Quote from wrbtrader:
I think you set yourself up in your opening first statement via being clear that the purpose of this thread is to show you're using TA profitably...it attracts more debates that often derail most threads like this one. Also, you're also setting yourself up via engaging (replying) those against TA here in your thread. Eventually the rat pack will show up to ruin your journal.
Not sure why you're doing such but hopefully its not because you think others at ET has not proven TA works for them when in fact several have over the years. Further, there's already existing "Trader P/L" threads. There's also old journals (profitable users of TA) where folks posted real-time trades...others posted statements and one particular guy posted daily actual videos of his trades.
Yeah, these folks didn't have journals that lasted many years but they did show for the time span they did their journal, they were profitable while using TA even though the OP of the thread did not have the goal to prove TA worked. Thus, their journals were for other reasons and they weren't doing such as a reaction to those that don't like TA.
Simply, they used TA but didn't talk about it in their journals. That's my opinion about why those types of journals go "under the radar" and don't get much attention. I think that's the best way to prove TA works because any other way (like this thread)...
It will never satisfy the TA haters especially when you use words like "pure TA" when in fact you're using other tools (e.g. trade management, trade experience, discipline, money management). The only folks I would say that can use those types of words like "pure TA" are automated traders that are into TA.
With that said, considering you're using this thread to prove something...you're going to need a minimum to two types of verification to corroborate each other that most traders can easily do on their own without a third party involvement.
1) P/L Blotters with recorded video of trades
2) P/L Blotters with real-time trade post
3) Real-time trade post with recorded video of trades
4) P/L Blotters, recorded videos and real-time trade post (too time consuming for the average trader)
Recommend you post this info "outside" of ET and then just link to it here at Elitetrader.com so that you'll be 100% in control of the content...resulting in less arguments.
P.S. Anyone that thinks the average ET trader should be providing more proof beyond the above...you're being unrealistic.
