Yep, there are a lot more competent technicians than profitable traders. Behavior is where the rubber hits the road.
Loosely defined, a wedge can be any third thrust in a move and markets like to move in three's. A well shaped wedge as in the channel line above...
High 1 and 2, Low 1 and 2 are not systems but price formations. Understanding the material requires a lot of focused study. AL is a scientist but...
You answered your own question, you discover and define your edge by deriving an edge from the data of your testing and incorporate that edge into...
It is up to each of us to distill the complexity of price behavior down to what gives us individually an edge. You can't get to simplicity without...
No need to reconcile Fred, what difference does it make? We each have to do our own due diligence and research and find and utilize merit as we...
Al and Hougaard are friends and Tom has expressed his admiration for Al many times but think what you will Fred, matters not to me. I only have...
Al's critics by and large know little to nothing of his work so take the criticism for what it's worth. The title of this thread displays little...
You can't eat like a bird and shit like an elephant......Anon.
:thumbsup:
He is a mediocre technician. His strength is cutting losses and running winners and taking his signals without hesitation. I am not a fan of his...
It's a good read
Thx for the feet bath info. I'm a long time runner and sometimes my dogs can bark pretty loud.
Yes savants are few. not many 3 year olds can play Paganini on the violin. Trading is a lot more complex than it may appear to the beginner ("What...
Takes longer than most have the persistence or work ethic. For those who do, it takes what it takes....pick a number.
It's a good practice to review your signals at the end of each day/week to determine how trade should be managed. You don't want to go too quickly...
Yes, focus on the process of good trading and the P&L will take care of itself, and there are plenty of trend setups in a week....no need for...
Your experiences are very common. The world has a lot more competent technicians than it does good traders. Behavior is the key and is a harder...
Look, your drawdown days dwarf your net profitable days. That's a problem, now they may all be outliers but the sample size is large enough to...
Forever grateful :D:rolleyes:
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