No question about years of data and clearness of pattern definition. But how exactly do they test if it has an edge? What entry/exit and other parameters would they use?
In fact surf: it's just the things like 'long' bars etc. that's the way that good TA has to be used (intraday I emphasis again ...)
I completely agree. TA is a subjective art . But I do have a question--- since TA believes I the fractal nature of markets, why does the time frame matter?
It's up to the person making the claim to provide the rules for trading that pattern. Take profits after x etc. if you don't have a full set of rules alo g withthedefinition of when to apply, it can't be tested. Why not just admit your TA is a subjective art? why try to mAKE folks think you have some kind of science of making money in the market? I can't understand this paradigm. surf
We are approaching 500 points of pure profit in the YM long trade inspired by the Price Drivers. We have 500 plus more points to go to hit the PD target of 1000 points. It may just happen sooner than I thought! surf THE SUPER BULL HAS ARRIVED!!
QED! So you want not "just pattern" but the whole system to be provided in order to be tested? Answer me sincerely please, would you care to provide your own profitable trading system for some strangers to "proove" if it works only for the sake of Internet discussion?
Your system is based on one pattern? That is what you are saying, no wonder you are losing money over the long run.
It doesn't. My patterns for example work in any market and any time-frame (within limits of sanity of course, meaning enough volatility/liquidity and deal cost to justify trading the given market/timeframe combination).