The statistical edge comes from the real results. They are undeniable. So there is a statistical edge. At least if the numbers of trades are statistically representative.
Just had on my podcast Lasse Pederson of AQR. Talking his book "Efficiently Inefficient": http://www.amazon.com/Efficiently-Inefficient-Invests-Market-Determined/dp/0691166196 Momentum definitely exists. Two forms of it. One trend following.
ROFL. Your cluelessness is hilarious as always. The trend is your friend. Always. No exceptions. Questioning the trend is not the question you should be asking. The question you should be asking is "Do I know how to find the trend?" Which in your case is not only NO, it's HELL NO.
It didnt stop working, I trade what I see not what I think, simple and transparent. Therefor I rely only on a excellent trading platform. Thats how I manage my risk. Since i am with Ctrader from Spotware, nothing but full control due to the all in one visual platform. Like In-chart one click order execution, zero conflict of interest (its a third party software developer), True ECN, zero quote manipulation, no requotes, allows for any type of trade & DoM. Cheers Rijder
Just sharing experience. Being a trader is like being a digital Samurai. Cutting the learning curve to my other traders starts with software, our only connection to the interbank. Cant rely on House made software...catch my drift Mtrader? Cheers!
How many upmoves or series of moves or whatever increase the odds that the next move or series will be in the same direction??