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Well it wasn't the edge itself it seems. Ironically, when I traded looser way (just took patterns, which "looked good" to me), trading always worked pretty well. Volatility also helped. Late 2008, then 2009 and approximately until the middle of 2011 were true glory days in Euro. :D So now I...

Back from quite a break from ET (and from systematic trading as a whole). No other aliases, nope I don't play these games. :) Have to admit that my experiment of purely mechanical NQ trading didn't prove itself worth continuation. July 2013 ended with result of approximately -10%, which is...

Cui prodest? What is the purpose of teaching someone how to exploit real edges?

What's the purpose to teach someone for free and pay him/her if nearly every real edge can be automated as you stated a few times?

No problem with some broader TA talks. :)

Cutting losses and letting winners run is very simple and mechanical. If trading is so easy, how comes most people including you can't do it?

No. I am speaking of levels, which are different for different markets. They exist and make a lot of sense in stocks index futures for example, but not in currencies etc. Have nothing to do with patterns, which also exist in randomly generated charts.

Surf, I simply can't deny the reality of certain levels being respected by the market with amazing consistency. If I stop considering them I'll miss significant part of important trading info. It's 100% objective, believe me.

TA is how I make a living for a few years already. Of course it's not "just" TA. Wrbtrader points it out well. It's TA + money/trade management + self-control + statistics etc. But reason to enter trade for me is always TA. Reason to exit can be TA or statistics, depending on situation. I...

Yea it works like that. Every strategy besides probably high frequency scalping has good or bad periods. If you know what to expect it's no biggie to sit through the poor period with just little scratches and no deep scars knowing the better times come and you kill the buffalo. :)

Stop and reverse to L @ 168675 with new stop-loss @ 167150.

Correct, so far it's basically break-even after commissions. But there are different methods with different definitions of consistency. This method is very profitable over the year so far, not profitable since the start of the journal, yes. Oh well... :)

Here you speak as a real trader, Surf. Finally I would like to say! :) Happened to catch 20+ handle runs, happened to catch 7-8 smaller winners in a row being called live. All the same method. To be profitable it requires just... not losing much and eventually making something. As for slow...

To be honest... I care less about the show component of this thread. :) Consistently break-even, losing or winning... time will show. One thing for sure: it's not something that usually impresses trading theoreticians which are prevalent on ET. And not going to be, ever. :D

Wrong. TA can be very objective. Which doesn't mean every trader uses the same TA signals, because there is a variety of time frames and possible points of entry/exit depending on what kind of action trader prefers to exploit.

Yep.

Who cares what's "standard in most"? Reality is whatever it is. Forget "common", forget "most". Be a personality already! :D

Guess our signals are slightly different. :)

Correct, slightly negative since start of the journal so far.

Yea, it moves but extremely poor for setups this month so far.