The thing about the market is there's more than one way to skin a cat. I personally know of 15 different strategies that are profitable, to varying degrees, that are simply price-action or pattern-based. I could probably find more in failed TA and chart patterns, and/or news/arbitrage, but after 7 years of screentime and research, it gets old. A couple are extremely effective. Yes, over 4% a day. Grails really do exist. It's amazing when you find "it". Or a few of them. In my experience, they're all remarkable in their simplicity. That's the beauty of it. For the best ones, there's practically no logic behind them. Merely psychology.....Needle in the haystack. Good luck.
And its especially good to read your post and listen the 'Summer`s end' (To Kill A Mockingbird)soundtrack.
Beautiful. I think that's why most won't talk about it. Or even hint about it. There's hardly anything to hint at...
the holy grail is whatever gives you precisely what you want considering that (despite much evidence to the contrary) there are people here who believe that the markets are 100% random even being able to snag 1 tick should be the "holy grail" but let's be real here, the holy grail is whatever is your edge, whatever indicator/idea/mindframe/brainstructure/environment/system/sentiment or whatever that lets you process the market in a way that is profitable for me it took probably 1 year of actual searching, it took me 4 years to even get to the point where i wanted to look the holy grail for me is rate of change, it's something that i can't really see on the price action so i need it as an indicator, but is extremely important in my trading and gets me out at the top and in at the turning points so yeah ROC --- REALLY ESOTERIC AND ELUSIVE INDICATOR THAT IS
I've got it, and I"m learning how to trade it. I'm getting better at it every day, and I"m very appreciative for that. It's never the method/system, it's always ME. Never ME against anyone or anything, always just ME. It's not even ME against ME. It all comes down to what you believe you deserve. Everyone gets out of the Mkt what they truly want because the Mkt is a part of Life. Everyone gets out of Life what they truly want. Everything in our Cosmos comes down to Love. Love yourself, Love your neighbor, Love what you do. Jesus, Buddha and John Lennon were right. All we need is Love.
everyone's holy grail is different based on their constitution and emotional make up. the market basicaly plays musicial chairs and a particular strategy which a particular kind of person trades becomes in vogue for a period and then another replaces it for a period. this all cycles over and over again during each bull and bear cycle as the cycle is just a change in collective emotion of it's participants. i know traders who make 7 figures/yr consistently in all markets trading technical analysis but many more who fail miserably using it. and they fail not because TA doesn't work, it is because they don't do it correctly. In fact all strategies work. every strategy gets it's time and all strategies are profitable during their time in the cycle. problem is that a winning strategy usually ends up using even more buying power and capital as it gets more succesful and eventually it's time in the cycle comes to an end. but by then, the trader is 10x bigger than when he started using that strategy and his equity curve collapses at the end. this is how traders blow up. this is how markets crash when something that's worked has been overleveraged 100x. this is why our economic system is collapsing right now but that's a differnet discussion. so basically 99% of traders over trade. i believe the holy grail has little to do with how to win which anyone can do really, but how to lose properly by getting smaller and/or just stop. people who constantly overtrade i don't care how great he was at one time inevitably lose everything. it is just a matter of time.