Listen, "TA doesn't work" statement is probably a wrong one because it reads something that I did mean. I meant the TA indicators alone as mechanical instructions would probably fail for anyone why would try to implement them as is. What I also meant is people make the trading work not the TA indicators. The only way I know a trader could be successful is when he (or she) develop his (her) own interpretation of what is going on. Now, I also meant to say that any sort of additional information (other then Price vs Time) is very helpful. Therefore I tried to illustrate this with the strategy that I posted. It is not the only strategy that works, there are unlimited amount of strategies that could be successful but you have better chance to comprehend the situation if you have more information to process. Traditional meaning of TA (read any book on TA) could be summarized as a group of functions that help a trader to filter out some consistent patterns that possibly exist in a Price vs Time chart. In this respect I only tried to point out that there some other things that are not covered by traditional TA and yet are very helpful for decision making process. Things like integrated sizes, amount of canceled orders, flow of new orders on the book, time of locked or crossed market etc. are not covered by traditional TA and deserved to be looked at. That was my point! I will post soon some of my other strategies that I have developed in the past 10 years. In these strategies I have always used something that is outside of traditional TA and it always produced very interesting results. I think that ET population deserve to know all of this. This is why I joined ET in the first place.
Regards,