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The win rate in and of itself is irrelevant if one does not cut his losses short and let his winners run, which is fundamental to the SLA/AMT.

Not defensive at all. But if you want me to provide you with my returns before you're willing to examine the approach, then it is highly unlikely that the approach would be of any interest to you. Why waste your time? And since you continue to post in somebody else's journal, this will be my...

So use something else. Makes no difference to me. And why are you posting all this in somebody's journal?

And how would you know they were true? The only way to determine whether or not the wheat you have is good is to test it. If you don't know how to test it, see Developing a Plan.

No, it's not. But whereas trading with indicators is like having sex with a condom, most would rather do without.

Given that I could make up any figure I like, it's not pertinent. The plan is not only simple to test but easy as well. Shouldn't take more than a couple of weeks with replay for you to determine whether or not pursuing it is worth your time. If it's not, then let's shake hands and wish each...

A warning:

But not from the material. Which you haven't read.

Or learn to detect divergences without the use of indicators. Then you don't have to worry about "settings" at all.

My goodness. Trading not going well? :D

Couldn't get this posted fast enough for those who are willing to enter pre-mkt. Sorry (I placed my own trade first; shoot me). I'm hoping that by the time this series is finished those who are interested don't need me for this.

Which I learned during my experience in "chat" rooms. Even when I told people what to look for, pointed it out when it occurred, suggested entries and stops and targets and so forth, none of it did any good whatsoever. Why? Most likely because it was mine and not theirs, and they were smart...

There is also the issue of a "divergence" disappearing in real time once a bar/candle is completed. One isn't aware of this in static hindsight charts since everything is done. But in live trading, these "signal lines" can cross and uncross even as one is watching them do so. Only after the bar...

Once I realized what W was doing in terms of AMT (I won't tell you how long it took for this to dawn on me), I then combined the two, or at least more consciously incorporated AMT into wht W presents in his course, particularly Section 7. Thus I know going in what my expectations are in terms of...

So test it, if it means that much to you. You have all the information you need. If you had done so a couple of months ago, you would have avoided calling a top 600pts too early.

Incidentally, BS appears to have a burr under his saddle about stops, particularly "trailing stops". The use of trailing stops is emblematic of the trader who is unsure of what he's looking at and consequently doesn't quite know what to do with it (such a trader will often use very wide stops...

Just a couple of points. Using W's vocabulary is fine. I had to use something more graphic -- such as "buying pressure" -- because so many people couldn't make the connection between what they thought were W's abstractions with the realities of price moving up and down. Not that "buying...

Imagine a world where everyone has very poor vision -- people can barely see things next to them. The only way they can navigate is by touch -- touch an object and try to determine what it is. As you can imagine, a person living in that world can never be sure what an object really looks like...

Simple. They're looking for someone who will tell them what to do: enter here, exit there. They never stop to consider that the "real time" call is ipso facto late, and that they therefore cannot act on it, without ever-increasing risk of being stopped out (which will very likely happen because...

That's quite a defense, Mark. Thank you. What BS doesn't understand -- because he's never read the material, much less studied it -- is that the SLA/AMT is a primer. Training wheels. Yes, it could be made into a complete trading system, and has. It's what I trade every day, or at least every...