mentioned earlier that I do find some pretty promising tendencies but I see enough variation that it forces me to assume that it's no better than the null hypothesis...

It depends on the language/software, but I am fairly capable. I definitely have the capacity to learn it at the least. Any particular reason you ask?

Interesting... unkown unknowns are the worst kind... I suppose this is another thing I'm trying to find more about. Am I missing some things that I don't even realize i'm missing. Or, potentially worse yet, are some of the things I KNOW really bunk... I know Soros would suggest much of what we...

Hi nazzdack, That's a fair comment. I don't expect shortcuts and I have a whole pile of wheat to separate from the chaff. I believe I already know a lot, and am currently in the process of weeding out the uselessness. I suppose it's the small nagging prospect in my head that wonders if it's...

Thanks for your post. I suppose an issue of mine is try so deperately to understand things and have a hard times just going with the flow. In other words, assuming I did find something that worked, I'd need to convince myself of why it works before I'd even trust it. I know this can be helpful...

I find myself drawn to the idea of attempting either intraday or short-term trading on minis like the YM, TF, ES, or NQ. I suppose my approach is simply looking for patterns either over the course of several days or even solely intraday and testing them in multiple periods (present, past, and...

Thanks for responding. Thanks to all that are taking time to chime in. I have read Aronson's book and find it to make complete sense, but similar to Galacher's book find it somewhat depressing that this is the case. I know, I know, no free lunch but these authors make it seem like you'd have...

I guess I put everyone off by making my posts too long. Sorry about that. Anyway, I hope some take interest in this thread. Surely there are some opinions about some of the questions asked. Thanks for your time.

I suppose in my rush to create my first post, I left out the possibility of combining fundamental information to technical systems as an edge type. I mean, I know some say (Including Gallacher) that you can trade technically so long as you have a valid fundamental reason to go in the direction...

I'm new to actually trading, but have studied for quite a while. I'm a pretty sharp dude, but just haven't pieced a necessary pile of knowledge together yet and I hope to get help here. I know there's a lot of negativity here and I aim to avoid attracting it. I do want honesty even if it's...