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Depends on how one defines "prove". Unless this sort of thing is tested throughout an entire bull-bear cycle, the results will depend entirely on the context in which the movements take place. Ditto with Darvas Boxes, Trend-Following, etc.

I wouldn't lay that at the feet of SLA. Depends entirely on the bar interval. As long as we're stuck between 3480 and 3540, I have no interest in fooling with this. AMT makes a very nice filter.

FWIW, this theory was advanced by a vendor who couldn't trade his way out of a paper bag.

Then I suggest you stop until you've put a trading plan together. If you can't stop, then more money isn't going to solve the problem.

Start what? It doesn't cost a dime to put a trading plan together. What happened to the $234K you made on BAC?

Put a thoroughly-tested, consistently-profitable trading plan together and stop throwing your money away and we'll talk.

With all due respect to everyone who has contributed, "I think", "it seems to me", "in my opinion", etc, are of little practical value. These markets must be characterized in order to compare them. What is their average daily range, and by that I mean the high and low during any given 24hr...

Volume should rise during the first high, rise higher on the higher high, then rise again on the next attempt at a higher high, though not as high as during the second rise and perhaps not even as high as the first rise. Without that, it doesn't mean much. In fact, volume rises when price falls...

The volume's wrong. More likely you're looking at nothing more than a test of the long-term trendline.

Perhaps a better question would be which of these instruments provides you with the range and volatility you require but also the safety that enables you to relax and trade in an objective and rational manner? If you have no idea, characterize them, and any other instrument in which you're...

Some things have been shifted to chat since the people there are at least somewhat likely to be interested, whereas only a couple of people are interested in this thread, and due to the latter I'm not motivated to repeat it all here. In any case, the "hourly signal" was given on the 29th and...

Where we are:

Take it away, ND. I'm sort of done with this for a while :)

At the time it showed strength, but that doesn't mean that one should not have taken the reversal when price rolled over, if he was trading at the time. Not trading simply because one anticipates a trend change to the upside is pretty silly. Let's see what happens here if price doesn't go...

Not necessarily. It appears that traders tried to break through the very-short-term trend channel that roffe pointed out, looking for new value and failing, falling back into the VST TC. However, this is how trend change takes place in real time. If we make a higher low, we then have a...

Depends on the human. I couldn't care less about someone's claims of success. If I have no interest in copying them, what is it to me? Whether they're making tons or lying through their teeth is irrelevant. All that matters to me is my trading.

The key word, though, is "want". If you want to, there's no reason why you can't.

So price breaks thru and there's a ret at 0843. Let's see if buyers can hold on to their advance.

I particularly like “A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”

http://www.elitetrader.com/vb/showpost.php?p=3934902&postcount=881