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FWIW I do believe that the back test boys (and girls) can make money. And I started the thread to poke fun at them. Some interesting posts in the thread you linked. One from intradaybill. -ras72

The ideal, highest level playing, is unattainable to an individual. The simplified versions are readily accessible to someone who has spent months on it and come in many varieties. -ras72

Five months on and I've come to believe that trading properly calls for extreme levels of skill, organization, resources. This is directly visible to some or it can be indirectly inferred observing that it is simply not possible for a game where millions of participants try to take money from...

1. Nobody who is successful wastes time posting on the Internet or gives away hard earned knowhow. 2. Nobody on this site knows how to trade properly. The most insidious ones are those good faith, helping kind, frequent posters who think they know how to trade, or even worse those who actually...

I beg to differ from the largely negative replies to the OP question. As is known, at blackjack the expectancy varies with the composition of the cards in the deck (if I recall correctly my own studies as a kid, it's the ratio of sixies to figures and aces) By increasing bet size when...

Money only gets exchanged when a participant abandons his view and exits a position. Price moves (or is moved...) to induce such an event. TA provides the analytical framework, a shared set of tools and rules; mkt. decisions based on other considerations cancel out or provide a trending bias...

As the thread starter let me say: I view speculation as a deception game. The game has technical and emotional components. The market is entirely technical. I currently play spot FX, EURUSD only, 200:1 leverage. Flat to flat ranging from hours to many days. I am very deep into TA and into...

I illustrated in another thread of mine my diffidence towards back test, automation and the rigid "set-up and SL/TP routine". If you trade discretionary, how do you do it? What technical criteria do you use? How do you manage position? What is your underlying belief about speculation? -ras72

OK Care to talk about what shocked you? - ras72

Publicly available stats indicating 75% annual basis, new mkt participants, failure rate in stocks, vs 90-95% in futures vs over 98% in forex suggest direct correlation with leverage. Mainly a psy. factor. At 400:1, position can show change of hundreds of percentage points in a matter of...

Could you please provide details. I am interested in learning more. Thank you. - ras72

Order flow that is not dictated by technical considerations doesn't affect typical price dynamics. This "exogenous" order flow either cancels out or goes in sustaining the trend and so, for all practical intents and purposes, price movement is technical. - ras72

TA provides tools for analysing price. There can be no more flaws with those than with a wrench or a screw driver. Price movement is practically entirely technical. Exogenous order flow is accomodated and price quickly reverts to its established dynamics. Price dynamics in relation to TA...

Ok. My 'short' story didn't end well. I woke up to find price spiked past the 1.3746 level I was counting on. Judging by the Stops Run that ensued I wasn't the only one! Too aggressive and in too heavy. 60% loss. See more upside. Reversed and long at 1.3750. Accumulating. Let's see if I get...

12 hours into the trading week 20131209 EURUSD opened gap up, went up, then down below previous week's high, followed by rapid move to new high. For what little it may concern anybody the early up move stopped a few ticks below my limit sell orders so I couldn't lift the average price of my...

I use my own special TA recipe and add a grain of salt. :p

It's an approach I'm working on. Difficult to estimate performance in any specific manner as dependent on implementation details and part of an articulated process. Best scenario is exalting as one makes a profit to establish a position close to reversal point. Feels like climbing a mountain...

I'm currently running a short position, average 1.3683 (20 ticks underwater now) with 33% of equity, 400:1 leverage. I've been running it for a few days against the trend started from the 20131107 low, anticipating a reversal and a move to retest the mentioned low over 400 ticks below. My...

I might. In a way. And here's my assessment. Martingaling blindly every 'x' ticks adverse price movement is a fool's errand. However, increasing the bet upon adverse price movement is a viable and most effective approach to play reversals when coupled with appropriate risk management...

There is another way to trade without stops: Always in, continous add/reduce/reverse. It requires significant skills and low effective leverage. - ras72