The onus of what consistenty works and what doesn't is on the reader, not the presenter. Any trading pics shown on these boards are a starting point for your own research efforts. That's all.
Personally, I'm all for a thread (like this) which shows a variety of setups and gives links to other areas of this board which has become so huge over the years as to be virtually unnavigable history-wise.
There's quite a bit of price action which remains hidden from historical views. A lot of mechanical-driven backtesters miss this "tap and retreat" type of trading which intraday daytraders see and profit from. You would have to backtest with access to the transaction stream and not just the OHLC of each price bar to derive the stats.
For example, on the CL, which is what I focus on, this happens all day, every day: price hits a point, retreats 10+ ticks ($100+ per contract) and then bounces back and the bar closes without ever leaving a trace that you could have profitted from that intrabar move. That trade entry would have looked like a loser to edge finders relying on pure backtesting methods for proof of profitability. I certainly don't disdain this "snatch and grab" type of trading as part of the plan when, last time I checked, $300 a day in the real world is still a darn nice annual salary.
Personally, I'm all for a thread (like this) which shows a variety of setups and gives links to other areas of this board which has become so huge over the years as to be virtually unnavigable history-wise.
There's quite a bit of price action which remains hidden from historical views. A lot of mechanical-driven backtesters miss this "tap and retreat" type of trading which intraday daytraders see and profit from. You would have to backtest with access to the transaction stream and not just the OHLC of each price bar to derive the stats.
For example, on the CL, which is what I focus on, this happens all day, every day: price hits a point, retreats 10+ ticks ($100+ per contract) and then bounces back and the bar closes without ever leaving a trace that you could have profitted from that intrabar move. That trade entry would have looked like a loser to edge finders relying on pure backtesting methods for proof of profitability. I certainly don't disdain this "snatch and grab" type of trading as part of the plan when, last time I checked, $300 a day in the real world is still a darn nice annual salary.
