Anyone trading purely Support and Resistance get a 70% or high 60% win rate?

Xela said:
Guilty.





I go up and down some hills, and use a rear-view mirror and wing-mirrors.
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It doesn't matter. Absolutely no impoliteness intended at all, but (a) win-rates are only one part of the profitability formula, and (b) I strongly suspect, overall, that it may well be easier for many to make overall profit from a 35%-40% win-rate than it is from a 60%-70% win-rate, and if you read books like Van Tharp's Trade Your Way to Financial Freedom and Tushar Chande's Beyond Technical Analysis, they explain why, with examples. And in that sense, the answers don't matter much, because it's kind of a "bad question". Sorry!
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The Market Wizards as a group that are swing and position/trend trading expect for 10-20% of all their trades to account for their mind blowing profits each year. Their win rate is around 40%. They focus mainly on risk management and the process of trading consistently following their best practices. - They report the entry signal is not considered to be much of a factor in their success.
 
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comagnum said:
They report the entry signal is not considered to be much of a factor in their success.
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It has always seemed to me that there's a fairly clear inverse proportionality between traders' overall success and the relative importance they attach to "entries".

I'd even go so far as to say that it's extremely unlikely that people who subscribe to the "Get the entry exactly right and the rest of the trade-management parameters don't really matter very much" perspective can achieve any real success with their trading.
 
cvds16 said:
I trade S/R intraday with an extremely high profit percentage, but it's just one trick in my book ... you need context to judge them ...
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Can you post some charts to share these high profit entries?
 
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