We've been through this line of questioning before, if you can't remember my responses then go back and search. I'm tired of repeating myself to you.
I don't really understand why you keep posting stuff and pretend it's "facts". It seems to serve only one purpose, to draw innocent bystanders into endless discussions without meaning. It's like your trolling your own threads. Did you ever do any serious testing on your own or are you just relaying these "facts" from other sources? I know of at least two profitable, objective, mechanical systems that rely on "trends" to work. Since they are profitable, objective and programmable, there's something wrong with your "facts". Or maybe I am dreaming .
Wasn't that the guy who wrote a book about trend following, which you just claimed is something that doesn't exist?
Those are the facts, run the tests and see for yourself. Are you really questioning statistical reality?
Yeah, I totally disagree with the trend traders, but they have enuff respect to name check me in several books--- so go back into your cubicle, I think I heard your boss call....
Maybe that was under your other aliases? If you don't have prop backing or leverage, your a pro retail trader--- one of a rare breed-- would like to interview you for chapter---how can my agent get in touch? Thanks. Surf
Technical price action trading is a form of trading that does not require the gimmicks, high leverage, heavy financial backing, and/or powerful algos that you seem to believe are necessary to trade profitably on a consistent basis through varying market conditions. Those of us who actually do this successfully on a daily basis are part of the market; the only morphing we have to do is the transition from actively trading to sitting on the sidelines waiting for the next valid setup to appear. Price moves back and forth over minutes, hours, days, weeks, months and years. When you section price movement into equal blocks of time, you notice certain patterns repeat quite often. This is useful and profitable knowledge in the right hands. I have no idea how to create the blueprint for a custom home, but a professional architect who studied and practiced for years knows precisely how to do that. If you want a custom home, do not ask me to design one for you.
I'm just saying you've chosen to view the markets through one pair of glasses. There are others. One view does not necessarily invalidate another. You have proof there is no statistical edge in "trends", still there are profitable systems that thrive on exactly that which you say does not exist. Go figure .