TA - money management won't work. TA + money management does work. His own 'Price Drivers' without money management won't work due to even expectancy of future win/loss rate, which he doesn't dispute, in his own words he had lots of losing trades. I will post trades here based on an hourly chart incorporating the basics of price action - a trend line break (SLA) paired with RSI either oversold or overbought condition, stops will always be posted together with targets. I am not a proponent of mechanical trading, I always use discretion. Let's not get into debates that ONLY mechanical based trading is profitable as it's complete horseshit. So here we go...
Let's not get into debates that indicator does not work either. Few years ago, cornix tried to convince marketsurfer that TA worked: http://www.elitetrader.com/et/index.php?threads/cornixs-ta-performance.271186/page-61#post-4009115 I hope you can succeed this time.
TA is not exact science, how we choose to use it and how we implement money management will vary from one person to another, same could be said for traders making their decisions based on fundamentals, sentiment or whatever else. For some it will work, for some it won't. But making a blanket statement TA doesn't work is horseshit.
====I've had enough of Marketsurfer!==== sounds like a personal problem and marketserfer must have hit a nerve and not only of one person but of many people it is amusing (or amazing) to me that so many people trying to make marketsurfer to change his opinion (it sounds like you guys want to get his approval of your own thoughts): explaining something to him over and over, reexplaining, arguing, blaming him for something he did or... did not do.. etc, etc the guy has a right for his opinion and the right to express it... anyone who does not like the way he sounds can ignore him, there is an ignore button, ignore him - that's it... if some one would ask me what i think about marketsurfer (or any-other member of the forum), my answer would be simple: "I do not think about him...and so should you" everybody should mind his own business.. market especially gives a lot opportunities for that and it makes life much much easier...
If you post your opinion, then we have a right to respond and that's exactly what I am doing. And because his opinion is full of arrogance, btw anyone that questions his PDs he refers to as a$$clowns and haters, I said what I did, I had enough of him
absolutely but discuss his opinions, not him... in that case your post would read "I have enough of Marketsurfers opinions"... and again if you have enough: either ignore him or if your care so much as to continue the debate then continue discussion of the subject, opinion... somehow here I can often see how instead of debating the issue people very quickly switch to the debating the opponent...
LETS DO IT! Let's prove all naysayers wrong. romik, this can be a good thread, don't get sidetracked.