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You need to stop sniffing whatever you're sniffing. Surgeons are going to be around for a long time to come. "I need a heart transplant operation. My choices are a respected cardiologist with twenty years experience or some version one robot programmed by some clown who's never been to...

You may not be wrong, I don't know what most good traders do either. My point was that none of us knows for certain, nor does it really matter. I think the post by Daring was on target. "Success is whatever works." - Bruce Lee

I use momentum.

That's not an answer. Lots of people believe stuff just because it's tradition or conventional wisdom. That doesn't mean what they believe is true. All ancient people used to believe the world was flat. Their beliefs did not affect the shape of the world one iota.

And how exactly do you know that? Did somebody publish a definitive survey of all the consistently profitable traders?

Just saw an OTA commercial on Mad Money. I thought those assclowns were going out of business. :mad:

Oh brother. As GoldenMember pointed out, you're just plain wrong. What you are coyly hinting at is Momentum, e.g., MA crossovers. Yawn. Momentum indicators can be, and often are, made with no MAs at all. This is elementary stuff. What you may not realize is that while momenta are...

It sounds like you're making an argument for fundamental analysis rather than technical analysis. Whatever helps you pull the trigger, dude.

All moving averages lag.

Then what is your issue? If analyzing the numbers will tell you what the people are doing, looks to me like you're making a problem out of nothing. There's nothing technicians are doing today that they weren't doing in principle a century ago. Same same.

You're completely overcomplicating trading. Thinking of it solely as a competition is very misleading. Comparisons to chess or poker are completely off the mark. Yes, in the abstract, you are competing against every other trader but in fact, each of your transactions may never happen again...

Pro: moving averages are lowpass filters, which means they reduce the high-frequency components of price series to allow a better assessment of price action. Cons: moving averages add lag, which means they aren't as timely as raw price. Also basic MAs like SMAs tend to attenuate the...

Sure, you're free to name whatever price you want but $8.5M just strikes me as a remarkably specific figure. Why not 8M or 9M? I thought maybe you had some snazzy pricing method for arriving at your price that I could maybe apply to my own WIP system for sale. Oh well. How extensive is...

I could tell you but then I'd have to kill you.* Sorry. :( (* Official policy of The Holy Grail Society)

Why ask "what"? The guy said he has a system to sell for $8.5M; I was just asking pertinent questions. I will note that was the second time I asked how he arrived at his pricetag and it's the second time he avoided answering the question.

Does that describe the system you're trying to sell for $8.5M? And whether it does or not, how did you decide on $8.5M as an asking price? Where do you market such a pricy item?

Just another pathetic addiction. Drugs, alcoholism, gambling, hoarding ... all behaviors destructive to self and anybody else unfortunate to be near the addict.

Which rightwingers like you didn't give a flying fuck about when Dick and Dubya were spending the country into oblivion. Weren't any teabag asshats protesting when the Bushies were putting two expensive wars on credit cards, but let a Democrat get in office and suddenly Priority Number One is...

Standard IQ tests aren't super-reliable measures of academic performance in general, there are other important factors as well, so I'm not sure a trading IQ test can do what you want it to. Never mind the vast gulf between discretionary trading and mechanical trading, ie., between trading as an...

This. Sounds like the guy is either useless or a spy. Have a significant talk with your allocator and make him tell you exactly what he sees in the guy that deserves cultivating.