LOL... Crap or not is defined by only one thing: consistently profitable or not. Hence was my question: do you understand probabilities? You've just answered it in a way. Now seriously once again: any profitable method includes risk management component. Throw it away and you easily turn good method into trash. You better understand it, it's very important. You once again expose being infected with a false belief: good trading signal DOES NOT mean it always works. Not at all. It only means that it makes profit on average given it's traded with certain parameters, depending on the market, it's volatility et cetera... To become profitable, you, brother Oily, should stop looking for perfection, such doesn't exist in the real world. Look for real edges instead, which lie in the area of seemingly "small" nuances. No such thing as "small" nuance in trading, seemingly negligible mistake or a tweak can make a difference. You have to admit it and do the real serious work to construct a working trading method... Or drop it, some people simply have personality traits which are not compatible with this business, nothing to be ashamed of here, we're all different.
Technical analysis provides no edge, and trading is a negative sum game after spreads.Those who use t/a on its own may end up as losers after paying the spread and costs of trading.
No .When you start a tug of rope , you never let go of the ropeJjust using a technical analysis based method which is more robust , and accommodates failure of technical analysis.
Do you realize that you just wrote two contradicting statements in the same sensence? Do you understand that failure of any TA setup = TA setup?
You have to accept the failure and weaknesses of technical analysis , only then will you be on caviar ...as opposed to noobscaviar.
Coming from someone who claimed to be hiring trading assistants, then three months later showing interest in being hired as one.......