Wrong. Its only a myth to those like you that only trade specific setups and dont really care what market they are trading. Being specialized for one market or one commodity does bring you some benefit. You can still diversify in a sector.

Where is the EDGE in trading? The most important thing in trading!

wiki: Red herring is an idiomatic expression referring to the rhetorical or literary tactic of diverting attention away from an item of significance. For example, in mystery fiction, where the identity of a criminal is being sought, an innocent ...

Where is the EDGE in trading? The most important thing in trading!

Yes but that data is curve-fitted. Thats what matters here. Curve-fitted data cannot proove anything altho i dont deny there are some ROBUST trading systems which do work on long term. Good post ! Its same with trading anything, the more specialized ...

Where is the EDGE in trading? The most important thing in trading!

And this is excatly why this thread was opened. So that people can discuss what brings them edge. But anything that is put out needs to be backed up by common sense. Correlations trading is one such example. Yes and NO. You showed it can be done in ...

Where is the EDGE in trading? The most important thing in trading!

I think its better to teach people about the stuff that really works and not brainwash them with stuff that doesnt. Why are 90-95% of people loosing money on forex? They trade with ta indicators and dont really understand what moves the market.

Where is the EDGE in trading? The most important thing in trading!

? Backtest can be used to see if strategy is any good but it doesnt proove anything. Only real time trading does. Why do you think there are so many EAs out there having nice backtested 10 year equity curve...yet single one of them fail to work for ...

Where is the EDGE in trading? The most important thing in trading!

No you are not making them up but they dont proove anything. Only real time trading does. ... Ill check it out.

Where is the EDGE in trading? The most important thing in trading!

Backtest are not accurate. Let me give u an example. Here is test one i made today. url Does it look good? Sure it does...does it work in live trading. No it doesnt. Guess what, it works on every timeframe and its based on Moving averages. See my ...

Where is the EDGE in trading? The most important thing in trading!

Lack of intelligence is displayed by trading with unprooven methods and funny indicators. Lol and you talk about maturity? Anyway...

Where is the EDGE in trading? The most important thing in trading!

U got the wrong impression than. Discussion here should be about what brings the edge in trading. Noone cares who is right or wrong but if someone says indicators work than get some proof first. But hey, anyone trying to proove that bunch of random ...

Where is the EDGE in trading? The most important thing in trading!

What are you talking about? Not excited about what? He complained about slippage, random spikes, ect...to avoid this kind of problems the solution would be to open some platform where broker doesnt live from your loosing trades but from commisions.

Where is the EDGE in trading? The most important thing in trading!

Those are just excuses. Anyway, why dont you open a proper platform like Interactive brokers or Tradestation or TOS...and than trade on real market and not against bucket shops??

Where is the EDGE in trading? The most important thing in trading!

Obviously Mr Breakout doesn have a clue that backtests are done with maximum 90% or less modelling quality so this test that you posted doesnt mean much. A backtest on tick data tho can be up to 99% correct. Its very much often the case that ...

Where is the EDGE in trading? The most important thing in trading!

This is the key to sucess Excatly. Anyway thx for your input and suggestions. Nice post.

Where is the EDGE in trading? The most important thing in trading!

That last one if not my method. I saw someone mentioned it here and i see many people are making money with that so i added it to the list. Correlations trading on the other hand i did quite a bit. Euro/chf negative correlation was very good trading ...

Where is the EDGE in trading? The most important thing in trading!

This is excatly what bothers me. Trading according to the moon makes no sense, right? Its the same with lagging indicators. So until someone support their claims this with some common sense and not just "oh well there is my edge" i cant have much ...

Where is the EDGE in trading? The most important thing in trading!

You know you should have read a bit more. Some people actually did provide some good adivces. Your post on the other hand is completly irrelavant to this thread. So why waste ur time if u dont have/know something usefull to say.

Where is the EDGE in trading? The most important thing in trading!

U have no real arguments here. Making 1 billion on 10 billion account or making 1000 usd on 5 k account is a big difference. They cannot afford 40% drawdown just like that. So your friends can afford to gamble with some magic tools and occasionally ...

Where is the EDGE in trading? The most important thing in trading!

Lol. This is so wrong it couldnt be more wrong. So what are you doing here then? Looking for strenght to face the problems of real life? Dont be silly. Forex is business like any other business in life where you are making money. Some like to work ...

Where is the EDGE in trading? The most important thing in trading!

I did many. Most of them dont work but some do. Still looks like gambling to me altho some long term strategies do work when backtested only. Imaginary claims?? I told you which strategies do work and which have some logic behind. They are also ...

Where is the EDGE in trading? The most important thing in trading!