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I realized after posting the Q2 summary that trades were assigned to months based on their open date. This update (and moving forward) has the trades assigned to months based on their closing date, so there will be no "backadjustment" for June as the current open trade P&L will be assigned to...

This is one too many generalization ... ok, you don't look at volume, but it doesn't mean nobody does. I, for one, use volume as one of the key components to identify intraday Highs & Lows, which I later use to decode price-action. Prior volume - or lack thereof, often makes the difference...

I do not limit TA to the study of past price - actually, the definition says "past market data", and to me, the order book/flow is part of market data ... ... not that I believe in the study of the order book/flow to give anyone a better edge than the study of prices/volumes/times ... the...

No - the base system trades fixed size 1 contract (which is what I do right now). The system can also scale-in 1 contract for each subsequent signal in the same direction as the current open trade (with a slightly better average per trade than the base system) - in that mode, there is no...

Thank you :) ... for best performance it requires using no stops, which isn't as bad as it seems, but it takes a lot more capital per contract to trade it safely (I use 45,000 / contract). On the plus side, commissions & slippage are almost negligible compared to the average win and average...

Couple more stats: - win% : 56% ; loss% 42% ; be% : 2% - avg win (+558) /avg loss (-537) : 1.04 - P/F : 1.40

Results for the week ending June, 28st: - 12 wins / 5 losses ; net + 2005 The system had a long winning streak Monday to Wednesday noon ( 9 wins / 1 loss ; net +2550), making a new P&L peak in my account at +17,840. Then it got caught short until Thursday evening, erasing -1415 in 1 loss...

Can you divide that $102 by the number of trades to provide the average net per trade per contract ? Thanks D.

- Same logic applies to any trading methodology. - Beware of common-sense, it usually doesn't apply to trading. - I have found 24 patterns that "consistently" repeat in CL from 2007 to 2012, forward-testing + live-trading of these in 2013 shows they are still "working".

News clearly aren't TA, for the rest you have listed things which are market-generated data - hence fall into the TA scope.

Would you share a couple of useable examples?

Any local PC shop will build a PC to your specs, take a minor fee for building it, which should also get you 1-year warranty through them. Re. the specs posted on the 1st post, I would strongly suggest a larger SSD (256 Gb min), 2 HDDs of larger capacity that you will use in RAID-1...

You seem worried about a black-swan event ... far OTM options might be a decent insurance, especially if you are day-trading (just buy a pair of far OTM call/put for each expiry you are trading). Else, you will always be exposed to limits up/down, and catastrophes such as 9/11.

I did extract from Wikipedia a few sentences that summarize best what TA is - to me: "In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Technical analysis stands in...

NoDoji, I would be interested in making an attempt at automating one of your setups ... PM me if you want to discuss further. Cheers D.

Please go ahead ;-)

Maestro, as a curiosity ... if track-records cannot prove that a trading methodology works, what is it that "allows" you to dismiss the entire concept of TA ? It seems to me that the null hypothesis for "Objective TA doesn't work" would be "there is one Objective TA system that works". If...

That his trading methodology works despite the claim of no backtesting. I asked for it, and I am happy with that.

Nice track record ... are May & June 2013 blank because of no trading activity, or you are behind updating the spreadsheet, or ? That being said, isn't your edge consistently shrinking since 2009 ?

Since you have no backtesting results for your method, let's just compare live trading results then. Here are mine, 100% automated TA, live since March-19, up to June 21: http://rapacapintro.com/account/accounts?acc=CLAlwaysIn The number of trades isn't reported, it was just past 170. The...