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How can it be a loss in pips, but a profit in dollars? :confused:

Yes, I also always have a hard stop-loss in place and no target (there is TP order, but it is quite far by default). It is because sometimes price just shoots in some direction and I don't want to limit my profits (home runs happen more often than many people think), but never want to hold a...

Yea, they are rather to make you not lose much, than to make money directly. :) P. S. I use small arbitrary stops very often.

Yea, and for those times, when there's no trend, we have reversal signals in the arsenal. :p

Now that is a different point. :) Yes, definitely potential average profit is smaller, when one is picking minor retraces against the main trend, picking the entries, where trend traders take profits etc. But "smaller average profit per trade" and "negative edge" are two different...

I never say "impossible" in any of my posts, if you noticed. Because no matter how I trade, I know different people can be profitable while trading very differently. Your "test" is just something based on some limited parameters. How can it be a serious proof of whole "counter-trend trading"...

You seem to reason too rigidly. Who and when has proven that counter trend trading has negative edge? What kind of counter-trend trading is meant? What sort of entries, analysis, position management? This is serious business, leave superficial rants and theories for losers, please (I assume...

I posted a lot of live examples of real setups with explanations here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=235350

You should know how to trade with the trend, how to trade counter-trend, how to trade trend reversals, how to trade in absence of the trend. Trading is Darwinism at it's best. Adapt to survive.

Exactly. Follow the market, don't think about it too much, we are not paid to think, we are paid to follow the market in the right direction of delta or other greeks (in the case of option fans :) ).

Why should I care? Our job is to make money from trading, let economists debate about definitions.

Some fail, some not, there are enough of them to make money, that's all any trader should care about, not about definitions of what is trend or not. :) BTW, ranges can be just as (if not even more) profitable.

Hmm... 2-3 per session on average on 5-min chart. So 10-15 per week. :D

Yea, week longs likely enter there, but as soon as it breaks the resistance, heavy shorts step in... The rest is on the chart. Great, that you took it too!

Bear flag pattern entry fine tuned on 1-min chart: http://www.cornixforex.com/2012/03/bear-flag-pattern-fine-tuned-on-1-min-chart/

Price action trading during the fast market example: http://www.cornixforex.com/2012/03/fast-market-price-action-trading/

Very good points here. Consistent adaptation is the key to consistent profitability. When one can distinguish chop/range from the trend, she/he can manage trades differently and get optimal profit. Those who cannot adapt, trade the same way all the time and are doomed to have periods of...

Right, I should elaborate it in more details next time.

4 pips stop-loss when trading forex. Clearly possible with some focus and multiple factors considered. http://www.cornixforex.com/2012/03/4-pips-stop-loss-in-the-forex-market/

Yeah, European session has a bad habit lately of chopping, making traders sleepy and then either squeezing or crashing.