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Can say I really liked the chapter about systems and especially descriptions of how and why traders tend to wreck their working systems. Some good psychological observations. Also see the sense in the chapter related to fundamentals/macro picture analysis supported with technicals to commit...

Must say (reading further) that Mr. Gallacher is spot on when it comes to typical winning/losing trader styles, trade management (cutting losses and running winners) and trading with the trend... to be continued. :)

I took a look at Gallacher's "Winner Take All" today. Didn't read it all rigorously, but have a good experience of working with documents and getting the overall idea. Particularly paid attention to the parts which criticize technical analysis. What can I say? Mr. Gallacher obviously does not...

Should be an interesting read no doubts. Thanks.

Anything is possible, we'll see. :)

Well, I switched back to stock index futures after 5 years of playing currencies, so "forex" is no more relevant, hence the change. :D

Not the top trader either, but more wins than losses as well. R:R is a bit worse than I would like though. :)

Not at all. I always respect genuine wish for achievement. :)

Probably Surf is just trying to pretend he "doesn't get it" and fishes for stuff here @ ET. :p

Call me Rumpelstilzchen, please. :D Now seriously, if only you knew how simple is that stuff and how far from anything mystical... :)

I don't "just believe" almost anything in life, especially in trading. It's a matter of knowledge, not belief. And yes, I know that my stuff works equally well on 5-min or daily/weekly timeframes. With adjustment of distances in default stop-loss and other parameters like that of course.

It doesn't. My patterns for example work in any market and any time-frame (within limits of sanity of course, meaning enough volatility/liquidity and deal cost to justify trading the given market/timeframe combination).

Not just one, but not many either. Who said I am losing money in any run? :)

QED! :D So you want not "just pattern" but the whole system to be provided in order to be tested? Answer me sincerely please, would you care to provide your own profitable trading system for some strangers to "proove" if it works only for the sake of Internet discussion? :)

No question about years of data and clearness of pattern definition. But how exactly do they test if it has an edge? What entry/exit and other parameters would they use?

No worries, just academic interest in testing approaches. :) Do you know how your quant friends would test it? I am asking, because roots of "TA failure" reports may be laying there.

Surf, dare to answer how would you test TA pattern if presented with one?

If it was so, why don't you ever disclose any details of your price drivers, exact reasons and calls in advance? There's no danger, why not? :D

Such a pity, I am back and no answer to the question... :confused: So Surf, you asked to provide you testable TA pattern. I ask you, if it was provided, how would you test it? What would be your testing algorithm?

Never said it's an exact science. Professional gambling? Yes. And rules can be defined objectively much like in poker. Let me ask you one question before I answer yours: how exactly would you test TA pattern? P. S. Really left until tomorrow now. :D