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Microscopic by industry standards right now and exact numbers are private information hence I have no intention to promote myself currently and have no intention to give any clues on a public forum about the profits. Let's say I make $1000 a month. Much better sleep for me this way. :p

This thesis I agree with. Markets change, we change and maybe I trade much differently in 5 years vs. how I do it now. But if you were profitable, why didn't you make a career as a trader?

I trade NQ this way: simply looking at charts and clicking mouse on the DOM. It certainly is possible and even profitable. :)

Start from thinking what exactly makes you lose patience. How do you think what is it?

:D

That's why just a few friends as OPM for me so far, who understand quite well what I do and what expectations are.

I do OPM recently, no license needed to have up to 15 clients and so far not interested in more. In future - yes, likely if I find it interesting, will get license and manage more funds. Also I demonstrate what I do in real time to quite a few people who are really constructive and willing to...

But Larry Connors was profitable with his TA as well as LBR. Wouldn't you say they wrote a book about what doesn't work after all?

And I read Street Smarts. Even liked it actually. It's purely about TA with exact approaches described.

Yea, that's basically my trading approach. Which is no wonder since it was you who taught me a lot. :p

Yes, this spontaneous synchronization is exactly what forms TA patterns in my view. And the fact of it happening in waves (like in your analogy with hockey fans), when someone starts to chime and others join creates what's called "trend", which continues until everybody joins and exhausts with...

...and by the way, what's the most beautiful. Suppose Soros DID just short the yen in a very violent manner. Yen plunged. What happens next? Very likely many eyes with many dollars in the accounts see that and make conclusions someone huge is selling. What is likely to happen? Correct, they will...

Of course it doesn't happen all the time, otherwise Soros would be bankrupt long ago if he regularly acted with such an amazing and stupid non-professionalism. I am a simple retail trader and still NEVER would allow myself to act in such an idiotic manner. When my mother was dying from...

So he went from TA to quantitative approach, right? But still at least in mid-1990's when Street Smarts was written, TA worked nicely for him, correct?

Good point from the legal and formal point of view. I almost have no experience of managing OPM, so it's something for me to remember. Thanks!

a) Can be controlled doesn't mean markets are usually controlled by one person. I doubt any one person can control ES or furthermore EURUSD these days also. And persons with power can also act as part of a crowd. Very much so. b) If something resembles each other, it's not necessarily the...

What about efficiency of TA as a tool to measure likely crowd behavior based not just on self-fulfilling prophecies, but also other factors, which actually form TA patterns, like observing how sellers tried some level a couple of times and gave up, which may increase odds for a bounce (just...

Cool. But how do you explain the fact his Street Smarts is, well, purely about TA patterns? :)

Yes, highs/lows especially on larger scale are so obviously noticed by the market it can't be more objective.

At least we learn and honestly admit when we don't know something. :)