This isn't entirely true. Let's not get into explanations. That defeats the purpose of the thread. Those who are interested can read the pdf. Those who are only looking for an argument can find it elsewhere.
Thanks for the clarification. I didn't mean to propose that what I was talking about was something according to SLA/AMT. Just trying to answer his question about the types of trades I am personally looking at.
And if he chooses to do this... skip the first 9 months... it only started going somewhere a month ago! LOL
I tested it mechanically over 1 year without regard to context and trading through chop. My win loss was 46% to 54% and p:l 2.32 to 1 per trade. This again was without the use of context and trading mechanically thru chop. My entry was as written by the rule and my exit a 1 point line break.
It can be. Or it can be a dismal failure. Depends in large part on whether or not one understands what it's all about. If one doesn't, then criticism is little different from venting over one's own frustration. If, for example, one is afraid to take the trade, the method or approach or system or whatever isn't going to make much difference.
Aside from techniques/planning/strategy remember everything starts from within. If you can't see or visualize yourself as a successful trader you more than likely won't get there regardless of any plan. As well if you are all wrapped up in failure vs conquering those failures/mistakes/doing the work/putting love into what you do again no plan will help you. If you are even able to have some sort of plan before frustration and other head trash creeps in enough to make you quit. The game needs to be won before it starts. This is a topic for a different thread however.
Repost of last week's daily chart: And this week's daily chart: So far, price has moved 120pts since the retracement after the break of the upper trendline (and the demand line).