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out of simple is real testing which is the best, but we may lose our time if we keep using day after day to do out of simple instead of using part of historical data to do out of simple test.

This method to find out if any TA rule is golden or just a joke only works for possible objectively define in a programming language kind, any subjective way is not possible to be tested and I can just say it will be always a myth.

The point is you need to do the backtest with in simple, out of simple, and math stats prove to see if it has any prediction power. Not every TA rule is stupid, but not all TA works.

You can email ernie chan and ask him through his blog.

here: http://www.amazon.com/Algorithmic-Trading-Winning-Strategies-Rationale/dp/1118460146/ref=sr_1_1?ie=UTF8&qid=1376590047&sr=8-1&keywords=ernie+chan

prop shop doesn't exist in my city and here is a main financial center in the world. I guess prop shop is just an idea to earn your money through transaction like what brokerage does, but at least brokerage would not pretend they can make you become a godlike trader.

I can just tell you 100% want to earn money. You are 100% of your game doesn't help you to have higher % to gain money from market because you cannot affect the market with your mind.

Basically it is how to trade (objective way is math) with using stats to prove the way works in history and math theories. For serious sport players, they also need to use computer (math+stats) to do analysis of their moves and opposites moves. For tennis courts, glasses, sands, those are very...

Trading is very different from sport: 1. In most of the sports, like tennis single game, you are 50% of the game, you can totally change the game by your own effect. Only single main investment bank has this kind of power but still far from 50%, and any single human like you and I would not...

for me, trading with "art" means trading with feeling. There may be very few people who can "feel" what will happen in the market, that is kind of supernatural ability. I am not one of these few people in the world so I believe in math+stats trading system way.

so who is the best?

well I would say it is impossible to objectively backtest something like Elliott wave principle but it is possible to backtest support and resistant, just I want to see if anyone has better idea to define support and resistant in programming/logical statements.

any good way to backtest support/ resistance levels?

I just scan through part of Timothy Sykes book. He just talks about some very basic classic Technical Analysis with his "I can tell this TA works fxxxing good from my experience" kind of comments. Look like he has good long term plan how to use infinitely subjectively ways to "coaching" to earn...

So how about his book? He charges money for buying his book.

I am reading TimothySykes posts in the past in ET. I haven't read his book yet, did he talk about his real strategy in his book? I mean the real strategy with clear steps, not like psychology or philosophy of his trading....

Did he come to ET before he was famous and getting million?

I think T. Sykes has his professional strategies, but I guess he would not really share the core strategies in his core business or public.

I believe he has his way to have pretty good chance to win money from market, but I think his marketing / teaching just his another way to earn money. I don't think he would really share his way. Larry William is another person who is very interesting, seem like he really knows how to trade well...

For all Ernie Chan has mentioned, it is possible for retail trader to do it with E-micro futures, it is just the statarb stats part maths are much harder and more steps than average momentum way.