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skalpz, Between cornering the world's currency markets on daily basis and averaging 6.43 posts on ET, I'm wondering how you manage to accomplish all this with just one hand?

hey toe - nice to see you. apismoclam - Gravity is a force which is universally constant. We observe friction because we are on the face of a planet that has a dense atmosphere.

The Efficient Market Hypothesis was first posited by Eugene Fama back in the 1960's. It would be covered in week 1 of Financial Market Theory 101, or chapter 1 of any related texts. If you've never heard of the EMH you cannot rightly claim to know anything amout markets. The bottom line is...

Lefty, Thanks for your insights - most appreciated. Gives me something interesting to think about. All the best.

Lefty, I am intrigued. I presume you are detrending the data so as to eliminate any trend/cycle components, leaving pure intraday volatility/noise from which you are trading some form of range breakout. Or perhaps the corollary. Discard the vol and trade with the prevailing trend or cycle...