The edge is very small and the market is efficient.Technical analysis is a junk science and should only be used in context , fundamental traders fail because they can't always time the market and insiders fall to the same old psyche problems .They can all still have the phsyche issues.
Here are very interesting videos. http://www.woodiescciclub.com/Lectures/mark-douglas/august-2005.htm http://www.woodiescciclub.com/Lectures/mark-douglas/index.htm
Here is last week's performance , a losing week of 190 pips, this is the reality in trading.Most people will be upset , I am laughing. I know these systems are profitable in the long run. My trading assistants protect me from psyche issues , they execute flawlessly.
Thank god it is just demo ... Right? It is demo as in your other journal, isn't it ? Not that there's anything wrong with that, just saying.
You can't fully automate trading .So many rules would be required to be coded , and I have done it , but a manual view of charts is worth thousands of words and is far better. I want my trading to executed without my emotions/PSYCHE but flawlessly , with a little value added input by a third person.
losers have to make money every week , in trading you don't make money every day.Sometimes you have bad weeks or even months ,if you trade systems. On a good day my systems make around 500 pips , but this week conditions were not right for my systems.
These results are for different systems and should not be confused with high probability price action trades.They are traded separately.