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Does it mean any "system" like that can be used in combination with money/trade management and positive consistent profitability will be achieved, similar to successful application of TA?

TA called the recent 400+ point drop in YM with maximum heat of only about 25 points even using just the daily chart as entry time-frame. Notice how it's far superior as a timing tool vs. fundamental analysis which may catch the direction correctly (as Surf recently demonstrated), but has...

One trade today, have a good weekend everyone!

We have a saying in Russia: don't share the skin of a bear not yet killed. :)

Average profit is larger than average loss, yes. It's always small losses, small wins, big occasional wins (sometimes very high R:R windfalls, not too common, but pleasant :) ).

One trade today.

Sounds about right.

That's statistics.

Yes, this analysis here is not correlated to my journal. Rather it's just a set of TA observations, which are welcome to be discussed from analytical point of view. As for "PD's", I think everyone and his dog on ET knows what the infamous "PD's" are since about last Autumn or so thanks to...

Depends on your goals and performance. It may obviously vary from great satisfaction to worthless spend of time. Sometimes I feel working as a psychologist for $60/hr is not worth it (very draining). Sometimes I feel trading is not worth it (for the same reason plus periods of no profit), but...

TA now agrees with PD and favors reversal to short @ 15,024 with a stop-loss above 15,278.

Well, I don't care much about the signals I miss, only those I take. :) Years of practice showed that the less you think about reasons NOT to take a trade, the better. Took trades before FOMC in a dull market in the past months, some worked and some didn't like yesterday with overall no...

One trade today.

Of course same notional value considered. Spread is often much lower than 1 whole pip in spot and commissions too.

Significantly smaller transaction costs in many cases, which constitute smaller percentage of typical moves.

No signals today as well. In the other place tomorrow, so here's the blotter from the current machine to make sure no trades are made anymore here.

Stop-loss on hypothetical swing long in YMU3 would be trailed to just below 14,972 (low of last Friday).

Thanks, Surf. P. S. No trades today.

Thanks for supportive words, Surf. I will continue the journal so that we all see what happens, when total number of trades reaches significant sample size to make conclusions.

I appreciate your feedback and criticism, Wrbtrader and will consider that when find the right time came.