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I am presently look at a common technique. Only trading in the direction of the long term trend. I have good system that I have been trading. If we assume, that I am able to define the longer term trend, then I was able to test, trades that were taken only in the direction of the long term...

>>I read Pardo's book in 1994 or 1995. It was one of the most useless books on trading that I have ever read. Of course, this is a personal opinion.<< Your comment reminds me of a Day Trader that I had chatted with. He mentioned that back testing was useless and never worked. I have to...