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A simple system in trading is not a goal by itself except if you are lazy :). It has to do with robustness of the system. It's like Ocam Razor rule in Science. Keeping it simple means concretly that you have a minimum of independant variables so that you would not be able to do curve fitting...

>You wait till the opponent makes a mistake then you take >advantage of the other's mistake and lead him into his defeat. Yeah I think that's what Market is waiting with us :)

see my post here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=10453&perpage=6&pagenumber=23 The Deming Wheel (or P-D-C-A Cycle) Ch 3 - 13 © 1998 by Prentice-Hall Inc Russell/Taylor Oper Mgt 2/e Identify problem Develop plan for improvement...

I didn't read the article yet so it is a general remark. Why do most econmist explain us something AFTER the FACTS when it is too late :) As for myself, I have an interesting story about that. I once organised at school a serie of conferences about quality management. I invited a guru who...

I said "never again" :) And now I am only focused on risk not on gain. Trying not to lose is better than trying to win, and by moving to this approach you should better climb the hill of success.

Is it a good question ? Why do people ask themselves those kind of question (I don't exclude myself :) ) : is it because they feel somehow guilty ? What does it change to know the answer ? I have always said to myself: thing is worth only if it doesn't stay in abstraction and makes you act. So I...

Yes :)

I don't understand why you talk about "conspiracy theories" : what's that kind of argument it is ? I talk about specific facts only. If you are scared of facts exposed well it's not the fault of any theory :). Some people in Finance are very smart it doesn't mean that all are smart and as I...

capitalism has to do with capital :) So it is not so ridiculous if one can get bigger by some sort of capital and also risk mutualisation. That's in fact the very foundation of finance industry: mutualising capital and risk. The problem is confidence into the person who is doing it.

That's what the banks do and it's legal for them but for you is another story :)

What do you mean exactly with europe :) >I would encourage to travel to europe. I thank GOD everytime I come back to the United States.

Unfortunatly there is much more than morality, stock market has also to do with criminality and terrorism : read for example this story on skolnik site (the one who made arrested dozens corrupted judges ! ) about the BCCI, the terrorist bank that is now officially broken (in fact it continues...

Write a journal: before taking any trade write the reason you are taking that trade, if you see no reason, well ... :)

The reason I speculate myself although I think it is an immoral activity is that you can't fight speculation without using its own arm. I want to take money from this immoral temple and give it back to the economy. I don't need to be very rich myself as I don't want to get used to extravagant...

Economy has nothing to do with moral, and it doesn't have to cope with morality but with efficiency. But generally, when morality is violated, efficiency diminished.

Nicholas Kaldor, an eminent economist made research about that. It goes far beyond the admitted pundits of speculators assuming risk. Speculation is useful to society only if it is contained but when whole society speculate (not only at individual people but above all at institution level ) well...

But were the ascii datas ? I'm interested to get them to make tests when I will have time to do so.

I didn't participe: I have absotly no intuition at all :).

I propose that you repeat the experience 30 times with Quiet1 to see if it was random guess :)

When enough people will be accustomed to the charts, I will talk about trading plans because Trading System focus is different from prediction focus. For example, in trading you focus on risk control not on being right on a prediction. The consequence will be we will not try to catch the...