DislikedAgain, I beg to differ......Do I need to define what a legend is or explain that playing the forex market is essentially gambling?Ignored
Moreover, all trading strategies are ultimately based on the ASSUMPTION that some observed aspect of past market behavior will continue to repeat itself sufficiently often, in the future, to allow its systematic exploitation. Or conversely, they make the assumption that the aspect in question is robust enough not to be eroded, however the character of the market might change over the course of time. (For example, will amateurs continue to place their stoplosses just outside recent swing points?). Likewise in that respect, there are no absolute guarantees.
Those are the kinds of risks that even the most successful trader -- whether wittingly or not -- must embrace.
Positive expectancy is positive expectancy; it doesn't necessarily reflect infallibility. I find it curious how the term Holy Grail tends to mean a theoretically infallible system (implying a 100% win rate) when talked about in professional circles, and merely positive expectancy when it is discussed on trading forums. I see that this discussion has now devolved into a side argument over whether "elusive" should mean difficult or impossible to attain. My experience is that semantic arguments are seldom satisfactorily resolved...... especially on trading forums. LOL
DislikedA notion derived from religion, therefore based on superstitions and lies.