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Absolutely. I wouldn't trade something live and especially for other people if wasn't sure about the strategy. Beating the figure of 20% annually which you called "top performance" is not even a question and significantly more is pretty realistic. :)

Definitely it has to be overcome in order to produce net profit. That's what differs losers from winners. What's wrong with my journal? :)

IMO trading is closer to poker in this sense. There's a "house" which keeps small part of the pot and indeed always wins, but there are also winners as well as losers, both occasional as well as consistent professionals.

YM swing call stopped out @ 14,585, realized hypothetical profit on that 2B is ~435-450 points with MAE after the entry of less than 25 points.

Your help is huge positive factor of my own trader's career, so recognizing this fact is the least I can do. And I bet NoDoji will concur. :) I agree that as "intraday legs" players we better not care of HFT. It's beyond our influence and operates on the smaller scale anyway. So best we can...

Yea, it's not typical for us traders to have a character of saint, this business is tough and attracts appropriate people. :) Bighog is one great trader nevertheless, that's without any doubts.

Actually it perfectly fits Pareto's law. More is not always equal to the better. More effective is the better. If I can trade 2-3 hours a day on large size without insane adrenaline of too high frequency and without draining feeling of long screen hours, while making the same or more money in...

Oh, Bighog is not a troll, he's one of the people I am the most grateful in my life for trading insight. Just he trades his own way and if you or me traded that long (30+ years) we probably would have our opinion expressed in much the similar way. :D

Absolutely. That's exactly what I did: claimed to only use simple almost entirely mechanical TA pattern in my journal, apriori assuming the use of money management etc.

Exactly. It's not the miracle of something "working" it's simple logic and common sense: if some numbers are published for an instrument officially by the exchange and are automatically highlighted as important in the most platforms, why should it surprise anybody that those levels really...

Just 2.5 first hours of US regular session mostly. Sometimes a bit longer, but rarely much longer. I used to trade much more intensively in past years, but now priority is larger size, less time of being a "screen slave" and more relaxed trading. :)

One trade today.

You're very right about it of course. TA alone is not a recipe for success. Patterns are just points to enter and maybe exit (not always), but there are other elements in the successful trading too.

I consider his two books the most valuable stuff I've ever read about trading.

Speaking of YM swing call here. We had intermediate-term (weekly) trendline broken, a couple tries to go back up and eventually a daily 2B top pattern. Who said Vic Sperandeo's principles don't work these days? :)

I think automated trendlines are different, because there is no agreement among vendors about the exact construction method. Also resources for automation are still relatively poor. While I can teach a human easily how to draw trendlines the same way I do it would probably take much more time...

Yea, of course there are errors and bugs etc. But on average trendlines are relatively objective assuming they are constructed using the same rules and time-frames.

Stop-loss on YM hypothetical short trade trailed to 14,585 effectively locking in profit of 435 points.

Hmm... Still i think if we take two 5-min LL's of the same market and draw a trendline using different charting packages, but the same points, trendline will be pretty much the same. :)

It probably makes sense if you're a very short-term trader or use some really poor data feed like IB (which even has high/low ticks off at times :eek: ), but speaking of more or less "slow" day trading trendlines would still be exactly the same in case of regulated futures markets with...