A lot of edges are structural in nature. If it is in the grey area of legality, you can be assured people will ride it until it's gone.
All edges are structural in nature. those who don't have it cry foul and the regulators step in to "level the playing field" once again eliminating the edge. Anyone who thinks they have an edge by doing whatever everyone else is doing ie following past price is sadly mistaken. I do believe that everyone can find their own edge, but its only via thinking differently not just the same rehashed stuff you see on here year after year with different names.
I'm not "evolved enough"? That's rich coming from you. You seem to still believe TA is some magical entity to give you riches, I look at indicators and patterns as simply things that simplify price action and can be more easily coded. Until you get that far, your comments on TA mean nothing. You can also make it very far and then blow up by just selling options, period.
You're oversimplifying. Premium sellers have that kind of win rate. They all leverage up and blow up after a couple of years.
My belief is that the very premise that "price action" provides an edge is fatally flawed. But that's why the market works, everyone has different ideas and tries to put them to work. surf