Looks like most of the big moves (I'm just looking at USD pairs on the 4H) barely moved the TMA Slope at all. Is there a particular take-away from this? Is this the TMA expressing exhaustion?

Nor do I want to debate semantics. All I know is that when this strategy is discussed, the naysayers come out en masse and start shouting about how trading without a SL is dangerous. It's like when 'mutt told me what I'm doing is not trading. That's ...

Your point here does not negate the conversation. A trader who enters a position with a hard stop loses that amount should the trade go against him the amount of his stop. I don't enter with a hard stop because I anticipate price will retrace at ...

Not true, though. If we were to believe this, we need to stop believing in s/r. A trade that goes against you will find s/r and retrace. That presents the opportunity to recover. Maybe not recover all of the loss mind you, but definitely recover ...

*a quick aside.....could someone jump in (or PM me) and let me know how to insert the name of the poster of a quote?* Thanks! I start with the a basic 3% of account and divide that into 1/8. I enter with the first 1/8 and keep the other 7 to "feed ...

I can only assume you are talking about trading without a SL? And, if so, I can only assume you have actually traded in this manner (without SL)? Surely you are not: -on one hand asking me to provide proof of success, while on the other hand ...

"Computers in the future may weigh no more than 1.5 tons." - Popular Mechanics, 1949 "I think there is a world market for maybe five computers." - Thomas Watson, chairman of IBM, 1943 "I have travelled the length and breadth of this country and ...

From the 'Principles of Learning' Wiki page: The principle of exercise states that those things most often repeated are best remembered. It is the basis of drill and practice. It has been proven that students learn best and retain information longer ...

Near Kitty Hawk, North Carolina in the early 1900's........... Orville: Yo, Wilbur, you know that stuff Bob's been working on? He sent us that info the other day? Wilbur: Oh no....not this 'flying an airplane nonsense again'! You know my bicycle is ...

LOL. Okay, we shall continue. Yes, "trying it for yourself" always works best. I learned a couple of things from the cheesy Driver's Ed videos, I learned BEST and definitively by, you guessed it....doing it myself. You get a point here for catchy ...

Well it seems we've reached the inevitable diminishing returns in the point/counterpoint debate. Just pretend I posted some more retorts for "my side" and I'll pretend you did the same after that and we'll each enjoy our weekend and get back to what ...

For ME, I'll take any consistent profit as "working". You say it's not really trading.....I'll concede there too. Given the choice of calling my self a trader or being consistently profitable, I'll take what's behind door #2 thank you. And the high ...

True, there are many variations......of every trading style. The main point of contention I have with you and some of the others here is the apparent total lack of belief that a method such as Bob uses and advocates (though I have yet to see him ...

Ugh, I can't believe I've gone this long without bringing up position sizing. Thank you Lazy Pawn! Position sizing is key whatever side of the fence you are standing on, maybe even more so for the "recovery" crowd.

Now I/'we don't have stats to prove this but anecdotely I see what your saying and if true what's so bad about being happy with your no-SL-profits even though they aren't as large as they "should" be or aren't as large a trader Joe who is diligently ...

Statistics had no bearing on determining my trading style. Again, my comfort zone backed by my P/L statements determined that. I brought up these stats to try and show to the knuckleheads that, given the high failure rate of traders, the ...

....not if you don't have SL

I can't speak for others but my financial future (as it relates to trading) is based on my P/L statement. Not statistics.

Nacho, It looks like you should have about three months under your belt trading this strategy. With a good mix of ranging and trending conditions. How's it going for you?

Ok, I get what you're saying here but let's use a quick analogy...... If one were to take a long trip, flying is usually the best option. It get's you there in the least amount of time, giving you a good return for your time spent vs money invested ...