I think the key word there is logical in the definition. There is no certainty in trading but we try to increase our probability of success by relying on as much rational or logical criteria in making trades.
There is no proof. No one makes money retail trading. It's impossible. Brokers offering services to day traders and short term swing traders will eventually all go bankrupt because everyone on earth will be broke because no one makes money watching charts. The only people that do make money are people that guess correctly for short periods but eventually they all loose their collective butts. Market makers and large trading firms are the only people that consistently make money because they are the only people smart enough to understand the fundamentals (because the technicals are voodoo) and have enough capital to manipulate the markets in their favor. The only other people that make money are those privy to a bit of insider information from time to time. not
No profit target. I will try to ride the pending down wave as far as possible. Depending on the action, I will exit the trade after profits but am willing to give up profits to catch the big moves. everything is very fluid except the throw in the towel stop at 1341.25. markets are not static and are forever changing therefore static methods will fail again and again. This is why most logical, engineering, accountantants and libraians fail at trading. Their linear thought process can't adapt. Not all, just most. surf
I have been messing with this painting software, so I thought I would give you a little color: Surfelicious!!!!
Apart from holding on to a losing position, what would you characterize as a "static method?" Also, what, exactly, do logic and static have to do with one another? Not that anyone will ever accuse you of being logical, of course. And, yes, those "accountantants and libraians" are really something, aren't they?
I like it! the shape shifting, warhollying, hudson river surfer. You can put that on canvas and give it to me as a wedding gift. surf
It seems you enjoyed that probe. This afternoon is currently 82% chance of a tonsil extraction, through the same route as this morning's prostate check. Check with your librarian for the medical terms.
To address the emails --- I have not turned into a bear. In fact, after this pending meltdown, I am fully expecting a Massive bull market unlike anything that has been seen previously. it will leave the disbelievers and permanent bears baffled. It's going to happen.
Nice call on interest rates. Fwiw: intermediate term extremes are very rarely (never?) set on globex, but RTH...