You obviously have a lot of experinence Prado. You may be correct on my source of sentiment numbers-- but my way of interpreting them is different. surf
I think things like COT reports are definitely good to look at....but to trade only using them without regard to price action is dangerous. I have seen trades based on them go very wrong initially, then later work out. If the people using them had also used some sort of price action strategy, kept them from getting initially steamrolled, then they would really be onto something. At the end of the day whatever works for a trader is all that matters. I think one of the reasons people get really annoyed with you is not that you have some secret strategy that is different than the rest of the trading world....that's cool. It's the fact that you try and trash other methods so often. In my experience, those who do what you are doing...well....they are not succeeding...so they lash out. I think you would almost rather be wrong then them right. In the end, they could be wrong every day of the year, but does that put money in your account? Absolutely not.....so why bother with trashing other strategies...especially ones that are very successful.
Since I will be on vacation and traveling through August, someone else has to run the P/L. At 1250 with this current position open it is: 172 + 46 = 218 pts per unit If Surf doesn't average down, it is going to be hard to blow this for the whole year....
I'd say the head and shoulders formation that is currently in place but not yet confirmed was a pretty good tell.
i think you mentioned that your old C2 system blew up. is there the equity curve, discussions, etc. about that system? i am curious what went wrong. maybe you wrote up on that somewhere.
1 - Charting is not about having a "predictive value". It's nothing more than a trading tool or another approach to understanding markets. You wouldn't (or at least you shouldn't) take a position in anticipation of a pattern completing. I don't know what wealth-lab is. 2 - No intended disrespect to you at all. But I don't know you or anything about your trading record at all. Either way, I'm going to give anything that I've seen in charts more credence than any quantifying you've done in wealth lab. If chart patterns are good enough for Peter Brandt and numerous other successful traders they're good enough for me. Check out Brandt's "Diary of a Professional Commodity Trader". It's a great read.