I started this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=273468 in order to discuss TA as "objective vs. psychological/savant skill" in general. Every participant of this thread is welcome there as debate will be on topic in the right place now.
On what time frame? Across how many set's of multiple time frames? Did you include any other indicators overlapped with breakout signals? My guess is you tested something very very simple and have drawn large conclusions based off of that.
Yes, it was a simple strategy-- My post was inappropriate for Corn's journal so I moved it to his TA thread. surf
Ha, good question... Problem is I live in two places and two Sierra Chart instances contain data for trades performed from each home respectively, so data is split a bit. Current place has 40% profitable trades on 5 trades sample. The other place I'll check when visit it again.