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Geez. Enough already. Be humble. Posting a chart that claims to show a system that is like an ATM machine is like begging for comments.

You took the day off and you didn't even try to find your old statistics class textbook? :D

What is the given time period? How will Gordon be able to tell if you are living up to your end of this offer? :)

I guess you would approach it differently only if you previously said "well, the market move randomly, so based on that I'm going to do x,y,z...". I don't know too many people who first needed to decide if the markets moved randomly or according to chaos theory before they started developing a...

I don't think I ever said I was looking for a 50/50 win/loss ratio. You might have picked that up in the tangential discussion with Aphie about a trade having a 50/50 chance of winning. I'm not looking for any specific win/loss ratio. However, I am looking for a profitable system - so I'm...

Looking at the trade log, it seems that he was trading U2.

Today was so slow I often wondered if I'd ever get filled on a few orders. The 10:25 long @ 895.50 was a real pain - there was a ton of size @ 96.25 and even more @ 96.50. I get my limit orders enters ASAP to try and make sure I get a decent place in line and a decent chance at a fill should...

The limit price is whatever the open of the bar is at that specific time. I haven't had any troubles getting filled - a few times that the open price was the offer and I was going short I obviously didn't get an immediate fill. Most of the time though - interestingly - when I want to go long...

I dont care if/when it becomes statistically significant. That isn't one of the goals I listed in my first post. Same with calculating the odds. Who cares? Why are you so suprised that it's worked the past two days? Because you think that something so simple and uncomplicated can not...

Just wanted to add... IMO, a great trader isn't someone who can look at a chart or any of a zillion indicators and find good trades, etc. - unless that it their goal. To me, a great trader is someone who is making money with the least amount of fanfair and work. The rules of the system...

The fact is though, I AM entering when I want to enter. It just happens that I want to enter at those times only, period. That's the system. I don't miss any good or bad trades because I don't enter at other times - those trades don't exist with this system. I do appreciate the kind...

You forgot the part where, after having your leg broken, you hobble over to a rock to sit down, knowing that the tree has already fallen and can't hurt you anymore. Then, as you lick your wounds, that same tree somehow rolls towards you and breaks your other leg. :)

A moving average is not TA?

Madison - I think you may have missed my stance on this - which is the same as yours. I don't think it's 50/50.

I dont think that is true for everybody. Surely the house isn't simply depending on luck. If gambling was only based on luck, how can you explain the fact that many of the same players end up in the final rounds of the Binion's World Series of Poker each year?

I might not be around for the 15:47 trade so I’m going to stop for the day. Today seemed a little slow, and the trades took longer to complete vs. yesterday. I’ve included the approximate time from open to close for each trade in MM:SS format, rounded to 30 seconds. Figured I’d keep...

Exactly. Most people, IMO, work this backwards - the make up a system they think works and then decide what they want to get from it. It makes more sense, IMO, to first decide very specifically what you want and then try and find a system/method that gives you exactly that. Cuts out all of...

That is the absolute truth.

Andy - I don't think there is any way for you tell tell if you are going to have any of those weaknesses until you are actually trading and you encounter them. Trading will make you do things you would swear you would never do... :)

Aphie - Not to start a thread drift here - but I ran the 50/50 chance of a trade being profitable question past someone I know that has a Ph.D. in mathematics, specializing in statistics to see if he could explain how some outside influence (i.e. the "edge") is accounted for statistically. I...