Simple TA by Wizetradr

[jaa007]

Thanks WT.

I'm a long time student of the market and I have concluded that the only way to survive in the market on a long term basis is the mechanical system. Trying to trade by chart patterns (C&H, H&S, pennants, flags, gaps, triangles, etc.) eventually wear you out and get your ass kicked. The market is non-linear and counter-intuitive. Chart readers may get lucky for awhile or may even be a roll. But fatigue, greed, ego and carelessness set in and the TA get very sloppy. It takes rare individuals who can do it well for long period of time like Lowtrade.


There is no perfect system because the moment it becomes perfect, everyone will be using it and the system will crap out since not everyone can win. Someone has to lose. I don't expect miracles with any system, but I'm willing to look at any reasonable system, especially a simple one like yours.