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MA's are tools, some make use of them and some don't. I use them as geographical reference points and dynamic S/R. When my 20ema is flat, I am flat (unless it's a zone entry off a measurable leg)...some will scalp ranges, I don't.

The thing with reversal patterns, H&S, Wedges, DT's, DB's is they have the potential to reverse. They can just as easily evolve into a trading range or in the case of your example, form a flat base bear flag and continue down. Good risk/reward as a tradeoff for likelihood of successful reversal...

Dest and M.W. showing some mutual respect after their knife fight in a phone booth...nice to see :cool:

If you've done the heavy technical study and testing then you may know how to trade. The trading itself is a whole other ball game and where listening to guys like Eric Thomas, Eddie Pinero, Jocko Willink and David Goggins can be of great value.

Yeah, I like that guy.

Nice of you to offer but I'll pass.

:D

Better to spend time working on your own game than speculating within these threads on who is or is not "legit". Someone else's success or failure has little to no effect on our own.

The effect in search of a why.

:D

ET lol

Certainly nothing wrong with that kind of anecdotal stuff...Peter Lynch would approve but what Simons and his high octane gray matter staff of scientists and mathematicians found after crunching endless streams of data was that asset prices exhibit repeatable, recurring patterns. We traders...

I wish I was 60 :p

You're a stock trader VZ, for a futures day trader trading one instrument...less is more.

Losers find sad solace in the belief that everyone is a loser.

There are any number of ways of looking at the same thing. A mathematician will see it as a math issue. If one is analyzing hundreds if not thousands of issues, it would be hard to argue it's not the most efficient way given robust modeling.

Losses are inevitable, yield is based on net.

20% of what? Cash on cash or levered capital? Cash on cash, highly unlikely. levered capital, sure, that and more but it requires a lot of experience, skill and discipline.